TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%


automotive industry insights

Tesla has a history of layoffs, and its CEO, Elon Musk, is known for initiating them not just at the EV maker but at other companies like at X

Tesla employees face potential round of layoffs

- February 8, 2024
Tesla may be gearing up for a round of layoffs, according to a recent Bloomberg report.  According to those acquainted with the situation, U.S. supervisors recently had to evaluate their deputies'...
Bill Wittenmyer joins Inside Automotive to share the latest news on consumer preferences and how they are influencing the car buying process.

How consumer preferences are dictating the car buying process — Bill Wittenmyer | DealerOn

- February 8, 2024
Consumer preferences have rapidly transformed in the retail automotive sector. Knowing how the expectations have changed and how buyer needs will continue to evolve will be essential to long-term dealership...
Todd Berko joins Driving Solutions to offer an insider perspective into the dealership M&A market and how valuations are critical to success.

A closer look at the dealership M&A valuations process — Todd Berko | Bel Air Partners

- February 8, 2024
The dealership M&A (mergers and acquisitions) market can be confusing to navigate. Knowing the technical aspects of valuations and buy-sell transactions is crucial to obtaining a good deal for your...
Explore the seismic shift in the auto sales landscape as luxury vehicles become increasingly reserved for the top income earners.

The high-income club’s grip on auto sales

- February 8, 2024
The auto sales landscape is undergoing a seismic shift. In April of last year, CBS Detroit reported that Jonathan Smoke, chief economist at Cox Automotive, says new car sales are increasingly...
Ford recovered from its disappointing performance in 2022 with $4.33 billion in profit, beating analyst expectations despite a late-year loss.

Ford sets ambitious financial targets for 2024, reassesses EV strategy

- February 7, 2024
Ford posted strong quarterly and full-year revenues on Tuesday, beating analyst expectations—despite reporting a net loss for the October through December period—and announcing ambitious financial targets for 2024. The automaker earned...
The American automaker GM will receive cathode materials worth up to $19 billion from South Korea's LG Chem in the upcoming years.

LG Chem, GM agree to nearly $19 billion cathode supply deal

- February 7, 2024
As part of General Motors's (GM) long-term goals to become a leader in electric vehicles, the American automaker will receive cathode materials worth up to $19 billion from South Korea's...
Toyota plans to build an electric SUV at its Kentucky plants within the next two years, even as other automakers pull back from the EV market.

Toyota to build electric SUV at Kentucky plant with $1.3 billion investment

- February 7, 2024
Toyota has announced plans to invest $1.3 billion in its Kentucky facility to build a three-row electric SUV for the U.S. market. The new investments are part of the automaker's efforts...
Cars.com has recognized the best in terms of innovation, quality, and value and has released a list of the 2024 model-year best vehicles.

Top 2024 model-year vehicles taking the industry by storm

- February 7, 2024
The year 2024 has already brought a wave of newly redesigned and innovative vehicles that have taken the automobile industry by storm. Cars.com, a leading automotive website, has recognized the...
Jake Fisher joins Inside Automotive to discuss how product evaluation platform Consumer Reports tests and rates hybrids and electric vehicles.

How do hybrids compare to electric and ICE vehicles? — Jake Fisher | Consumer Reports

- February 7, 2024
For almost a century, Consumer Reports has played a critical role in improving transparency across many industries and guiding buyers to the right products and bands. This is especially true...
Toyota raised its profit guidance ahead of analyst expectations after completing a successful third quarter, which saw higher hybrid sales.

Toyota raises profit forecast on strong hybrid, U.S. sales

- February 6, 2024
Toyota raised its annual earnings forecast for 2023 after besting analyst expectations in the third quarter. The Japanese automaker generated roughly $11.3 billion in operating profit for the third quarter ending...


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