Tag: automotive industry
Judge hears final arguments in Elon Musk trial over $56 billion...
On February 21, attorneys for Elon Musk, and Tesla investor Richard Tornetta, presented their closing arguments in a trial concerning the Tesla CEO's $56 billion...
MSRP price changes: Why they could be a ‘win-win’ for dealers...
Many industry analysts speculate that Tesla's recent price reductions on their vehicle lineup, signals the beginning of a price war with rival automakers. On...
Why this dealer expects the industry to adjust to economic challenges...
As the year progresses, auto dealers will need to monitor and adjust their business practices to fit the modern landscape. On this episode of...
Ram stops taking reservations after 1500 REV sells out in 5...
Ram ended reservations for its 1500 REV pickup truck just five days after the order books opened. Ram is certainly attempting to generate buzz...
Used car prices are rising once again after a prolonged decline
For majority of last year, used car prices slowly and drastically declined. Unfortunately for consumers, that may soon change.
According to Manheim, the largest wholesale...
Founder of VinFast’s parent company vows to stop investing personal funds...
For EV startups, it's a challenging world. Many are battling to stay afloat as expenses soar, financing becomes more difficult to come by, and...
S&P Global Mobility enhances data and product offerings with acquisition of...
SOUTHFIELD, MICH., February 16, 2023 — S&P Global Mobility has announced the acquisition of Market Scan Information Systems, Inc., a leading provider of automotive pricing...
Ford cuts Rivian stake by about 1%, predicting a difficult year...
A week after the Detroit automaker revealed a decline in profit and forecasted a challenging year, Ford reduced its share in struggling EV manufacturer...
Cox Mobility’s holistic approach to EV battery solutions — Joe George...
With over 500 vendors discussing the need to support dealers in the context of digital retail, the growth of the digital realm has led...
Certain models of Lucid’s Air luxury vehicle will qualify for a...
Lucid announced that owners of certain Air electric luxury sedans will be entitled to a $7,500 credit. However, Lucid will be responsible for paying...