WardsAuto - Latest News

Ford, Global Power Products debut home backup solution

Brian Martucci — Fri, 24 Jul 2026 14:25:00 -0400

More than 800 electric utilities have approved GPP’s GenerLink transfer switch, which provides backup power for outlets and hardwired appliances at significantly lower cost than a standby generator, Ford says.

Ally Financial sees loan applications rise to record levels in Q2

Jim Henry — Fri, 24 Jul 2026 12:13:00 -0400

The lender's increase in applications from the top of the purchase funnel allows Ally to be more selective while growing volume.

Ford, China’s Geely to build cars in Spain in joint venture

Paul Myles — Fri, 24 Jul 2026 11:20:00 -0400

The deal calls for the automakers to build two new Ford multi-energy vehicles and two new Geely electric SUVs at the Valencia plant.

Ford recalls nearly 388K SUVs for binding second-row seat switches

Kalena Thomhave — Fri, 24 Jul 2026 11:00:00 -0400

The recall expands a previous one in June 2025 for switches that can stick and cause the second-row seats to suddenly slide or fold.

Penske and Mitsui seek to take Penske Auto private in $3.8B deal

Jim Henry — Thu, 23 Jul 2026 13:25:00 -0400

Two current owners of global retailer Penske Automotive Group are offering $210 a share, subject to shareholder and regulatory approval.

Honda confirms next-gen Ridgeline pickup

Bengt Halvorson — Thu, 23 Jul 2026 12:00:00 -0400

Set to arrive within two years, the third-generation Ridgeline will continue to be built in Alabama.

Tesla reports strong Q2 deliveries and revenue, weaker profits amid big spending

Bengt Halvorson — Thu, 23 Jul 2026 11:30:00 -0400

Expenditures on other projects, like its Optimus robot and scaling its Robotaxi business, leave investors holding out for future returns.

Why auto dealer M&A activity could hit record levels in 2026

Jim Henry — Wed, 22 Jul 2026 11:25:00 -0400

Dealers are increasingly eyeing luxury brands as well as volume franchises such as Honda and Toyota. But that's only part of the surge.

Xpeng will enter US auto market, when allowed

Paul Myles — Wed, 22 Jul 2026 11:00:00 -0400

The China-based EV and tech start-up is expanding in Europe, but also is eyeing the potential of North America, according to its CEO.

GM reports revenue of $48B in Q2, updates full-year guidance

Eric Walz — Wed, 22 Jul 2026 11:00:00 -0400

The automaker’s EBIT-adjusted margin also improved from the same period a year ago, increasing from 6.4% to 8.2%.