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An internal memo indicates that Tesla is planning to cut 10% of its global workforce following a slowdown in electric vehicle sales.

Tesla to lay off thousands of employees worldwide after Q1 sales...

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Tesla plans to lay off more than 10% of its employees worldwide, according to an internal memo leaked earlier today. In the document, Tesla CEO...
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

Car thefts on the rise as criminals adapt to new technology

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Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context...
BYD witnessed a sharp quarter-over-quarter electric vehicle sales decline amidst a slowdown in demand and an economic downturn in China.

Automotive weekly roundup: BYD sales plummet, Tesla disappoints, Ford wins on...

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Earlier this week: China's BYD saw sales plunge from the previous quarter amidst an economic downturn. Tesla reported disappointing sales for the first quarter, marking...
Fisker has withdrawn its earnings forecast for the year shortly after reports circulated of a wave of Ocean SUV cancellations.

Fisker withdraws earnings forecast for 2024 as financial woes mount

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Fisker has withdrawn its 2024 financial forecast as it faces a regulator probe over its Ocean SUV, the latest in a series of troubles...

Ford Q1 sales soar, Stellantis sales plunge, Fisker’s problems mount

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Driving Solutions De-mistifying dealership defection rates — Eric DeMont | Urban Science Defection rates deliver vital information to dealers, allowing them to identify how many customers...
Pete MacInnis shares survey data from dealers that investigates the disconnect between quoting a payment and “The Payment!"

Digital Finance: Consumer Expectations and Today’s Digital Retail Reality

In last month’s article, “From the Fax Machine, to the future: Auto Finance Disruption Time is Here,” I revealed data that demonstrated how overdue...
On March 27, Ally Financial announced that Michael G. Rhodes will become it's new CEO, effective April 29, 2024 & will serve on its board.

Ally Financial names Michael G. Rhodes as new CEO

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On March 27, Ally Financial announced that Michael G. Rhodes will become the company's new CEO, effective April 29, 2024. At that point, Ally...

Hyundai makes $50 billion EV investment, Fisker cuts Ocean SUV prices,...

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Inside Automotive  Using data to get the most out of your digital marketing strategy — Colin Carrasquillo | Nielsen Automotive Group Digital marketing has become a...
Trust in self-driving vehicles plummeted in 2023 according to research from the AAA, following multiple high-profile traffic incidents.

Confidence in self-driving car safety plummets in AAA study

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More Americans felt less safe sharing the road with self-driving vehicles in 2023 than they did in 2022 after numerous reports of traffic incidents...
On March 12, GM announced Jens Peter "JP" Clausen, a former executive with Tesla, Lego, and Google, will succeed Gerald Johnson.

GM announces executive changes in manufacturing and software

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On March 12, General Motors (GM) announced changes in its top management. In the announcement, Jens Peter "JP" Clausen, a former executive with Tesla,...