Top stories
Canadian rail workers set to return as government moves to end lockouts amid supply chain crisis. Read More
Stellantis and GM slash jobs in Michigan amid economic incentives to boost auto industry. Read More
Volvo aims to revitalize U.S. EV sales with launch of EX90 and EX30 SUVs. Read More
Cruise partners with Uber for autonomous ride-hailing, marking a strategic comeback. Read More
Featured Interview
MADA President Scott Lambert: VP candidate Governor Walz disappoints MN dealers
From navigating the EV market to addressing the latest trends and challenges, there’s a lot on the agenda for state associations today. Scott Lambert, the President of the Association, joins us on the latest episode of Inside Automotive, with the latest from the Minnesota Car Dealer Association. Watch the full segment here.
Chinese EVs and autonomous tech set to disrupt global automotive markets
I’m equal parts excited by and concerned by the threat of Chinese EVs coming into the U.S. market. The Chinese are now building very high quality, cheap EVs, and rapidly taking market share in many markets outside of the U.S. Back home here, both the Biden administration and Donald Trump have signaled being comfortable with 100% tariffs on Chinese built vehicles. Watch the full segment here.
For Dealers
Weekly roundup: UAW warns Stellantis strike, Auto industry backs Inflation Reduction Act, Ford revises EV strategy
Earlier this week: the UAW threatened a Stellantis strike over delays at the Belvidere assembly plant. The auto industry rallied to preserve the Inflation Reduction Act as the election loomed. Ford recalibrated its EV strategy, canceled its electric SUV, and focused on profitability. Record EV sales in Q2 as new models boost competition and drive down prices. Trump considers ending the EV tax credit, praises Musk for a potential cabinet role, and threatens tariffs on Mexican-made cars. DMS outage creates volatility in used vehicle market as inventory declines and prices rise. Wholesale used vehicle prices rose 0.5% in early August. Read More
