Tag: industry news
Tesla hits $1 trillion following Trump’s election victory
On Friday, Tesla's market cap made a historic leap, surpassing the $1 trillion mark again following Donald Trump's victory in the 2024 Presidential elections....
Musk’s $119 million support for Trump could reshape auto policy
Elon Musk reportedly contributed a whopping $119 million to a pro-Trump group. Although he first publicly endorsed Donald Trump on July 13, his support for the...
GM fires 500 employees, cites performance evaluations
General Motors is unexpectedly terminating 500 staff members after concluding a round of performance evaluations.
These terminations seemingly conflict with recent statements made by the...
How relations between OEMs and dealers are changing in 2023
The relationship between dealers and OEMs is one of the industry's most discussed topics. While spats between manufacturing and retail are nothing new, the...
Buick retailers refuse new EV rules, sell dealerships back to company
Buick retailers are apparently refusing to comply with the automaker's EV rules.
Earlier this year, the GM subsidiary had notified dealers of the eligibility requirements...
Biden hopes to improve smog, makes new update to truck emission...
The Biden Administration has announced new clean air standards which target heavy-duty truck emissions.
Although the rule change won't take effect until 2027, it is...
Citigroup shows tentative support for auto-retailer Carvana
As analysts struggle to predict the future of the auto-retailer, Citigroup has labeled Carvana's stock as "neutral."
The brand saw massive profits in 2021 as...
AutoNation to expand after-sale products with RepairSmith purchase
On Monday, one of the country’s largest automotive retailers, AutoNation, announced the acquisition of maintenance company RepairSmith to boost its after-sale options.
The purchase is...
Used-car market floundered in 2022, according to Cox report
A new Cox Automotive report reveals that the used-car market continually shrunk throughout 2022.
Using the Manheim Used Vehicle Value Index, Cox Automotive's preferred tool...
CBT News marks the passing of Jim Ellis, local automotive star...
Jim Ellis, a well known face in the auto industry, passed away last week on December 9, 2022.
The family reported that he died peacefully...
