Tag: auto industry news
Federal Reserve raises interest rates, says economy is ‘closer’ to end...
Although May 3 saw interest rates rise for the tenth time since March 2022, the Federal Reserve has seemingly adopted a new stance on...
Stellantis makes progress in Q1, sees easing semiconductor shortage
Higher prices and stabilizing supply chains allowed Stellantis to push first-quarter revenues and shipments ahead of their 2022 numbers.
The automaker reported net revenues of...
Ford sees sales, profits increase in Q1, but struggles with EV...
The first quarter brought stronger sales volume, cash flow and profits for American auto manufacturer Ford, according to its earnings summary released May 2.
The...
Shep Hyken’s top 3 ‘Golden Rules’ to improve the employee experience
Employee experience should be prioritized and invested in as it ultimately impacts your bottom line. Joining us on another episode of Inside Automotive is...
Lordstown may face bankruptcy after Foxconn threatens to withdraw funding
Lordstown Motors could face bankruptcy after allegedly breaching its contract with Taiwanese technology manufacturer Foxconn.
According to Lordstown's filing with the Securities and Exchange Commission...
Hyundai and Kia see sales growth over April, gain steam after...
Hyundai and Kia continued to see strong U.S. sales post-first-quarter, according to April sales reports released Tuesday, May 2.
Hyundai's monthly U.S. sales totaled 70,812...
Do manufacturers actually want to replace the franchise system? – Don...
Dealers are increasingly worried that the franchise system is under attack from major OEM brands, who may stand to gain more from a direct-sales...
New interest rate hike likely for May, but relief may still...
The Federal Reserve is set to deliberate another interest rate hike starting May 2 after inflation edged upward once more.
The increase would bring the...
Biofuel credits for EV makers could see delay under GOP-led resistance
The Biden Administration is considering a delay to a rule proposed by the Environmental Protection Agency (EPA), which would allow electric vehicle makers to...
March inflation increases 0.3%, in spite of interest rate hikes, bank...
Newly released economic data suggests that inflation increased in March, as predicted by market analysts.
The core personal consumption expenditures (PCE) price index captured a...
