Tag: auto industry
LG Chem deal will supply General Motors cathode material for 5...
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...
CBT automotive newscast: July 27, 2022
Inside Automotive:
Buy/sell expert Alan Haig on buyer confidence and industry consolidation
Are you wondering if now is the time to sell your car dealership or...
Exclusive: New Lordstown Motors CEO Edward T. Hightower shares major plans...
Lordstown Motors has a new CEO and the announcement is making history. The electric vehicle startup appointed Edward T. Hightower into this role, making...
Should your service department consider using automated vehicle inspections?
The automotive industry is evolving rapidly, and with that comes changes in how dealerships operate. In particular, automated vehicle inspections are changing the game...
Georgia gives $1.8 B in tax breaks to Hyundai to build...
According to a signed agreement made public late last week, the state of Georgia and local governments will provide Hyundai Motor Group with $1.8...
SEC once again subpoenas Tesla over Musk’s go-private tweet
In a quarterly regulatory filing released on Monday, Tesla stated that the company has been served with a fresh subpoena by the U.S. Securities...
VW CEO Herbert Diess will step down at the end of...
Volkswagen confirmed on Friday that current CEO Herbert Diess would be leaving his post at the end of August. Taking over for Diess on...
Ford reportedly laying off 8,000 employees in preparation for EV expansion...
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...
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...
Will economic headwinds make a dent in dealer profitability? Charlie Chesbrough...
As the automotive retail industry settles into the third quarter, analysts are reviewing mid-year sales data and updating their forecasts for the remainder of...