Tag: OEM headlines
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...
Volvo announces a 25% drop in sales for April
Volvo Car Group said this week that its sales for April totaled 47,150, down 24.8% year-over-year. Overall, sales dropped 47.8% in China, U.S. sales fell by...
Hyundai exec. José Muñoz to oversee new projects for the automaker
Hyundai Motor North America’s President and Chief Executive Officer, José Muñoz, is reportedly taking on more responsibilities for the automaker as he joins the company’s Board...
GM and Honda to collaborate on affordable EV development
On Tuesday, April 5, General Motors and Honda announced a joint project to develop electric vehicles centered around the Ultium battery platform. The partnership...
Honda brings focus back to reliability with 10-year-old CPO vehicle program
On Thursday, Honda unveiled a new program for pre-owned car shoppers they hope will provide a competitive advantage in sales. The program is called...
GM launches Commercial Growth Strategies and Operations division, Steve Hill to...
On Monday, General Motors announced that a new organization has been created, Commercial Growth Strategies and Operations, to oversee current operations across all brands...
