Tag: automotive industry news
Judge tosses out lawsuit targeting Musk’s Twitter buyout
A judge has denied a shareholder-led lawsuit targeting Tesla CEO Elon Musk over his handling of last year's Twitter buyout.
The class-action suit alleged that...
Dallas dealer partners with high school to boost attendance with car...
In Dallas, Texas, a used car dealership gave away a 2016 Jeep Patriot to a high school sophomore with perfect attendance.Â
Faith Family Academy, a...
GM confirms plans to release electric Cadillac Escalade later this year
General Motors has confirmed the release of an all-electric version of its flagship Cadillac Escalade later this year.Â
The Detroit automaker said the new SUV...
McGovern Automotive adds CDJR dealership, Asbury sells Acura store in Texas
The buy/sell market for dealerships is a dynamic environment influenced by various factors, including economic conditions, consumer preferences, manufacturer requirements, and regulatory changes. Despite...
Weekly roundup: Vehicle affordability improves, Twitter announces new CEO, Tesla Cybertruck...
Earlier this week: During Tesla's annual shareholder meeting, Elon Musk dismissed speculation that he is considering stepping down as Tesla's CEO, vehicle affordability improved...
Polestar delays SUV release to 2024, cuts workforce by 10%
On May 11, Swedish EV maker Polestar trimmed its full-year production guidance to between 60,000 and 70,000 vehicles, claiming that its Polestar 3 SUV...
Weekly roundup: Carvana’s Q1 results, Tesla’s new lithium refinery, Group 1...
Earlier this week: Tesla CEO Elon Musk was joined by Texas Governor Greg Abbott during a ground-breaking ceremony for a brand new lithium refinery,...
The influence of over-the-air updates on connected vehicles
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder, and CEO of Automotive Ventures, where I put recent automotive and...
Carvana beats expectations in Q1, narrows losses in bid for profitable...
Used car retailer Carvana has released its first-quarter earnings report and revealed a quarterly loss of $1.51 per share, resulting in an earnings surprise of...
Wholesale used car prices decline 5% year-over-year in April
Wholesale used car prices declined for the first time this year. According to April's latest Manheim Used Vehicle Value Index, prices decreased 3% from...
