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

Magna expands its Michigan workforce after securing the GM Silverado EV contract

- February 14, 2023
A major auto supplier, Magna International, was awarded the contract to provide the battery enclosures for the 2024 Chevrolet Silverado electric pickup.  Battery enclosures, which store high-voltage batteries, electrical parts, sensors,...
Koji Sato

Restructuring Toyota’s EV strategy is the top priority for the next CEO

- February 14, 2023
With a new leadership team recently introduced, Toyota's incoming CEO, Koji Sato, has pledged to "drastically" rework the automaker's sluggish EV strategy in order to rebuild the largest automaker in...
LFP

Ford and CATL confirm new LFP battery factory, announce location

- February 14, 2023
Yesterday afternoon, Ford and Chinese battery maker CATL confirmed a new lithium iron phosphate (LFP) battery factory in Michigan. The news arrives some weeks after Virginia Governor Glenn Youngkin refused to...
Evolve+

Hyundai unveils vehicle subscription service Evolve+ in Chicago

- February 13, 2023
Last week, Hyundai announced a new vehicle subscription service titled Evolve+ at the 2023 Chicago Auto Show. The brand revealed that customers would now be able to drive select vehicles for...
Honda operating profits (yen)

Honda’s Q3 performance a mixed bag: more operating profits, fewer sales

- February 13, 2023
Last Friday, Honda published its third quarter financial summary, revealing impressive gains in operating profits but disappointing sales and limited production. The automaker's operating profits grew 21% from the previous quarter,...
J.D. Power Ford results

GM excels, Ford falls short in J.D. Power vehicle dependability study

- February 13, 2023
As Ford's CEO Jim Farley has often stated, the carmaker must increase quality, and the new 2023 J.D. Power U.S. Vehicle Dependability Study, which was announced on Feb. 9, places...
Ford and Rivian

Ford cuts Rivian stake by about 1%, predicting a difficult year ahead

- February 13, 2023
A week after the Detroit automaker revealed a decline in profit and forecasted a challenging year, Ford reduced its share in struggling EV manufacturer Rivian to 1.15% on February 10. Due...
Weekly roundup 2/10/23

Weekly Roundup: New NAMAD President has big plans, Deloitte shares 2023 car buying behavior trends

- February 10, 2023
Weekly Roundup: Study finds car dealers are vulnerable to the uptick in cybersecurity threats, used vehicle prices inch higher in January, President Biden reworks tax credits for electric vehicles, and more...
cybersecurity threats, cyberattacks

Experts warn OEMs and dealerships both at risk for cyberattacks

- February 10, 2023
Researchers and experts are increasingly sounding the alarm over the auto industry's vulnerability to cybersecurity threats, which can place business operations and sensitive consumer information at risk. With the sudden proliferation...
auto workers

DOL and Mercedes-Benz team up to train the next generation of auto workers

- February 10, 2023
This Wednesday, the U.S. Department of Labor revealed a collaboration with Mercedes-Benz USA to train and equip future auto workers for their careers in the industry. The partnership will provide participants...
CBT News
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