Read the August issue of Fixed Ops Journal, the parts,
service and collision magazine from Automotive News.

Adient to purchase seating supplier Futuris Group for $360 million

Seating supplier Adient has agreed to buy Futuris Group for $360 million. Adient expects its purchase of the automotive seating and interiors supplier to add $500 million in revenue per year.

Dealer anniversaries

Dealers featured this week include Bill Siever, president of Siever Brothers in Carlyle, Ill.; Dealer Bill Gatton of Bill Gatton Chevrolet-Cadillac in Bristol, Tenn.; Gary Duncan, dealer principal of Duncan's Hokie Honda in Christiansburg, Va.; Dealer principal Nelson Bowers II of Toyota of Cleveland in McDonald, Tenn.; and the Jim Ellis Automotive Group of Atlanta.

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Sent early Monday mornings, this newsletter contains a summary of key stories from our weekly edition.

UPDATED: 8/8/17 10:01 am ET - corrected
Faraday to lease former tire plant in California

Struggling EV startup Faraday Future will use an existing California factory for its first production vehicle, due in 2018, pivoting from an earlier plan to build a plant in Nevada.

COMMENTARY: Krishnan M. Anantharaman
The transition to electric is inevitable. Let's begin it.

Old-fashioned gasoline-powered vehicles commanded somewhere north of 95 percent of the U.S. vehicle market last year. But Americans don't love the internal combustion engine any more than an Iowa cow loves to eat corn.

UPDATED: 8/6/17 11:46 pm ET - corrects Model 3 length
Tesla Model 3 vs. Chevy Bolt: How they compare

Which of these is the better buy? In the green-car market, any long-range, battery-powered vehicle has to compete on the smallest of details and specs.

UPDATED: 8/2/17 5:40 pm ET - adds details
Tesla Q2 losses rise to $336 million; revenue surges

Tesla reported a wider second-quarter net loss of $336 million even as revenue more than doubled. The second-quarter losses were lower than expected given the company's plans to rapidly ramp up vehicle output during the next two years.

Electrification will follow autonomous

As automakers ramp up efforts to remove the human from driving decisions, they will aggressively pursue greater vehicle electrification, forecaster Jeff Schuster predicts.