Tag: automotive news
Judge refuses to dismiss class action lawsuit targeting Tesla insurance arm
A California judge on Monday refused to dismiss a lawsuit targeting Tesla and its insurance arm, setting the company up for a difficult legal...
Top 3 sales strategies to drive holiday traffic to your dealership...
The holiday season is in full swing, meaning now is the time for dealers to implement the right sales strategies and drive traffic to...
M&A roundup: dealerships change hands in Virginia, California, Ohio and more
The most recent Q3 2023 Haig Report from buy/sell firm Haig Partners, highlights the robust demand for car dealerships. According to the report, 2023...
GM, Tesla react to Biden Admin’s new EV tax credit rules
Last week, the Biden Administration announced new electric vehicle tax credit guidelines, causing U.S. automakers to re-evaluate which models will qualify for the government's...
Honda scores November sales win but faces mounting regulatory pressure
While Honda and its subsidiary Acura continued to see strong U.S. sales in November thanks to sustained demand and an improving international supply chain,...
Hyundai reveals November sales surge, led by Santa Fe and IONIQ...
Hyundai Motor America has reported its highest-ever November sales, totaling 70,079 units, marking an impressive 11% increase compared to November 2022. This achievement extends...
Group 1 Automotive installs 10,000 solar panels on dealership rooftops
One of the largest car dealership groups in the United States, Group 1 Automotive, has taken a significant step towards sustainability by completing the...
The transformative role of AI in dealerships and the broader automotive...
Welcome back to the latest episode of The Future of Automotive, with Steve Greenfield, Founder and CEO of Automotive Ventures, where we put recent...
Weekly roundup: dealers confront Biden on EV policy, UAW expands unionization,...
Earlier this week: Thousands of U.S. dealerships, operating as "EV Voice of the Customer," expressed concerns to President Biden about proposed emissions standards in...
Ford reissues 2023 guidance, reveals $8.8 billion cost of labor deal
In its latest financial update, Ford Motor Company has reissued its 2023 guidance, a month after withdrawing it due to the ongoing labor strikes...