Ford slashes stock bonuses for middle managers in cost-cutting move
Ford is reducing stock bonuses for middle managers, with approximately half of eligible employees set to lose out on the incentive for 2024. The decision, seen as part of CEO...
TSLA385.190-13.31%
GM92.4304.09%
F12.6700.36%
RIVN14.0600.77%
CYD21.510-0.68%
HMC35.2201.23%
TM199.4606.46%
CVNA77.5506.27%
PAG212.3000.09%
LAD315.64016.87%
AN183.4704.96%
GPI272.8107.8%
ABG208.88011.11%
SAH64.0503.37%
TSLA385.190-13.31%
GM92.4304.09%
F12.6700.36%
RIVN14.0600.77%
CYD21.510-0.68%
HMC35.2201.23%
TM199.4606.46%
CVNA77.5506.27%
PAG212.3000.09%
LAD315.64016.87%
AN183.4704.96%
GPI272.8107.8%
ABG208.88011.11%
SAH64.0503.37%
TSLA385.190-13.31%
GM92.4304.09%
F12.6700.36%
RIVN14.0600.77%
CYD21.510-0.68%
HMC35.2201.23%
TM199.4606.46%
CVNA77.5506.27%
PAG212.3000.09%
LAD315.64016.87%
AN183.4704.96%
GPI272.8107.8%
ABG208.88011.11%
SAH64.0503.37%
Headlines
New vehicle affordability hits best level in over three years
New vehicle affordability improved in January to its highest level in 41 months/ about three years, according to the latest Cox Automotive/Moody’s Analytics Vehicle Affordability Index.
Lower vehicle prices, higher incomes,...
Asbury Automotive to acquire 33 dealerships from Herb Chambers Companies
Asbury Automotive Group has reached a definitive agreement to acquire 33 dealerships and three collision centers from The Herb Chambers Companies (HCC), marking one of the largest transactions in U.S....
Tesla faces protests over Musk’s political moves amid sales decline
Tesla is facing mounting pressure both externally and internally. Protests have erupted across dozens of its North American stores, and there are signs of growing unrest within the company. This...
Hyundai ramps up U.S. production to qualify for federal tax credit
After failing to qualify for the federal EV tax credit, Hyundai is intensifying its efforts to regain eligibility by ramping up U.S. production and sourcing more electric vehicle (EV) battery...
Toyota, Lexus issue recall for 40K vehicles amid seat belt manufacturing issues
Toyota and Lexus are recalling 40,922 vehicles due to concerns over potentially damaged second-row center seat belt issues. The issue occurred during the manufacturing process and could cause the seatbelts...
Trump targets auto imports with new tariffs by April
On Friday, President Donald Trump announced plans to impose new tariffs on automobiles, set to take effect around April 2. While the president did not provide details on the scope...
Trump administration takes aim at California’s zero-emission mandates
The Trump administration is taking steps to challenge California’s authority to set stricter vehicle emissions standards, targeting rules that mandate the sale of zero-emission vehicles (ZEVs). On Friday, Environmental Protection...
IRS will give adviser from Musk’s DOGE access to tax data
The Internal Revenue Service (IRS) is preparing to grant broad access to taxpayer data to an adviser from Elon Musk’s Department of Government Efficiency (DOGE), according to a draft agreement...
Retail used-vehicle sales surge in January, outpacing 2024 trends
Retail used-vehicle sales showed an upward trend in January, with a notable 8% increase year-over-year, according to Cox Automotive’s vAuto Live Market View data. In total, 1.41 million used vehicles...
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