Carvana cuts 2,500 jobs after posting net loss of $506M
In a regulatory filing this week, Carvana said that it has laid off 2,500 of its employees, accounting for 12% of its workforce. Most of the affected employees were reportedly working in...
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
Sonic Automotive opens EchoPark retail hub in Missouri
In a press release this week, Sonic Automotive said that its EchoPark brand has now expanded into Missouri as part of its goal to have 90% coverage throughout the U.S. by 2025....
CBT automotive newscast: May 12, 2022
Inside Automotive:
Why Ford’s F-150 Lightning is the legitimate start of the EV race – Kevin Tynan | Bloomberg Intelligence
First-quarter numbers are rolling in for many auto retail professionals and inventory...
Is this mistake costing your service drive lucrative business? – Michael Roppo
We’re now in the second quarter of the year after a robust and profitable 2021 for many in the industry. Today on Inside Automotive, we’re pleased to welcome Michael Roppo,...
Car Guy Coffee Podcast’s Lou Ramirez & Fred Lennartz on their mission to uplift the auto industry
If you are in the retail automotive industry and haven't tuned into the Car Guy Coffee Podcast, you're missing out! Lou Ramirez and Fred Lennartz, who happen to be best...
Stellantis CEO predicts supply issues will hinder EV transition
Stellantis Chief Executive Officer Carlos Tavares said at a conference on Tuesday that the auto industry would likely continue to be impacted by the ongoing supply chain disruptions for a few more...
Vroom releases Q1 Results, names new CEO
This week, Vroom Inc. released its first-quarter results, which showed the online used car retailer outdid expectations for total sales, profit, and revenue. It also named a new Chief Executive Officer...
Tesla issues another recall and over-the-air update
Tesla announced this week it is recalling almost 130,000 vehicles due to issues with the central processing unit that can cause the center display to overheat and operate slowly.Â
Tesla’s recall notice indicated...
DeLorean Motor Company announces EV reveal coming later this month
After DeLorean Motor Company initially said its new electric vehicle would be revealed during the 2022 Pebble Beach Concours d’Elegance in August, the automaker has now announced it will be showing...
CBT automotive newscast: May 11, 2022
Inside Automotive:
Car Guy Coffee Podcast's Lou Ramirez & Fred Lennartz on their mission to uplift the auto industry
If you are in the retail automotive industry and haven't tuned into the...
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