Tag: automotive news
Toyota raises profit forecast on strong hybrid, U.S. sales
Toyota raised its annual earnings forecast for 2023 after besting analyst expectations in the third quarter.
The Japanese automaker generated roughly $11.3 billion in operating...
Honda recalls 750,000 vehicles over airbag risk
Honda is recalling more than 750,000 vehicles in the U.S. over defective sensors that can cause airbags to deploy when a child or small...
How Toyota dealers are keeping revenues stable in the wake of...
On this episode of Inside Automotive, host Shyann Malone is joined by Shawn Vaughan, owner and CEO of Vaughan Automotive and owner of Mike...
Rita Case named TIME Dealer of the year at 2024 NADA...
Rita Case, dealer principal, CEO, and president of Rick Case Honda and CEO of the Rick Case Auto Group, was named the winner of...
Fed chair Powell foresees interest rate cuts in 2024 but not...
Federal Reserve Chair Jerome Powell confirmed that the economy remains on track to avoid a recession and allow for interest rate cuts later in...
Stellantis dispels rumors of merger with France’s Renault
Stellantis leadership has dismissed rumors of a potential consolidation with French automaker Renault following a media report claiming France's government was weighing a merger...
Ford forced to suspend F-150 production over supplier issues
Ford temporarily suspended 9,700 union workers while it resolved supplier challenges disrupting 2024 f-150 and f-150 lightning manufacturing.
The issue caused closures at the Kansas...
Group 1 Automotive posts record-high profits for 2023, will cut U.K....
Dealership conglomerate Group 1 Automotive reported record-breaking earnings for 2023 but expects to downsize its U.K. workforce in an effort to improve cost efficiency.
The...
Preparing your dealership for the 2024 car market — Tyson Jominy...
On this episode of CBT Now, host Jim Fitzpatrick is joined by Tyson Jominy, vice president of data and analytics at J.D. Power, to...
Trump, Fain trade criticisms following Biden endorsement from UAW
United Auto Workers (UAW) president Shawn Fain and GOP candidate Donald Trump traded insults following the union's official endorsement of President Joe Biden's re-election...
