Tag: automotive news
Weekly roundup: Carvana’s Q1 results, Tesla’s new lithium refinery, Group 1...
Earlier this week: Tesla CEO Elon Musk was joined by Texas Governor Greg Abbott during a ground-breaking ceremony for a brand new lithium refinery,...
The influence of over-the-air updates on connected vehicles
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder, and CEO of Automotive Ventures, where I put recent automotive and...
Group 1 brings three new dealerships on board, expands Texas presence
Group 1 Automotive revealed the acquisition of three dealerships in Texas on May 8, 2023, as it continues to ramp up its growth efforts.
In...
Carvana beats expectations in Q1, narrows losses in bid for profitable...
Used car retailer Carvana has released its first-quarter earnings report and revealed a quarterly loss of $1.51 per share, resulting in an earnings surprise of...
UAW won’t endorse Biden without EV promises, calls Trump re-election a...
The United Auto Workers (UAW) union is refusing to endorse President Biden's reelection campaign until his administration addresses concerns arising from the electrification of...
April U.S. auto sales see solid year-over-year gains
April 2023 is a tale of two stories. One indicates that buyers are continuing to benefit from increased inventory offerings, while the other shows...
Lordstown may face bankruptcy after Foxconn threatens to withdraw funding
Lordstown Motors could face bankruptcy after allegedly breaching its contract with Taiwanese technology manufacturer Foxconn.
According to Lordstown's filing with the Securities and Exchange Commission...
March inflation increases 0.3%, in spite of interest rate hikes, bank...
Newly released economic data suggests that inflation increased in March, as predicted by market analysts.
The core personal consumption expenditures (PCE) price index captured a...
April U.S. auto sales poised to rise on improving inventory levels
According to a joint auto sales forecast from J.D. Power and LMC Automotive, total new-vehicle sales, including retail and non-retail transactions, are expected to...
The Presidio Group advises Flow Automotive Companies on purchase of eight...
AUSTIN, TX — April 18, 2023 — The Presidio Group LLC (“Presidio”), an independent merchant banking firm focused on mergers and acquisitions, capital raising,...
