Tag: car business
CBT automotive newscast: July 27, 2022
Inside Automotive:
Buy/sell expert Alan Haig on buyer confidence and industry consolidation
Are you wondering if now is the time to sell your car dealership or...
Should your service department consider using automated vehicle inspections?
The automotive industry is evolving rapidly, and with that comes changes in how dealerships operate. In particular, automated vehicle inspections are changing the game...
Georgia gives $1.8 B in tax breaks to Hyundai to build...
According to a signed agreement made public late last week, the state of Georgia and local governments will provide Hyundai Motor Group with $1.8...
SEC once again subpoenas Tesla over Musk’s go-private tweet
In a quarterly regulatory filing released on Monday, Tesla stated that the company has been served with a fresh subpoena by the U.S. Securities...
VW CEO Herbert Diess will step down at the end of...
Volkswagen confirmed on Friday that current CEO Herbert Diess would be leaving his post at the end of August. Taking over for Diess on...
Ford reportedly laying off 8,000 employees in preparation for EV expansion...
Ford is considering significant staff reductions as the automotive industry transitions to electric vehicles. Ford is preparing to lay off 8,000 salaried employees, or...
CBT automotive newscast: July 26, 2022
Inside Automotive:
Exclusive: New Lordstown Motors CEO Edward T. Hightower shares major plans for EV fleet buyers
Lordstown Motors has a new CEO and the announcement...
Rivian teases further expansion into commercial EV market
According to CEO RJ Scaringe, Rivian Automotive is working on a broader range of electric commercial cars in a variety of designs and anticipates...
High gas prices shrink gap between EVs and gas-powered cars in...
The recently released J.D. Power 2022 U.S. Automotive Performance, Execution and Layout (APEAL) study revealed that battery electric vehicle owners are less satisfied with charge...
Lithia Motors Q2 earnings miss estimates, used vehicle revenues increase 39%
Leading automotive retailer Lithia Motors reported its second-quarter earnings late last week, just missing the estimates from Zack's Investment Research. New vehicle revenue reached...
