Tag: car business
Nissan cuts profit forecast but still expects to beat prior year...
Nissan has lowered its profit forecast for the fiscal year ended in March due to missed global sales targets.
The Japanese automaker revealed the adjustment...
Republican attorneys general sue EPA over emission standards
On April 18, Republican attorneys general from 25 states filed a lawsuit against the U.S. Environmental Protection Agency (EPA). They claimed the agency had...
New vehicle days’ supply shrinks as affordability drives demand
New vehicle inventory was stable month-over-month in early April due to a sizeable increase in demand but remained far ahead of prior-year levels thanks...
Faulty accelerator pedal prompts recall of Tesla’s Cybertruck
On Friday, April 19, the National Highway Traffic Safety Administration (NHTSA) issued a recall for Tesla's Cybertruck, Elon Musk's acclaimed 'best product ever ',...
New car inventory levels, Nissan lowers profit forecast, states sue EPA
Women Driving The Industry
Jenell Ross celebrates 50 years at the helm of the nation’s only black woman-owned Buick, GMC, and Mercedes-Benz Dealership
The Bob Ross Auto...
Five key factors driving the sharp increase in auto insurance costs
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the...
Mexico denies BYD, other Chinese car makers, access to incentives
Mexico has reportedly denied Chinese automakers access to government incentives due to pressures from U.S. officials.
According to a Reuters report, Mexican officials met with...
Stellantis pays $100,000 to supplier to prevent factory closures in Indiana
Stellantis recently prevented factory closures by paying a supplier $100,000. The supplier, MacLean-Fogg Component Solutions LLC, had threatened to cease shipping pinions and gears...
Wholesale used vehicle prices slip in early April as sales pace...
Used vehicle prices at auction declined again in the first half of April as the average pace of sales slowed following a burst of...
Rivian announces second round of layoffs to boost profitability
Rivian, the EV startup, is taking drastic measures to boost its profitability. The company is implementing a second round of layoffs this year, which,...
