How will EVs affect fixed operations revenue?
A 2017 article in Automotive News undoubtedly caused indigestion among franchised dealer executives by foretelling how EVs would cause fixed operations to drop. In truth, it’s still too early to...
TSLA352.820-7.77%
GM73.4300.89%
F11.6100.01%
RIVN15.290-0.11%
CYD39.7800.37%
HMC23.840-0.31%
TM204.420-2.59%
CVNA316.6402.73%
PAG148.710-0.63%
LAD257.5705.75%
AN196.820-0.86001%
GPI327.000-2.45%
ABG195.4000.64%
SAH63.310-1.56%
TSLA352.820-7.77%
GM73.4300.89%
F11.6100.01%
RIVN15.290-0.11%
CYD39.7800.37%
HMC23.840-0.31%
TM204.420-2.59%
CVNA316.6402.73%
PAG148.710-0.63%
LAD257.5705.75%
AN196.820-0.86001%
GPI327.000-2.45%
ABG195.4000.64%
SAH63.310-1.56%
TSLA352.820-7.77%
GM73.4300.89%
F11.6100.01%
RIVN15.290-0.11%
CYD39.7800.37%
HMC23.840-0.31%
TM204.420-2.59%
CVNA316.6402.73%
PAG148.710-0.63%
LAD257.5705.75%
AN196.820-0.86001%
GPI327.000-2.45%
ABG195.4000.64%
SAH63.310-1.56%
electric vehicles
GM invests in world’s third largest lithium mine to secure EV battery supplies
Following in the footsteps of other automakers, General Motors has secured EV material production by dedicating $650 million in investments towards the largest lithium mine in the U.S.
The funding will go...
Hyundai starts the year off strong with record breaking January sales
Yesterday, Hyundai released its January sales report, offering good news for investors and dealers alike.
The company started 2023 off strong by selling 52,001 units in the first month, 4,129, or...
Tesla expects bigger spending bill in 2024, hopes to increase production
Tesla expects to increase its expenditure next year, allocating more funds for its efforts to improve the production capabilities of its factories.
For 2023, the automaker forecast a spending bill between...
BMW predicts 300% EV growth for the U.S. thanks to better availability
BMW USA now expects this year's EV sales to reach three times the amount it delivered in 2022, citing better model availability.
The German automaker's North American Executive Vice President of...
Tesla to spend $3.6 billion to ready Nevada gigafactory for electric semi truck
Tesla has confirmed $3.6 billion in investments to prepare its Nevada "Gigafactory" site for additional battery manufacturing workloads, and production of its new electric semi truck.
The facility additions will enable...
BMW doubled EV deliveries, but lost ground on the rest of its lineup in 2022
BMW's final tally for 2022 revealed a 108% increase to its EV deliveries, but a 4.8% drop in global sales.
The success of the company's electric lineup is hardly a surprise,...
Wyoming proposal to ban EVs raises eyebrows instead of awareness
An EV ban proposed in Wyoming has generated some controversy, but seems to have had little impact other than creating confusion.
Although the proposal seeks to ban EVs by 2035, because...
Lincoln gets 60% of dealerships to agree with new EV requirements
Ambitious electric vehicle requirements have remained a sticking point between auto-retailers and original equipment manufacturers. Lincoln recently reported that 60% of its dealership body had agreed to its new EV...
Volvo XC40 And C40 getting shiny new upgrades in 2023
Volvo's XC40 and C40 Recharge are getting upgrades to their driving range and battery charge time in 2023.
Both vehicles have been a part of Volvo's lineup for multiple years, but...
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