U.S. adults are changing financial decisions due to inflation, according to First Insight study

Kimberly Hurley - May 6, 2022

According to a recent report from First Insight, a staggering 97% of 1,000 U.S. adults surveyed indicated they are shifting their financial decisions to accommodate high inflation. Overall, 75% of respondents said...

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U.S. Department of Energy allocates $45M to EV battery development

Kimberly Hurley - May 6, 2022

The U.S. Department of Energy announced this week that it would be allocating $45 million to develop electric vehicle batteries that will be more affordable and last longer. The funding is part...

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Fed raises interest rates by half a percentage point, aims to cool inflation

Jason Unrau - May 5, 2022

On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target rate range jumps from 0.75% to...

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Volvo announces a 25% drop in sales for April

Kimberly Hurley - May 5, 2022

Volvo Car Group said this week that its sales for April totaled 47,150, down 24.8% year-over-year. Overall, sales dropped 47.8% in China, U.S. sales fell by 9.2%, and European sales dropped 23.3%. Last...

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8 strategies for winning over out-of-warranty service customers

Cathy Orrico - May 5, 2022

While the average passenger vehicle on the road in the U.S. today is increasing in age – hitting more than 12 years old in 2020 – the number of annual...

Fixed-Ops Articles

Apple hires former Ford director for self-driving vehicle development

Kimberly Hurley - May 5, 2022

Sources told Bloomberg this week that Apple Inc. has hired Desi Ujkashevic to help the tech giant on its so-called Apple Car Project, which aims to develop a self-driving vehicle. Ujkashevic recently retired from...

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Head of Aston Martin steps down, ex-Ferrari CEO to take over

Kimberly Hurley - May 5, 2022

According to a Bloomberg report this week, Aston Martin Lagonda Global Holdings Plc's current Chief Executive Officer, Tobias Moers, will no longer be with the company after two years. Despite Aston Martin Chairman...

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Lyft shares drop due to driver incentives and Q2 projections

Kimberly Hurley - May 5, 2022

Lyft shares dropped 25% this week after the rideshare service released its first-quarter results and announced it would likely not reach Wall Street's expectations for the second quarter. The company said it...

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U.S. government to allocate over $3 billion to EV battery manufacturing

Kimberly Hurley - May 4, 2022

On Monday, U.S. government officials said that over $3 billion of last year's $1 trillion infrastructure bill would be put towards electric vehicle (EV) battery manufacturing. The funding, which will come...

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BMW Group and Ansys to further partnership for autonomous driving tech

Kimberly Hurley - May 4, 2022

The BMW Group and technology firm Ansys have announced they will be furthering their partnership to develop software for autonomous driving and advanced driver-assistance systems. The companies will be working on a...

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Articles

U.S. adults are changing financial decisions due to inflation, according to First Insight study

U.S. Department of Energy allocates $45M to EV battery development

Fed raises interest rates by half a percentage point, aims to cool inflation

Volvo announces a 25% drop in sales for April

8 strategies for winning over out-of-warranty service customers

Apple hires former Ford director for self-driving vehicle development

Head of Aston Martin steps down, ex-Ferrari CEO to take over

Lyft shares drop due to driver incentives and Q2 projections

U.S. government to allocate over $3 billion to EV battery manufacturing

BMW Group and Ansys to further partnership for autonomous driving tech

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