The Future Is Today
CDK Global Inc. has acquired Square Root, an Austin, Texas, company that specializes in data insights for automotive field management. Dealership management system giant CDK, of Hoffman Estates, Ill., said it completed the deal this week. Financial terms were not…
LOS ANGELES — Hyundai Motor Co. is launching a global battery-electric brand using the Ioniq name from its current hybrid and EV hatchbacks. It plans to release three electric vehicles from the new brand in the next four years, starting…
Vehicle listings company CarGurus will lay off 13 percent of its global work force and end some European operations as it deals with the economic impact of the COVID-19 outbreak. The Cambridge, Mass., company said Thursday in a regulatory filing…
General Motors on Sunday announced plans to shutter Australian subsidiary Holden and its dealer network by 2021 as part of a continuing effort to exit all right-hand-drive markets. Holden’s local design and engineering operations, which were retained after its production…
Bram Schot was thrust into the role of CEO of Audi on an interim basis when his boss, Rupert Stadler, was jailed during an investigation into Stadler’s role in Volkswagen AG’s diesel emissions scandal. This happened just as the brand…
TOKYO — Honda has agreed to merge three affiliated suppliers with Hitachi Automotive Systems in a blockbuster deal that aims to create a new global mega-supplier and better leverage scale and r&d resources for developing next-generation technologies. The accord, announced…