Volvo to cut 3,000 jobs amid cost-cutting and slowing EV demand
Volvo Cars announced on Monday it will cut around 3,000 mostly white-collar jobs as part of a broad restructuring aimed at trimming costs by 18 billion Swedish crowns ($1.9 billion)....
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
car business
Used EV sales hit record high as new EV market cools
In April, the electric vehicle (EV) market showed clear signs of divergence: new EV sales declined, while used EVs posted record growth, underscoring a shift toward affordability amid rising prices...
Auto industry icon Richard Boch dies at 95, leaves lasting legacy on New England dealerships
Richard Boch Sr., a prominent figure in New England’s automotive industry and patriarch of the Boch family, passed away peacefully on April 18, 2025, at the age of 95.
Boch played...
Nissan’s Vinay Shahani charts return to brand greatness with dealer-centric strategy
After nearly a decade away, Vinay Shahani has returned to Nissan with a mission: restore the automaker’s reputation, simplify dealer relations, and reinvigorate its brand identity in the U.S. market....
Jim Ganther warns dealers about California’s ‘CARs Rule’ revival and compliance rules
In the latest episode of Training Camp with Adam Marburger, Jim Ganther—co-founder and CEO of Mosaic Compliance Services—returns to discuss the state-level revival of the FTC’s CARs rule, the legal...
SEMA celebrate end of EV mandates in the U.S.
WASHINGTON, D.C. (May 22, 2025) – The Specialty Equipment Market Association (SEMA) today is rejoicing in the successful, bipartisan effort to end EV mandates, the result of a monumental, years-long effort...
Chevy launches Silverado EV off-road trim, Automakers boost AI use, Used car prices soar
Top Stories
Chevrolet introduces Trail Boss off-road trim for Silverado EV. Read More
Automakers embrace AI to enhance efficiency amid rising tariffs. Read More
Used car prices hit new high as market dynamics...
Chevy launches off-road Trail Boss trim for 2026 Silverado EV this summer
Chevrolet will introduce the Trail Boss off-road trim to its 2026 Silverado EV lineup starting this summer, combining the rugged capability of the popular Trail Boss with the advantages of...
Automakers turn to AI to offset billions in tariff costs amid economic uncertainty
Automakers are rapidly adopting artificial intelligence (AI) to combat mounting financial pressures caused by shifting U.S. trade policies and resulting tariffs.
General Motors expects up to $5 billion in tariff-related costs...
Used car prices surge past $30K as supply shrinks, report says
According to a new report from Edmunds released May 22, used vehicles are more expensive than they've been in years. The average transaction price for used vehicles three years old...
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