The Federal Reserve announced a 0.25% cut to its benchmark interest rates, bringing the target range to 4.5-4.75%.
This marks the second interest rate cut this year, with the first...
Donald Trump’s 2024 presidential comeback is sending ripples through the political and automotive worlds, with major implications for car dealers, labor unions, and industry regulations. The Republican victory not only...
Donald Trump’s victory in the 2024 election has dealt a significant blow to UAW President Shawn Fain’s efforts to rebuild the union’s political influence. Despite an aggressive campaign to support...
Stellantis has announced it will cut one production shift and lay off approximately 1,100 workers at its Toledo South Assembly Plant in Ohio. This decision aims to align manufacturing output...
Elon Musk reportedly contributed a whopping $119 million to a pro-Trump group. Although he first publicly endorsed Donald Trump on July 13, his support for the candidate started long before.
Musk's large contributions...
Nissan's decision to slash 9,000 jobs and cut 20% of global production capacity is a significant blow to its workforce. The automaker also lowered its sales projection for the second...
As the automotive industry braces for a new Republican administration under President-elect Donald Trump, stakeholders reflect on how this leadership shift may shape their operations, regulatory landscapes, and electric vehicle...
As electric vehicles (EVs) gain traction in the automotive market, dealerships are experiencing a notable impact on their fixed operations revenue. EV repairs are proving more lucrative per repair order...
In a historic political comeback, former President Donald Trump decisively defeated Vice President Kamala Harris to secure another term in the White House, returning to office for the first time...
General Motors (GM) has issued a new recall for 107 Chevrolet Bolt electric vehicles, targeting the 2020 to 2022 model years due to a risk of battery-related fires. This action...