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EV startups post Q4 losses, UAW to spend $40 million, new...

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  Top Stories Three electric vehicle startups, Lucid, Rivian, and VinFast, posted their fourth-quarter results this week amidst a backdrop of souring forecasts on the battery-powered...
Stellantis will adopt Tesla's NACS in future EVs but has yet to clarify whether drivers will have access to the Supercharger network.

Stellantis adopts NACS, skips deal with Tesla for Supercharger access

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Stellantis has confirmed it will adopt the North American Charging Standard (NACS), making it the last major automaker to adopt the Tesla-developed electric vehicle...
Tesla has a history of layoffs, and its CEO, Elon Musk, is known for initiating them not just at the EV maker but at other companies like at X

Tesla employees face potential round of layoffs

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Tesla may be gearing up for a round of layoffs, according to a recent Bloomberg report.  According to those acquainted with the situation, U.S. supervisors...

Judge dismisses Tesla’s pay package, GM cancels electrification strategy, Trump criticizes...

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Inside Automotive  How dealers can navigate the accelerating industry – Steve Greenfield | Automotive Ventures On CBT News, Steve Greenfield, the CEO and Founder of  Automotive Ventures,...
Tesla is recalling nearly 200,000 vehicles to repair a glitch that could cause drivers to lose visibility when backing up.

Tesla recalls 2023 Model X, S, Y over rearview camera software...

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Tesla is set to recall roughly 200,000 vehicles in the U.S. to patch out a software error that could limit driver visibility. According to the...
Tesla generated $7.9 billion in net income in the final months of 2023, clouding profitability expectations for the coming months.

Tesla Q4 earnings plunge 40% despite revenue, sales gains

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Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts...
Tesla saw its market valuation drop 12% in the first days of 2024 as clouding sentiments on the electric vehicle market worry investors.

Tesla market valuation sheds $94 billion in first weeks of 2024

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Tesla saw its market valuation shed $94 billion over the first two weeks of 2024, marking one of the sharpest share price drops in...
New car prices continued to fall in December as auto market conditions shift to favor buyers over sellers.

New car prices dip in December as buyer’s market returns

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New car prices continued to fall in December as the automotive market remains on track to hit pre-pandemic norms in the near future. According to...
While always maintaining humility and charisma, Lee Iacocca transformed the auto industry and encouraged dealers to cultivate innovation.

5 lessons learned from Lee Iacocca’s insights on leadership and innovation

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While most people have heard of innovation gurus of today such as Tesla’s Elon Musk, some may not know about one of the most...

GM buys out dealers, Daihatsu halts shipments, dealer legend dies

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CBT Now Data shows a decline in average auto loan amounts: What it means for dealers – Melinda Zabritski | Experian Experian has released new data showing...