VW CEO Herbert Diess will step down at the end of August
Volkswagen confirmed on Friday that current CEO Herbert Diess would be leaving his post at the end of August. Taking over for Diess on September 1 will be Oliver Blume,...
TSLA435.790-6.31%
GM83.240-1.11%
F17.4400.79%
RIVN16.3001.1%
CYD56.7200.39%
HMC26.990-0.3%
TM189.950-1.89%
CVNA73.000-0.49%
PAG167.370-0.8%
LAD290.890-4.73%
AN187.720-6.02%
GPI316.340-10.09999%
ABG187.710-7.04%
SAH82.620-1.12%
TSLA435.790-6.31%
GM83.240-1.11%
F17.4400.79%
RIVN16.3001.1%
CYD56.7200.39%
HMC26.990-0.3%
TM189.950-1.89%
CVNA73.000-0.49%
PAG167.370-0.8%
LAD290.890-4.73%
AN187.720-6.02%
GPI316.340-10.09999%
ABG187.710-7.04%
SAH82.620-1.12%
TSLA435.790-6.31%
GM83.240-1.11%
F17.4400.79%
RIVN16.3001.1%
CYD56.7200.39%
HMC26.990-0.3%
TM189.950-1.89%
CVNA73.000-0.49%
PAG167.370-0.8%
LAD290.890-4.73%
AN187.720-6.02%
GPI316.340-10.09999%
ABG187.710-7.04%
SAH82.620-1.12%
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Ford reportedly laying off 8,000 employees in preparation for EV expansion — Bloomberg
Ford is considering significant staff reductions as the automotive industry transitions to electric vehicles. Ford is preparing to lay off 8,000 salaried employees, or almost a quarter of its us...
CBT automotive newscast: July 26, 2022
Inside Automotive:
Exclusive: New Lordstown Motors CEO Edward T. Hightower shares major plans for EV fleet buyers
Lordstown Motors has a new CEO and the announcement is making history. The electric vehicle...
Rivian teases further expansion into commercial EV market
According to CEO RJ Scaringe, Rivian Automotive is working on a broader range of electric commercial cars in a variety of designs and anticipates producing millions of EVs annually at...
CBT automotive newscast: July 25, 2022
Inside Automotive:
Will economic headwinds make a dent in dealer profitability? Charlie Chesbrough explains.
As the automotive retail industry settles into the third quarter, analysts are reviewing mid-year sales data and updating...
Ford steps up EV push with series of supplier agreements
Ford Motor Company announced on Thursday that it would purchase lower-cost lithium iron batteries from Chinese battery leader CATL for its electric pickup trucks and SUVs sold in North America.
Ford is also working on a...
CBT automotive newscast: July 22, 2022
Inside Automotive:
5 crucial qualities sales managers should look for when hiring salespeople — Matt Easton
Are you a sales manager that has been tasked with hiring and recruiting top salespeople? Oftentimes,...
CBT automotive newscast: July 21, 2022
Inside Automotive:
Mid-year US auto sales analysis with NADA's Chief Economist Patrick Manzi
The National Automobile Dealers Association recently issued its second-quarter economic and auto sales analysis for 2022. Today on Inside...
Cadillac Lyriq buyers offered $5,500 discount if they sign an NDA to allow tracking
Cadillac is now offering $5,500 discounts to a small group of Lyriq buyers, who are ready to sign an NDA and permit Cadillac to monitor their usage, the Detroit Free...
5 electric cars making waves with solar-powered innovation
As electric vehicles are becoming more prominent and the phase-out of gas-powered cars continues, automakers are working to develop ways to advance eco-friendly technologies and make the transition to EVs...
