Tag: Auto Retail
October jobs report stronger than expected, employers added 261,000 jobs
The US Labor Department reported job growth in October was better than expected on Friday, despite efforts by the Federal Reserve to slow the...
Lucid Motors announces live stream event to debut Air Pure, Touring...
In a press release, Lucid Motors announced it will live-stream a global launch event called "In the Air and Beyond" on November 15, as...
Carvana’s Q3 losses shed light on slowing used car demand
Carvana shares fell in extended trading after the company announced its third-quarter financial results were worse than expected and reflected a decline in nearly...
Subaru won’t produce EVs in the US due to McDonald’s competitive...
Subaru says it has no plans to invest in building electric cars in the US because of high inflation, saying it can't compete with...
Why cybersecurity is more important now than ever before — Patrick...
CDK Global recently published its Annual State of Cybersecurity Report which highlights top security concerns in preparation for the FTC Safeguards Rule deadline. Today...
Stellantis Q3 net revenues jump 29% from a year ago
Stellantis announced its third-quarter financial results on Thursday, showing an increase in both revenues and shipments as shortages of semiconductors begin to ease.
The automaker...
Polestar gets $1.6 billion funding boost from key investors
Polestar announced it has secured 1.6 billion US dollars in financing support from its major shareholders. The Swedish electric performance car brand made the...
Ford’s Oct. sales decline 10% thanks to sputtering supply chain
Ford Motor Company saw its US sales decline by 10% during October as the company struggled with ongoing supply chain issues that caused some...
Fisker reveals third quarter financials, Ocean SUV starts production this month
Fisker released its third-quarter earnings on Wednesday and announced it remains on schedule to start production on its flagship electric SUV, the Ocean, on...
The Fed approves another 0.75-point interest rate hike to combat stubbornly...
The Federal Reserve approved a fourth consecutive three-quarter point hike in interest rates this week and hinted at a likely shift in its monetary...
