Rivian to lay off over 600 workers, WSJ reports
On the Dash:
Rivian is cutting 4% of its workforce to manage costs amid declining EV incentives and revenue pressures.
The company lowered its full-year delivery guidance, even after Q3...
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
dealership news
Autobahn Fort Worth acquires Frank Kent Cadillac dealerships in Texas
Autobahn Fort Worth has completed its purchase of Frank Kent Motor Co.'s Cadillac dealerships in Fort Worth and Arlington, uniting two long-standing, family-owned automotive groups. The acquisition strengthens Autobahn’s luxury...
Tesla posts record Q3 revenue, profit falls short of expectations
On the Dash:
Tesla’s Q3 revenue hit $28.1 billion, boosted by last-minute EV tax credit demand, but EPS of 50 cents fell short of the 55-cent estimate.
Tariffs, R&D, stock-based...
Volvo Cars shares soar 40% after stronger-than-expected third-quarter profit
On the Dash:
Volvo Cars posts stronger-than-expected Q3 profit, driving shares up about 40%—its biggest intraday gain since going public.
Cost-cutting measures and one-off items boosted margins, while BEV sales...
How policy and politics are impacting the auto industry – Tom Maoli | Celebrity Motor Car
On today’s episode of Inside Automotive, we’re joined by Tom Maoli, President and CEO of Celebrity Motor Car, to discuss how his dealership is navigating today’s tight inventory, rising vehicle...
Jeremy Hodge Auto Group acquires Patriot Honda in Ardmore, Oklahoma
Jeremy Hodge Auto Group has expanded its Oklahoma presence with the acquisition of Patriot Honda in Ardmore, formerly operated by Patriot Auto Group. The dealership will now operate as Jeremy...
Ford recalls 1.45M vehicles over faulty rear-view cameras, extends warranties
On the Dash:
Ford is recalling 1.45 million U.S. vehicles from 2015 to 2020 for rear-view camera defects that may distort or blank images.
The automaker is extending rear-camera warranties...
Mercedes-Benz warns chip supply issues could hit global auto production
On the Dash:
Mercedes-Benz secures short-term chip supplies but says global auto production is at risk.
Dutch seizure of Nexperia and China’s export restrictions are creating industry-wide volatility.
BMW and...
3 phases to maximize meeting productivity
Welcome to another episode of Lessons in Leadership, with founder of LearnToLead, Dave Anderson. Today, Anderson dissects the three essential keys to having high-quality, effective meetings. According to Anderson, many...
Dream Motor Group to acquire Toyota-Lexus of Montgomery in landmark Alabama deal
Dream Motor Group, owned by Nick Saban, Steve Cannon, and Joe Agresti, is set to acquire Toyota-Lexus of Montgomery from Sutherlin Automotive Group. This transaction marks Dream Motor’s first Toyota...
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