Tag: auto sales
Vroom releases Q1 Results, names new CEO
This week, Vroom Inc. released its first-quarter results, which showed the online used car retailer outdid expectations for total sales, profit, and revenue. It also...
Tesla issues another recall and over-the-air update
Tesla announced this week it is recalling almost 130,000 vehicles due to issues with the central processing unit that can cause the center display to overheat...
DeLorean Motor Company announces EV reveal coming later this month
After DeLorean Motor Company initially said its new electric vehicle would be revealed during the 2022 Pebble Beach Concours d’Elegance in August, the automaker...
Rivian stock drops after report says Ford will sell shares
Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate...
The importance of improving diversity, equity, and inclusion in the workplace
A recent research study from Bain & Company revealed that 25% to 30% of people report feeling "fully included" at work, which was found across "all...
How to unlock the power of digital communication tech with Digital...
Welcome to another edition of Inside Automotive with Jim Fitzpatrick. Communicating with car buyers today is about more than showing and selling a product—it's...
Over 800 General Motors dealers have signed up for CarBravo
After opening registration in January, General Motors North America Vice President Steve Carlisle said last week that over 800 auto dealers have agreed to utilize GM's...
Lucid Group releases Q1 results, says prices will rise in June
Lucid Group released its first-quarter results last week, which showed the luxury electric automaker brought in $57.7 million in revenue and delivered 360 vehicles to its...
Stellantis Q1 revenue grows 12%, overall shipments down
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...
Supply chain update: Not enough chips for chipmaking machines
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...
