TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%
TSLA426.0108.16%
GM78.7901.58%
F14.9301.26%
RIVN14.2200.07%
CYD57.3501.69%
HMC26.4700.21%
TM189.080-0.58%
CVNA68.2803.89%
PAG164.7303%
LAD276.5802.05%
AN189.9803.55%
GPI326.1806.07%
ABG187.7202.34%
SAH78.1602.26%


automotive industry insights

According to a recent report by Reuters, Tesla has abandoned its plan to advance gigacasting, a groundbreaking production process.

Tesla abandons ‘gigacasting’ production process amid cost-cutting measures

- May 2, 2024
According to a recent report by Reuters, the Austin-based EV manufacturer Tesla has abandoned its plan to advance gigacasting, a groundbreaking production process. This shift in strategy suggests that the...
During a press conference on May 1st, the VP of Global Cadillac, John Roth, announced the company aims to offer a full range of EVs by 2030.

Cadillac VP aims to offer a full EV lineup by 2030 alongside gas cars 

- May 2, 2024
During a press conference on May 1st, the Vice President of Global Cadillac, John Roth, announced that while the company plans to continue selling gas-powered cars for some time, it...
From acquisitions to shifting consumer preferences, today's episode discusses the factors driving M&A activity with Ryan Kerrigan.

Ryan Kerrigan unveils global automotive M&A dynamics and EV realities

- May 2, 2024
From acquisitions to shifting consumer preferences, in today's episode of Inside Automotive, we're discussing factors driving M&A activity as highlighted in The Blue Sky Report, published by Kerrigan Advisors. Joining...
Ford University is a new platform aiming to boost knowledge proficiency amongst dealership sales teams through a high-tech education approach.

Ford University to boost employee engagement, fill knowledge gaps

- May 1, 2024
Ford's new training platform, Ford University, aims to leverage artificial intelligence and modernized education practices to boost dealership employee knowledge and prepare the retail automotive sector for the future of...
Aftermarket service providers saws higher customer satisfaction scores in 2024, posing a challenge to dealer-operated service centers.

Aftermarket service shops see higher ratings in 2024

- May 1, 2024
Customer satisfaction with aftermarket service providers improved this year, intensifying the rivalry between franchised dealers and third-party repair and maintenance shops. After tracking a rating decline in 2023, J.D. Power reported...
Mercedes-Benz announced that it would maintain the high prices of its luxury vehicles despite a decline in its first quarter profits.

Mercedes-Benz sticks to high prices amid quarterly profit decline

- May 1, 2024
On April 30th, Mercedes-Benz announced that it would maintain the high prices of its luxury vehicles despite a decline in quarterly profits. The company attributed the decline to model changes...
Penske Automotive Group, a prominent player in automotive retail, recently reported a significant 28% decline in net income for Q1.

Penske Automotive faces challenges in Q1 with 28% drop in net income

- April 30, 2024
Penske Automotive Group, a prominent player in the automotive retail industry, recently reported a significant 28% decline in net income for the first quarter. This downturn was attributed to several...
In an email to senior managers, published by The Information on Tuesday, Musk outlined plans to lay off hundreds of staff members.

The Information reports: Musk lays off Tesla senior executives in new round of job cuts

- April 30, 2024
Elon Musk, driven by the need to address declining sales and the rapid pace of job layoffs, has made the strategic decision to terminate two top executives from Tesla. In...
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

- April 25, 2024
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 recovered supply chain. The Japanese automaker reported...
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

- April 25, 2024
Ford posted stable earnings late Wednesday after sales rose 7% over the first quarter but struggled to maintain profitability as moderate price cuts and electric vehicle production expenses took their...


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