Tag: industry news
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...
Toyota makes $383 million investment in U.S. manufacturing
Toyota said Tuesday it would be investing $383 million into increasing the production of hybrid vehicles at four of its U.S.-based manufacturing plants. The investment builds...
Stellantis suspends manufacturing operations in Russia
Stellantis said on Tuesday that it would be following several other automakers in shutting down its plant in Russia due to issues with logistics and ongoing...
Brookfield enters formal agreement to acquire CDK Global in multi-billion dollar...
Automotive Ventures CEO Steve Greenfield recaps this breaking news bulletin
Together with institutional partners, Brookfield Business Partners (collectively "Brookfield") have entered into a formal agreement...
How will the Right to Repair bill affect car dealerships?
A bill introduced by U.S. Rep. Bobby Rush, D-Ill. intends to give consumers the blanket coverage under federal law to have their vehicle repaired...
EV recalls continue to hinder route to mass adoption
Recalls continue to hamper EVs, and being the world’s highest-volume electric car maker doesn’t seem to make it any easier. Tesla has issued two...
Debate over USMCA interpretation, Mexico and Canada request settlement panel
Canada has joined Mexico in a dispute over the interpretation of USMCA automotive rules of origin that the U.S. is applying the regional vehicle...
Cost of chip shortage expected to double, but Musk sees an...
In May 2021, AlixPartners predicted that the chip shortage plaguing the auto industry since the middle of the pandemic would end up costing the...
RV and Camper Sales Grow During the Pandemic
Consumers are renewing their love for the open road in newly purchased recreation vehicles and camper trailers. As travelers continue to be wary of hotels,...
AutoNation Benefits Tremendously from Resuming Operations
AutoNation Inc. is reaping the rewards of returning to work. The nation’s largest auto retailer posted a press release reporting a quarterly profit that had...
