News - Auto News

AutoCanada buys Chicago dealership group

AutoCanada, Canada's only publicly traded auto retailer, is buying most of the Grossinger Auto Group in Chicago, giving it a foothold in the United States -- with plans for more growth.

Auto lending landscape forecast to change

Even a modest rise in interest rates, plus tighter lending standards, could impact consumers' vehicle choices, sales and production volumes, dealers' inventory acceptance and lenders' loss risk, experts say.

China's GAC ready to recruit dealers

After tiptoeing on the sidelines of the U.S. car market, Chinese automaker GAC says it's finally ready to take the plunge, and it's looking for some retail partners at the NADA Show who are comfortable with the deep end of the pool.

CDK launches open exchange for software developers

CDK's new app store-like open development platform Fortellis aims to enable innovation and commercialization of software solutions.

Ford, India's Mahindra to develop SUVs, electric vehicle

Ford and India's Mahindra and Mahindra said they have signed an agreement to develop midsize and compact SUVs and an electric vehicle.