Tag: auto industry news
VADA President Don Hall talks EVs and warranty service: ‘We can...
Don Hall, president and CEO of the Virginia Automobile Dealers Association, is one of the industry's most recognized thought leaders, often leading the charge...
Tesla shareholders publish open letter calling for directors to reign in...
On April 21, shareholders penned an open letter to Tesla's board of directors, criticizing CEO Elon Musk and urging company leaders to focus their...
Former GM President and civic leader Lloyd Reuss dies at 86
Lloyd Reuss, former president of General Motors and devoted civic leader, passed away on April 21, 2023, at age 86. At 36 years old, Reuss...
GM recalls over 40,000 Chevrolet trucks over fire-causing brake fluid leak
General Motors is recalling over 40,000 Chevrolet trucks after discovering a potential fire hazard in certain models.
The recall affects 40,428 Silverado pickups built between...
How Honda dealers are preparing for the future of automotive retailing...
Honda's U.S. Segment is off to a strong start in 2023, with record-breaking EV sales and impressive year-over-year growth for the first quarter. But...
Tesla faces criticism over new pricing strategy, self-driving promises
Tesla is facing some pushback over its April 20 quarterly earnings call as investors and industry insiders contend with the automaker's new stances on...
AutoNation posts declining profits in Q1, will take ‘more cautionary approach’
AutoNation published its quarterly earnings report on April 20, shedding new light on the difficulties facing the dealership group as looks to stay ahead...
Are dealers prepared to change for the customers of tomorrow? —...
Dealers are still enjoying tremendous profits despite the economic headwinds and inventory constraints. But with the changing technological landscape and the evolution of consumer...
VW and GM EVs to keep full tax credit under Treasury’s...
With the Treasury Department's new domestic sourcing guidelines for electric vehicle batteries now in effect, two major players in the U.S. automotive sector have...
Tesla reveals lower profits, new Cybertruck details during Q1 earnings call
During Tesla's quarterly earnings call, worries over the automaker's declining profits were confirmed as the company revealed its net income had declined 24% from...
