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Kevin Tynan Bloomberg automotive retailers

Bloomberg’s Kevin Tynan on macroeconomic concerns for automotive retailers in 2023

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There have been winners, losers, and a lot of discussion surrounding the direct-to-consumer model in retail automotive during 2022. Kevin Tynan, Senior Automotive Analyst...
unemployment jobs

October jobs report stronger than expected, employers added 261,000 jobs

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The US Labor Department reported job growth in October was better than expected on Friday, despite efforts by the Federal Reserve to slow the...
automotive Tyson Jominy

J.D. Power’s Tyson Jominy on dealer optimism despite economic headwinds

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As the United States economy teeters on the brink of a recession, one industry that can weather the storm is the automotive industry. Joining...
Bloomberg recession

Bloomberg economists forecast 100% chance of US recession in the next...

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New Bloomberg Economics model projections made the likelihood of a US recession 100% within the next 12 months. The latest recession probability models forecast a...
inflation

US inflation accelerated again in September, rising 8.2%

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The month of September saw inflation accelerate rather than the decline economists hoped to see. Housing costs and the price of other goods increased...
Tesla earnings

Tesla Q3 2022 earnings preview: What to look out for

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Tesla is set to release its third-quarter earnings on October 19, and Trefis analysts predict revenues to land at an all-time quarterly high of...
Joe Serra Ford

Dealer principal Joe Serra on vehicle inventory, the economy, and OEM...

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To compete with the likes of Tesla, many OEMs are taking significant measures to accelerate the adoption of electric vehicles (EVs). In the last...
Mercedes-Benz production

Mercedes-Benz and Microsoft partner up to boost production efficiency using cloud...

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This week, Mercedes-Benz and Microsoft announced a partnership that will use Microsoft Cloud as a data platform to improve production efficiency at over 30...
Hyundai

Hyundai plans to modify vehicle software to support over-the-air updates by...

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At Hyundai Motor Group's global forum dubbed "Unlock the Software Age," the Korean automaker announced plans to transform its entire lineup of vehicles into...
Honda

Honda, LG choose Ohio for new $4.4 billion EV battery plant

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A new production facility jointly owned by Honda Motor and LG Energy Solutions finally has a future location. This week, the companies announced plans...