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New car inventory levels, Nissan lowers profit forecast, states sue EPA

CBT News -
Women Driving The Industry Jenell Ross celebrates 50 years at the helm of the nation’s only black woman-owned Buick, GMC, and Mercedes-Benz Dealership The Bob Ross Auto...

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Nissan cuts profit forecast but still expects to beat prior year by wide margin

Colin Velez - 0
Nissan has lowered its profit forecast for the fiscal year ended in March due to missed global sales targets. The Japanese automaker revealed the adjustment...
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Republican attorneys general sue EPA over emission standards

Jaelyn Campbell - 0
On April 18, Republican attorneys general from 25 states filed a lawsuit against the U.S. Environmental Protection Agency (EPA). They claimed the agency had...
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New vehicle days’ supply shrinks as affordability drives demand

Colin Velez - 0
New vehicle inventory was stable month-over-month in early April due to a sizeable increase in demand but remained far ahead of prior-year levels thanks...
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Faulty accelerator pedal prompts recall of Tesla’s Cybertruck

Jaelyn Campbell - 0
On Friday, April 19, the National Highway Traffic Safety Administration (NHTSA) issued a recall for Tesla's Cybertruck, Elon Musk's acclaimed 'best product ever ',...
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Industry News

Automotive weekly roundup: Tesla layoffs, governors protest unions, Mexico refuses incentives

Colin Velez - 0
Earlier this week: A leaked internal memo reveals that Tesla will lay off 10% of its global workforce after quarterly sales declined. New car...
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Mexico denies BYD, other Chinese car makers, access to incentives

Colin Velez - 0
Mexico has reportedly denied Chinese automakers access to government incentives due to pressures from U.S. officials. According to a Reuters report, Mexican officials met with...
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Stellantis pays $100,000 to supplier to prevent factory closures in Indiana

Jaelyn Campbell - 0
Stellantis recently prevented factory closures by paying a supplier $100,000. The supplier, MacLean-Fogg Component Solutions LLC, had threatened to cease shipping pinions and gears...
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Wholesale used vehicle prices slip in early April as sales pace slows

Colin Velez - 0
Used vehicle prices at auction declined again in the first half of April as the average pace of sales slowed following a burst of...
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