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LG Chem invest billions to build battery cathode plant for EVs...

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LG Chem announced an investment of $3.2 billion to build a battery cathode facility in Clarksville, Tennessee. This action represents the largest foreign direct investment in the...
cars

Carvana stock downgraded to market perform at Cowen & Co.

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According to reports from CNBC, research analysts at Cowen & Co. downgraded Carvana from "outperform" to "market perform, based on the retailer’s significant debt...
Ted Smith FADA franchise

How FADA Pres. Ted Smith continues to advocate for dealer members

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Auto dealers across the country are expressing concerns that the franchise system is under attack by OEMs and industry disruptors that aim to sell...
KPIs

KPIs to measure that keep dealership inventory on track

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KPIs are the one way to gauge if your dealership is on the right track. So every car dealer measures, analyzes and checks accuracy...
best vehicle brand

U.S. News & World Report announces 2023 Best Vehicle Brand winners

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On Monday, the U.S. News & World Report announced the Best Vehicle Brand and Best Certified Pre-Owned program awards for 2023. The Best Vehicle...
Tesla Payout

Elon Musk’s Tesla compensation package is still in legal limbo

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Arguments ended last Friday in the legal battle over Elon Musk's $55 billion Tesla payout. In 2018, Musk was awarded a generous pay package by...
Waymo

Waymo given the go ahead to begin driverless pilot program in...

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Autonomous vehicle startup Waymo can now provide driverless rides in San Francisco, The Verge reports. Waymo has been granted permission to take part in...
athlete marketing NIL

Is athlete marketing through NIL worth it for auto dealers?

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The NCAA’s recent new rules on name, image, and likeness (NIL) will profoundly impact student-athletes’ lives. For the first time, they will be able...
Carvana, car

Carvana hit hard by economic headwinds

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In a short amount of time, Carvana went from being a startup to being the second-largest used automobile seller in the United States. However,...
Recall

Dodge, Chrysler, Tesla facing recalls over airbags

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As of November 4, 2022, older Dodge and Chrysler vehicles manufactured between 2005 and 2010 are subject to a Takata airbag recall. The problem...