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Tag: industry

10 auto industry predictions for 2023

10 auto industry predictions for 2023

A customer seems at a vehicle at a BMW dealership in Mountain See, California, on Dec. 14, 2022. David Paul Morris | Bloomberg | Getty Illustrations or photos DETROIT — Wall Street and sector analysts remain on superior alert for signs of a “need destruction” scenario …
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Tesla, EV industry get first recession stress test. Will it be a bust?

Tesla, EV industry get first recession stress test. Will it be a bust?

Pedestrians walk past the Tesla Motors official authorized car dealer store in Hong Kong. Sopa Images | Lightrocket | Getty Images Is the first electric-vehicle recession here, or coming soon? As electric-car stocks plummeted in late 2022, the rout evoked comparisons to the dot-com stock bust …
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Wall Street eyes auto industry earnings for signs of ‘demand destruction’

Wall Street eyes auto industry earnings for signs of ‘demand destruction’

A indication advertises to invest in vehicles at a used car or truck dealership in Arlington, Virginia, February 15, 2022. Saul Loeb | AFP | Getty Visuals DETROIT – Since the commence of the pandemic in early 2020, U.S. automakers and dealers have observed report profits …
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How Amazon is giving Rivian an edge in the EV industry

How Amazon is giving Rivian an edge in the EV industry

Pursuing in Tesla’s footsteps, an additional electric powered car corporation has been producing a title for itself, with a exclusive spin: Rivian Automotive. Established in 2009, Rivian is focusing on upscale electric powered vans and SUVs with an emphasis on outside journey. CNBC’s John Rosevear phone …
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Automakers investing in the South as EVs change the auto industry

Automakers investing in the South as EVs change the auto industry

Jack Weaver, an 82-12 months-outdated retired dairy farmer whose household sits on a Civil War battlefield, lives around Typical Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn. – Jack Weaver can place to a cannon on a Civil War battlefield from …
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AutoNation and Lithia’s race to dominate the auto dealership industry

AutoNation and Lithia’s race to dominate the auto dealership industry

Auto dealerships have been mom and pop organizations for significantly of their existence. But the field is bit by bit consolidating. 6 publicly traded dealership groups — AutoNation, Lithia Motors, Team 1 Automotive, Sonic Automotive, Penske, and Asbury Automotive Group — have been on a shopping spree …
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Putin demands his government support Russian car industry

Putin demands his government support Russian car industry

LONDON — Russian President Vladimir Putin purchased his federal government on Thursday to immediately come up with new steps to assist the domestic motor vehicle industry, which has witnessed revenue crater because the invasion of Ukraine. Amid a crunch on need from Russian prospective buyers and …
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How the massive EV transition is starting in the car rental industry

How the massive EV transition is starting in the car rental industry

Tesla Product 3 electric cars at a Hertz airport locale. Photo by E.R. Davidson Not extensive just after Hertz International Holdings emerged from individual bankruptcy final summer time, reorganized following the Covid-19 pandemic stalled the complete motor vehicle rental market, the Estero, Florida-dependent business boldly introduced …
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Ford CEO expects industry consolidation as electric-vehicle transition fuels costs

Ford CEO expects industry consolidation as electric-vehicle transition fuels costs

Ford CEO Jim Farley poses up coming to a model of the all-new Ford F-150 Lightning electric pickup truck at the Ford Rouge Electrical Car or truck Middle in Dearborn, Michigan, April 26, 2022. Rebecca Cook dinner | Reuters DETROIT — Ford Motor CEO Jim Farley …
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Sony Vision-S 02 revealed, moves company big step towards car industry

Sony Vision-S 02 revealed, moves company big step towards car industry

For a company that stressed it had no desire in setting up a auto, Sony absolutely sure seems to be on the brink of starting to be an automaker. It traveled to CES 2022 to unveil its second design, a seven-seater electric powered crossover known as …
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