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Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, the result of aggressive restructuring.

Carvana posts record-breaking Q1 profits after aggressive restructuring

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Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, underlining the impact of an aggressive restructuring effort over...
During a press conference on May 1st, the VP of Global Cadillac, John Roth, announced the company aims to offer a full range of EVs by 2030.

Cadillac VP aims to offer a full EV lineup by 2030...

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During a press conference on May 1st, the Vice President of Global Cadillac, John Roth, announced that while the company plans to continue selling...
The Federal Reserve left interest rates unchanged this week and expressed doubt that rate cuts would be implemented in the near future.

Federal Reserve leaves interest rates unchanged after worrying inflation trends

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The Federal Reserve left interest rates unchanged after its policy hearing on Wednesday, marking the central bank's sixth consecutive meeting without making any adjustments to its...
UAW Local 869 has announced a critical strike authorization vote set for Monday., addressing health, safety, and contractor grievances.

UAW Local 869 plans strike authorization vote over health and safety...

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UAW Local 869 has announced a critical strike authorization vote set for Monday. The vote will address health, safety, and contractor grievances at Stellantis'...
Ford University is a new platform aiming to boost knowledge proficiency amongst dealership sales teams through a high-tech education approach.

Ford University to boost employee engagement, fill knowledge gaps

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Ford's new training platform, Ford University, aims to leverage artificial intelligence and modernized education practices to boost dealership employee knowledge and prepare the retail...
Aftermarket service providers saws higher customer satisfaction scores in 2024, posing a challenge to dealer-operated service centers.

Aftermarket service shops see higher ratings in 2024

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Customer satisfaction with aftermarket service providers improved this year, intensifying the rivalry between franchised dealers and third-party repair and maintenance shops. After tracking a rating...
The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light trucks by 2029. 

NHTSA finalizes life-saving automatic emergency braking rule

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The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light...
Stellantis disclosed a 12% revenue decline to $44.7 billion for the first quarter of 2024 compared to the previous year. 

Stellantis earnings decline as sales stagnate in U.S.

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Stellantis disclosed a 12% revenue decline to $44.7 billion for the first quarter of 2024 compared to the previous year.  Stellantis attributed the dip to...
Isabel Casillas Guzman joins Inside Automotive to discuss the critical role the SBA plays in creating opportunities for entrepreneurs.

Driving entrepreneurial success with SBA Administrator Isabel Casillas Guzman

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On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Administrator Isabel Casillas Guzman, head of the U.S. Small Business Administration (SBA). The...
In this week's top automotive stories, AutoNation and Penske Automotive saw profits slide during the first quarter on weaker pricing.

AutoNation posts Q1 earnings, profitability slides

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AutoNation saw a slight improvement in quarterly revenue but struggled to maintain profitability due to price drops during the January-through-March period. The dealership group reported...