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Actor Mark Wahlberg buys Chevy dealership in Ohio

Hollywood star Mark Wahlberg, known for both hit movies and his entrepreneurial efforts in the restaurant and nutrition supplements industries, is getting into the car business.

UPDATED: 7/19/18 4:40 am ET - adds CEO comments, details
Volvo expects record full-year sales despite trade tensions

Volvo said it was on track for a fifth consecutive year of record vehicle sales despite rising trade tensions after second-quarter operating profit rose 29 percent to 4.2 billion Swedish crowns ($474 million).
■ Volvo shifts XC60 output for U.S. to Europe to avoid Trump's tariffs on China imports

Hyundai launches Iron Man edition of Kona

Hyundai is extending its Marvel collaboration with a special Iron Man edition of the Kona subcompact crossover. The version is scheduled to be unveiled Thursday at Comic-Con in San Diego.

UPDATED: 7/19/18 4:22 pm ET - adds stock close
Convalescing Marchionne likely to miss FCA Q2 earnings call, report says

Fiat Chrysler Automobiles CEO Sergio Marchionne likely will miss the automaker's planned July 25 announcement of its second-quarter earnings as he recovers from recent surgery, according to an Italian media report.

UPDATED: 7/19/18 3:14 pm ET - new story
Asahi Kasei to buy interiors supplier Sage for $1.1 billion

Asahi Kasei, as part of a long-term strategy to triple its automotive business, said it plans to acquire U.S. interiors supplier Sage Automotive Interiors in a deal valued at $1.1 billion.

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UPDATED: 7/19/18 4:40 am ET - adds CEO comments, details
Volvo expects record full-year sales despite trade tensions

Volvo said it was on track for a fifth consecutive year of record vehicle sales despite rising trade tensions after second-quarter operating profit rose 29 percent to 4.2 billion Swedish crowns ($474 million).


Hyundai launches Iron Man edition of Kona

Hyundai is extending its Marvel collaboration with a special Iron Man edition of the Kona subcompact crossover. The version is scheduled to be unveiled Thursday at Comic-Con in San Diego.

UPDATED: 7/19/18 3:42 pm ET - adds written testimony Auto industry tells Commerce Dept. to ditch tariff proposal

A wide spectrum of auto interests, armed with the latest impact studies, warned at a Commerce Department hearing Thursday that raising auto tariffs would severely harm the industry and consumers.

UPDATED: 7/19/18 10:56 am ET - adds Rhode Island PSA Group eyes 15 possible states for sales

PSA Group has narrowed to 15 states its top picks as possible points of entry for U.S. sales as the French carmaker continues to develop its return to North America.

Today: 2018 40 Under 40

Today at 3pm ET we're hosting a live online discussion with five of this year's 40 Under 40 honorees. We'll discuss:

  • Tips to boost profit as new-vehicle margins tighten
  • Which technologies can improve operations
  • Ideas to best prepare for the future of car ownership

Save your seat to join the conversation right from your desk, and we'll send a reminder when the conversation is about to start.

2017 40 Under 40

The auto industry thrives on fresh product, fresh ideas and fresh faces. Automotive News' seventh annual listing of 40 up-and-comers in auto retailing under age 40 includes some who made an immediate impact upon their arrival and others who have climbed the ladder one successful rung after another.
» CLICK HERE to view our 40 profiles


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