VW CEO Herbert Diess will step down at the end of August
Volkswagen confirmed on Friday that current CEO Herbert Diess would be leaving his post at the end of August. Taking over for Diess on September 1 will be Oliver Blume,...
TSLA431.9855.97499%
GM79.5000.71%
F15.3200.39%
RIVN14.5900.3699%
CYD58.5301.18%
HMC26.415-0.055%
TM190.4301.35%
CVNA71.2652.985%
PAG165.9801.25%
LAD282.8356.255%
AN190.9000.92%
GPI329.4803.3%
ABG188.9301.21%
SAH78.9300.77%
TSLA431.9855.97499%
GM79.5000.71%
F15.3200.39%
RIVN14.5900.3699%
CYD58.5301.18%
HMC26.415-0.055%
TM190.4301.35%
CVNA71.2652.985%
PAG165.9801.25%
LAD282.8356.255%
AN190.9000.92%
GPI329.4803.3%
ABG188.9301.21%
SAH78.9300.77%
TSLA431.9855.97499%
GM79.5000.71%
F15.3200.39%
RIVN14.5900.3699%
CYD58.5301.18%
HMC26.415-0.055%
TM190.4301.35%
CVNA71.2652.985%
PAG165.9801.25%
LAD282.8356.255%
AN190.9000.92%
GPI329.4803.3%
ABG188.9301.21%
SAH78.9300.77%
auto industry
Ford reportedly laying off 8,000 employees in preparation for EV expansion — Bloomberg
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 almost a quarter of its us...
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 is making history. The electric vehicle...
Will economic headwinds make a dent in dealer profitability? Charlie Chesbrough explains.
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 2022. Today on Inside Automotive, we’re...
Rivian teases further expansion into commercial EV market
According to CEO RJ Scaringe, Rivian Automotive is working on a broader range of electric commercial cars in a variety of designs and anticipates producing millions of EVs annually at...
High gas prices shrink gap between EVs and gas-powered cars in J.D. Power APEAL study
The recently released J.D. Power 2022 U.S. Automotive Performance, Execution and Layout (APEAL) study revealed that battery electric vehicle owners are less satisfied with charge times and driving range than they...
Lithia Motors Q2 earnings miss estimates, used vehicle revenues increase 39%
Leading automotive retailer Lithia Motors reported its second-quarter earnings late last week, just missing the estimates from Zack's Investment Research. New vehicle revenue reached just over $3.25 million, a 3.3%...
Northvolt and Stora Enso announce joint agreement to source battery materials from Nordic forests
European markets are steadily moving from gasoline and diesel-powered vehicles to electric and environmentally friendly ones. To do this, companies are working together to locate and pursue raw material solutions.
Volkswagen-backed...
CBT automotive newscast: July 25, 2022
Inside Automotive:
Will economic headwinds make a dent in dealer profitability? Charlie Chesbrough explains.
As the automotive retail industry settles into the third quarter, analysts are reviewing mid-year sales data and updating...
5 crucial qualities sales managers should look for when hiring salespeople — Matt Easton
Are you a sales manager that has been tasked with hiring and recruiting top salespeople? Oftentimes, sales managers start out as excellent salespeople but are not given the proper training...
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