Tag: industry news
Around 95,000 unfinished vehicles sit idle at GM facilities
General Motors is a sitting duck as they wait for important parts and materials to repair and develop more vehicles. As a result, one...
As EV production lags, Tesla owners are flipping their cars for...
Tesla owners are getting more than their money's worth by flipping their electric vehicles and generating estimated profits between $2,000 to $7,000. These opportunists...
GM is only producing 12 Hummer EVs per day, reservations near...
With almost 80,000 people on the waitlist, General Motors is struggling to keep up with the demand for its new electric Hummer. GM is...
June auto sales down from 2021, General Motors reclaims crown from...
Automakers are starting to report their monthly sales results for June and the second quarter. General Motors' light-vehicle sales fell 15% in Q2 as...
Michigan lawmakers grant Ford $101M incentive package to boost manufacturing and...
Michigan state legislators approved a $101 million incentive package for Ford Motor Company for a project expected to generate 3,030 jobs and $1.16 billion...
Consumer spending increases, inflation eases slightly in May
According to a Commerce Department gauge used by the Federal Reserve, the rate of inflation during May was consistent and while it did rise,...
Stellantis calls for EV affordability, warns high prices could collapse market
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are...
New NHTSA Chief says agency is cracking down on automated driver-assist...
Steven Cliff, the new head of the National Highway Traffic Safety Administration (NHTSA) is concerned about the lack of accurate knowledge about automatic and...
Federal Trade Commission aims to reduce deceptive practices at car dealerships...
The Federal Trade Commission is stepping in as the U.S. auto market continues to see rising prices for both used and new vehicles due...
Lithia Motors purchases 9 dealerships in South Florida
Lithia Motors purchased nine dealerships from Lehman Auto World with the help of Haig Partners LLC, a well-known buy/sell advisor. Haig Partners represented the...
