First Shift: Musk teases Model 3 in tweetstorm

Musk teases Model 3, but downplays expectations; Uber suspends autonomous-car tests after crash; Calif. defies automakers, approves emissions rules; Lexus chases envy factor.

AutoNews Now: Ford expecting $1.4B profit drop

Ford expecting $1.4B profit drop; Shelby GT350 Mustang loses power, lawsuit alleges; Meeting fuel standards cheaper than believed?; Calif.'s EV

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AutoNews Now: BMW plots product assault

After loss to Mercedes, BMW plots product assault; Marchionne eager to discuss a Volkswagen tie-up; VW's need for EVs; McLaren, Toyota, others brace for Brexit; Baidu vs. bad guys.

Small dealer on battling giants for acquisitions: ‘Give us a chance’

Fresh off a $12.5 million relocation of his Nissan and Subaru franchises, Iowa dealer Dave Wright is hiring and on the prowl for acquisitions. He believes smaller retailers can compete against larger groups in the hunt for dealerships by using seasoned talent and nimbly closing deals. With a focus on expansion and developing a workplace family, Wright insists: “We're way too invested now to die.”