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Automotive News

Why car dealerships should consider diverse business partners

Curious to learn more? Here are five ways choosing diverse partners can benefit dealership leaders. 1. It gets you access to the best of the best. The best talents come from all backgrounds. Working with a partner that has built… Continue Reading…

Automotive News

Rivian’s stock rallies to highest in 2023 after posting strong deliveries

NEW YORK, July 7 (Reuters) – Shares of Rivian Automotive (RIVN.O) surged more than 18% on Friday as it continued to rally after the electric vehicle (EV) maker reported better-than-expected quarterly deliveries early this week. Rivian said on Monday it… Continue Reading…

Automotive News

The Port of Vancouver creates a ‘logistical nightmare’ for Canadian auto deliveries

Delays of up to a month at the Port of Vancouver, driven by heightened vehicle imports and a shortage of railcars, are prompting automakers that ship vehicles through the West Coast logistics hub to enact elaborate contingency plans to get… Continue Reading…

Automotive News

Polestar 3 electric crossover delayed again

Polestar now expects 2023 global sales volumes of 60,000 to 70,000, compared with its earlier forecast of about 80,000 units. Polestar delivered 51,491 units last year. “Given the tougher economic climate, it is difficult for us to compensate for the… Continue Reading…