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Biden

Trump vs. Biden on the future of the American automotive...

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The current 2020 presidential candidates diverge on many issues, and the US auto industry is no exception. For undecided voters, it can be challenging to sort out who takes which position. Here are some points to consider as we head into the final days of the election. Tradition vs. Innovation While both Trump and Biden […]
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oil

ExxonMobil chairman provides updates and future of oil industry

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On Wednesday, ExxonMobil Chairman and CEO Darren Woods held an employee forum to discuss the oil and gas industry’s position and the outlook for the future. A statement was released that summed up his comments to ExxonMobil staff that delved into the pain points experienced by the company as well as a forecast that maintains […]
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retail

Auto industry recovering well amidst retail slump

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Most industries have taken a devastating hit because of the coronavirus pandemic, with some recovering at a faster pace than others. The auto industry was greatly impacted according to a July McKinsey report, which noted that car sales had tanked worldwide including a 47% drop in the U.S. and drops of 71% and 80% in China […]
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Biden

Trump vs. Biden: What Are their Plans for the Auto...

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The American election is coming on November 3rd, just ten weeks away, and polls are very close between the Trump-Biden camps, according to CNN’s tracking data. Without a doubt, the auto industry can expect very different effects depending on who earns the public’s trust and occupies the Oval Office for the next four-year term. CBT […]
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stimulus

Lobbying Efforts Pivot Towards Buying Stimulus

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As the United States slowly begin to emerge from a never-before-seen pandemic shutdown, the auto industry has weathered the storm better than expected. While nowhere near pre-pandemic forecasts, the real figures are tickling the 50-percent decline rather than 70 or 80 percent. Still, as a sector that relies on a chain stretching from resource procurement […]
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industry

Is It the Time for an Industry Overhaul?

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Everyone is on an unexpected and steep learning curve. Responding to an abrupt change in the automotive retail environment is a challenge that dealers are meeting nationwide in varying capacities. Whether it’s embracing at-home test drives or online sales, to service department pick-ups and drop-offs, no one is doing business the way it was six […]
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industry

CBT Automotive Newscast for November 18, 2019

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Today on CBTNews - Monday, November 18th, 2019: How ReconVelocity is Helping Dealers Set a New Standard for Vehicle Reconditioning On today's show, we're pleased to...
Cox Automotive

Porsche, Volvo, and Subaru Come Out on Top in October

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Back in June, Cox Automotive economist Jonathan Smoke reported that the first half of 2019 was “marked by volatility” and the second half of the year would likely be worse. Economic growth has been expected to slow throughout the year and cause sales and revenue to decline; however, no true panic is setting in across […]
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rising interest

How rising interest rates will impact the industry

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Mark Fields Talks about the Auto Industry’s Future

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Mark Fields Talks about the Auto Industry’s Future Mark Fields, president and chief executive officer at Ford Motor Company, discusses second-quarter results, the business effects of Brexit, expected second-half declines for the auto industry, and the company’s stance on free trade. He speaks with Bloomberg’s Matt Miller on “Bloomberg”. Watch the Full Video Here
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