TSLA367.160-8.07%
GM83.050-0.95%
F12.050-0.05%
RIVN12.950-0.42%
CYD26.570-1.22%
HMC33.4500.12%
TM188.600-0.11%
CVNA57.960-2.43%
PAG194.790-0.88%
LAD281.490-5.29%
AN153.190-2.13%
GPI228.370-3.22%
ABG161.970-2.57%
SAH60.050-1.01%
TSLA367.160-8.07%
GM83.050-0.95%
F12.050-0.05%
RIVN12.950-0.42%
CYD26.570-1.22%
HMC33.4500.12%
TM188.600-0.11%
CVNA57.960-2.43%
PAG194.790-0.88%
LAD281.490-5.29%
AN153.190-2.13%
GPI228.370-3.22%
ABG161.970-2.57%
SAH60.050-1.01%
TSLA367.160-8.07%
GM83.050-0.95%
F12.050-0.05%
RIVN12.950-0.42%
CYD26.570-1.22%
HMC33.4500.12%
TM188.600-0.11%
CVNA57.960-2.43%
PAG194.790-0.88%
LAD281.490-5.29%
AN153.190-2.13%
GPI228.370-3.22%
ABG161.970-2.57%
SAH60.050-1.01%


Industry News

Nikola

Nikola acquires EV battery pack supplier Romeo Power for $144 M

- August 2, 2022
Electric heavy truck maker Nikola announced on Monday that it had reached a $144 million agreement to buy EV battery pack supplier Romeo Power, giving the business control over a vital link in...
Articles Headlines
US chip production

Congress approves $280 bln bill to bolster US chip production

- August 1, 2022
Late last week, a bipartisan majority in the House approved a $280 billion piece of legislation meant to revive American production of semiconductor chips, a scarcity that has tormented US automakers....
Articles Headlines
rivi

General Motors offering Green Bonds to finance sustainability projects

- August 1, 2022
For the first time ever, General Motors has offered green bonds, joining its rivals in utilizing the sustainable debt market to finance the switch to electric vehicles in order to compete with Tesla....
Articles Headlines
climate action

Manchin, Schumer reach surprising deal on hefty climate action bill

- August 1, 2022
In a surprise turn of events, Senate Majority Leader Chuck Schumer and Senator Joe Manchin announced a deal that includes $369 billion for energy and climate action initiatives with the goal of...
Articles Headlines
Hyundai America

Randy Parker promoted to Chief Executive Officer of Hyundai America

- August 1, 2022
​​In response to the ongoing chip scarcity, Hyundai Motors, the largest automaker in South Korea, announced Friday that it has appointed a new Chief Executive Officer for its US business. Effective...
Articles Headlines

Supply chain problems still hindering auto sales—Is there an end in sight?

- July 29, 2022
We know that successful dealership operations primarily rely on strong vehicle sales, but manufacturers cannot produce enough cars to satisfy consumer demand. Today on Inside Automotive, Jessica Caldwell, Edmunds Executive Director of Industry Insights,...
Daily Automotive News Featured
emissions

GDP slips 0.9% for second straight quarterly decline—Biden, Yellen deny US recession

- July 29, 2022
According to the Bureau of Economic Analysis, US GDP, or gross domestic product, shrank by 0.9% in the second quarter. To tackle inflation and decrease the chances of a recession, the Federal Reserve increased...
Articles Headlines
Sonic Automotive

Sonic Automotive reports all-time record revenues and gross profit for Q2

- July 29, 2022
Sonic Automotive has reported its second quarterly earnings. According to a press release, Sonic Automotive had an all-time record adjusted earnings of $3.7 billion, up 9% year-over-year. Sonic also record...
Articles Headlines
Ford CEO Jim Farley in front of Ford logo

Ford Q2 earnings surpass expectations, raises shareholder dividend 50%

- July 29, 2022
Despite trouble with the global supply chain, Ford's adjusted earnings has tripled from a year ago to $3.7 billion as it increases deliveries. After the news was released, company shares were up 6%. Ford...
Articles Headlines
Rivian

Rivian confirms at least 800 layoffs, shifts focus to accelerating production

- July 29, 2022
Amy Mast, a spokesperson for Rivian Automotive, has confirmed in an email that at least 6% or 800 out of 14,000 of its employees will be laid off to speed up the...
Articles Headlines

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