Tag: retail automotive
Stellantis faces dealer and UAW backlash, U.S. to ban Chinese tech...
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Dealers and UAW unite in criticizing Stellantis CEO amid job cuts, inventory struggles, and EV transition. Read More
U.S. set to ban Chinese tech...
Dealers and UAW unite in criticizing Stellantis CEO amid job cuts,...
UAW President Shawn Fain and Stellantis dealers find themselves aligned in a rare moment of unity. They criticize Stellantis CEO Carlos Tavares for what...
U.S. set to ban Chinese tech in connected cars over national...
According to an exclusive Reuters report, the U.S. Commerce Department is set to propose a ban on the use of Chinese software and hardware...
Elon Musk invests in supercomputers to boost Tesla AI and xAI...
Elon Musk, CEO of Tesla and AI startup xAI, is intensifying efforts to build advanced supercomputers to enhance artificial intelligence capabilities across his businesses....
Monroe Capital launches $1 billion fund to support small auto suppliers...
Investment firm Monroe Capital LLC announced plans to launch a new fund, The Drive Forward Fund LP, aimed at providing up to $1 billion...
Feldman Automotive Group CEO discusses Stellantis expansion and EV success
Feldman Automotive Group recently closed on the acquisition of its newest location in Livonia, Michigan. Jay Feldman, the chairman and CEO of Feldman Automotive...
GM layoffs, Major Ford/GM recalls, Lucid expands to Detroit
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GM to lay off 680 workers at Fairfax plant as production shifts to new Chevrolet Bolt EV. Read More
Ford and GM issue major...
GM to lay off 680 workers at Fairfax plant as production...
General Motors (GM) announced Thursday that it will lay off 680 employees at its Fairfax assembly plant in Kansas City, Kansas, as it phases...
Lucid expands to Detroit, taps local talent for growth and upcoming...
Lucid Motors, a Silicon Valley-based electric vehicle (EV) startup, officially opened its new office in Southfield, Michigan, this week as part of its strategic...
New vehicle sales stabilize, days’ supply and inventory trends improve
A recent analysis of vAuto Live Market View data reveals that new vehicle sales volume and average days' supply have stabilized after experiencing fluctuations...