Ford announces layoffs as part of its shift to EVs
Ford has begun notifying certain salaried and agency workers of layoffs this week, according to an internal email sent to its employees.
Ford has been signaling for weeks they would layoff...
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%
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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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Only 20 EVs are still currently eligible for tax credits
The Biden administration said yesterday that about 20 models of electric vehicles would qualify for tax credits worth up to $7,500 through the end of this year. The Inflation Reduction Act,...
Tesla has built over 3 million EVs, plans to boost output by 50% annually
Tesla founder and CEO Elon Musk tweeted over the weekend that Tesla production has surpassed the three million vehicle mark. In the tweet, Musk congratulated Tesla's Giga Shanghai factory after months of lockdowns...
Audi, Kia, Porsche EVs will lose US tax credit eligibility under new law
Automakers including Audi of America, Kia, and Porsche said that buyers of their electric vehicles would lose access to federal tax credits worth up to $7,500 once President Joe Biden signs the Inflation Reduction Act into...
NADA Chairman Mike Alford on EVs, OEM direct sales, and supply issues
It has been an incredible time in retail automotive for car dealers. Sales have been strong, considering the inventory crisis, and profits continue to soar. Today on Inside Automotive, we’re...
How will EVs affect your service department?
As dealers grapple with the impact that electric vehicles will have on their business, the one topic that is often glossed over is, what will these vehicles do to the...
LG Chem deal will supply General Motors cathode material for 5 million EVs
General Motors needs about 950,000 tons of cathode active materials (CAM) to reach its goal of becoming a carbon-neutral company by 2040. To get the 950,000 tons necessary to build electric...
High gas prices shrink gap between EVs and gas-powered cars in J.D. Power APEAL study
The recently released J.D. Power 2022 U.S. Automotive Performance, Execution and Layout (APEAL) study revealed that battery electric vehicle owners are less satisfied with charge times and driving range than they...
CEO Mary Barra: General Motors BEVs will outsell Tesla by 2025
In an interview with the Associated Press, General Motors Chief Executive Officer Mary Barra laid out the automaker’s plans and expectations for the future. Barra said that despite high inflation,...
Walmart is buying 4,500 EVs from Canoo to enhance last-mile delivery
Walmart has agreed to purchase 4,500 all-electric vehicles from Canoo, starting with the lifestyle delivery vehicle (LDV). The agreement also states that Walmart has the potential to purchase up to...
