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Lithia Motors surpasses cost-cutting target, achieves $200M in savings
According to COO Adam Chamberlain, Lithia Motors successfully reduced expenses by $200 million by the end of the third quarter, surpassing its original cost-cutting...
Elon Musk denies report of xAI and Tesla revenue-sharing deal
Elon Musk has dismissed claims that his artificial intelligence startup, xAI, has been discussing sharing future Tesla revenue in exchange for access to xAI's...
Rivian halts EDV production due to parts shortage amid scaling challenges
Rivian has temporarily halted production of its Electric Delivery Vans (EDVs) at its Normal, IL plant due to a parts shortage. The company confirmed...
Rivian slashes costs to drive toward profitability
Rivian, the luxury electric vehicle (EV) brand, is making significant strides in reducing production costs as it aims to turn its first profit. CEO...
Cox Automotive dealer sentiment holds steady amid market uncertainty
The latest Cox Automotive Dealer Sentiment Index (CADSI) for Q2 2024 remained stable compared to Q1, indicating a consistent outlook among U.S. auto dealers...
GM’s EV sales surged in May, marking a turnaround despite Bolt’s...
General Motors experienced its highest-ever monthly electric vehicle (EV) sales in May, just six months after discontinuing its affordable and best-selling Chevrolet Bolt EV...
Hyundai IONIQ 5 to gain $7,500 tax credit with U.S. production...
Hyundai's top-selling electric vehicle, the IONIQ 5, is set to become even more attractive to U.S. buyers. The IONIQ 5 will be the first...
Weekly roundup: FTC defends new rule on dealership practices, GM unveils...
Earlier this week: The Federal Trade Commission defended its new regulations on dealership advertising and finance practices. General Motors announced that its new entry-level Cadillac Optiq...
Toyota embraces carbon neutrality, NHTSA further investigates Waymo, Increased inventory/ incentives...
Top stories
Toyota's new compact engines embrace carbon neutrality. Read More
NHTSA investigates Waymo's self-driving vehicles for 9 additional accidents. Read More
Cox Automotive forecasts improved new...
Automotive buy-sell market defies high interest rates, remains strong in 2024...
Was Q1 buy-sell activity indicative of what we'll see for the remainder of 2024? On today's episode of Inside Automotive, Erin Kerrigan, the Founder...
