Nikola Corp. announced last week that it would likely be meeting its delivery projections of between 300 and 500 vehicles this year, citing its ability to obtain the necessary components...
Stellantis released its first-quarter results, which showed that revenue had exceeded expectations as it rose 12% despite a 12% drop in vehicle sales. Revenue reached $44.1 billion, as overall shipments fell...
In a strange catch-22, chipmakers are running out of the chips needed for their chipmaking machines. And it's going to affect everyone unless priorities are changed.
Audi, Kia, Toyota, Hyundai, and...
Online automotive retailer Vroom is facing scrutiny from thousands of customers who are unsatisfied with the company’s business practices, and legal action has now been taken by the Texas Attorney...
Over the past two years, commodity costs have spiked between 200 and 300%, and parts suppliers are feeling the heat. Bosch announced during their annual news earnings conference on Wednesday...
According to a recent report from First Insight, a staggering 97% of 1,000 U.S. adults surveyed indicated they are shifting their financial decisions to accommodate high inflation. Overall, 75% of respondents said...
The U.S. Department of Energy announced this week that it would be allocating $45 million to develop electric vehicle batteries that will be more affordable and last longer. The funding is part...
Welcome to this week's episode of Used Cars Weekly, the original CBT News show dedicated to bringing car dealers best practices and tips for the used car department, in-depth dealer interviews,...
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...