Tag: car business
Penske Automotive reports its most profitable quarter to date
Penske Automotive Group has reported its quarterly earnings for Q2 2022. According to a recent press release, Penske produced an all-time record for earnings...
Mercedes-Benz raises full-year guidance due to strong Q2 performance and robust...
CEO of Mercedes-Benz AG, Ola Kallenis, recently discussed how the company has a healthy number of orders and demand, even with limited supply. Mercedes-Benz is...
Group 1 Automotive Q2 revenues increase 14.3% compared to 2021
Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1...
CBT automotive newscast: July 28, 2022
Inside Automotive:
How Texas dealer Ben Keating is competing for market share amid tight supply conditions
Automotive dealers are challenged now, more than ever, with very...
6 car dealers committed to corporate social responsibility and community give...
Car dealers are widely known for their corporate social responsibility efforts, which can go a long way for car buyers looking for dealerships to...
Process Deviation – Finding the kinks in your garden hose
The fundamental question: How do we identify and fix bottlenecks in our recon process? Well, it starts with actually measuring the recon process. Google...
GM’s second-quarter net income decreases 39% from this time a year...
Despite revenue growth of 4.7% in the second quarter, General Motors on Tuesday announced a year-over-year decline in net income of almost 40% and stated that it...
Dept. of Energy to loan $2.5 billion to GM and LG...
The Department of Energy's Advanced Technology Vehicles Manufacturing Program (ATVM) was created by Congress under the administration of former President George W. Bush and has been...
Volkswagen begins US production of ID.4 Electric SUVs at Tennessee plant
The ID.4 electric crossover SUV is now being produced at Volkswagen's manufacturing facility in Chattanooga, Tennessee. It's the company's first electric vehicle to be built in a North...
LG Chem deal will supply General Motors cathode material for 5...
General Motors needs about 950,000 tons of cathode active materials (CAM) to reach its goal of becoming a carbon-neutral company by 2040. To get the...
