Bruton Smith, a pioneer-turned-titan in both auto retailing and motorsports, leveraged small roles selling cars and promoting dirt-track races to create two business giants: Sonic Automotive and Speedway Motorsports.
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General Motors said it made an undisclosed investment in UVeye, an Israeli-based automated vehicle inspection technology developer, through its GM Ventures unit.
As part of the collaboration, announced Wednesday, GM will have access to UVeye's technology, such as an underbody scanner that can detect frame damage; a system that checks tire quality and issues such as sidewall damage; and a 360-degree detection system that checks sheet metal and other external body issues.
"We're excited to have GM as a partner. They share the same vision regarding the customer and consumer experience at the dealerships," UVeye CEO Amir Hever said. "GM has the largest dealer network, with over 4,000 dealerships, which is the largest and most significant for us as UVeye."
GM has made the technology available to purchase for its dealership network to upgrade vehicle inspection systems in service lanes. Use of the technology will not be mandatory, said Dave Marsh, GM's technical integration engineer.
"Here's the plan. Once they see it and they hear their peers talking about it, I think it's going to take care of that itself. They're going to want to adopt it," Marsh said. "We're on a journey, and certainly, I think we can get to some critical mass in a relatively short period of time."
Dealers can expect to pay a monthly service fee of "a few thousand dollars" for the technology, Hever said.
Marsh said some dealers are already using it and have found it beneficial.
"It's amazing the difference it's making from the customer experience," Marsh said. "By the time we're done, I think we're gonna mark this day, and I think we're gonna say 'They started to change the way customers are treated on the service line.' "
GM is the fourth automaker to invest in UVeye, joining Toyota, Hyundai and Volvo.
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Porsche Penske Motorsport unveiled its new prototype race car, the Porsche 963.
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British magazine Autocar, without attributing the information to any sources, says McLaren plans to launch an SUV in the second half of the decade.
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The company retailed a total of 240,950 used vehicles in the quarter ending May 31, down 11 percent from the same time last year. Comparable store used-vehicle sales also fell 12.7 percent.
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CDK said 81 percent of Gen Z members said their biggest priority when purchasing a car was taking their time and exploring all of their options.
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Honda will reveal eleventh-generation Accord near end of year, likely as a 2024 model. Styling appears to align more closely with the eleventh-generation Civic that debuted for 2022 model year.
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When it arrives in 2024, the dual-motor, 800-volt battery-powered Polestar 5 sport sedan will rival Porsche's Taycan, the aging Tesla Model S and Lucid, Jaguar and Mercedes-Benz EVs.
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Marelli is seeking the cancellation of about 450 billion yen ($3.3 billion) in debt out of total obligations of about 1.13 trillion yen, as part of a wider restructuring, sources say.
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The used-vehicle consignment company, in announcing the move this week, blamed vehicle sourcing snafus and said it needed to preserve cash.
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