Tag: car dealers
Ford and General Motors Q3 2022 earnings preview: What are analysts...
General Motors and Ford Motor Company are scheduled to release third-quarter financial results this week, and Wall Street is predicting both companies will miss...
How to stay competitive with online VSC companies
Since the pandemic hit, dealers are finding that the landscape of online aftermarket providers has increased, and they are targeting consumers that want to...
The what, why, and how of America’s emerging EV battery belt
The Biden Administration has made another significant step toward ensuring that 50% of all new vehicles are EVs by 2030. One of the primary...
GM introduces Edition 1 of GMC Sierra EV Denali with 400-mile...
General Motors unveiled its new electric GMC Sierra pickup late last week and has already begun taking reservations for a fully loaded version called...
Carvana weighs legal options after Judge denies TRO request against Michigan
A Michigan Court of Claims judge denied a request from Carvana to grant a temporary restraining order against Michigan Secretary of State Jocelyn Benson for suspending operations at...
Toyota rolls back 2022 production targets due to global chip shortage
Toyota announced it will likely miss its annual vehicle production target due to the ongoing global semiconductor shortage. The company also said it has...
General Motors considers adding midsize electric pickup to Hummer line
According to sources familiar with the matter, General Motors might consider adding an electric midsize pickup truck to its Hummer lineup, Bloomberg reports.
The sources,...
OEMs roll out more franchise dealer mandates to sell EVs
Welcome to this episode of The Friday 5 with Steve Greenfield, Founder and CEO of Automotive Ventures, an auto technology advisory firm that helps...
Tesla reports Q3 revenue of $21.45 billion, economic headwinds cutting into...
Tesla announced its third-quarter earnings this week, reporting financial results that set new company records but still fell short of Wall Street expectations.
The electric...
Lithia Motors third-quarter earnings miss expectations, revenue increases 18%
Lithia Motors reported its highest third-quarter revenue results and earnings per share in the company’s history. Revenue increased 18% to $7.3 billion compared to $6.2...