TSLA377.810-2.87%
GM80.990-1.02%
F12.125-0.155%
RIVN14.340-0.17%
CYD28.180-4.01%
HMC31.670-0.14%
TM182.910-2.66%
CVNA62.760-1.12%
PAG194.220-4.79%
LAD287.370-5.14%
AN156.210-1.93%
GPI232.610-4.35%
ABG167.770-1.99%
SAH60.520-0.48%
TSLA377.810-2.87%
GM80.990-1.02%
F12.125-0.155%
RIVN14.340-0.17%
CYD28.180-4.01%
HMC31.670-0.14%
TM182.910-2.66%
CVNA62.760-1.12%
PAG194.220-4.79%
LAD287.370-5.14%
AN156.210-1.93%
GPI232.610-4.35%
ABG167.770-1.99%
SAH60.520-0.48%
TSLA377.810-2.87%
GM80.990-1.02%
F12.125-0.155%
RIVN14.340-0.17%
CYD28.180-4.01%
HMC31.670-0.14%
TM182.910-2.66%
CVNA62.760-1.12%
PAG194.220-4.79%
LAD287.370-5.14%
AN156.210-1.93%
GPI232.610-4.35%
ABG167.770-1.99%
SAH60.520-0.48%


automotive industry news

Rivian has received an $827 million incentive package to expand its Illinois electric vehicle manufacturing facility.

Rivian gets millions in state incentives for Illinois factory expansion

- May 3, 2024
Rivian Automotive announced this week that it has secured an $827 million incentive package from Illinois, intended to fund an expansion at its Normal facility.  This boost comes at a critical juncture...
Articles Headlines
Ford reported a 2.4% decline in overall sales during April as tax season drew to a close but set a new monthly record with its hybrid lineup.

Ford sales decline in April as hybrids display resilience

- May 3, 2024
Ford revealed a 2.4% decline in U.S. sales for April, attributing the drop to reduced demand for F-Series trucks, Broncos, and other SUVs. Despite this, the company celebrated a record-breaking...
Articles Headlines
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

A closer look at Qatar’s vision for a high-tech, mobile future

- May 3, 2024
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting the...
Featured Future of Automotive
In this week's top automotive stories, AutoNation and Penske Automotive saw profits slide during the first quarter on weaker pricing.

Automotive weekly roundup: dealer group profits fall, emergency brake rule, Ford University launch

- May 3, 2024
Earlier this week: AutoNation and Penske Automotive reported first quarter earnings this week, revealing notable declines in profitability. The National Highway Traffic Safety Administration finalized a rule requiring automakers to...
Articles Daily Automotive News
Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, the result of aggressive restructuring.

Carvana posts record-breaking Q1 profits after aggressive restructuring

- May 2, 2024
Carvana posted record-breaking earnings for the first quarter in a dramatic recovery from early 2023, underlining the impact of an aggressive restructuring effort over the last two years. The company reported...
Articles Headlines
The Federal Reserve left interest rates unchanged this week and expressed doubt that rate cuts would be implemented in the near future.

Federal Reserve leaves interest rates unchanged after worrying inflation trends

- May 2, 2024
The Federal Reserve left interest rates unchanged after its policy hearing on Wednesday, marking the central bank's sixth consecutive meeting without making any adjustments to its disinflationary strategy. Fed Chair Jerome Powell attributed...
Articles Headlines
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...
Articles Headlines
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...
Articles Headlines
The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light trucks by 2029. 

NHTSA finalizes life-saving automatic emergency braking rule

- April 30, 2024
The National Highway Traffic Safety Administration (NHTSA) has finalized a rule requiring automatic emergency braking (AEB) systems in all new passenger cars and light trucks by 2029.  This rule, stemming from...
Articles Headlines
Stellantis disclosed a 12% revenue decline to $44.7 billion for the first quarter of 2024 compared to the previous year. 

Stellantis earnings decline as sales stagnate in U.S.

- April 30, 2024
Stellantis disclosed a 12% revenue decline to $44.7 billion for the first quarter of 2024 compared to the previous year.  Stellantis attributed the dip to the costs of developing next-generation hybrid...
Articles Headlines

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