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Rivian

First electric pickup truck rolls off Rivian assembly line

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On Tuesday, Rivian achieved a monumental milestone for the electrified auto market by becoming the first carmaker to produce a sale-able mass-market EV pickup truck. The company produced the first Rivian R1T pickup intended for a customer at its manufacturing plant in Normal, Illinois. Rivian CEO RJ Scaringe tweeted, “After months of building pre-production vehicles, […]
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Rivian

Rivian factory in UK possible as carmaker reportedly in talks...

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Rivian Automotive has been in discussions with UK ministers about building the first factory outside of the United States to produce their all-electric vehicles. The news broke on Saturday by Sky News whose source claims Rivian has been in “secret negotiations” with ministers from the British government regarding a potential factory site near Bristol. An […]
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Amazon

Amazon leads the way with commitment to 14 more renewable...

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Amazon has announced 14 new projects using renewable energy to offset and/or reduce their emissions.  The projects are spread across locations in the US, Canada, Spain, and Finland with the objective to accelerate the fulfillment of The Climate Pledge ahead of schedule. It positions Amazon as the world’s largest corporate buyer of renewable energy. The […]
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auto industry

CBT Automotive Newscast: September 2, 2020

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Today’s Featured Interview: Dale Pollak On the New Map for the Used-Car Business With inventory challenges continuing and uncertainty surrounding the market, dealers are having to make tough decisions. Industry expert Dale Pollak founder of vAuto and executive vice president of Cox Automotive, joined us to talk about the state of the retail auto industry […]
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dealers

CBT Automotive Newscast: September 1, 2020

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Today’s Featured Interview: Annette Sykora Shares Her Journey in Automotive and Becoming NADA’s First Chairwoman Women continue to gain prominent leadership roles in automotive as the industry continues to evolve. Annette Sykora joined our show to talk about her journey in the industry. Annette was the first female to hold the role of Chairwoman for […]
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fulfillment centers

Could Auto Retailers Copy Amazon’s Model for Fulfillment Centers?

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Online retail giant Amazon and Simon Property Group Inc. are in talks to use empty retail locations in malls as depots and fulfillment centers, according to a report from the Wall Street Journal. Amazon is specifically looking at JCPenney and Sears locations that have now closed up shop due to bankruptcies at both companies. Simon […]
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What Amazon’s Acquisition of Zoox Means for the Autonomous Mobility...

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On today’s show, we’re pleased to welcome Katrin Zimmermann, Managing Director at TLGG Consulting. In this segment, Katrin and Jim take a deep dive into Amazon’s acquisition of Zoox, a company that specializes in autonomous mobility. Katrin also provides her perspective on the future of autonomous vehicles, and how market consolidation might affect innovation. Over-the-Air […]
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Rivian

Rivian and Amazon Teaming Up for Electric Deliveries

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In a move similar to the collaboration that Walmart announced with Tesla in late 2017, Amazon has announced that the e-commerce giant has invested in a slew of Rivian electric delivery trucks and is hopeful some of them will be on the road in 2021. Amazon CEO Jeff Bezos recently revealed “The Climate Pledge,” which […]
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disruptors

What Dealers Can Learn From Auto Retail Disruptors Like Carvana...

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Thank you so much for joining us on another edition of CBT News. Today, we’re pleased to welcome back Zach Klempf, founder and CEO of Selly Automotive, to discuss the latest trends and disruptors in the auto retail industry. VIDEO TRANSCRIPT:  Jim Fitzpatrick: I know that you know this young man right here sitting next […]
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Carvana

“The Amazon of Auto” Carvana Restores Faith From Investors

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Despite the “massive losses and negative cash flow” that Carvana has experienced within the past few years, the used auto retailer is making a comeback with better numbers as well as new advances in technology. Since making it onto the New York Stock Exchange two years ago, the company has been able to stay relevant […]
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