Tag: automotive industry
China’s SAIC allegedly plans layoffs at GM, VW joint ventures after...
State-owned Chinese automaker SAIC Motors may be planning to lay off a significant portion of its General Motors and Volkswagen joint-venture staff, in addition...
Tesla hikes Model Y price as Q1 sales report looms
Tesla has raised prices across its Model Y lineup as the company braces for the release of its quarterly sales report.
All Model Y trim...
Ford to mark Mustang’s 60th birthday with special event
Ford is celebrating the Mustang's 60th birthday next month with a special event and a new trim level for dedicated fans.
The Ford Mustang will...
New vehicle sales surge in first quarter on affordability return
New vehicle sales are projected to surge in the first quarter on the backs of improved affordability and stable consumer demand.
Edmunds predicts a total...
Why the used vehicle market is changing dealership inventory strategies —...
The used vehicle market is under close scrutiny as it adjusts to changing consumer preferences and evolving inventory levels. What can dealers expect from...
High stakes as new EV makers burn cash and seek lifelines
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
Automotive weekly roundup: Nissan targets growth, online sales rise, Hyundai Invests...
Earlier this week: Nissan plans to boost sales by 1 million units and slash EV costs through its "Arc" strategy by 2027. CarGurus reports...
Dealer Jack Kain, former NADA chair, passes away at age 94
Jack Kain, legendary Ford dealer, founder of Kain Family Ford, and former Chairman of the National Automobile Dealers Association (NADA), passed away March 26,...
Fisker aggressively cuts Ocean SUV prices, looks to avoid bankruptcy
Electric vehicle startup Fisker is making aggressive price cuts across its 2023 Ocean SUV lineup as it grapples with an increasingly dire financial situation...
Hyundai “doubling down” on electrification with $50 billion investment
Hyundai Motor Group will invest $51 billion to increase the scale of its electric vehicle operations, "doubling down" on the battery-powered car segment even...
