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GM 2023 guidance

GM to stop making Chevy Bolt after increasing 2023 guidance

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Coming off one of its most successful quarters, General Motors has revised its 2023 guidance to account for greater earnings and revenue than it...
spending

Tesla expects bigger spending bill in 2024, hopes to increase production

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Tesla expects to increase its expenditure next year, allocating more funds for its efforts to improve the production capabilities of its factories. For 2023, the...

Tesla to spend $3.6 billion to ready Nevada gigafactory for electric...

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Tesla has confirmed $3.6 billion in investments to prepare its Nevada "Gigafactory" site for additional battery manufacturing workloads, and production of its new electric...

How relations between OEMs and dealers are changing in 2023

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The relationship between dealers and OEMs is one of the industry's most discussed topics. While spats between manufacturing and retail are nothing new, the...
Ford

Ford plans to increase price of Mustang Mach-E

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Ford Motor Company announced it will increase the starting price on the Mustang Mach-E electric crossover. The increase will range from roughly $3,000 and...
Merecedes-Benz

Mercedes-Benz U.S. plants could switch to EV production by 2025

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Mercedes-Benz is prepped to lead the way for U.S. electric vehicle production. According to a statement made to Automotive News on Thursday by the...
shortage

More units are cut from OEM factory lines due to supply...

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According to AutoForecast Solutions, the number of reported vehicles cut from this year’s production forecast due to the microchip shortage may be underreported. So...
Automotive Standards Council

What can the auto industry do about incoming OEM digital retailing...

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On the latest episode of Auto Marketing Now, host Brian Pasch tackles the latest updates in OEM digital retailing programs and the mandates that...
fixed operations

How car dealers can increase revenue by shifting their focus to...

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There is a lot of focus on new vehicle inventories and how they are being impacted by the continuing chip shortage. Although grosses have...
minority

NAMAD Pres. Damon Lester discusses recent growth in minority-owned dealerships

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Minority-owned dealerships are on the rise according to recent numbers from the National Association of Minority Automobile Dealers. As 2020 came to an end,...