CBT automotive newscast: August 2, 2022
Inside Automotive:
How manager Erikka Tiffani Wells is modernizing sales training at her car dealership
Sales training today looks significantly different than it did just a few years ago, and it’s high...
TSLA353.830-8.61%
GM84.3500.69%
F12.5850.275%
RIVN12.605-0.415%
CYD26.4250.075%
HMC34.2950.235%
TM194.5402.6%
CVNA59.455-1.165%
PAG212.4500.45%
LAD295.250-0.06%
AN162.7482.9475%
GPI242.8203.02%
ABG170.7800.91%
SAH63.8150.305%
TSLA353.830-8.61%
GM84.3500.69%
F12.5850.275%
RIVN12.605-0.415%
CYD26.4250.075%
HMC34.2950.235%
TM194.5402.6%
CVNA59.455-1.165%
PAG212.4500.45%
LAD295.250-0.06%
AN162.7482.9475%
GPI242.8203.02%
ABG170.7800.91%
SAH63.8150.305%
TSLA353.830-8.61%
GM84.3500.69%
F12.5850.275%
RIVN12.605-0.415%
CYD26.4250.075%
HMC34.2950.235%
TM194.5402.6%
CVNA59.455-1.165%
PAG212.4500.45%
LAD295.250-0.06%
AN162.7482.9475%
GPI242.8203.02%
ABG170.7800.91%
SAH63.8150.305%
car business
Sonic Automotive President Jeff Dyke discusses powerful Q2 2022 performance
Sonic Automotive has announced all-time record revenues and gross profit for the second quarter. The fortune 500 company based in Charlotte, North Carolina is reporting record Q2 earnings of $3.7...
Congress approves $280 bln bill to bolster US chip production
Late last week, a bipartisan majority in the House approved a $280 billion piece of legislation meant to revive American production of semiconductor chips, a scarcity that has tormented US automakers....
General Motors offering Green Bonds to finance sustainability projects
For the first time ever, General Motors has offered green bonds, joining its rivals in utilizing the sustainable debt market to finance the switch to electric vehicles in order to compete with Tesla....
Manchin, Schumer reach surprising deal on hefty climate action bill
In a surprise turn of events, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced a deal that includes $369 billion for energy and climate action initiatives with the goal of...
Randy Parker promoted to Chief Executive Officer of Hyundai America
In response to the ongoing chip scarcity, Hyundai Motors, the largest automaker in South Korea, announced Friday that it has appointed a new Chief Executive Officer for its US business. Effective...
CBT automotive newscast: August 1, 2022
Inside Automotive:
Sonic Automotive President Jeff Dyke discusses powerful Q2 2022 performance
Sonic Automotive has announced all-time record revenues and gross profit for the second quarter. The fortune 500 company based in...
Minority franchise dealers increased by almost 9% in 2021, NAMAD data shows
According to the National Association of Minority Automobile Dealers (NAMAD), the number of minority franchised dealerships rose by almost 9% from 2020 to 2021. There were a little over 1,250 minority...
GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US recession
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...
Sonic Automotive reports all-time record revenues and gross profit for Q2
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...
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