Ford commits $11.4 billion for shift to electric vehicles
A monumental announcement by Ford CEO Jim Farley sees the carmaker investing $11.4 billion into electrified mobility. The investment will create roughly 11,000 new jobs and is by far the...
TSLA371.650-1.15%
GM77.1450.525%
F11.510-0.73%
RIVN16.2000.14%
CYD40.080-0.69%
HMC24.0000.03%
TM191.170-0.145%
CVNA414.66018.07%
PAG170.935-0.725%
LAD291.00013.76%
AN206.4000.71%
GPI345.000-4.21%
ABG201.7500.36%
SAH74.8201.51%
TSLA371.650-1.15%
GM77.1450.525%
F11.510-0.73%
RIVN16.2000.14%
CYD40.080-0.69%
HMC24.0000.03%
TM191.170-0.145%
CVNA414.66018.07%
PAG170.935-0.725%
LAD291.00013.76%
AN206.4000.71%
GPI345.000-4.21%
ABG201.7500.36%
SAH74.8201.51%
TSLA371.650-1.15%
GM77.1450.525%
F11.510-0.73%
RIVN16.2000.14%
CYD40.080-0.69%
HMC24.0000.03%
TM191.170-0.145%
CVNA414.66018.07%
PAG170.935-0.725%
LAD291.00013.76%
AN206.4000.71%
GPI345.000-4.21%
ABG201.7500.36%
SAH74.8201.51%
OEM Headlines
Ford ends production in India after $2 billion in losses over past decade
The fifth-largest carmaker in the world, Ford, is pulling the plug on manufacturing in India. In an announcement on Thursday, Ford CEO Jim Farley indicated that the car company would...
A handful of C-suite roles change in auto industry this week
In the past few days, significant roles in the automotive industry have shuffled. The moves impact major carmakers like Ford, Mercedes-Benz, and Chrysler as well as tech companies like Apple....
Ford doubles F-150 Lightning production target on strong demand
It’s been just over three months since Ford announced the all-electric version of their best-selling pickup, the F-150 Lightning. Deliveries are expected to start in the spring of 2022, and...
Nissan exec. David Kershaw on boosting minority-owned car dealerships with development program
At the close of 2020, the number of minority-owned dealerships rose to 1,257, resulting in a net gain of 17 for Nissan. Although the overall numbers are still disproportionately low,...
Chevrolet Bolt recall highlights pitfalls for early EVs, opportunity for dealers
On July 23, General Motors announced a second recall regarding a potential fire risk for Chevrolet Bolt EVs. Around 68,000 vehicles could have a battery defect, identified just nine months...
Factory orders provide inventory stability and customer loyalty
New car and used car inventories are strained for many dealerships across North America and many other markets worldwide. The chip shortage has put carmakers in a tough spot, although...
General Motors mostly agrees to emissions standards
On Wednesday, General Motors CEO Mary Barra penned a letter to Michael Regan, the chief of the Environmental Protection Agency, stating that the automaker would be supporting stricter emissions standards...
Ford demonstrates adaptability with 2022 Ford Maverick
On June 8, Ford officially debuted the 2022 Maverick compact pickup that’s been a poorly kept secret for months. Bringing a new entry-level truck to their lineup that slots in...
Which major automakers performed the best in May 2021?
With automotive factories crippled by the chip shortage and closed showrooms, it would make sense to see passenger car and SUV sales dive, but that hasn’t been the case when...
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