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Toyota beat last year's volume by 7.3%, marking the first time in the company's history that global sales have exceeded 10 million units.

Toyota breaks annual sales record but hits roadblocks in March

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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 saw Q1 revenue improve but struggled to maintain profitability as its ICE and electric divisions dragged down earnings.

Ford posts “solid” Q1 earnings despite weakening profits

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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 demand remains on track to make 2024 the best sales year since the COVID-19 pandemic, despite a small speed bump in April.

New vehicle sales set to fall in April but maintain healthy...

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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 will integrate its technology with Tekion, the innovator of the Automotive Retail Cloud (ARC) to foster engagement.

automotiveMastermind integrates Mastermind technology with Tekion to enhance real-time insights for...

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automotiveMastermind, a trusted data and technology provider in the automotive industry, integrated its Mastermind technology with Tekion, the innovator of the Automotive Retail Cloud...
Vietnamese automaker VinFast announced on April 23 that it has formally signed contracts with a dozen new U.S. car dealerships.

VinFast expands its network by adding 12 new U.S. car dealerships

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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...
Fiske released a regulatory filing notifying that it may go bankrupt within 30 days unless it secures relief from creditors

Fisker faces bankruptcy unless it secures relief from creditors

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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 has laid off 199 full time workers at its Detroit plant producing the Ram 1500 vehicles, as part of cost-cutting efforts.

Stellantis slashes 199 jobs at Detroit plant producing Ram 1500 amid...

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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...
In the latest episode of Inside Automotive, we're joined Scott Mautz, who says mental strength can make all the difference.

6 key mental muscles for leaders in the dealership – Scott...

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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...
EVs are progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the usage.

Suburban areas expected to house majority of EVs by 2030, report...

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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 have reduced expenses and delayed investments to pursue profit growth while focusing on their primary gasoline-powered cars.

GM and Ford prioritize gasoline cars in Q1 amidst EV challenges

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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...