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Lion Electric

Lion Electric Company plans to help school districts procure electric buses

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Lion Electric Company said last week that it has plans to help school districts around the United States receive the funding needed to obtain zero-emissions...

CBT automotive newscast: May 2, 2022

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Inside Automotive: How car dealers can drive more customers to their inventory with Google vehicle ads Google is making things a little easier for car dealers...
Elon Musk

Musk Sells $8.4B in Tesla shares after securing Twitter deal

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Recent filings from the Securities and Exchange Commission indicate that Tesla Chief Executive Officer Elon Musk sold around $8.4 billion in Tesla shares. Records show he...
Tre BEV

Nikola Tre BEV semi-truck begins production in Arizona

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Recently, Nikola Corporation held an event to celebrate that it had started production of its Tre BEV (battery-electric vehicle) at its plant in Coolidge,...
Sonic Automotive

Sonic Automotive reports powerful Q1 performance

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Sonic Automotive Inc. released its first-quarter results on Thursday, which noted several record numbers across the board.  Quarterly revenues reportedly grew 28.7% year over year (YoY), reaching...
Volkswagen

Volkswagen considers expanding Chattanooga plant to make room for EV production

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According to an inside source, Volkswagen is currently exploring the possibility of expanding its plant in Chattanooga, Tennessee, to accommodate the production of an...

Cox Automotive expects a 20% drop in sales year-over-year for April

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According to a report this week, Cox Automotive said that sales across all segments would fall in April and total around 1.23 million units, a...

CBT automotive newscast: April 29, 2022

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Headlines: Auto retailer Sonic Automotive released its first-quarter results yesterday, which noted several record numbers all across the board. Revenue for the quarter increased almost...
Hugh Hathcock

Special Edition: Hugh Hathcock makes $12.6M game-changing donation to University of...

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Dealers and vendors within the retail automotive industry have always been known for giving back to their communities and charities in an effort to...
car dealers

Auto sales slowed by limited inventory, but car dealers keep seeing...

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April isn’t shaping up to be as busy as it was a year ago. Continuing to be plagued by only a trickle of new...