TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


About: CBT News Staff Writer

Mary Barra EV ambitions electrification strategy

GM’s Mary Barra stands firm on EV ambitions, but admits to challenges

- February 20, 2023
Last Thursday, General Motors CEO Mary Barra confirmed the company would continue pursuing its EV ambitions, but acknowledged a number of obstacles remain in its path. Speaking to virtual attendees of...
self-driving software

Tesla recalls 362,000 vehicles due to NHTSA pressure on self-driving software

- February 20, 2023
Tesla is set to recall over 362,000 vehicles equipped with the company's Full Self-Driving beta software, after facing pressure from the National Highway Traffic Safety Administration. According the NHTSA, the company's...
Sonic Automotive Jeff Dyke

How Sonic Automotive was able to break records in 2022 — Jeff Dyke

- February 17, 2023
Sonic Automotive recently reported revenue records for the fourth quarter and fiscal year of 2022. On this episode of Inside Automotive, Jeff Dyke, the dealer group's President, joins host Jim...
Spiffy

What will Spiffy do with its $30 million Series C funding boost?

- February 17, 2023
Technology and services company, Spiffy, recently announced $30 Million in Series C financing which it expects will drive tremendous growth in 2023 and beyond. The Presidio Group advised Spiffy throughout...
U.S. luxury market

Tesla wins top spot in U.S. luxury market, first American winner in 25 years

- February 17, 2023
Tesla has become the first American brand in 25 years to reach the top of the U.S. luxury market, beating out 2021's winner BMW. In total, the EV maker sold 491,000...
Sonic Automotive

Sonic Automotive posts record breaking Q4 results for 2022

- February 17, 2023
Sonic Automotive has revealed record-breaking fourth quarter results in its earnings report, with sizable gains in revenue and profit. In Q4, the North Carolina dealer group earned $3.59 billion in revenue...

Why preparation and adaptability are key for auto dealers in 2023 — Mike Maroone

- February 16, 2023
Although the 2023 car business is off to a strong start, dealers are anxious to avoid a false sense of security, and want to know what challenges lie in wait....

3 phrases that earn customer trust and close more deals — Matt Easton

- February 16, 2023
As customers do increasingly more research on the vehicles they wish to purchase, sales professionals must learn new phrases to keep control of the conversation, and achieve mutually beneficial results....
lightning factory

Ford Lightning factory shuts down for three weeks due to a battery related fire

- February 16, 2023
Ford's F-150 Lightning factory in Dearborn, Michigan has been shut down since last week due to a fire caused by a battery issue. The facility, which the automaker predicted would build...
Retail sales

U.S. retail sales see largest growth in two years despite inflation concerns

- February 16, 2023
U.S. retail sales rose 3% in January, according to the U.S. Commerce Department, the biggest monthly increase since March of 2021. Analysts had originally expected U.S. retail sales to climb 1.8%...


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