TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%

Headlines

Stellantis plans to lay off thousands of workers at its operations in Detroit and Toledo, Ohio, blaming California's emissions restrictions

Stellantis announces layoffs at Detroit, Toledo assembly plants

- December 8, 2023
Stellantis has revealed intentions to lay off thousands of workers at its Jeep operations in Detroit, Michigan, and Toledo, Ohio, blaming California's emissions restrictions for the company's competitive disadvantage. The automaker...
Exploring major market trends: Stellantis' new EV launch, GM's charging stations, shifts in used EV sales, and new tax credit rules.

Weekly roundup: Stellantis brings electric Fiat 500e to U.S., GM opens EV charging stations, Biden tightens EV rules

- December 8, 2023
Earlier this week: Stellantis launched the Fiat 500e, marking its first EV foray in the U.S. GM's collaboration with EVgo opened up new EV charging stations at Pilot Travel Centers....
electric vehicle electric vehicles

House Republicans vote against Biden electric vehicle policies

- December 7, 2023
House Republicans voted in favor of a bill that would block some of the Biden Administration's electric vehicle policies, with several Democrats joining to approve the law. The bill in question...
Used vehicle prices continued to trend downward in November as the automotive industry entered into its holiday slump.

Used vehicle prices hit seasonal slump in November

- December 7, 2023
Wholesale used vehicle prices declined in November as the auto industry entered its seasonal slump. According to Cox Automotive's Manheim Used Vehicle Value Index, used vehicle prices declined 2.1% from October...
Ford announced that federal tax credits for its electric Mustang Mach-E vehicles may no longer be available starting in January 2024.

Electric Mach-E could lose eligibility for U.S. tax credits, says Ford

- December 7, 2023
On December 6, Ford announced that the federal tax credits for its electric Mustang Mach-E vehicles may no longer be available starting in January 2024. This is due to the...
GM and Autocar have reached a joint agreement to produce a line of zero tailpipe emission commercial vehicles to run on GM's Hydrotec power

GM, Autocar announce JV to create range of ZEV commercial vehicles

- December 7, 2023
General Motors and Autocar Industries have reached a joint development agreement to produce a line of zero-tailpipe emission commercial vehicles that run on GM's Hydrotec power cubes. By 2026, Autocar's Birmingham,...
Dealership service centers are facing more competition than ever from third-party repair and maintenance providers according to a new study.

Dealerships respond to rising competition with third-party service providers

- December 6, 2023
Dealership service centers have continued to lose business to non-franchised repair and maintenance providers, according to new research from Cox Automotive. Over the last few years, fixed op profitability has mostly...
Stellantis will re-introduce the Fiat 500e, a small but unique electric vehicle, for the U.S. car market in 2023.

Stellantis brings back Fiat 500e, marking first EV entry in U.S. car market

- December 6, 2023
Stellantis is relaunching the Fiat 500e in the U.S. car market, marking the first time the company has launched a fully electric vehicle in North America since its inception in...
Park Place Dealerships awarded $100,000 to over a dozen non-profits throughout October as part of its 3rd annual Season of Giving initiative.

Park Place Dealerships donate $100,000 to 18 North Texas non-profits

- December 6, 2023
Park Place Dealerships awarded $100,000 to over a dozen non-profits throughout the month of October as part of its third annual Season of Giving initiative. The dealership's charitable arm, Park...
GM CEO Mary Barra revealed that on Jan 8, salaried employees within 50 miles of an office site must report in person at least 3 days a week, economic

GM mandates new return-to-office policy for salaried workers

- December 6, 2023
The days of fully remote working are over. On December 5, General Motors CEO Mary Barra informed staff members that the company is altering its return-to-work policy, mandating that salaried...
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