Wednesday, October 28, 2026
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Auto industry
Lansing Delta Township, home of the Enclave, Traverse and Acadia, will be readied for future hybrid production, and a DOE grant is being restructured to support it. GM gave no models or timing, per GM. Reuters separately put GM's US share at 16.6% through nine months, down from 17.4%. The move points toward more hybrid choices, but dealers have no model or arrival date to plan around yet.
Sources: GM · Reuters via Investing.com
The other stories from Wednesday, October 28, 2026.
Stellantis reported a Q3 loss and negative industrial cash flow, but kept its full-year guidance and expects positive industrial cash flow in 2027.
Read the full summary →Mercedes reported higher group EBIT despite lower revenue and car sales. China fell sharply while U.S. sales rose.
Read the full summary →Toyota's next hybrid-engine family targets fuel-economy gains above 15%. Those are development targets, not gains already in dealer inventory.
Read the full summary →Cox forecasts an October sales pace of 16.1 million and higher raw volume, helped by more selling days.
Read the full summary →Mazda is folding the two-row CX-70 into the CX-90 lineup for 2027. Stores will explain seating choices within one nameplate.
Read the full summary →Lithia bought four Gossett Kia and Hyundai stores in Memphis, more than doubling its local footprint.
Read the full summary →Group 1 completed its purchase of 10 Hennessy dealerships and now has 15 Atlanta stores.
Read the full summary →Ford reports Q3 results after today's close, with its call at 5 p.m. ET.
Read the full summary →Penske's total retail F&I revenue and income per unit both fell. Same-store F&I per unit declined to $1,734.
Read the full summary →Penske skipped its earnings call ahead of a pending $212-a-share take-private deal expected to close in Q1 2027.
Read the full summary →Group 1's F&I revenue fell 10.4%, more than the 3.6% decline in income per retail unit.
Read the full summary →Mercedes-Benz Financial Services reported a 13.8% adjusted return on equity in Q3.
Read the full summary →S&P expects slower auto asset-backed securities issuance in Q4 after a modest gain through September.
Read the full summary →Average loan terms reached 69.5 months as rates eased. Longer terms help payments but extend the time buyers remain in debt.
Read the full summary →Certified vehicles took about 46 days to sell in Q3. The CPO turn rate softened for a second straight quarter.
Read the full summary →Sonic and Credit Acceptance report Oct. 29. AutoNation follows before the open Oct. 30.
Read the full summary →