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General Motors invests additional $81M in Cadillac Celestiq manufacturing
General Motors announced that Cadillac designers and engineers are working together with an increased budget of $81 million to build around 100 exclusive Cadillac...
CBT automotive newscast: June 15, 2022
Inside Automotive:
Chief Economist Jonathan Smoke breaks down findings from Cox Automotive's Q2 Dealer Sentiment Index
Cox Automotive recently released its Q2 Dealer Sentiment Index, which provides...
CBT automotive newscast: June 9, 2022
Inside Automotive:
What could Ford CEO Jim Farley's operational shakeup mean for car dealers? - Brian Pasch
While speaking at the 2022 Alliance Bernstein Strategic Decisions...
Suppliers get creative to battle raw materials and semiconductor shortages
The Russia-Ukraine War and the lingering impact on production cycles due to COVID-19 are still influencing the supply of new automotive vehicles. Materials like...
Samsung SDI and Stellantis to build EV battery plant in Indiana
South Korea-based Samsung SDI and Stellantis N.V. announced this week they would be entering into a joint venture to build a lithium-ion battery production plant in...
CBT automotive newscast: May 23, 2022
Inside Automotive:
Dealer Chris Saraceno on business today: 'We have to focus on what we can control'
Despite rising interest rates, inflation, and concerns about vehicle...
Average gas prices surge above $4 per gallon—how will car buyers...
Long weekend travel is going to cost even more this year. Consumers will be doing a double-take at the pumps as they fill up...
Rivian stock drops after report says Ford will sell shares
Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate...
Lordstown Motors announces $90M loss and stalled Foxconn deal for Q1
Ohio-based Lordstown Motors released its first-quarter results on Monday, which reported a loss of $90 million and total available remaining cash of $203 million. The company...
Lucid Group releases Q1 results, says prices will rise in June
Lucid Group released its first-quarter results last week, which showed the luxury electric automaker brought in $57.7 million in revenue and delivered 360 vehicles to its...