Supply chain problems continue to affect automakers, including Lucid Motors, who once again slashed EV production goals for the year. Shares of the vehicle fell 12% after its second quarterly...
According to the most recent Kelley Blue book Brand Watch report, high gas prices have caused consumers of non-luxury automobiles to consider traditional cars at a level not seen since before...
Profit levels are rising even with high inflation and increasing interest rates. This has prompted many dealerships to merge or completely acquire others. July was a hot month for dealership...
Dealership owners are concerned as repossessions continue to increase. According to the Cox Automotive Industry Insights 2021 presentation, repossession in 2020 was the lowest in the last five years, but 2021...
Toyota's profit fell 43% (578.66 billion Yen) in the last three months due primarily to supply chain issues. Last year, Toyota earned an average of 997.4 billion Yen or $7.48...
Yesterday, Lordstown Motors announced its first profitable quarter of $61.3 million, but not from selling electric vehicles. After selling some of its assets, including its Ohio production plant, to Taiwanese manufacturer Foxconn, Lordstown...
California electric vehicle startup, Fisker, announced that they have 56,000 reservations for its newest vehicle, the Ocean EV SUV. According to Fisker's second quarterly earnings, they suffered a loss per share...
According to Cox Automotive, July’s new auto sales will likely see a 2.1% drop compared to last month and a 13% decrease compared to the same time last year.
Cox Automotive...
With Tesla's success and plans and comments from OEMs like Ford CEO Jim Farley, there's no question that digital retailing from automakers may soon be on the rise in the industry....
Automaker Stellantis is reportedly investing a total of $99 million in three North American plants to produce turbo engines for its new hybrid vehicle models.
The state of Michigan will receive most of...