Tag: automotive industry news
Morgan Automotive Group makes M&A history with purchase of Al Hendrickson...
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This week, Haig Partners served as the exclusive sell-side advisor for the most expensive dealership purchase in history with the sale of Al...
Tesla takes top four spots in Cars.com American-made study
Tesla's status as one of the top U.S. car manufacturers received a boost on June 21, when its entire electric vehicle lineup dominated the...
Stellantis invests $325 million into 10 sustainable mobility startups
Stellantis Ventures, the investment arm of the automotive giant, has made significant financial commitments to fuel the growth of 10 startups and a mobility...
Weekly roundup: GM’s new EV battery plant, direct-to-consumer sales banned in...
Earlier this week: General Motors announced that it will follow Ford's lead and adopt Tesla's North American Charging Standard. Florida Governor and presidential hopeful...
New vehicle affordability improved in May despite higher prices and interest...
In May, the affordability of new vehicles experienced a slight improvement compared to previous months, according to new data from Cox Automotive. This positive...
Retail sales rose 0.3% in May, beating analyst expectations
Despite the challenges posed by persistent inflation and rising borrowing costs, Americans increased their spending at retailers in the month of May.
According to the...
How car dealers found success in a complicated first-quarter
With the arrival of summer drawing ever closer, car dealers are anxious to know where the auto industry stands and where it will go...
Weekly roundup: First look at the 2024 Acura ZDX, study claims...
Earlier this week: General Motors announced plans to invest more than $1 billion into two Michigan plants to produce its next-generation EV pickups. The...
Ford wins the subscription services game, while CEO Farley mulls over...
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context...
Hyundai and LG Energy Solutions unite to build $4.3 billion EV...
In a significant stride toward cleaner energy initiatives, Hyundai and LGES have announced their joint plans to establish a cutting-edge electric vehicle (EV) battery...
