EV startup Lucid plans to lay off approximately 1,300 employees
In an effort to reduce running costs and preserve cash before launching a second model next year, EV startup Lucid plans to lay off roughly 1,300 employees, or 18% of...
TSLA348.750-6.06001%
GM86.2700.09%
F13.870-0.08%
RIVN16.070-0.73%
CYD38.210-2.18%
HMC31.8600.53%
TM194.4802.48%
CVNA74.040-0.05%
PAG217.010-0.84%
LAD370.360-0.68%
AN200.0901.34%
GPI263.9501.91%
ABG211.6200.95%
SAH79.6800.39%
TSLA348.750-6.06001%
GM86.2700.09%
F13.870-0.08%
RIVN16.070-0.73%
CYD38.210-2.18%
HMC31.8600.53%
TM194.4802.48%
CVNA74.040-0.05%
PAG217.010-0.84%
LAD370.360-0.68%
AN200.0901.34%
GPI263.9501.91%
ABG211.6200.95%
SAH79.6800.39%
TSLA348.750-6.06001%
GM86.2700.09%
F13.870-0.08%
RIVN16.070-0.73%
CYD38.210-2.18%
HMC31.8600.53%
TM194.4802.48%
CVNA74.040-0.05%
PAG217.010-0.84%
LAD370.360-0.68%
AN200.0901.34%
GPI263.9501.91%
ABG211.6200.95%
SAH79.6800.39%
auto industry news
NHTSA investigates claims of seat belt failure in over 50,000 Tesla Model X vehicles
U.S. auto safety regulators have announced they are opening an evaluation into 50,000 Tesla Model X vehicles after receiving complaints reporting front seat belt failures.
The National Highway Traffic Safety Administration...
New software updates have merged Rivan’s navigation with Tesla’s Superchargers
Rivian's navigation system has been integrated into Tesla’s most recent software update as part of the automaker's attempt to utilize a special plug in the brand's Superchargers.
The first few Supercharger...
Restructuring Toyota’s EV strategy is the top priority for the next CEO
With a new leadership team recently introduced, Toyota's incoming CEO, Koji Sato, has pledged to "drastically" rework the automaker's sluggish EV strategy in order to rebuild the largest automaker in...
VinFast delays vehicle deliveries in the United States until late February
After finishing installing the most recent software updates, VinFast, a Vietnamese EV manufacturer, announced that it would postpone deliveries to car buyers in the United States until the second half...
LG and GM have discontinued their partnership on a fourth battery factory
After failing to reach an agreement on specifics for the fourth plant, General Motors and LG Energy Solution have tentatively abandoned plans to build a battery cell plant together in...
Using video to improve transparency in your service department – Joe Shaker
Today’s consumers are counting on their dealers to be transparent more than ever. Video is a fantastic resource to build trust due to the clear and honest communication it makes...
GMs racketeering case looks to Supreme Court, Volvo’s powertrain improvements, Lincoln’s new EV agreement
Inside Automotive
Dealer Jay Feldman brings first standalone Jeep dealership to Michigan
In December of last year, Feldman Automotive Group, a partnership founded in collaboration with actor Mark Wahlberg, celebrated the grand...
CEO Carlos Tavares says Stellantis might shutter more auto plants, cites high EV costs
Carlos Tavares, CEO of Stellantis, warned on Thursday at CES 2023 that more car factories might close if high electric vehicle (EV) prices drive consumers out of the market and...
Ford U.S. sales dip in Q4, F-Series remains top selling truck
Contrasted with 2021, Ford Motor Company announced lower U.S. sales for the last three months of 2022. However, the carmaker continued to dominate the truck market despite Stellantis-built Chevy Silverados and...
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