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Tesla rescinds diversity claims, VW pursues AI, Group 1 wins big

Inside Automotive

David Lewis joins us on the latest episode of Inside Automotive, to explain what dealers need to know about the sales process.How returning to the basics can boost sales and customer satisfaction – David Lewis | David Lewis and Associates
There’s no better time than the start of a new year to focus on your sales process and strategy. But you may ask yourself, where do I begin? David Lewis, President and CEO of David Lewis and Associates, joins us on the latest episode of Inside Automotive. Lewis explains what today’s dealers need to know about the sales process, especially when the trial closes. Watch full segment here.

Top Stories

In its annual 10-K filing with the SEC, Tesla omitted multiple statements promoting diverse hiring practices and minority resource groups.

Tesla removed language concerning minority workers in its latest regulatory filing with the Securities and Exchange Commission (SEC), following comments from company CEO Elon Musk on Diversity, Equity, and Inclusion (DEI) initiatives. DEI refers to the general efforts of human resource departments and other hiring entities to improve inclusivity in the corporate world, typically accomplished by maintaining diverse workforces. Read More

With global technology firms, Volkswagen is discussing collaboration efforts to develop new AI-powered digital prototypes for features.With global technology firms, Volkswagen is discussing collaboration efforts to develop new AI-powered digital prototypes for features and goods. As per the company’s statement, Volkswagen has established a new ‘artificial intelligence lab’ to produce innovative product concepts, which may involve uniting with technology companies in China, North America, and Europe. Read More

Group 1 Automotive reported record-breaking revenue and profits for 2023 but expects to cut roughly 10% of its U.K. workforce.

Dealership conglomerate Group 1 Automotive reported record-breaking earnings for 2023 but expects to downsize its U.K. workforce in an effort to improve cost efficiency. The dealership group generated $17.9 billion in annual revenue, an increase of 10.2%, from sales of 363,222 new and used vehicles alongside substantial contributions from its financing and fixed-ops businesses. Read More

During the major snowstorm that swept across the nation in mid-January, EV drivers had to compete with significantly reduced range.During the major snowstorm that swept across the nation in mid-January, several news outlets reported that electric vehicle drivers had to compete with significantly reduced range and long lineups at public charging stations. While compared to a gasoline-powered car, operating an electric vehicle in frigid weather presents additional obstacles. Alternative methods may be used to lessen the difficulty of driving an EV in the cold. Read More

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