TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%

Headlines

Hudson Automotive Group has signed an agreement to purchase five storefronts from Vic Bailey Automotive of Spartanburg.

Hudson Automotive Group to acquire Vic Bailey Automotive of Spartanburg

- October 24, 2023
Hudson Automotive Group is set to acquire South Carolina dealership group Vic Bailey Automotive. According to a Monday press release, the two businesses have already signed an agreement, with a purchase...
The UAW president informed members that the union would carry out its strike to demand even better deals despite offering record contracts. 

UAW extends strike to Stellantis Ram plant—Shawn Fain: ‘There’s more to be won’

- October 23, 2023
The United Auto Workers (UAW) President Shawn Fain informed members that the union would continue its strike, demanding even better deals despite the Detroit-Three automakers offering record contracts.  On October 20,...
Fixed operations activity and revenue both declined in September, according to a Cox Automotive analysis of Xtime Metrics.

Fixed operations earnings, activity see declines in September

- October 23, 2023
Fixed operations were less busy and less profitable in September, a sudden departure from form in what has otherwise been a triumphant year for the service department. According to Cox Automotive's...
The U.S. DOJ has issued subpoenas to Tesla as part of the EV maker's ongoing investigation into its autopilot technology, and other claims. 

DOJ issues subpoena to Tesla for ongoing Autopilot investigations

- October 23, 2023
The U.S. Department of Justice (DOJ) has issued subpoenas to Tesla as part of the EV maker's ongoing investigation into its driving range, autopilot technology, and performance claims.  In August, the...
Fisker raised and lowered prices on various models as electric vehicle manufacturers adapt to changing market dynamics.

Fisker adjust prices as electric vehicle segment faces demand cool down

- October 23, 2023
Electric vehicle maker Fisker today adjusted prices across its lineup several weeks ahead of the release of its third-quarter report. Prices for some models increased while others decreased. The more expensive...
Pennsylvania-based Stewart companies will sell Apple Automotive to Ciocca Dealership in Southern Pennsylvania, according to Automotive News. 

Ciocca Dealerships is set to acquire Apple Automotive early next year

- October 20, 2023
In the first quarter of 2024, Pennsylvania-based Stewart Companies will sell Apple Automotive, which is comprised of 10 dealerships, to Ciocca Dealerships in Southern Pennsylvania, according to a new release.  CEO...
Toyota and Lexus have reached a deal with Tesla to make NACS-compatible models, expanding electric vehicle charging accessibility.

Toyota and Lexus to adopt Tesla’s EV charging standard by 2025

- October 20, 2023
Toyota and its subsidiary Lexus have signed a deal with Tesla to adopt the North American Charging Standard (NACS), joining a growing list of major automakers taking action to improve...
United Auto Workers members at Alabama's ZF factory reached a deal with company executives on Wednesday, ending a 29-day strike.

United Auto Workers members end strike at ZF plant

- October 20, 2023
United Auto Workers members at Alabama's ZF factory reached a deal with company executives on Wednesday, ending a 29-day strike. On September 20, roughly 190 unionized employees rejected a contract offer...
Electric vehicle brands Lucid, Rivian, and VinFast posted financial results this week that underscored the market's current struggles.

VinFast and Yorkville reach $1 billion share deal

- October 20, 2023
In an attempt to finance its international market expansion, American fund Yorkville Advisors has agreed to a share subscription pact of up to $1 billion with Vietnamese EV maker VinFast. VinFast...
Explore this week's automotive industry news: enhanced new car affordability, EV sales surge, industry layoffs, and EPA emissions.

Weekly roundup: New car affordability, EV growth, and layoffs amid UAW actions

- October 20, 2023
Earlier this week: Car buyers experienced improved affordability for new vehicles despite rising interest rates, with Cox Automotive reporting a decline to 42.2 weeks of income as the cost for...
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