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VinFast to manufacture in North Carolina with a $4 billion investment

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Vietnamese electric vehicle (EV) startup VinFast confirmed earlier this week that it had chosen North Carolina as the location of a new production facility....
Toyota

Toyota announces a $70 billion commitment to EVs

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This week, Toyota announced its plans to further its commitment to electric vehicles, stating it will be allocating $70 billion to the development of its electric lineup. The announcement is quite significant, as Toyota has been criticized for lagging behind in the transition to EVs and has also been accused of attempting to slow down […]
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non-luxxury

North Carolina selected for new Toyota EV battery plant

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On December 7, Toyota announced a major investment into electric vehicle manufacturing with a new battery plant coming in the state of North Carolina. The news was revealed jointly with state Governor Roy Cooper and Liberty, N.C. Mayor, Filmore York. A massive $1.29 billion-dollar investment to be called Toyota Battery Manufacturing, North Carolina, or TBMNC, […]
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Sonic Automotive

Sonic Automotive Buys 33-store RFJ Auto Partners in deal worth $700...

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North Carolina-based Sonic Automotive has confirmed a blockbuster deal, announcing the purchase of the RFJ Auto Partners group. The enormous transaction adds 33 storefronts to the Sonic Automotive group. When the deal closes, it’s expected to rocket Sonic Automotive into one of the top five US dealer groups according to total revenue. RFJ Auto currently […]
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Raymond

Why this N.C. dealer group is investing big in its BDC...

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The retail automotive industry changes rapidly so what are BDC departments doing to keep up? On today’s show we’re pleased to welcome Matt Raymond, Director of Digital Operations at Team Automotive Group to discuss his role and streamlining operations. Raymond begins the conversation by discussing his journey into the automotive industry. He says it’s been […]
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CarMax

CarMax’s Potentially Revolutionary Service: Home Delivery

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Car buying began in the late 1800’s and has gradually been evolving since then. Mark Rikess of WardsAuto noted that car buying can be quite an unlikeable experience due to all of the interpersonal back-and-forth with salespeople and their managers that has been going on for decades. Instead of wanting to deal with an “aggressive, […]
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