Tag: car business
Musk Sells $8.4B in Tesla shares after securing Twitter deal
Recent filings from the Securities and Exchange Commission indicate that Tesla Chief Executive Officer Elon Musk sold around $8.4 billion in Tesla shares. Records show he...
Elon Musk startup now valued at $5.6B, electric vehicle charging company...
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Create a pre-owned inventory investment strategy
Used car sales continue to rise month over month, starting with a three percent increase from January to February 2022 in Q1. In contrast,...
Nikola Tre BEV semi-truck begins production in Arizona
Recently, Nikola Corporation held an event to celebrate that it had started production of its Tre BEV (battery-electric vehicle) at its plant in Coolidge,...
Sonic Automotive reports powerful Q1 performance
Sonic Automotive Inc. released its first-quarter results on Thursday, which noted several record numbers across the board.
Quarterly revenues reportedly grew 28.7% year over year (YoY), reaching...
Volkswagen considers expanding Chattanooga plant to make room for EV production
According to an inside source, Volkswagen is currently exploring the possibility of expanding its plant in Chattanooga, Tennessee, to accommodate the production of an...
Cox Automotive expects a 20% drop in sales year-over-year for April
According to a report this week, Cox Automotive said that sales across all segments would fall in April and total around 1.23 million units, a...
CBT automotive newscast: April 29, 2022
Headlines:
Auto retailer Sonic Automotive released its first-quarter results yesterday, which noted several record numbers all across the board. Revenue for the quarter increased almost...
The 3 most vital elements of customer service today with Shep...
Shep Hyken, customer experience expert and New York Times best-selling author, recently released the 2022 Achieving Customer Amazement Study. This study surveys consumers to learn more about...
Auto sales slowed by limited inventory, but car dealers keep seeing...
April isn’t shaping up to be as busy as it was a year ago. Continuing to be plagued by only a trickle of new...