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New car inventory levels, Nissan lowers profit forecast, states sue EPA

Women Driving The Industry

In this episode of Women Driving the Industry, we explore Jenell Ross's personal journey as a leader in the automotive industry.Jenell Ross celebrates 50 years at the helm of the nation’s only black woman-owned Buick, GMC, and Mercedes-Benz Dealership
The Bob Ross Auto Group, founded by Robert P. Ross Sr. in 1974, is a family-owned business that has accomplished much in the automotive industry. Following Robert’s passing, his wife Norma and their children, Jenell and Robert Jr., continued his legacy, expanding the dealership and receiving awards for business excellence and community service. Today, Jenell Ross, the President of Bob Ross Auto Group, leads the only Buick, GMC, and Mercedes-Benz dealership owned by an African American woman. In this episode of Women Driving the Industry, we explore Jenell’s personal journey as a leader in the automotive industry and her active role in her Ohio community. Watch full segment here.

Top Stories

New vehicle days’ supply shrinks under weight of demand. Read More

Nissan lowers profit forecast after slow sales. Read More

States sue to take down EPA’s emissions guidelines. Read More

Tesla recalls Cybertrucks over faulty accelerator pedal. Read More

For Dealers

In this week's top automotive stories, Tesla plans to lay off 10% of its workforce and Mexico refuses to give Chinese car makers incentives.Automotive weekly roundup: Tesla layoffs, governors protest unions, Mexico refuses incentives
Earlier this week: A leaked internal memo reveals that Tesla will lay off 10% of its global workforce after quarterly sales declined. New car inventory levels continue surging as the year’s best-value models emerge. General Motors will move from its home of nearly 30 years to the Hudson’s Detroit building. Governors from six southern states issue a statement warning residents against unions as Volkswagen workers vote on whether to join the UAW. Mexico reportedly denies incentives to BYD and other Chinese automakers due to pressure from U.S. officials. Read More

On today's episode of Future of Automotive, we're exploring a great article that summarizes why car insurance keeps getting more expensive. Five key factors driving the sharp increase in auto insurance costs
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the industry. I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us. A great article by Keith Naughton at Bloomberg this past week summarized why car insurance keeps getting more expensive. The cost of auto insurance in the U.S. rose by more than 22% in the 12 months ending in March, which is the largest jump since back in 1976. Read More

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CBT News
For over 11 years, CBT News has been informing and helping automotive retail professionals grow their businesses and thrive in their careers through an awarding-winning, on-demand streaming platform. With exclusive interviews featuring the biggest names in the industry, daily newscasts, up-to-date market data, and exclusive articles covering the latest trends, CBT News is your #1 source for auto industry news and content.

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