TSLA400.4904.11%
GM79.290-0.29%
F14.0400.08%
RIVN16.5200.26%
CYD48.700-2.35%
HMC26.2600.07%
TM173.9401.17%
CVNA66.5503.69%
PAG175.2003.87%
LAD294.8501.83%
AN188.7402.38%
GPI313.1608.09%
ABG197.0506.92%
SAH80.7302.6%
TSLA400.4904.11%
GM79.290-0.29%
F14.0400.08%
RIVN16.5200.26%
CYD48.700-2.35%
HMC26.2600.07%
TM173.9401.17%
CVNA66.5503.69%
PAG175.2003.87%
LAD294.8501.83%
AN188.7402.38%
GPI313.1608.09%
ABG197.0506.92%
SAH80.7302.6%
TSLA400.4904.11%
GM79.290-0.29%
F14.0400.08%
RIVN16.5200.26%
CYD48.700-2.35%
HMC26.2600.07%
TM173.9401.17%
CVNA66.5503.69%
PAG175.2003.87%
LAD294.8501.83%
AN188.7402.38%
GPI313.1608.09%
ABG197.0506.92%
SAH80.7302.6%


car business

emissions

GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US recession

- July 29, 2022
According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the chances of a recession, the Federal Reserve increased...
Articles Headlines
Sonic Automotive

Sonic Automotive reports all-time record revenues and gross profit for Q2

- July 29, 2022
Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion, up 9% year-over-year. Sonic also record...
Articles Headlines
Ford CEO Jim Farley in front of Ford logo

Ford Q2 earnings surpass expectations, raises shareholder dividend 50%

- July 29, 2022
Despite trouble with the global supply chain, Ford's adjusted earnings has tripled from a year ago to $3.7 billion as it increases deliveries. After the news was released, company shares were up 6%. Ford...
Articles Headlines
Rivian

Rivian confirms at least 800 layoffs, shifts focus to accelerating production

- July 29, 2022
Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be laid off to speed up the...
Articles Headlines

CBT automotive newscast: July 29, 2022

- July 29, 2022
Inside Automotive: Supply chain problems still hindering auto sales—Is there an end in sight? We know that successful dealership operations largely rely on strong vehicle sales, but manufacturers cannot produce enough cars...
Daily Newscast
sales

J.D. Power and LMC Automotive expect new car sales to dip in July

- July 28, 2022
According to J.D Power and LMC Automotive analysts, there will likely be a slump in retail auto sales for July due to massive supply-chain and distribution problems globally. Total sales, including retail and non-retail transactions, may...
Articles Headlines
interest rates

Fed raises interest rates 0.75 points for the second time as inflation soars

- July 28, 2022
In an effort to curb rising prices, the Federal Reserve hiked interest rates by another 0.75% Wednesday afternoon, the same amount as its last move in June. Following the announcement, markets surged,...
Articles Headlines

Penske Automotive reports its most profitable quarter to date

- July 28, 2022
Penske Automotive Group has reported its quarterly earnings for Q2 2022. According to a recent press release, Penske produced an all-time record for earnings this quarter. Earnings per share increased...
Articles Headlines
Mercedes-Benz

Mercedes-Benz raises full-year guidance due to strong Q2 performance and robust demand

- July 28, 2022
CEO of Mercedes-Benz AG, Ola Kallenis, recently discussed how the company has a healthy number of orders and demand, even with limited supply. Mercedes-Benz is rushing to produce high-quality vehicles, including...
Articles Headlines
Group 1

Group 1 Automotive Q2 revenues increase 14.3% compared to 2021

- July 28, 2022
Group 1 Automotive also reported its second quarterly earnings despite chain supply problems and inventory shortages. The total revenue for Q2 that Group 1 reported is $4.1 billion, a 14.3%...
Articles Headlines

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