Tag: car dealers
Carvana weighs legal options after Judge denies TRO request against Michigan
A Michigan Court of Claims judge denied a request from Carvana to grant a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending operations at...
Toyota rolls back 2022 production targets due to global chip shortage
Toyota announced it will likely miss its annual vehicle production target due to the ongoing global semiconductor shortage. The company also said it has...
General Motors considers adding midsize electric pickup to Hummer line
According to sources familiar with the matter, General Motors might consider adding an electric midsize pickup truck to its Hummer lineup, Bloomberg reports.
The sources,...
OEMs roll out more franchise dealer mandates to sell EVs
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Tesla reports Q3 revenue of $21.45 billion, economic headwinds cutting into...
Tesla announced its third-quarter earnings this week, reporting financial results that set new company records but still fell short of Wall Street expectations.
The electric...
Lithia Motors third-quarter earnings miss expectations, revenue increases 18%
Lithia Motors reported its highest third-quarter revenue results and earnings per share in the company’s history. Revenue increased 18% to $7.3 billion compared to $6.2...
Biden Admin awards $2.8 billion to support EV battery production in...
The Biden administration announced it is awarding $2.8 billion in grants for projects in the United States that will help expand the manufacturing of electric...
BMW plans $1.7 billion investment in US electric vehicle production
BMW Group plans to invest $1.7 billion in its US operations to build electric vehicles and batteries. $1 billion is earmarked for the automaker's existing...
DriveCentric and NCC announce new integration and partnership
Austin, TX October 20, 2022 — National Credit Center (NCC), a leading provider of credit, soft pulls, identify verification, and compliance solutions is pleased...
Carroll Shelby’s ever-lasting influence on the automotive industry
Among auto enthusiasts, there are few names as legendary as Carroll Shelby, a pioneer in vehicle performance. Over the years, Shelby's accomplishments include helping...