Ford net income surges to $2.4 billion in Q3; 2020 forecast raised

The announcement ends a more than two-month search by the NIADA board of directors to replace former CEO Steve Jordan, who resigned in August to join KAR Global. Voltmann has spent the past 23 years as CEO of the Transportation Intermediaries Association.

Jacques Aschenbroich will remain as chairman of the French supplier until May 2023. COO Christophe Perillat will become CEO in January 2022.

Nearly all automakers oppose the proposal. Instead, they favor using the spectrum for developing technology to allow vehicles to exchange data about location, speed and direction.

The automaker's defense subsidiary developed the vehicle based on the Chevrolet Colorado ZR2 in just four months after it was awarded a $214.3 million defense contract in June.

Sonic Automotive CEO David Smith faces a felony assault by strangulation charge and other misdemeanor charges relating to his arrest in Charlotte on Oct. 5.

Aston Martin will get access to advanced Mercedes technologies, including next-generation hybrid and electric powertrains as part of the deal.

The supply-and-demand disparity favored per-vehicle profit for auto retailers this quarter, though the megadealers that gave reports last week warned short supply would strain earnings in the long term.

Much of investors’ optimism about Ford is coming from the elevation of Jim Farley to CEO. An intense former Toyota executive, Farley is seen as the high-octane antidote to his predecessor, Jim Hackett.

The study said "consumers remain skeptical because of their lack of firsthand experience with these technologies and lack of education about how and why these technologies work."