Rivian trims workforce by 1.5% ahead of new R2 SUV
On the Dash:
Rivian is cutting less than 1.5% of its staff, mainly from its commercial team, to reduce costs ahead of the R2 launch.
The company lost $1.1 billion...
TSLA362.86017.73%
GM87.9301.78%
F14.4100.42%
RIVN16.9700.96%
CYD39.8801.17%
HMC33.3700.77%
TM197.3505.11%
CVNA69.880-1.64%
PAG216.8700.32%
LAD370.7300.06%
AN199.490-0.6%
GPI261.850-1.97%
ABG214.810-0.56%
SAH77.450-0.33%
TSLA362.86017.73%
GM87.9301.78%
F14.4100.42%
RIVN16.9700.96%
CYD39.8801.17%
HMC33.3700.77%
TM197.3505.11%
CVNA69.880-1.64%
PAG216.8700.32%
LAD370.7300.06%
AN199.490-0.6%
GPI261.850-1.97%
ABG214.810-0.56%
SAH77.450-0.33%
TSLA362.86017.73%
GM87.9301.78%
F14.4100.42%
RIVN16.9700.96%
CYD39.8801.17%
HMC33.3700.77%
TM197.3505.11%
CVNA69.880-1.64%
PAG216.8700.32%
LAD370.7300.06%
AN199.490-0.6%
GPI261.850-1.97%
ABG214.810-0.56%
SAH77.450-0.33%
dealership news
Sponsler Automotive acquires Mathews CDJR of Mount Vernon, renames it Sponsler CDJR
Sponsler Automotive, led by Ryan Sponsler, purchased Mathews Chrysler-Dodge-Jeep-Ram of Mount Vernon, Ohio, from Tim Mathews, Tom Weston, and Doug Moore of Mathews Auto Group on August 28, 2025. The...
GM to cut EV production amid expiring federal tax credits
On the Dash:
General Motors is cutting Chevrolet Bolt and Cadillac EV production in response to uncertain demand following the Sept. 30 expiration of federal EV tax credits.
Despite record...
Healey Brothers acquires Unity Chevrolet in Newburgh, adds Cadillac to portfolio
Healey Brothers Automotive Group expanded its presence in the Hudson Valley with the August 2025 purchase of Unity Chevrolet in Newburgh. The acquisition, now the group’s 10th dealership, also adds...
US, Japan set to lower tariffs on Japanese automobiles as trade agreement advances
On the Dash:
U.S. tariffs on Japanese car imports are set to drop from 27.5% to 15%, taking effect within 10–14 days after a presidential executive order.
The executive order...
Polestar posts $1 billion loss as tariffs and weak U.S. sales pressure EV maker
On the Dash:
Polestar posted a $1.03 billion Q2 loss, driven largely by a $739 million impairment charge on the Polestar 3 due to U.S. tariffs and pricing challenges.
Europe...
Cox Automotive’s Mark Vickery on how AI is personalizing the customer experience
According to Mark Vickery, the Associate Vice President of Performance Management at Cox Automotive, artificial intelligence (AI) is reshaping the automotive industry experience. On today's episode of Driving Solutions, Vickery...
BYD profit falls 30% as domestic EV price war hits margins
On the Dash:
BYD’s Q2 net profit fell nearly 30% to 6.36 billion yuan ($891 million) due to an aggressive domestic EV price war.
Despite profit pressures, BYD’s revenue grew...
Steve Napleton Automotive Group acquires two Palatine dealerships from AutoCanada
Steve Napleton Automotive Group acquired Hyundai of Palatine and Chevrolet of Palatine from AutoCanada Inc. on August 19, 2025. The stores have been rebranded as Napleton Palatine Hyundai and Napleton...
U.S. EV sales set record in August as GM delivers over 21,000 EVs
On the Dash:
U.S. EV sales likely hit a record high in August, with General Motors selling more than 21,000 EVs across Chevrolet, Cadillac, and GMC.
GM expects a sales...
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