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%


Industry News

Black supplier program

Stellantis partners with the National Business League for Black supplier program

- August 31, 2022
The National Business League and automaker Stellantis revealed they are partnering to launch a program to develop and support black-owned supplier companies. The National Black Supplier Development Program will assist businesses with development through education,...
New vehicle supply levels recovered to their highest levels since June 2020 in February while prices continued to decline.

Slim new car inventory keeps prices and profitability soaring

- August 31, 2022
According to a new forecast from J.D. Power and LMC Automotive, new-vehicle retail sales for August are expected to decline compared to August 2021. Combined with record-setting new-vehicle prices and retailers struggling to...
recession

Former Fed economist Stephen Roach sheds light on recession concerns

- August 31, 2022
Stephen Roach, Senior Fellow at Yale University's Jackson School of Global Affairs, appeared on CNBC's "Fast Money" where he said the U.S. needs a "miracle" to avoid a recession.  Roach served as chair...
korean automakers

S. Korean automakers share concerns over US Inflation Reduction Act

- August 30, 2022
South Korean officials will meet with agents from the US Trade Representative's office and the US Treasury to express "concerns" about the Inflation Reduction Act, signed by President Joe Biden on August 16. Officials are...
full self-driving

Elon Musk aims to release full self-driving Tesla cars by end of year

- August 30, 2022
While speaking at the Offshore Northern Seas 2022 energy conference in Norway on Monday, Tesla CEO Elon Musk commented on the company's full self-driving vehicle technology, the SpaceX Starship spacecraft, and the future of the oil...
Honda

Honda, LG Energy prepare to build $4 billion EV battery plant in the US

- August 30, 2022
In a recently released statement, Honda Motor Company and South Korean battery maker LG Energy Solutions plan to invest $4.4 billion in a US battery plant to build lithium-ion batteries for electric vehicles. A location...
robotics

To fill labor gaps, carmakers seek robotics and automation solutions

- August 30, 2022
Amid a tight labor market and increasing compensation costs, North American companies are turning to robotics and automation as ways to keep up with production, according to the A3 Association for...
Jonathan Smoke

Chief Economist Jonathan Smoke breaks down findings from Cox Automotive’s Q2 Dealer Sentiment Index

- August 29, 2022
Cox Automotive released its Q2 Dealer Sentiment Index, which provides a current view of dealer sentiment and looks ahead to the next 90 days. The study reveals that COVID concerns...
LG Energy

LG Energy, General Motors joint-venture considering Indiana for battery cell plant

- August 22, 2022
GM and LG Energy Solutions are considering opening a fourth US battery cell plant in Indiana, according to a spokeswoman for the companies' joint venture. The plant is expected to have an...
Rivian

Rivian cancels least expensive R1T trim, customers express disappointment

- August 22, 2022
Some customers are not pleased with Rivian's decision to cancel the entry-level version of its R1T electric truck, essentially raising the price of its base model electric truck by over $6,000.  In an email to customers,...


CBT News
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