Tag: automotive industry
Toyota crosses reduced production target, but stays quiet on new guidance
Toyota passed its fiscal-year production target of 9.1 million vehicles in March, but spoke cautiously on the year ahead.
On April 27, The automaker revealed...
Tesla’s growing inventory at odds with recent price cuts
Tesla's inventory in the U.S. has reached a new high, indicating that recent price cuts from the EV maker might not be doing enough...
Group 1 Automotive beats Q1 revenue forecast, but sees net income...
Group 1 Automotive reported a revenue of $4.13 billion for the first quarter, beating forecasts and setting a new record for the period.
A Zacks...
Why dealer transparency is key to healthy OEM relations — Peter...
Tensions between OEMs and retailers have never been more strained, but could both sides benefit from simply taking a step back and re-examining their...
Closer Look: Digital security and proprietary access for CDPs
On the last episode of Auto Marketing Now, host Brian Pasch, founder of PCG companies and auto marketing expert, discussed how marketing automation platforms...
Stellantis offers 3,500 employee buyouts to make way for EVs
Stellantis is looking to reduce its hourly workforce by as many as 3,500 employees through buyouts.Â
Last week, Shawn Fain, the recently elected president of...
Penske Automotive reveals record revenue and sliding profits in Q1
Penske Automotive published its first-quarter performance numbers on Wednesday April 26, revealing some disquieting financial results on top of record-breaking revenue.
According to the dealership...
Honda teases mystery EV, reveals new 2024 Prologue SUV details
On April 26, Honda revealed additional details for its upcoming electric vehicle lineup including the 2024 Prologue and an unnamed model planned for 2025.
Honda...
Global EV sales expected to climb 35% in 2023, IEA reports
In a report by the International Energy Agency (IEA), EV sales increased to 10 million last year, with China accounting for approximately 60% of...
Affordability, EVs, and digital retailing: Q1 performance sheds new light on...
As the industry adapts to an unfamiliar automotive landscape, what new challenges will dealers need to face? On this episode of Inside Automotive, Brian...