Inside Automotive
How dealers can navigate the accelerating industry – Steve Greenfield | Automotive Ventures
On CBT News, Steve Greenfield, the CEO and Founder of Automotive Ventures, provides a forward-looking perspective and analysis of the retail automotive industry every week. Steve is a go-to source for industry professionals. In the latest episode of Inside Automotive, we catch up with Greenfield to find out what he has been up to and learn about the industry’s future. Watch the full segment here
Top stories
On January 30, a Delaware judge dismissed Elon Musk’s record-breaking $56 billion Tesla bonus package, describing it as “an unfathomable sum” that was unjust to shareholders. The Tesla board has been chastised for failing to oversee its belligerent, headline-grabbing CEO, who has battled authorities while also leading multiple other companies. Read More
General Motors is joining other automakers in prioritizing hybrid production as the car industry looks to balance stringent emissions requirements with slower-than-expected electric vehicle sales. During the company’s quarterly earnings call on Tuesday, GM CEO Mary Barra told shareholders the automaker would be revising its list of planned products to make space for plug-in hybrid electric vehicles (PHEV). Read More
United Auto Workers (UAW) president Shawn Fain and GOP candidate Donald Trump traded insults following the union’s official endorsement of President Joe Biden’s re-election campaign last week. In a post on social media platform Truth Social, a company he owns, Trump urged the UAW to dismiss its leader while promoting his own campaign. Read More
The BMW Group has released a spring update for its expanding lineup of electric vehicles, which includes adding a new i5 all-wheel drive model. The BMW i5 xDrive40 is scheduled to go into production in March as a 2025 model and will be priced in the range of the eDrive40 and M60 models. The BMW EV portfolio includes the all-electric 5 series, which debuted last year as a 2023 model. Read More
For Dealers
Ready for Super Bowl Sunday and it’s not just about the game
As we approach Super Bowl LVIII in Las Vegas, you can’t help but to look forward to a classic game between Kansas City and San Francisco who faced each other in the Super Bowl LIV in Miami. The Detroit Lions just fell short to make their first Super Bowl. But you can’t overlook how ironic it is that we would not have seen the Detroit 3 advertising in the Super Bowl even if Detroit had been there. While watching the NFC Championship last night it made me think about some of the great moments of automotive advertising. Many of us know it not all about the game, sometimes it about the ads. Read More
