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GM invests over $1 bln, Ford recalls Lincoln SUVs, Stellantis fined for failure to meet NHTSA regulations

Inside Automotive 

How to secure lender-qualified payments upfront with digital retail – Pete Maclnnis I eLEND Solutions
Today’s economic headwinds have forced dealerships across the nation to alter the way they achieve customer satisfaction. On today’s Inside Automotive, we’re joined in studio by Pete Maclnnis, CEO of eLEND Solutions, to discuss how affordability is impacting the Digital Retail process. Watch the full segment here

Top stories

GM heavy-dutyOn June 5, General Motors announced its plans to invest more than $1 billion in two Michigan plants for the production of its next-generation heavy-duty trucks. The investment includes $788 million to prepare its Flint Assembly plant to build the heavy-duty and diesel trucks. Read More

Ford is recalling 142,734 Lincoln vehicles over a fire hazard and has advised owners to park outside until they can visit their dealerFord is recalling 142,734 Lincoln vehicles over a potential fire hazard and has advised owners to park outside until they can visit their dealership for repairs. According to the National Highway Traffic Safety Administration (NHTSA), a battery monitor sensor in the affected vehicles can short circuit, causing the engine to catch fire even when the car is turned off. Read More

Image Source: David Butow- GETTY IMAGES

Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years. The National Highway Traffic Safety Administration, which administers the Corporate Average Fuel Economy (CAFE) program; reported record-setting penalties that included $235.5 million for Stellantis and $128.2 million for GM.  Read More

Analysts expect to see car prices drop in the coming months as automakers overproduce in the face of declining demand.Analysts expect to see car prices drop in the coming months as automakers overproduce in the face of declining demand. A report by UBS predicts that car manufacturers will build more vehicles than they can sell by the end of the year, leaving the industry with a surplus of five million units. To address this discrepancy, automakers will need to cut car prices to find buyers. Read More

For Dealers 

May’s auto sales are defying even Cox Automotive’s initial expectations, as it looks like many automakers are reporting year-over-year gainsMay U.S. auto sales
May’s new auto sales are defying even Cox Automotive’s initial expectations. It looks like the release of pent-up demand due to an increase in inventory is a significant culprit. Also, some automakers are reporting year-over-year gains. Nevertheless, while May seems to be a stand-out compared to last year, there is a bit of a drop compared to April. Read More

Focusing on diversity and inclusion in the automotive industry has shifted from being a "nice-to-do" to an essential business initiativeDriving diversity: Embracing Inclusion for automotive retail success
Focusing on diversity and inclusion in the automotive industry has shifted from being a “nice-to-do” to an essential business initiative. Many automakers have started to prioritize these efforts, while some dealers are also following suit. How are diversity and inclusion shaping the automotive retail experience and impacting how dealers do business and interact with their customer bases? Read More

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Jaelyn Campbell
Jaelyn Campbell
Jaelyn Campbell is a staff writer/reporter for CBT News. She is a recent honors cum laude graduate with a BFA in Mass Media from Valdosta State University. Jaelyn is an enthusiastic creator with more than four years of experience in corporate communications, editing, broadcasting, and writing. Her articles in The Spectator, her hometown newspaper, changed how people perceive virtual reality. She connects her readers to the facts while providing them a voice to understand the challenges of being an entrepreneur in the digital world.

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