Tag: OEM headlines
Toyota trims June production by 100,000 units due to chip shortage
On Tuesday, Toyota Motor Corporation announced that global production for June would experience further adjustments as the carmaker grapples with supply chain issues. Of a previously...
Kia reaches 10 million vehicle sales in the U.S.
Kia America announced that it sold its ten millionth vehicle in the United States this week. The car purchased at Car Pros Moreno Valley in California...
Toyota and BMW take the lead for most shopped vehicles
This week, the Q1 2022 Kelley Blue Book Brand Watch™ reports revealed that Toyota and BMW are back to having the most-shopped vehicles in...
Hyundai Motor Group announces another $5 Billion investment in U.S. ventures
During a visit to Seoul this weekend, President Joe Biden met with South Korea-based Hyundai Motor Group and announced another $5 billion to its planned...
General Motors to return to Europe for EV production, CEO Mary...
General Motors Chief Executive Officer Mary Barra announced this week that the automaker is planning on returning to Europe and will only be manufacturing electric...
Rivian stock drops after report says Ford will sell shares
Shares of Rivian Automotive dropped over 15% on Monday after CNBC’s David Faber posted on Twitter that Ford Motors is planning on using Goldman Sachs to facilitate...
Sources say Hyundai plans to build EV plant in Georgia
This week, sources close to the matter said that Hyundai is planning on building an electric vehicle plant close to its existing facilities in Georgia. Specific...
Over 800 General Motors dealers have signed up for CarBravo
After opening registration in January, General Motors North America Vice President Steve Carlisle said last week that over 800 auto dealers have agreed to utilize GM's...
Lucid Group releases Q1 results, says prices will rise in June
Lucid Group released its first-quarter results last week, which showed the luxury electric automaker brought in $57.7 million in revenue and delivered 360 vehicles to its...
Stellantis Q1 revenue grows 12%, overall shipments down
Stellantis released its first-quarter results, which showed that revenue had exceeded expectations as it rose 12% despite a 12% drop in vehicle sales. Revenue reached...
