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carmakers

Carmakers say pending climate action bill presents more barriers than opportunities

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Carmakers, including Ford, General Motors, and Toyota, are unhappy with the new pending clean energy bill since it might disqualify many of their vehicles and...
Ford

Ford and GlobalFoundries partnership aims to cut into chip shortage

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On Thursday, Nov 18, Ford Motor Company and GlobalFoundries announced an initiative to boost the supply of much-needed semiconductor microchips for US manufacturing. The two companies will collaborate “to advance semiconductor manufacturing and technology development” at home in the U.S. with the goal of boosting quantities in the supply chain and taking back control. According […]
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subscription

What’s next for the auto industry after the subscription model?

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The art of follow-up and upsell is best practice in the era of on-demand services. No longer is it enough for companies to merely sell you something and be done with it, especially if they make money selling you something you will buy again on a frequent or semi-frequent basis.  The auto industry has long […]
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vehicle supply

A new model coming for vehicle supply, AutoNation CEO Mike Jackson...

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The COVID-19 pandemic could be a watershed for carmakers who have typically kept hundreds of thousands of new vehicles at any given time. AutoNation CEO Mike Jackson surmises that this inventory-heavy practice could be coming to an end, giving way for a new method for vehicle supply to retailers. In an interview with Bloomberg Television, […]
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Q2 profit

Carmakers exceed expectations for Q2 profit in the US

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As anticipated, the first few days in August have second-quarter financial reports rolling in from carmakers. In large part, Q2 2021 has been one of the best on record with profits exceeding the forecasts set earlier in the year as the chip shortage was factored in. GM, Stellantis, Toyota, Hyundai, Mazda, and others are into […]
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Rivian

Rivian factory in UK possible as carmaker reportedly in talks with...

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Rivian Automotive has been in discussions with UK ministers about building the first factory outside of the United States to produce their all-electric vehicles. The news broke on Saturday by Sky News whose source claims Rivian has been in “secret negotiations” with ministers from the British government regarding a potential factory site near Bristol. An […]
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Barra

General Motors mostly agrees to emissions standards

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On Wednesday, General Motors CEO Mary Barra penned a letter to Michael Regan, the chief of the Environmental Protection Agency, stating that the automaker would be supporting stricter emissions standards and would prefer to meet standards through a so-called “high-volume electric vehicle pathway.” Notably, however, she declined to fully put GM’s support behind Obama-era emissions […]
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automakers

Which major automakers performed the best in May 2021?

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With automotive factories crippled by the chip shortage and closed showrooms, it would make sense to see passenger car and SUV sales dive, but that hasn’t been the case when evaluating the May 2021 auto sales numbers. A few of the numbers aren’t what we could have expected after many months of lockdowns, but there […]
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Toyota

Toyota makes a robust update to profit forecast

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The world’s best-selling automakers has now updated their full-year profit expectations after realizing a net profit increase of 50% in the third quarter of their fiscal year. Toyota Motor Corp increased their yearly earnings by 54% on the news – a surprising move as other automakers worldwide continue to fall behind in production.  After announcing a Q2 […]
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sales

Carmakers Remain Hopeful Despite Disappointing Q2 Sales Results

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Though not unexpected, the continued downward trajectory of car sales this year still hurts. Overall, top brands such as Ford, Fiat Chrysler, and General Motors saw drops of over 30% in comparison to last year. The hope is that as production begins to turn back on and areas open more, the market will rebound. While […]
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