Tag: auto industry news
DOJ further investigates Tesla for possible securities, wire fraud
According to an exclusive Reuters report, U.S. prosecutors are investigating whether Tesla committed securities or wire fraud by deceiving investors and customers about its...
GM halts Chevrolet Malibu production for electric future, invests $390M in...
On May 8, General Motors announced that it would stop making the gasoline-powered Chevrolet Malibu later this year to focus on building new electric...
Discover AI’s impact on the industry and what it means for...
We've seen the expanding role of AI in our daily lives as well as within the retail automotive industry. On the latest episode of...
Understanding the fundamental principles behind business successÂ
To make their business successful, entrepreneurs must always be willing to learn new approaches and perspectives that can enable them to drive efficiency and productivity....
How real-time data is empowering dealers to manage inventory more efficiently
In today’s market, stocking your dealership’s lot with the right inventory is crucial and has a direct impact on overall dealership profits and success...
Wholesale used vehicle prices dip in April as retail sales cool
Wholesale used vehicle prices in April continued declines observed throughout the first quarter, with retail sales taking a hit as tax season drew to...
Toyota lukewarm on earnings guidance despite record-breaking profits
Toyota reported record-breaking profits for the fiscal year ending March after a massive surge in hybrid demand but set cautious earnings expectations for the coming months,...
Honda to launch self-driving taxis in Japan by 2026
Honda Motor is collaborating with taxi companies to deploy self-driving taxis in Japan.
According to a report by Nikkei Asia, the automaker will provide...
UAW members authorize strike at Stellantis plant over safety concerns
United Auto Workers (UAW) members have voted to authorize a strike at Stellantis' Michigan stamping plant if talks between company leadership and union officials...
Lucid losses narrow in first quarter despite price cuts
Lucid's first-quarter earnings revealed positive shifts for the fledgling brand, with most financial metrics improving despite a global cooldown in battery-powered car demand.
The electric...