Tag: automotive industry
Edmunds’ Jessica Caldwell shares industry updates during these uncertain times
After the pandemic's peak, various contributing factors have transformed the automotive industry during the past few years. Jessica Caldwell, Edmunds' Executive Director of Industry...
Mississippi Gov. signs bill limiting how EV manufacturers can sell
A bill from Mississippi that prohibits EV manufacturers from selling their vehicles directly to consumers instead of through franchised dealers has been made law.
The...
5 notable automotive M&A deals in the first months of 2023
With dealership and OEM profits relatively high, increased consumer demand, and an uptick in retirees who are closing or selling their dealerships, M&A activity...
GM considers implementing ChatGPT in future vehicles
Virtual assistants in General Motor vehicles may soon be powered by the AI language models behind OpenAI's ChatGPT. According to a GM executive, the...
Rivian seeks to end exclusivity in electric van deal with Amazon
Amazon and Rivian Automotive are currently discussing renegotiating the exclusivity agreement of their electric-van contract after the online retailer's order for 2023 came in...
GM wants to cut more jobs and save costs through voluntary...
General Motors CEO, Mary Barra, informed staff on March 9 that additional job cuts will be made, but this time it will be voluntary....
31% of new vehicles were sold above MSRP last month
According to a recent study, the average price of a new car in February was $45,296 as opposed to the average manufacturer's suggested retail...
S&P Global reduces Nissan’s credit rating to junk
S&P Global Ratings downgraded Nissan’s credit rating to junk, dealing a setback to the carmaker that has battled to increase profitability in the years...
Shares drop as Rivian prepares to sell $1.3 billion in bonds...
As lackluster demand and high expenses tighten a cash grip around electrical car companies, Rivian Automotive announced on March 6 that it aims to...
Rivian reveals to staff that it can outpace production targets in...
As part of a “Product Master Plan” for 2023, Rivian released a production forecast of 50,000 vehicles that doubled the output achieved last year...
