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The earnings were hurt by warranty costs of 320 billion won ($231 million) for its Santa Fe crossover engines in the United States.
Newer automatic emergency braking systems prevent about twice the number of crashes that older models do but still fail to stop crashes at high speeds, a challenge for automakers preparing to meet a strict new federal standard for the technology. Model-year 2024 vehicles with automatic emergency braking avoided 100 percentof forward collisions...
Penske Automotive Group's artificial intelligence platform to improve customer service and increase service and parts revenue is expanding across the auto retailer's dealerships nationwide.
Sonic Automotive Inc.'s third-quarter net income rises with assist from tax benefit.
Used-vehicle sales giants are among auto retailers assessing and expanding applications of artificial intelligence.
Used-vehicle sales giants are among auto retailers assessing and expanding applications of artificial intelligence.
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