Volvo Cars posts Q3 operating loss, plans more job cuts
On the Dash:
Volvo Cars posted a SEK 5.6 billion ($565 million) operating loss as China revenue fell.
The automaker will cut about 2,500 jobs and trim SEK 5 billion...
TSLA375.193-2.857%
GM88.755-0.895%
F12.265-0.105%
RIVN13.911-0.0989%
CYD20.8900.23%
HMC34.675-1.165%
TM214.010-4.50001%
CVNA73.770-2.485%
PAG213.0400.24999%
LAD305.060-5.74%
AN182.580-3.48%
GPI263.140-5.32%
ABG204.400-5.82%
SAH61.965-1.185%
TSLA375.193-2.857%
GM88.755-0.895%
F12.265-0.105%
RIVN13.911-0.0989%
CYD20.8900.23%
HMC34.675-1.165%
TM214.010-4.50001%
CVNA73.770-2.485%
PAG213.0400.24999%
LAD305.060-5.74%
AN182.580-3.48%
GPI263.140-5.32%
ABG204.400-5.82%
SAH61.965-1.185%
TSLA375.193-2.857%
GM88.755-0.895%
F12.265-0.105%
RIVN13.911-0.0989%
CYD20.8900.23%
HMC34.675-1.165%
TM214.010-4.50001%
CVNA73.770-2.485%
PAG213.0400.24999%
LAD305.060-5.74%
AN182.580-3.48%
GPI263.140-5.32%
ABG204.400-5.82%
SAH61.965-1.185%
Articles
New-vehicle sales holds steady in Oct. as monthly payments reach new record
On the Dash:
New-vehicle sales are forecast to hold at a 15.6M SAAR in October, flat year over year.
Average monthly payments are expected to hit an October record of...
Car shopping is changing: Is your dealership still discoverable
The way consumers search for vehicles is changing, and AI is becoming a bigger part of that process. Traditional search engines, automotive marketplaces and dealership websites remain important, but consumers...
Dobbs Family Automotive acquires two Asheville dealerships from Fields Auto Group
Dobbs Family Automotive acquired Fields Mazda and Chrysler Dodge Jeep Ram of Asheville from Fields Auto Group in Asheville, North Carolina. The purchase brings the Memphis-based buyer into the Asheville...
GM backs sodium-ion battery startup with $108M, extends eyes-off driving plans
On the Dash:
General Motors' eyes-off driving will expand to large pickups and SUVs, with no timeframe given.
GM led a $108 million round in sodium-ion battery startup Peak Energy.
...
Stellantis halts Wrangler production after Toledo chemical release
On the Dash:
Stellantis halted production at its Toledo Assembly Complex north plant, which builds the Jeep Wrangler, sending workers home Tuesday night and canceling first and second shifts Wednesday.
...
Tesla’s auto margins recover as operating income falls 56%
On the Dash:
Tesla’s automotive gross margin excluding regulatory credits rose to 18.1% in Q3, up from 16.3% in Q2 and 15.4% a year earlier, signaling improved automotive profitability.
Operating...
Negative equity hits 29.1% of trade-ins, rollover loans top $57,000
On the Dash:
Negative equity now affects 29.1% of financed trade-ins, and average debt hit $7,107.
Edmunds reports that rollover buyers financed $57,235 on average and pay $952 monthly.
Dealers...
The car price scam: Dealers under fire over hidden fees
That bargain price on a new car may be nothing more than bait. You see the ad, compare the numbers, and make the trip to the dealership. Then come the...
Musk says Tesla, SpaceX exploring possible merger
On the Dash:
Tesla and SpaceX are in merger talks, with independent committees at both companies reviewing a possible deal.
Musk says no terms have been agreed on, and Tesla...
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