Uncertainty Looms as FCA and Renault Withdraw Merger Plans

FCA and Renault
You would probably be justified in calling the failed merger between Italy’s Fiat Chrysler Automobile (FCA) and France’s Renault “eye-opening.” FCA has announced it will be terminating the $35 billion deal because Renault’s board was "unable to take a decision due to the request...

TrueCar CEO Chip Perry Retires After 3 Years of Service

Chip Perry
After three and a half years, Chip Perry is retiring from his position as TrueCar's President and Chief Executive Officer. Perry, 65, took on the role at the end of 2015 when previous CEO and founder of TrueCar Scott Painter stepped down from the...

Charlie Chesbrough on Memorial Day Sales Results, Q2 Predictions, and Other Industry Trends – Cox Automotive

industryvideo
 While it’s important to monitor year-over-year trends in the retail auto industry, it is arguably more important to focus on where the industry is headed. Here to give us an overview of this year’s numbers so far and what we can expect for Q2...

Interesting Players in the Race to Dominate the EV Industry

EV market
It’s no surprise that electric vehicles (EVs) have become increasingly popular within the past decade. They are appealing to consumers because they can save money since they don’t require constant re-fueling, they are convenient because they can be charged without owners having to leave...

Dietmar Exler to Step Down from Mercedes-Benz USA

Mercedes-Benz USA
Mercedes-Benz USA CEO Dietmar Exler will be moving on to other ventures, as he announced to the board on Thursday that he will be stepping down. His exact plans for the future have not been revealed, but according to Automotive News Europe, he has...

Escalating Tariff Threats Still Loom Over U.S.-China Trade Deal

tariff
Last week, President Donald Trump fulfilled his promise of raising tariffs on China from 10% to 25% on about $200 billion of Chinese goods. Trump has made it clear that he is a “tariff man” and thinks they are a great tool to use...

Trump Threatens 25% Hike on Tariffs for China

tariffs
Just two months after deciding to hold off on implementing tariffs on China, the Trump administration has announced plans to place them on $200 billion worth of Chinese goods, including cars and auto parts. For now, Japan and the European Union are immune from...

Tesla Scrambles to Raise Funds with Bond and Stock Sale

Tesla
Days after announcing massive losses for the previous quarter, Tesla has now announced plans to raise about $2.3 billion in new capital to increase liquidity and continue to work towards being the most prominent force in electric autos. In an investors’ call on May...

Ford Focusing on Customers With New Rewards Program

FordPass
In 2016, Ford launched FordPass stating at the time that they planned “to do for car owners what iTunes did for music fans.” The platform acted as a one-stop for Ford owners who could use the FordPass app to connect and control their car,...

Tesla Announces a $702 Million Loss for Q1

Tesla
Expert expectations for Tesla’s Q1 2019 numbers were never very promising, but the $702 million net loss the company announced may exceed the expected losses. The dismal numbers show the greatest loss Tesla has ever reported over a single quarter. Reuters noted that Tesla...

HEADLINES

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The Importance of a Dealership’s Unique Digital Retailing Process – Drew Tutton & Tim...

Today on CBTNews.com - Wednesday, July 17th, 2019: The Importance of a Dealership's Unique Digital Retailing Process -  Tim Cox, CarNow & Drew Tutton, Ed...
Facebookvideo

Using Facebook as a Branding Tool

 TV and radio bring a lot of awareness to dealerships locally. However, it can be really expensive. Brian suggests using Facebook to promote local...
third-party classifiedvideo

How to Evaluate The Value of Your Third-Party Classified Partner

Do auto dealers need third-party classified marketplaces? Brian Pasch discusses how you can evaluate the value of your third-party classified partner on today's episode...
conflict

6 Strategies to Manage Conflict and Improve Working Relationships

Conflict among people is a tale as old as time. Much like any other business collective, automotive retailers can become gossip factories or feel...

How to Evaluate The Value of Your Third-Party Classified Partner

Do auto dealers need third-party classified marketplaces? Brian Pasch discusses how you can evaluate the value of your third-party classified partner on today's episode...

What Does Digital Retailing Have To Do With F&I?

On this week's episode of F&I Today Becky Chernek talks about digital retailing and what it has to do with F&I. Why should you...

The Power of Consistency

On this week's episode of the Weekly Tune-Up, Almog Veig of David Lewis & Associates talks about the value and the power of consistency....