TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%
TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%
TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%

Headlines

Mercedes-Benz dealerships owned by Bill Ussery sell for $150 million

- August 10, 2023
Bill Ussery Motors has sold its Mercedes-Benz of Cutler Bay and Mercedes-Benz of Coral Gables dealerships for a total of $150 million.  The price of the actual estate is reflected in...
Shawn Fain, president of the UAW, denounced an agreement offered by Stellantis amidst ongoing talks over union pay and benefits.

UAW president Fain denounces Stellantis proposal amidst negotiations

- August 9, 2023
Shawn Fain, president of United Auto Workers (UAW), denounced an agreement offered by Stellantis amidst ongoing contract negotiations between Detroit automakers and union representatives. In its proposal, Stellantis sought terms that...
New car prices rose only 0.4% year-over-year in July, the smallest annual increase in a decade according to Cox Automotive.

New car prices see slight increase in July as inventory recovers

- August 9, 2023
New car prices rose only 0.4% year-over-year in July, the smallest annual increase in a decade. According to Cox Automotive, average transaction prices reached $48,334 by the end of the month,...
In the most recent quarter, Honda's operating profit increased by 78% as improved semiconductor supply and sales jumped for the automaker.

Honda’s most recent quarter saw record profits and robust sales

- August 9, 2023
In the most recent quarter, Honda's operating profit increased by 78% as improved semiconductor supply fueled North American production and increased sales for the Japanese manufacturer. Honda reported its financial results...
Rivian revealed a second-quarter loss that was narrower than expected and raised its EV production guidance for the full year

Rivian reveals smaller than expected quarterly loss, updates its 2023 EV production

- August 9, 2023
On August 8, the EV maker Rivian revealed a second-quarter loss that was narrower than expected and raised its EV production guidance for the full year. Now, the automaker anticipated...
Lucid has confirmed it is on track to meet its annual production target of 10,000 electric vehicles, despite missing revenue guidance for Q2.

Lucid reaffirms production target despite underwhelming earnings

- August 8, 2023
Lucid has confirmed it is on track to meet its annual production target of 10,000 electric vehicles, despite scoring lower-than-expected revenue in the second quarter. In its earnings report, the electric...
Chrysler recall

Chrysler recalls roughly 45,000 vehicles due to interior interference with airbags

- August 8, 2023
Officials claimed Chrysler is recalling almost 45,000 vehicles because the upper B-pillar inside trim may not be seated entirely, which could prevent airbag deployment. According to the U.S. National Highway Traffic...
General Motors plans to offer bidirectional charging technology on a wider list of upcoming electric vehicles than previously expected.

General Motors expands V2H-capable electric vehicle lineup

- August 8, 2023
General Motors plans to offer bidirectional charging technology, also known as vehicle-to-home (V2H) charging, on a wider list of upcoming electric vehicles than previously expected, expanding access to a new, helpful...
Tesla tax credit

In an updated guidance, Tesla is now eligible for $4,000 used EV tax credit

- August 8, 2023
A significant feature of the Inflation Reduction Act is the tax credit for used electric vehicles. The credit, which has a maximum value of $4,000, is available for used EVs,...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has resigned from his position at the electric vehicle brand.

Tesla CFO steps down amidst falling margins and electric vehicle price war

- August 7, 2023
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the electric vehicle brand. In a Linkedin post...

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