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An internal memo indicates that Tesla is planning to cut 10% of its global workforce following a slowdown in electric vehicle sales.

Tesla to lay off thousands of employees worldwide after Q1 sales...

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Tesla plans to lay off more than 10% of its employees worldwide, according to an internal memo leaked earlier today. In the document, Tesla CEO...
Ford has slashed prices on its 2024 F-150 Lighting electric pickup amidst a modest surge in EV affordability.

Ford confirms Lightning pickup price cuts ahead of release

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Ford has confirmed price cuts to the F-150 Lightning battery-powered pickup, joining automakers such as Tesla in efforts to improve electric vehicle affordability. On April...
Ohio Senator Sherrod Brown is calling on the White House to implement an outright ban on electric vehicle imports from China.

Lawmaker escalates attack on China-made electric vehicles, calls for ban

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Calls for a ban on China-made electric vehicles have escalated in recent weeks following the launch of an investigation in February into whether such...
Automotive Ventures invests in AI and robotics to reduce mundane tasks. Lear Corp acquires WIP, on today's Future of Automotive.

Car thefts on the rise as criminals adapt to new technology

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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...
China's EV industry is driving a surge in ship orders, suggesting it could have the world's fourth-largest fleet of car carriers by 2028.

Automotive weekly roundup: Tesla settles lawsuit, auto credit availability improves, China’s...

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Earlier this week: Toyota has taken over testing at subsidiary Daihatsu after investigations revealed evidence of cheating on safety certifications for years. Reports of...
Rising car insurance costs have risen rapidly in recent years, nearly negating recent improvements in affordability.

Rising car insurance costs threaten affordability surge

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Car insurance costs have surged without any sign of slowing down for the last three years, offsetting affordability improvements gained by falling car prices. Economic...
Glenn Pasch joins Inside Automotive to discuss key strategies that can help dealers elevate the customer experience across all channels.

Auditing your marketing process to elevate the customer experience — Glenn...

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On this episode of Inside Automotive, host Jim Fitzpatrick is joined by Glenn Pasch, auto marketing expert and CEO of PCG Digital, to discuss...
BMW sales rose marginally during the first quarter, lifted by strong electric vehicle demand despite a cooldown in pricing.

BMW sales rise in Q1 thanks to strong EV performance

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BMW sales rose slightly in the first quarter thanks to a surge in electric vehicle demand, fueling optimistic expectations for the remainder of the...
Sean Johnson joins the first-ever episode of Diversity in Automotive on CBT News to discuss the challenges to creating a diverse workforce.

The role of mentorship in creating diverse leadership — Sean Johnson...

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As American society has become more diverse, so too has the automotive landscape, with dealers, manufacturers, and suppliers welcoming minorities in increasing numbers. However,...
Leading up to the settlement, Tesla argued that the driver had been playing a game on his phone before the crash.

Tesla settles Autopilot lawsuit over 2018 crash that killed Apple engineer

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Tesla has settled a highly publicized lawsuit over the death of Apple engineer Walter Huang, who crashed his Model X while using Autopilot in...