Subaru won’t produce EVs in the US due to McDonald’s competitive wages
Subaru says it has no plans to invest in building electric cars in the US because of high inflation, saying it can't compete with wages paid by McDonald's, Automotive News...
TSLA386.47012.76%
GM76.110-0.98%
F11.900-0.25%
RIVN12.4600.03%
CYD25.4900.19%
HMC33.970-0.28%
TM194.860-1.67%
CVNA59.190-1.07%
PAG212.050-0.2%
LAD269.130-30.4%
AN153.010-8.88%
GPI224.850-18.17%
ABG164.050-8.08%
SAH60.680-3.35%
TSLA386.47012.76%
GM76.110-0.98%
F11.900-0.25%
RIVN12.4600.03%
CYD25.4900.19%
HMC33.970-0.28%
TM194.860-1.67%
CVNA59.190-1.07%
PAG212.050-0.2%
LAD269.130-30.4%
AN153.010-8.88%
GPI224.850-18.17%
ABG164.050-8.08%
SAH60.680-3.35%
TSLA386.47012.76%
GM76.110-0.98%
F11.900-0.25%
RIVN12.4600.03%
CYD25.4900.19%
HMC33.970-0.28%
TM194.860-1.67%
CVNA59.190-1.07%
PAG212.050-0.2%
LAD269.130-30.4%
AN153.010-8.88%
GPI224.850-18.17%
ABG164.050-8.08%
SAH60.680-3.35%
Q3 earnings
Stellantis Q3 net revenues jump 29% from a year ago
Stellantis announced its third-quarter financial results on Thursday, showing an increase in both revenues and shipments as shortages of semiconductors begin to ease.
The automaker reported third-quarter revenues of $41.2 billion,...
Ford Q3 earnings beat Wall Street expectations despite net loss of $827 million
Ford Motor Company released its third-quarter financial results this week and narrowly beat Wall Street expectations while reporting a net loss of $827 million for the quarter.
Ford attributed the loss...
Public auto groups report strong third-quarter results
Four of the six public dealer groups released record-breaking third-quarter financial results on Wednesday, including Group 1 Automotive, AutoNation, Asbury Automotive Group, and Sonic Automotive.
Group 1 Automotive reported total revenues...
Penske Automotive reports record Q3 revenue of $6.9 billion
Penske Automotive Group announced its third-quarter earnings on Wednesday, showing positive growth across almost all measurements.
The automotive and commercial truck retailer reported that revenue for the third quarter increased by...
General Motors Q3 earnings beat estimates, posts record revenue of $41.9 billion
General Motors announced its third-quarter earnings on Tuesday, with results beating analysts' expectations and easing concerns about a possible recession.
The automaker reported diluted earnings per share of $2.25 for the...
Rivian production rose 67% in Q3, confirms 7,363 electric pickups and SUVs
Electric vehicle maker Rivian announced that it produced more than 7,000 vehicles in the third quarter. The number marks the highest quarterly total for the company to date.
Rivian confirmed it...
Ford October sales results paint a healthy picture of growth
On Wednesday, Ford announced their October 2021 sales results, and the news was of a healthy, thriving carmaker. Though the total vehicle sales are lower than a year ago, Ford...
Is the auto retail industry poised for a strong start to 2021? – Jonathan Smoke
There have been many ups and downs throughout 2020 for the automotive industry. Dealers are coming off an incredible Q3, but will it carry over through Q4 and into the...
Why 2020 has been favorable for car dealers despite the economic hurdles – Steve Greenfield
On today’s show, we’re pleased to welcome Steve Greenfield, automotive expert, and CEO/Founder of Automotive Ventures. Greenfield specializes in advising founders, owners, and CEOs on mergers, acquisitions, and capital raises....
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