TSLA311.2102.36%
GM88.8600.46%
F14.680-0.18%
RIVN15.220-1.61%
CYD47.160-1.16%
HMC30.110-0.61%
TM188.990-2.46%
CVNA62.3600.92%
PAG217.310-3.3%
LAD385.420-19.61%
AN212.400-2.25%
GPI286.770-9.94%
ABG231.700-1.44%
SAH91.580-8.76%
TSLA311.2102.36%
GM88.8600.46%
F14.680-0.18%
RIVN15.220-1.61%
CYD47.160-1.16%
HMC30.110-0.61%
TM188.990-2.46%
CVNA62.3600.92%
PAG217.310-3.3%
LAD385.420-19.61%
AN212.400-2.25%
GPI286.770-9.94%
ABG231.700-1.44%
SAH91.580-8.76%
TSLA311.2102.36%
GM88.8600.46%
F14.680-0.18%
RIVN15.220-1.61%
CYD47.160-1.16%
HMC30.110-0.61%
TM188.990-2.46%
CVNA62.3600.92%
PAG217.310-3.3%
LAD385.420-19.61%
AN212.400-2.25%
GPI286.770-9.94%
ABG231.700-1.44%
SAH91.580-8.76%

Tesla scales its self-driving business, Stellantis & UAW clash over EV prices. GM builds more affordable EVs

Inside Automotive 

On today's CBT Now, Scott Mautz joins us to discuss how to give your boss feedback, and navigate what to say and when to say it? 3 crucial steps to providing feedback to your boss — Scott Mautz | Profound Performance
When it comes to the world of business, we’ve seen the impact that leadership from the middle of an organization has. Yet, one of your most important professional relationships is with your boss at the top. On today’s CBT Now, your host Shyann Malone sits down with Scott Mautz, the founder of Profound Performance, to discuss the two key difficulties employees may face: disagreements and giving your boss feedback, and how to navigate what to say and when? Watch the full segment
here

Top stories

Electric vehicle maker Tesla is planning to enter the data business with the launch of a "1st of its kind" data center.Electric vehicle maker Tesla is planning to enter the data business with the launch of a “1st of its kind” data center as the company searches for ways to manage the massive amounts of information collected from its self-driving software. Tesla revealed the project through a job posting announced last week. The new data center senior engineering program manager “will lead the end-to-end design and engineering of Tesla’s 1st of its kind Data Center and will be a key member of the factory engineering team,” the description reads. Read More

Leaders from Stellantis and United Auto Workers (UAW) clashed over electric vehicle price points amidst ongoing contraction negotiations.
Pictured (left to right): Stellantis CEO Carlos Tavares, UAW President Shawn Fain

Leaders from Stellantis and United Auto Workers (UAW) clashed over electric vehicle price points amidst ongoing contraction negotiations between Detroit-Three automakers and union representatives. Although Stellantis has refused to engage in an EV pricing war with its American competitors, CEO Carlos Tavares has expressed concern over the lack of affordability in the segment. Read More

Escalade IQ
GM President Mark Reuss

General Motors hopes a new all-electric version of the Cadillac Escalade can spark the same success for a new generation of affluent purchasers, 25 years after the car introduced the company to incredibly lucrative luxury SUVs. GM unveiled its 2025 Cadillac Escalade IQ, the first traditional Cadillac model to be released as an EV. The IQ has 450 miles of range, the longest of any GM EV to date, and a 55-inch LED dashboard screen, giving it more power than the supercharged V-8 SUV. Read More

The Phoenix-based Nikola, which produces Class 8 trucks with battery and hydrogen power, recalls 209 Tre BEV trucks and has temporarily stopped new sales.
CEO Steve Girsky

The Phoenix-based Nikola, which produces Class 8 trucks with battery and hydrogen power, is recalling 209 Tre BEV trucks and has temporarily stopped new sales. The actions follow the investigation of a truck fire that occurred in June at Nikola’s headquarters in Phoenix, Arizona. The manufacturer said it was suspicious of foul play since a vehicle was seen near the property close to the time of the incident, but the cause of the fire remains unknown. Read More

Haig Partners assisted with the sale of BMW of Bridgeport to Mauro Motors in the mergers and acquisitions firm's 40th dealership sale in the northeast since 2020.
Pictured: President of Haig Partners, Alan Haig, Image Source: Automotive News

Haig Partners assisted with the sale of BMW of Bridgeport to Mauro Motors in the mergers and acquisitions firm’s 40th dealership sale in the northeast since 2020. The buy-sell agency served as the car dealer’s sole advisor for the purchase. Mitch McManus, dealer principal at BMW of Bridgeport, had previously worked with Haig Partners on the sale of the BMW of Ridgefield storefront. Read More. 

For Dealers 

Beyond conventional electric cars, the future of EVs holds exciting possibilities.The future of EVs: A glimpse into emerging technologies
The automotive industry is in the long process of a groundbreaking transformation, with electric vehicles (EVs) being promoted as the forefront of the evolution. As we look ahead, governments marching in line with environmentalists suggest that the future of EVs promises to revolutionize transportation in ways we have never imagined. In this forward-looking article, we look into the world of EVs and explore the emerging technologies that will shape the future of mobility. And it may not all be electric. Read More

Recall work is a great opportunity for your dealership to impress customers with the smooth operations of a well-oiled service department.Recall work: your service departments chance to impress
Automotive recalls in the U.S. rose 3.4% in the first quarter of 2023, up from 237 in Q4 2022 to 245 events in Q1. According to Sedgwick brand protection’s latest recall index report, the number of units impacted also increased slightly to 7.6 million. While car owners don’t tend to be a big fan of recall notices, they actually provide service managers and techs the opportunity to show what the department can do, especially for customers who don’t come in often. We’ll discuss how to approach service recalls and how to make them productive for the customer and our team. Read More

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