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...
TSLA348.750-6.06001%
GM86.2700.09%
F13.870-0.08%
RIVN16.070-0.73%
CYD38.210-2.18%
HMC31.8600.53%
TM194.4802.48%
CVNA74.040-0.05%
PAG217.010-0.84%
LAD370.360-0.68%
AN200.0901.34%
GPI263.9501.91%
ABG211.6200.95%
SAH79.6800.39%
TSLA348.750-6.06001%
GM86.2700.09%
F13.870-0.08%
RIVN16.070-0.73%
CYD38.210-2.18%
HMC31.8600.53%
TM194.4802.48%
CVNA74.040-0.05%
PAG217.010-0.84%
LAD370.360-0.68%
AN200.0901.34%
GPI263.9501.91%
ABG211.6200.95%
SAH79.6800.39%
TSLA348.750-6.06001%
GM86.2700.09%
F13.870-0.08%
RIVN16.070-0.73%
CYD38.210-2.18%
HMC31.8600.53%
TM194.4802.48%
CVNA74.040-0.05%
PAG217.010-0.84%
LAD370.360-0.68%
AN200.0901.34%
GPI263.9501.91%
ABG211.6200.95%
SAH79.6800.39%
car business
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.
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...
Rivian stock drops after report says Ford will sell shares
Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate the sale of 8 million of...
The importance of improving diversity, equity, and inclusion in the workplace
A recent research study from Bain & Company revealed that 25% to 30% of people report feeling "fully included" at work, which was found across "all geographies, industries, and demographic groups." Asian...
Sources say Hyundai plans to build EV plant in Georgia
This week, sources close to the matter said that Hyundai is planning on building an electric vehicle plant close to its existing facilities in Georgia. Specific details regarding job numbers or expected...
New York DMV warns car dealers about catalytic converter theft
As reports of catalytic converter thefts continue to rise, the New York State Department of Motor Vehicles is the latest to issue a warning about the problem. The New York DMV has...
Lordstown Motors announces $90M loss and stalled Foxconn deal for Q1
Ohio-based Lordstown Motors released its first-quarter results on Monday, which reported a loss of $90 million and total available remaining cash of $203 million. The company also said its deal with Taiwanese...
CBT automotive newscast: May 10, 2022
Inside Automotive:
How to help car buyers avoid information overload and make purchase decisions
In today’s world of social media and unlimited access to information, car salespeople have to separate themselves from...
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