Tag: automotive industry insights
Toyota breaks annual sales record but hits roadblocks in March
Toyota broke its all-time annual sales record during the fiscal year ended in March, sailing past previous records thanks to pent-up demand and a rapidly...
Ford posts “solid” Q1 earnings despite weakening profits
Ford posted stable earnings late Wednesday after sales rose 7% over the first quarter but struggled to maintain profitability as moderate price cuts and...
New vehicle sales set to fall in April but maintain healthy...
New vehicle sales are set to decline in April after a strong first quarter but will maintain a healthy pace thanks to better affordability,...
automotiveMastermind integrates Mastermind technology with Tekion to enhance real-time insights for...
automotiveMastermind, a trusted data and technology provider in the automotive industry, integrated its Mastermind technology with Tekion, the innovator of the Automotive Retail Cloud...
VinFast expands its network by adding 12 new U.S. car dealerships
Vietnamese automaker VinFast announced on April 23 that it has formally signed contracts with a dozen new U.S. car dealerships.
The 12 new car dealers...
Fisker faces bankruptcy unless it secures relief from creditors
On April 23, Fisker, an electric vehicle (EV) startup, released a regulatory filing notifying that it may go bankrupt within 30 days unless it...
Stellantis slashes 199 jobs at Detroit plant producing Ram 1500 amid...
Stellantis has laid off 199 full-time workers at its Sterling Heights Assembly Plant in Detroit, which produces the Ram 1500. This is part of...
6 key mental muscles for leaders in the dealership – Scott...
As a leader, it's no secret that you're going to face challenges, and you're going to be truly tested when things get tough. In...
Suburban areas expected to house majority of EVs by 2030, report...
The electrification of vehicles is progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the use...
GM and Ford prioritize gasoline cars in Q1 amidst EV challenges
The market eagerly anticipates the first-quarter results of two leading U.S. automakers, General Motors (GM) and Ford. Despite facing challenges such as a slowdown...