TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


auto industry

Used vehicle sales rise, Tesla CFO resigns, Lucid drops Air prices

- August 8, 2023
Inside Automotive The halfway point: where car dealers see themselves in the next 6 months — Scott Gruwell | Courtesy Automotive Group For the better part of seven decades, the Courtesy Automotive...
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has resigned from his position at the electric vehicle brand.

Tesla CFO steps down amidst falling margins and electric vehicle price war

- August 7, 2023
Zach Kirkhorn, chief financial officer of Tesla and long-time Elon Musk ally, has formally resigned from his position, ending a 13-year tenure at the electric vehicle brand. In a Linkedin post...
Used vehicle sales increased in July as prices and inventory normalized from 2022's tumultuous market conditions.

Used vehicle sales rise in July as prices and inventory decline

- August 7, 2023
Used vehicle sales increased in July as customers prioritized affordable car prices and inventory normalized from 2022's tumultuous market conditions. According to Cox Automotive data, purchases from retailers rose 6% from...
On August 3, 2023, Hyundai and Kia announced they were recalling more than 113,000 newer vehicles in the U.S. due to potential fire risks and urged owners to park outside and away from structures pending repairs.

Fire risk recall impacts more than 113,000 Hyundai and Kia vehicles

- August 7, 2023
On August 3, 2023, Hyundai and Kia announced they were recalling more than 113,000 newer vehicles in the U.S. due to potential fire risks and urged owners to park outside...
Electric vehicle maker, Lucid, cut prices of its Air luxury sedans by as much as $12,400. The cuts are part of an ongoing offer amid rising competition in the U.S. EV industry and a price war sparked by Tesla.

Lucid slashes price of its Air sedan due to growing competition

- August 7, 2023
Electric vehicle maker, Lucid, cut prices of its Air luxury sedans by as much as $12,400. The cuts are part of an ongoing offer amid rising competition in the U.S....

UAW demands pay raise, All-electric vehicle owners file lawsuit, Fisker scores positive EV margins

- August 7, 2023
CBT Now  Examining the 'turbulent' used car market — Karl Brauer | iSeeCars According to the most recent iSeeCars study, used electric vehicle prices have fallen by nearly 30 percent! On today’s CBT Now,...
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues negotiations with car manufacturers.

UAW to demand 46% pay increase, Big Three car manufacturers respond

- August 4, 2023
The United Auto Workers (UAW) union is set to demand the largest pay increase on record as it continues contract negotiations with car manufacturers Stellantis, Ford and General Motors. The raise,...
Fisker has reduced its annual production guidance for 2023 following a complicated second quarter for the electric vehicle brand.

Fisker scores positive margin on electric vehicles but lowers production goal

- August 4, 2023
Fisker has reduced its annual production guidance for 2023 following a complicated second quarter for the electric vehicle brand. The car manufacturer earned only $825,000 in revenue for the period, posting...

Tesla faces another lawsuit, Hyundai breaks EV sales record, GM reaches first union agreement

- August 4, 2023
Inside Automotive  Examining electric vehicle demand in America's largest car market — Brian Maas | CNCDA The California New Car Dealers Association (CNCDA) recently published its 2023 California Auto Outlook report, shedding...
Hyundai broke its sales record for the IONIQ 5 over the course of July, solidifying the automaker's place in the electric vehicle market.

Hyundai breaks monthly electric vehicle sales record with IONIQ 5

- August 3, 2023
Hyundai broke its monthly sales record for the IONIQ 5 over the course of July, solidifying the automaker's small but steadily growing presence in the electric vehicle segment. Sales of the...


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