Interest rates unchanged, Carvana breaks profit record, Cadillac slows EV shift

Top Stories Federal Reserve leaves interest rates unchanged, "uncertain" about future Read More Carvana posts all-time high Q1 profits in dramatic recovery Read More Cadillac slows down...

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Tesla abandons ‘gigacasting’ production process amid cost-cutting measures

According to a recent report by Reuters, the Austin-based EV manufacturer Tesla has abandoned its plan to advance gigacasting, a groundbreaking production process. This...

Carvana posts record-breaking Q1 profits after aggressive restructuring

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...

Cadillac VP aims to offer a full EV lineup by 2030 alongside gas cars 

During a press conference on May 1st, the Vice President of Global Cadillac, John Roth, announced that while the company plans to continue selling...

Federal Reserve leaves interest rates unchanged after worrying inflation trends

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 plans strike authorization vote over health and safety concerns at Stellantis Plants

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 to boost employee engagement, fill knowledge gaps

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 shops see higher ratings in 2024

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...

Mercedes-Benz sticks to high prices amid quarterly profit decline

On April 30th, Mercedes-Benz announced that it would maintain the high prices of its luxury vehicles despite a decline in quarterly profits. The company...

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