Tag: auto industry
Lion Electric Company plans to help school districts procure electric buses
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
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...
Musk Sells $8.4B in Tesla shares after securing Twitter deal
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...
Nikola Tre BEV semi-truck begins production in Arizona
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 reports powerful Q1 performance
Sonic Automotive Inc. released its first-quarter results on Thursday, which noted several record numbers across the board.Â
Quarterly revenues reportedly grew 28.7% year over year (YoY), reaching...
Volkswagen considers expanding Chattanooga plant to make room for EV production
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
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
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...
Special Edition: Hugh Hathcock makes $12.6M game-changing donation to University of...
Dealers and vendors within the retail automotive industry have always been known for giving back to their communities and charities in an effort to...
Auto sales slowed by limited inventory, but car dealers keep seeing...
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...