Your #1 source for auto industry news and content

CBT automotive newscast: October 2, 2020

Today’s Featured Interview:

How do you successfully recover from a bad work day or week? We all have these days, no matter your position in the retail automotive industry, so on today’s show, we’re bringing you motivation techniques and some leadership advice from someone who truly gets it. He has been named “One of the Outstanding Five Speakers in the World” by members of Toastmasters International, and only 50 speakers have been given that honor. We’re pleased to welcome Dr. Willie Jolley, motivational speaker, author, and singer on today’s show to share his insight on achieving better results. Watch the full segment here.

Top Headlines:

Ford Motor Company’s Jim Farley shook things up on his first official day as CEO on Thursday. In an effort to drive growth and innovation at Ford, Farley announced some “operational and leadership changes” by replacing current CFO Tim Stone with Ford veteran John Lawler. This move firmly cements Farley’s position of power at Ford and demonstrates to shareholders that he’s not wasting any time.

According to a Yahoo Finance earnings analysis, Lithia Motors has released strong preliminary third-quarter numbers. Based on the results, Lithia is predicting net income per diluted share in the range of $6.10 to $6.40 for the quarter. This shows an increase of 68-76% from this time last year. Despite the economic burden faced by the auto industry due to the outbreak of COVID-19, the company continues to deliver solid results.

Tesla’s Autopilot system has ranked sixth out of 10 driver assistance systems evaluated in a European safety assessment, scoring low on its ability to keep drivers engaged. The EV titan’s Model 3 received the highest marks for performance and ability to respond to emergencies, however, it did not perform well enough overall to out-pace the Mercedes-Benz GLE’s system.

The city of Libertyville, Illinois has revived its “Shop Libertyville Rewards” program to support local small businesses in the community. Customers who purchase or lease a new vehicle from any of the town’s 12 dealerships, will receive a $200 credit to spend at participating small businesses around the city. This tight-knit community heavily relies on auto dealers for sales tax revenue and job creation, and this program has gotten positive responses from residents and business owners alike.

News Stories & Opinion:

debateRecap of auto-related mentions in 1st Presidential Debate
As most people were expecting, the first presidential debate was full of shouting and chaos between President Donald Trump and presidential-hopeful Joe Biden. Much of the debate entailed topics such as the coronavirus pandemic and legal matters, but the auto industry got a few moments in the spotlight when the conversation turned to the economy and climate issues. Read More

FordAs Farley takes helm at Ford, leadership reorganization begins
Effective Oct 1, Jim Farley took the reins as the eleventh CEO of Ford Motor Company with a mission to strengthen Ford’s automotive operations. Focused on building Ford’s top performers further and expanding into “high-growth opportunities”, along with developing a stable of electric vehicle and autonomous technology, the new CEO began his post with a shuffle of the carmaker’s top leadership. Read More

Did you enjoy today’s automotive newscast? Please share your thoughts, comments, or questions regarding this topic with host Jim Fitzpatrick at

Be sure to follow us on Facebook and Twitter to stay up to date or catch-up on all of our podcasts on demand.

While you’re here, don’t forget to subscribe to our email newsletter for all the latest auto industry news from CBT News.

CBT News
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.

Related Articles

Latest Articles

From our Publishing Partners