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CBT automotive newscast: September 29, 2020

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Today’s Featured Interview: NADA Vice Chairman Paul Walser reflects on COVID-19 challenges and looks ahead to 2021 With 26 dealerships, Walser Automotive Group is the 56th largest auto...
auto sales

CBT automotive newscast: September 14, 2020

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Today’s Featured Interview: CBT News Market Update: Michael Tyman, Professional Success & Giovanna Scognamiglio, LotLinx The first half of September is behind us, and here is...
auto industry

CBT Automotive Newscast: September 2, 2020

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Today’s Featured Interview: Dale Pollak On the New Map for the Used-Car Business With inventory challenges continuing and uncertainty surrounding the market, dealers are having to make tough decisions. Industry expert Dale Pollak founder of vAuto and executive vice president of Cox Automotive, joined us to talk about the state of the retail auto industry […]
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Biden

Trump vs. Biden: What Are their Plans for the Auto...

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The American election is coming on November 3rd, just ten weeks away, and polls are very close between the Trump-Biden camps, according to CNN’s tracking data. Without a doubt, the auto industry can expect very different effects depending on who earns the public’s trust and occupies the Oval Office for the next four-year term. CBT […]
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Tom Maoli

Tom Maoli Asserts COVID-19 Created a ‘perfect storm’ for Auto...

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When dealing with the COVID-19 pandemic, serial entrepreneur Tom Maoli says, “the barrier became the blessing.” Tom is the President and CEO of Celebrity Motor Cars, LLC, a New Jersey and New York-based auto group that includes several high-line dealerships. With major OEM plants shut down for weeks or months, depending on their location, new […]
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tariffs

New Developments in the On-Going Auto Tariffs Saga

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For the last several months, the Trump administration has pushed towards wide-scale tariffs on many imports. The White House sees these measures as part of a broader trade strategy, leveling the playing field for a more competitive US market. Tariffs would fall under Section 232 of the US trade law, which cites national security interests. […]
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trade war

China Makes Significant Move in Trade War with U.S.

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The trade war between US and China just got worse on Friday. Beijing has now imposed tariffs on $75 billion in American goods in retaliation for Trump’s escalating tariffs on imported Chinese goods. The conflict has been on a collision course, with many Americans waiting for the other shoe to drop. It seems it may […]
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tariffs

Trade War Tariffs: Everything You Need to Know for the...

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There has been no shortage of back and forth in regards to the tariffs that have been threatened and implemented on other countries by the United States since Donald Trump took office. The first 7 months of 2019 have been no different, seeing as there have been countless meetings, talks, and negotiations between the U.S. […]
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Medal of Freedom

President Trump Announces That Roger Penske Will Receive the Presidential...

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President Donald Trump announced Thursday his plans to award the Presidential Medal of Freedom to automotive mogul and motor sports king Roger Penske. “We’re going to be presenting the Presidential Medal of Freedom to Roger Penske,” Trump told reporters at the White House during an Oval Office meeting with Canadian Prime Minister Justin Trudeau. “He […]
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CAFE standards

Automakers Make Their Pleas to Trump Regarding CAFE Fuel Regulations

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According to the Alliance to Save Energy, the implementation of the Corporate Average Fuel Efficiency (CAFE) standards in the 1970’s has continued to create “a better environment and increased energy security.” The standards have been tweaked a little periodically throughout the years, but things were really shaken up when President Trump began proposing an alternative […]
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