June 5, 2023
General Motors sees the biggest revenue opportunities from software and services that go beyond what vehicles offer today, rather than charging for features such as heated seats that customers already expect, CEO Mary Barra said Friday. Such software and services… Continue Reading…
June 4, 2023
General Motors and South Korea’s Posco Future M said they will invest more to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion. The companies… Continue Reading…
June 4, 2023
There are very few women at the wheels of Tesla. Detailed data about the demographics of Tesla’s workforce released for the first time this week shows men vastly outnumber women at the upper levels of billionaire Elon Musk’s electric car… Continue Reading…
June 3, 2023
Hewitt — an experienced used-car manager — is focusing on the store’s sales department, while Alalouf oversees fixed operations, accounting and finance. The partners each have three decades of automotive managerial experience. They met 25 years ago at what was… Continue Reading…
June 2, 2023
May marked just the second month of this year in which sales were up over 2021 totals, which were higher than 2022 totals in all but November and December of last year. DAC said that historically, May was more often… Continue Reading…
May 31, 2023
A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year in the course of buying the social media company for $44 billion. In a decision on Monday, US District Judge… Continue Reading…
May 30, 2023
The UK and the European Union will “soon” announce a solution on post-Brexit trading rules that automakers warn could lead to factory closures, Business and Trade Secretary Kemi Badenoch said. “This is not a UK problem, it is an EU-UK… Continue Reading…
May 29, 2023
The study captures North American automaker-supplier relations as parts makers navigate financial pressures stemming from inflation, unstable automaker production schedules, the shortage of microchips and rising interest rates. Those pressures, which began in late 2019 with the onset of COVID-19… Continue Reading…
May 28, 2023
Editor’s note: CarGurus said it has the right to buy the rest of CarOffer but has not made a final decision to do so. An earlier version of this story said the company planned to move ahead with that transaction.… Continue Reading…
May 27, 2023
The National Charging Experience Consortium has more industry involvement than other government-led consortia, Smart said. The industry has struggled with charging consistency and reliability for a number of reasons, including a lack of data sharing as automakers and charging companies… Continue Reading…