Tag: automotive industry
GM, Honda set to start production at hydrogen fuel cell plant
On January 25, Honda and General Motors announced their joint venture, Fuel Cell System Manufacturing (FCSM), had begun producing hydrogen fuel cells for commercial...
Tesla recalls 2023 Model X, S, Y over rearview camera software...
Tesla is set to recall roughly 200,000 vehicles in the U.S. to patch out a software error that could limit driver visibility.
According to the...
Simplifying the management process for car dealers — Greg Uland |...
Car dealers are faced with a multitude of unenviable challenges in 2024, ranging from uncertainty over profit margins to decreasing loyalty among consumers. More...
What dealers must know about the CARS rule — Rusty West...
The Federal Trade Commission's (FTC) Combatting Auto Retail Scams policy, better known as the CARS rule, aims to make the car buying process more...
How automotive dealerships can save money with battery energy storage
Automotive dealerships must prioritize upgrading their electric infrastructure to support the anticipated increase in electric vehicle (EV) sales, projected to reach 2.5 million per...
Tesla Q4 earnings plunge 40% despite revenue, sales gains
Electric vehicle brand Tesla reported a steep decline in fourth-quarter profits against a 3.5% increase in revenue over the same period, missing analyst forecasts...
Ford dials back Q4 earnings expectations, Hyundai profits jump 31%
Automakers Ford and Hyundai shared financial updates from the fourth quarter, offering new insights into their 2023 performance.
Ford announced that a pre-tax remeasurement loss,...
Forecasting the 2024 dealership M&A market — Farid Ahmad | DSMA
The dealership M&A (mergers and acquisitions) market has demonstrated incredible resilience in the post-pandemic economy, remaining undaunted by rising interest rates and fluctuating demand....
How a telephone system can increase your CSI score
Customer Experience (CX) is created every time a customer engages with your dealership from car shopping research to ongoing service and repair work. It’s...
How data is helping car dealers maximize profits and retain customers...
Car dealers have navigated a pandemic, high interest rates, inflation, and fluctuating demand with relative ease, underlining the strength of the retail automotive sector....