A360 - Automotive Info

Automotive Deals

MULN Stock Alert: Mullen Announces $63 Million Order

Source: Ringo Chiu / ShutterstockAmong the meme stocks gaining traction today is Mullen Automotive (NASDAQ:MULN). Shares of MULN stock have surged more than 8% in today’s session, moving off of an all-time low seen over the past week. This move is on some rather compelling news for speculators and investors in this upstart electric vehicle (EV) maker. Mullen announced an impressive 1,000-vehicle order from the Randy Marion Automotive Group’s (RMA) Randy Marion Isuzu, LLC segment. The company reports that the deal should amount to $63 million when all Class 3 EV cab chassis trucks are delivered. RMA is a…

Automotive News

Study reveals drop in customer satisfaction for independents

Recent numbers from research firm Ducker Carlisle showed growing dissatisfaction with franchised dealership service departments. This week, JD Power released its 2023 US Aftermarket Service Index Study that showed an overall decline in satisfaction with independent repair facilities as well. The data firm revealed independent shops dropped in all three categories that make up the study — quick oil change, full-service maintenance and repair and tire replacement. Shops were scored on seven measures within each of the three segments. These include ease of scheduling, fairness of charges, service adviser courtesy and quality of work. This is the fourth year of…

Automotive Deals

VW’s battery plant deal changes Canada’s auto sector. Whether it’s worth $13B in subsidies is debatable

German automaker Volkswagen was in the city of St. Thomas, Ont., this week, announcing details of their plan to build their first electric battery plant in North America, in a move that backers say will super charge Southern Ontario into becoming a key cog in electric vehicle supply chains. VW’s plan is undeniably huge news in St. Thomas, but whether or not you think it’s enough to transform the place they call the Railway City into something more synonymous with electric cars depends on your perspective. The sheer scale of the plan is jaw dropping. The auto maker is pledging…

Automotive News

F&I talks over video a good option for car buyers

Jonathan Jordan, director of retail strategy for F&I product provider JM&A Group, said his company launched its so-called virtual F&I offering in 2018. He told Automotive News in late January the company had logged more than 23,000 transactions where the F&I manager and customer had never actually met — with about 20,000 occurring in the past two years. The video chat feature at first focused on the notion “customers don’t want to come to the dealership,” Jordan said. But this hypothesis was found to be incorrect, he said. “What I like to say is ‘it’s not that they don’t want…

Used Cars

Why the Used Car Market Is So Bad, and Won’t Get Better Soon

America’s car market operates in a giant cycle. No one planned it. But an interruption in one part of the cycle affects all the other parts. Waves that rock the new car market ripple through the used car market years later. Americans have spent most of the past two years dealing with record-high new car prices. The average price paid for a new car recently fell below the sticker price for the first time in nearly two years. Even that good news can be misleading because sticker prices themselves are near all-time highs. why? Because, says Brian Finkelmeyer, “the used…

Automotive News

Quebec toughens ZEV sales mandate, frustrating automakers

Quebec Environment Minister Benoit Charette announced April 21 that the province was “accelerating” the yearly percentage of ZEVs that must be sold until the goal of 100 per cent is reached in 2035. The current Quebec sales mandates are already more aggressive than the proposed federal mandates and the new provincial targets widen that spread significantly. For example, the federal ZEV target for 2027 is 23 per cent, the current mandate in Quebec is 34 per cent and the newly proposed mandate is 43 per cent. For the 2030, the federal target is 60 per cent, the current Quebec target…

Automotive Deals

Bankruptcy threat: Lordstown Motors says Foxconn deal unravels

Shares of Lordstown plunged 27 percent to 38 cents in morning trading in New York. Representatives for Foxconn could not be reached for immediate comment. The filing underscores the speed at which the partnership has become destabilized amid turmoil in the EV market. Just about six months ago, Foxconn agreed to invest as much as $170 million in Lordstown and take two board seats. The deal gave the EV maker much-needed capital while offering Foxconn, the Taiwanese manufacturer best known as the maker of Apple Inc.’s iPhone, a firm foothold in automotive production. Foxconn also paid $230 million for a…

Automotive repair

Car Repair Simulator codes [May 2023]: Free Gems and Coins

3rd May, 2023: We checked for new Car Repair Sim codes. Ever dreamed of becoming a mechanic, but don’t know your wrench from your ratchet? Then Car Repair Simulator is the Roblox game for you. This experience puts you in charge of a brand new garage which you’ll have to grow from scratch. To make your garage the best one around, you’ll have to hire mechanics, collect scrap parts, and add more equipment. If you’re struggling to get started, make sure to redeem some of the developer’s Car Repair Simulator codes, dishing out free Gems and Coins. Coins are needed…

33 Simple Tips to Improve Your Auto News

33 Simple Tips to Improve Your Auto News In the fast-paced world of automotive journalism, merely reporting facts isn’t enough. To truly stand out, capture your audience’s attention, and build a loyal readership, your auto news needs to be informative, engaging, and authoritative. Whether you’re a seasoned publisher, an aspiring blogger, or a social media influencer in the automotive space, constantly refining your approach is crucial. This comprehensive guide offers 33 actionable tips designed to help you elevate your auto news, enhance its impact, and drive unparalleled engagement. Elevating Your Content Creation & Quality The foundation of great auto news…

Used Cars

RA-Metal DP600 Internal Reinforcement Case Study Brazil Tooling

RA-METAL FERRAMENTARIA is already conquering space in the Brazilian stamping scene by attracting and retaining new customers. The company is situated in Limeira, about 150 km from the state capital São Paulo. They have strategically prioritized development in the engineering sector to meet customers’ tooling demands for stamped parts. Backed by a complete engineering structure focused on stamping simulation, the company also benefits from comprehensive building resources, with 1500 square meters of floor space, including eight machining centers, grinding machines, wire erosion, three tryout presses, as well as a metrology laboratory equipped with a 3D arm and a CMM (Coordinate…