Tag: automotive industry news
Tesla CFO steps down amidst falling margins and electric vehicle price...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the...
Used vehicle sales rise in July as prices and inventory decline
Used vehicle sales increased in July as customers prioritized affordable car prices and inventory normalized from 2022's tumultuous market conditions.
According to Cox Automotive data,...
UAW to demand 46% pay increase, Big Three car manufacturers respond
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues contract negotiations with car manufacturers...
Fisker scores positive margin on electric vehicles but lowers production goal
Fisker has reduced its annual production guidance for 2023 following a complicated second quarter for the electric vehicle brand.
The car manufacturer earned only $825,000...
Pricing trends in the used EV market that dealers must consider
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder, and CEO of Automotive Ventures, where I put recent automotive and...
Weekly roundup: UAW shares member demands, Tesla faces class action lawsuit,...
Earlier this week: United Auto Workers president Shawn Fain revealed the list of UAW member demands to the Detroit Three. Three California Tesla owners...
Closer look | autonomous vehicles and the uncharted road of data...
The recent congressional hearing on July 26, 2023, reported in Reuters, opened new horizons in the U.S. journey towards autonomous vehicles (AVs). While the session...
Hyundai breaks monthly electric vehicle sales record with IONIQ 5
Hyundai broke its monthly sales record for the IONIQ 5 over the course of July, solidifying the automaker's small but steadily growing presence in...
New Subaru ad promotes Black and Deaf inclusivity, targets nature-lovers
Subaru has released a new advertisement celebrating nature and promoting its partnership with the National Park Foundation.
The emotional, minute-long video, titled "A Beautiful Silence,"...
Declining customer satisfaction and what dealers should do — Kristin Kolodge...
Overall satisfaction with new vehicles is declining, according to the recently released U.S. Automotive Performance, Execution and Layout (APEAL) study released by J. D....
