Inside Automotive
Actionable steps to improve diversity within the dealership — Fernando Varela | Varela Group
National Hispanic Heritage Month is a time to celebrate diversity and reflect on the culture and contributions of the Hispanic community. Within retail automotive, Hispanic Americans make up 18% of U.S. new vehicle purchases, according to S&P Global, underscoring the need for better representation within the car business. Watch the full segment here.
Top stories
United Auto Workers president Shawn Fain took to social media this morning to announce additional strikes at two General Motors and Ford plants in Michigan and Illinois. During a Facebook and YouTube livestream, the UAW chief called on union members at Ford’s Chicago Assembly Plant and General Motors’ Lansing Delta Township to abandon their posts and join the picket line. Read More
The U.S. Equal Employment Opportunity Commission (EEOC) has filed a lawsuit against Tesla, claiming that the company violated federal law by permitting widespread and ongoing racial harassment of its Black employees and punishing some for objecting to the harassment. EEOC’s lawsuit, filed in federal court in California, explains how Black employees have routinely been subjected to racist remarks and graffiti. Read More
Luxury electric vehicle brand Fisker raised an additional $150 million in funding from an existing investor as it celebrates the production of its 5,000th Ocean SUV. According to a press release, an investor has agreed to purchase $170 million in unsecured convertible notes at a 12% discount from the company, resulting in a $150 million payout to Fisker. Read More
Acura and Honda announced agreements with Electrify America, EVgo, and other roaming network partners. As a result, Honda and Acura EV owners now have access to even more of North America’s top charging networks. In addition to the recent declaration that Honda would embrace the NACS charging standard, these agreements grant access to Tesla’s Supercharger networks. Read More
For Dealers
The unquestioned data advantage in the dealership buy/sell equation
Changes in the dealership buy/sell landscape are ever evolving. The economy, dealership performance, geographical differences, and new bills, laws and regulations all factor into the equation. That’s true whether you’re a single-point dealership, part of a large dealership group, or a mergers and acquisition firm looking to get into the vehicle-selling-and-servicing game. Read More
He helped bring augmented reality to Ford — here’s what he learned
As we drive further into the digital age, technological advances continue to transform the way we live and work. One such innovation, Augmented Reality (AR), may sound like a futuristic concept, yet its application and impact are evident in our daily lives, and businesses are finding ways to leverage its potential. Read More
