TSLA346.650-6.17%
GM72.760-0.67%
F11.530-0.08%
RIVN14.690-0.6%
CYD39.600-0.18%
HMC23.490-0.35%
TM203.660-0.76%
CVNA320.2503.4%
PAG148.170-0.54%
LAD261.5403.97%
AN193.510-3.31%
GPI323.960-3.04%
ABG195.140-0.26%
SAH63.5000.19%
TSLA346.650-6.17%
GM72.760-0.67%
F11.530-0.08%
RIVN14.690-0.6%
CYD39.600-0.18%
HMC23.490-0.35%
TM203.660-0.76%
CVNA320.2503.4%
PAG148.170-0.54%
LAD261.5403.97%
AN193.510-3.31%
GPI323.960-3.04%
ABG195.140-0.26%
SAH63.5000.19%
TSLA346.650-6.17%
GM72.760-0.67%
F11.530-0.08%
RIVN14.690-0.6%
CYD39.600-0.18%
HMC23.490-0.35%
TM203.660-0.76%
CVNA320.2503.4%
PAG148.170-0.54%
LAD261.5403.97%
AN193.510-3.31%
GPI323.960-3.04%
ABG195.140-0.26%
SAH63.5000.19%


auto industry

Fed

Fed raises interest rates by half a percentage point, aims to cool inflation

- May 5, 2022
On Wednesday, May 4, the Federal Reserve announced another target interest rate hike intending to quell inflation wreaking havoc American economy. The Fed's target rate range jumps from 0.75% to...
Daily Automotive News Articles
Volvo

Volvo announces a 25% drop in sales for April

- May 5, 2022
Volvo Car Group said this week that its sales for April totaled 47,150, down 24.8% year-over-year. Overall, sales dropped 47.8% in China, U.S. sales fell by 9.2%, and European sales dropped 23.3%.  Last...
Articles Headlines
service customers

8 strategies for winning over out-of-warranty service customers

- May 5, 2022
While the average passenger vehicle on the road in the U.S. today is increasing in age – hitting more than 12 years old in 2020 – the number of annual...
Fixed-Ops Articles
Apple

Apple hires former Ford director for self-driving vehicle development

- May 5, 2022
Sources told Bloomberg this week that Apple Inc. has hired Desi Ujkashevic to help the tech giant on its so-called Apple Car Project, which aims to develop a self-driving vehicle. Ujkashevic recently retired from...
Articles Headlines
Aston Martin

Head of Aston Martin steps down, ex-Ferrari CEO to take over

- May 5, 2022
According to a Bloomberg report this week, Aston Martin Lagonda Global Holdings Plc's current Chief Executive Officer, Tobias Moers, will no longer be with the company after two years. Despite Aston Martin Chairman...
Articles
Lyft

Lyft shares drop due to driver incentives and Q2 projections

- May 5, 2022
Lyft shares dropped 25% this week after the rideshare service released its first-quarter results and announced it would likely not reach Wall Street's expectations for the second quarter. The company said it...
Articles

CBT automotive newscast: May 5, 2022

- May 5, 2022
Inside Automotive: Florida dealer AJ Hiers on the future of the franchise dealership model Is the franchised dealer structure coming under attack? Today on Inside Automotive, we’re pleased to welcome AJ Hiers,...
Daily Newscast

U.S. government to allocate over $3 billion to EV battery manufacturing

- May 4, 2022
On Monday, U.S. government officials said that over $3 billion of last year's $1 trillion infrastructure bill would be put towards electric vehicle (EV) battery manufacturing. The funding, which will come...
Articles Headlines
autonomous driving

BMW Group and Ansys to further partnership for autonomous driving tech

- May 4, 2022
The BMW Group and technology firm Ansys have announced they will be furthering their partnership to develop software for autonomous driving and advanced driver-assistance systems. The companies will be working on a...
Articles Headlines
Georgia

Georgia to give Rivian $1.5 billion in tax credits and incentives

- May 4, 2022
In a statement earlier this week, the State of Georgia and Rivian Automotive Inc. said the electric automaker would be receiving $1.5 billion in incentives and tax credits for its planned manufacturing...
Articles Headlines

Latest Articles

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The AI gap in automotive retail dealers embrace AI, but say it falls short where it matters most 
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Luther Automotive acquires Eich Mazda & Volkswagen in Minnesota
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Iran war clouds auto outlook, LG Energy Q1 loss, March auto sales drop

Iran war uncertainty clouds auto outlook despite steady 2026 sales forecasts
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Iran war uncertainty clouds auto outlook despite steady 2026 sales forecasts

LG Energy swings to deeper loss as EV slowdown undercuts earnings
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LG Energy swings to deeper loss as EV slowdown undercuts earnings

March auto sales drop
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March auto sales drop as tariff pull-ahead skews year-over-year results


CBT News
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