CBT Now
How to identify and fix the ‘Upper Limit Problem’ – Gay Hendricks | Hendricks Institute
Could you be sabotaging your own success? On today’s episode of CBT Now, we’re exploring the “Upper Limit Problem,” a common problem many of us experience in business with allowing ourselves to enjoy our wins without boundaries. Joining us is Gay Hendrick, the founder of the Hendrick Institute, to discuss his new book, “The Big Leap,” which explores this problem and how to overcome it. Watch the full segment here
Top stories
New car owners are now spending an average of $12,182 a year on their vehicles, according to data from the American Automobile Association (AAA). The costs of vehicle ownership have risen significantly since the onset of the COVID pandemic. During 2019, AAA reported that new car owners were spending $9,282 a year, which at the time was the highest since the association began tracking consumer spending. Read More
Electric vehicle brand Polestar continued to lose money in the second quarter but still expects to achieve its annual delivery target thanks to a strengthening sales pace. The Volvo-owned EV maker published its quarterly earnings on Thursday, August 31, revealing a net loss of $304 million. The electric vehicle brand previously announced it had sold roughly 15,765 units between April and June, a year-over-year growth of 36%. Read More
Production at General Motors Fort Wayne, Indiana, light-duty truck assembly will be closed until September 8 due to unidentified supply constraints. According to Dennys Pimeta, Fort Wayne’s Plant Executive, wrote to employees, “GM is aggressively working with our supplier to overcome the challenges that have occurred so we can start producing the vehicles that are in high demand with our dealers and consumers.” Read More
Due to a potential break at the base of the trunk latch, which would make it impossible for the trunk to open from the inside, the South Korean automaker, Kia, is recalling nearly 320,000 Rio, Optima, Optima Hybrid, and Optima Plug-in Hybrid vehicles. According to the latest National Traffic Safety Administration, the recalled cars “Fail to comply with Federal Motor Vehicle Safety Standard requirements.“ Read More
For Dealers
Evaluating the long-term costs of electric vehicles: pros and cons
Electric vehicles are a different breed of mechanical knowledge. Does that mean electric vehicles cost more or less in the long run? This is an interesting question many car buyers deciding between a gasoline engine and a battery-powered engine have been facing and one that many will face in the near future. Let’s find out! Read More
Weekly roundup: UAW members vote to strike pending negotiations, Ford discontinues 3 gas-powered models
Earlier this week: Nissan is accelerating its plans to go electric, with plans to release 27 electrified models by 2030. The UAW has voted in favor of a strike should negotiations with Detroit 3 car manufacturers fail to produce an acceptable contract by the upcoming deadline. Hyundai unveiled its own advanced charging network in South Korea with a capacity of 350 kW. Read More
