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Weekly Roundup: Rivian aims to renegotiate deal with Amazon, GM CMO retires, VW makes huge investment in EVs

Earlier this week, J.D. Power released its 2023 U.S. Electric Vehicle Experience Home Charging Study which showed declining satisfaction in level-2 EV home chargers among EV owners, General Motors CMO Deborah Wahl announced her retirement, VW pledged $131 billion investment in EVs, and more headlines to stay on top of this week in automotive industry news.

home charging
1. J.D. Power study shows EV home charging experience impacted by rising costs

According to J.D. Power’s 2023 U.S. Electric Vehicle Experience Home Charging Study released on March 16, 2023, the growing EV market has experienced rising electricity rates partly due to the recent inflationary period, which has led to lower satisfaction with home charging. Although more than two-thirds (68%) of EV owners have a permanent level 2 charging station at home, their overall satisfaction decreased by 12 points from last year on a 1,000-point scale, the study found. Read Here

Deborah Wahl
2. General Motors’ Deborah Wahl to retire from position as CMO

Deborah Wahl, global chief marketing officer at General Motors, is leaving the company. The information was confirmed by a GM spokesman, who stated that Wahl “decided to retire” and “will be transitioning until March 31, 2023.” Adding “We appreciate Deborah’s accomplishments since joining GM in 2018 and wish her well in her future chapter. We will hire a new Global Chief Marketing Officer through an external process.” Read Here

$131 billion, VW
3. VW pledges $131 billion investment in EVs and digital development

During the next five years, the Volkswagen Group has committed to spending $131 billion on electrification and digitalization.At least one new North American EV manufacturing plant will be included in the investment, which was revealed at the company’s annual general meeting on March 14, in Wolfsburg, Germany. The ID.7 and ID.Buzz, which will be sold under the VW brand, will make their North American debut in 2024. Read Here

Amazon Rivian , delivery-van pact
4. Rivian seeks to end exclusivity in electric van deal with Amazon

Amazon and Rivian Automotive are currently discussing renegotiating the exclusivity agreement of their electric-van contract after the online retailer’s order for 2023 came in at the low end of a previously promised range. In response, Rivian attempted to get the exclusivity clauses removed so that it could sell its delivery trucks to other clients. They claimed that discussions were still ongoing. Read Here

Barra, GM
5. GM wants to cut more jobs and save costs through voluntary separation offers

General Motors CEO, Mary Barra, informed staff on March 9 that additional job cuts will be made, but this time it will be voluntary. The announcement came about a week after GM abruptly cut several hundred jobs to help it reduce costs and build a top-tier workforce to help it transition to an all-electric car company. Read Here

6. Leading employees through times of change — Scott Mautz

Scott Mautz change

Initiating change can be challenging for everyone, but, as leaders, business owners can find it even more difficult to guide their employees throughout developments in a business’s growth. Scott Mautz is the founder of Profound Performance, a keynote, training, and coaching company, and the author of the best-selling book “Leading from the Middle.” On this episode of Inside Automotive, Mautz joins host Jim Fitzpatrick to discuss how entrepreneurs can plan and execute change as leaders. Watch Now

7. New franchise laws in California could affect entire U.S. car market – Brian Maas

franchise laws Brian Maas

Franchise laws are set to be reformed in several states, including California, revising factory reimbursements for warranty work. Brian Maas is the President of the California New Car Dealers Association (CNCDA), where he keeps careful track of the massive region’s catalytic car market. On this episode of Inside Automotive, Maas joins host Jim Fitzpatrick to discuss these laws and what they could mean for retail automotive at large. Watch Now

8. How to make your dealership recession proof — Jason Frampton | Ken Garff Auto Group

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Ken Garff Automotive Group, ranked ninth on Automotive News’ list of the top 150 dealership groups, continues to invest and grow their operations. On this episode of Inside Automotive, host Jim Fitzpatrick is once again joined by Jason Frampton, Market President of Ken Garff Automotive Group, to discuss how dealers can navigate a changing market and prepare themselves for a possible recession. Watch Now

9. To buy or not to buy: M&A activity in today’s car market — Alan Haig

Alan Haig discusses M&A activity

As the dust from the COVID pandemic settles on the automotive industry, M&A activity has become more energetic than ever. Dealers are now taking the next steps in their careers, whether this means making an exit or expanding their business, in greater numbers than ever before. Alan Haig is the President and Founder of Haig Partners, an investment bank serving dealers in their M&A efforts. On this episode of Inside Automotive, Haig joins host Jim Fitzpatrick to discuss why so many storeowners are looking for a change of pace, the state of M&A activity, and what buyers should do to navigate the process successfully. Watch Now

10. The era of great sales and high pricing is over — Kevin Tynan | Bloomberg Intelligence

high pricing

In many cases, it was another winning quarter for the OEMS. On today’s episode of Inside Automotive, Kevin Tynan, senior automotive analyst for Bloomberg Intelligence, joins us to talk about the recap of the earrings and the woe’s Carvana is currently facing. Watch Now

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Anna Delvillar
Anna Delvillar
Anna is the editorial and programming coordinator at CBT News. She graduated with a B.A. in English Composition from Georgia State University. She is an enthusiastic and skilled media professional with high-caliber communication skills, and has five years of experience performing multimedia writing, editing, and publishing for automotive, tech, and small business media.

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