Tag: automotive industry news
Ferrari limits wild customizations to protect brand image and resale value
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...
Weekly roundup: Asbury expands, Trump’s auto tariffs, Ford delays F-150
Earlier this week: Asbury Automotive acquired 33 dealerships from Herb Chambers Companies. Trump targets auto imports with new tariffs by April. Ford delays next-gen...
Mercedes-Benz announced plans to cut costs and expand its lineup
Mercedes-Benz is doubling down on cost-cutting measures and shifting its focus toward combustion engine vehicles as it faces a challenging financial outlook. The German...
Trump admin blocks New York’s congestion pricing plan
The Trump administration has revoked federal approval of New York’s congestion pricing tolls, effectively halting the program just one month after its implementation. U.S....
NHTSA awards Tesla’s Cybertruck five-star safety rating
The Tesla Cybertruck has officially earned a five-star overall safety rating from the U.S. National Highway Traffic Safety Administration (NHTSA), confirming its strong crash...
Carvana beats Q4 estimates, projects strong growth for 2025
Carvana exceeded Wall Street’s fourth-quarter sales and earnings expectations but saw its stock drop following the announcement. Despite strong financial performance, shares fell 8.3%...
Wholesale used-vehicle prices dip in February, EVs see steeper declines
Wholesale used-vehicle prices declined in the first half of February, with the Manheim Used Vehicle Value Index falling to 203.3—down 0.2% from the full...
S.C. dealers secure victory as lawmakers reject Scout Motors’ sales model...
A South Carolina bill that would have allowed Volkswagen’s Scout Motors to bypass the traditional franchise dealer system has been halted in a unanimous...
Cox Automotive’s Marianne Johnson on AI’s growing impact in retail automotive
The buzzword for the automotive industry in 2024 and a prominent focus at the 2025 NADA Show was artificial intelligence (AI). However, AI isn't...
Dave Cantin Group announces strategic partnership with CNCDA
NEW YORK, Feb. 19, 2025 (GLOBE NEWSWIRE) -- The Dave Cantin Group (DCG), a leading mergers and acquisitions advisory company to retail automotive groups and their...