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Vroom

Vroom customers highly unsatisfied with retailing experience

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Online automotive retailer Vroom is facing scrutiny from thousands of customers who are unsatisfied with the company’s business practices, and legal action has now...
inflation

U.S. adults are changing financial decisions due to inflation, according to...

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According to a recent report from First Insight, a staggering 97% of 1,000 U.S. adults surveyed indicated they are shifting their financial decisions to accommodate high...
U.S. Department of Energy

U.S. Department of Energy allocates $45M to EV battery development

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The U.S. Department of Energy announced this week that it would be allocating $45 million to develop electric vehicle batteries that will be more affordable and...

CBT automotive newscast: May 6, 2022

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Inside Automotive: Adam Marburger shares valuable F&I tips and key ideas from his brand new book Do you get in your own way? It can be...

Florida dealer AJ Hiers on the future of the franchise dealership...

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Is the franchised dealer structure coming under attack? Today on Inside Automotive, we’re pleased to welcome AJ Hiers, President of Boniface Hiers Automotive Group...
Volvo

Volvo announces a 25% drop in sales for April

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Volvo Car Group said this week that its sales for April totaled 47,150, down 24.8% year-over-year. Overall, sales dropped 47.8% in China, U.S. sales fell by...
Apple

Apple hires former Ford director for self-driving vehicle development

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Sources told Bloomberg this week that Apple Inc. has hired Desi Ujkashevic to help the tech giant on its so-called Apple Car Project, which aims to develop a...
Aston Martin

Head of Aston Martin steps down, ex-Ferrari CEO to take over

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According to a Bloomberg report this week, Aston Martin Lagonda Global Holdings Plc's current Chief Executive Officer, Tobias Moers, will no longer be with the company after...
Lyft

Lyft shares drop due to driver incentives and Q2 projections

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Lyft shares dropped 25% this week after the rideshare service released its first-quarter results and announced it would likely not reach Wall Street's expectations for the...

CBT automotive newscast: May 5, 2022

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Inside Automotive: Florida dealer AJ Hiers on the future of the franchise dealership model Is the franchised dealer structure coming under attack? Today on Inside Automotive,...