CarMax Inc. has reached a settlement with the EPA over alleged violations of the Clean Water Act at the company’s store in Independence, Mo., the EPA said Monday. The used-vehicle retailer has agreed to pay a $ 119,440 fine after…
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EV upgrades may be final straw for some Cadillac dealers
DETROIT — The dawning electric-vehicle era is likely to mark the end of the road for some low-volume, rural Cadillac dealerships. The luxury brand is requiring U.S. dealers who want to keep their franchises after 2022 to spend at least…
LG Chem to approve plan for battery business spinoff, report says
SEOUL — LG Chem, a supplier for Tesla Inc. and General Motors, is set to approve a plan to spin off and list its battery business to help finance expansion to meet growing EV demand, Yonhap News Agency said. LG…
Continental antitrust suit against telecoms dismissed in U.S. court
Continental Group, which makes control units for Daimler cars, can’t pursue antitrust claims against a group of patent owners including Qualcomm Inc. that are seeking royalties on telecommunications technology, a federal judge in Texas ruled. Avanci LLC — a licensing…
Porsche's Zellmer being promoted to VW sales post, report says
ATLANTA — Porsche’s U.S. boss is said to be getting a major promotion. Klaus Zellmer, 53, CEO of Porsche Cars North America, will be elevated to chief sales officer at parent Volkswagen Group, according to German website Manager Magazin. A…
Gupta emerges as chairman of Nissan N.A.
TOKYO – Nissan COO Ashwani Gupta, the executive leading Nissan’s global revival plan, will personally oversee North America as chairman of a new five-member regional board created to ensure the U.S. market regains its central role as a pillar of…