Rising inventory levels are fueling the industry as a several new, reasonably priced electric vehicle (EV) models hit the market. With excellent lease deals on the table this winter, it'll...
General Motors (GM) is accelerating its shift towards electric vehicles with a major transformation at its Fairfax, Kansas, assembly plant. Starting in January, GM will end production of the gas-powered...
Electric vehicle startup Rivian Automotive is navigating significant supply chain disruptions but remains optimistic about reporting its first-ever gross profit by the end of 2024. Despite a third-quarter parts shortage...
Lucid Motors beat Wall Street's Q3 expectations, with revenue reaching $200 million, compared to the expected $198 million.
The automaker reported a record delivery of 2,781 units, which CEO Peter...
In October, wholesale used-vehicle prices continued to fall, providing both challenges and opportunities for dealers. According to the Manheim Used Vehicle Value Index (MUVVI), wholesale prices dropped to 202.8, a...
Earlier this week: Trump’s return to the White House signaled a major shift in EV policy, trade, and economic direction. Bernie Moreno's win in Ohio paves the way for Trump's labor policy...
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...