Tag: automotive industry
GM to stop making Chevy Bolt after increasing 2023 guidance
Coming off one of its most successful quarters, General Motors has revised its 2023 guidance to account for greater earnings and revenue than it...
GM and Samsung partnership announces new $3 billion U.S. battery cell...
General Motors and Samsung SDI have announced they are partnering to build a new $3 billion battery cell factory in the U.S. to power...
Hyundai expands its U.S. operations with $5 billion EV battery plant
To boost Hyundai’s electrification efforts, the Korean automaker announced on April 25 that it finalized plans for a $5 billion EV battery plant in...
Tesla surpasses 4 million in cumulative global sales
According to a new global sales analysis, Tesla has completed an important objective on its path to becoming a prominent international brand.
The study, conducted...
NADA President Mike Stanton on building bridges between OEMs and dealers
The role dealers play in shaping the future of the car business is more essential than ever, but do manufacturers see it that way?...
VADA President Don Hall talks EVs and warranty service: ‘We can...
Don Hall, president and CEO of the Virginia Automobile Dealers Association, is one of the industry's most recognized thought leaders, often leading the charge...
Tesla shareholders publish open letter calling for directors to reign in...
On April 21, shareholders penned an open letter to Tesla's board of directors, criticizing CEO Elon Musk and urging company leaders to focus their...
Former GM President and civic leader Lloyd Reuss dies at 86
Lloyd Reuss, former president of General Motors and devoted civic leader, passed away on April 21, 2023, at age 86. At 36 years old, Reuss...
GM recalls over 40,000 Chevrolet trucks over fire-causing brake fluid leak
General Motors is recalling over 40,000 Chevrolet trucks after discovering a potential fire hazard in certain models.
The recall affects 40,428 Silverado pickups built between...
How Honda dealers are preparing for the future of automotive retailing...
Honda's U.S. Segment is off to a strong start in 2023, with record-breaking EV sales and impressive year-over-year growth for the first quarter. But...
