NADA Issues Third Quarter 2021 Auto Sales Analysis
Oct 14, 2021
Washington DC October 13, 2021; Today, the National Automobile Dealers Association (NADA) issued its analysis of U.S. auto sales and the economy for the third quarter of 2021 and provided insights into auto sales for the remainder of the year. “The biggest story this year in the auto industry has been the semiconduct ... Continue reading
TikTok's Top Motors: Cars and Trucks racking up over 17 million views on TikTok +VIDEO
Oct 14, 2021
New research reveals the most popular car brands on TikTok. TikTok has exploded in popularity over the last couple of years, and according to the comparison and switching service Uswitch.com <https://www.uswitch.com/gas-electricity/>, car videos have become a viewer favourite, racking up billions of views. ... Continue reading
More than 100 U.S. lawmakers urge Pelosi to back union EV tax credit
Oct 12, 2021
WASHINGTON, Oct 12 Reuters reported that more than 100 U.S. House lawmakers on Tuesday urged Speaker Nancy Pelosi to keep a $4,500 tax credit incentive for union-built electric vehicles (EV) in a massive spending bill. In a letter seen by Reuters, 107 Democrats urged Pelosi to retain the credit supported by the United ... Continue reading
USAA Increases Minimum Pay to $21 per Hour for All Employees
Oct 11, 2021
SAN ANTONIO, Oct. 11, 2021 -- USAA today announced that it's increasing minimum pay from $16 to $21 per hour, or $43,680 annually. ... Continue reading
GO, Car Subscription Launches Service in Additional Cities
Oct 11, 2021
GO, a first-of-its-kind car subscription startup, announced today that they are now available to customers in more metro areas, as the company continues to grow its fleet and expand service nationally. Distinct from traditional auto lease and finance, GO’s model offers subscribers a simple and affordable alternative. ... Continue reading
Mazda News: Mazda Will Add Three All-New SUV Models Added Over Next Two Years
Oct 8, 2021
October 6, 2021 This release is a US market supplement to Mazda’s global product update made on October 6, linked here. IRVINE, Calif. ... Continue reading
Oct 8, 2021
October 7, 2021 , KOKOMO, Indiana - Stellantis today announced it would invest a total of $229 million in three of its Kokomo, Indiana, plants to help the company reach its goal of achieving 40% low-emission vehicle sales in the U.S. by 2030. This announcement, which will retain 662 jobs, comes three months after the c ... Continue reading
Wholesale Used-Vehicle Prices Hit Record High Amid New-Vehicle Inventory Shortages
Oct 7, 2021
ATLANTA (Oct. 7, 2021) – Wholesale used-vehicle prices (on a mix-, mileage-, and seasonally adjusted basis) increased 5.3% month over month in September. ... Continue reading
BMW Group invests in innovative technology for efficient and sustainable lithium extraction
Oct 6, 2021
The BMW Group is stepping up its expansion of electromobility and will be releasing about ten million fully-electric vehicles onto the roads over the next ten years or so. By 2030, at least half the BMW Group’s global sales are expected to come from fullyelectric vehicles. ... Continue reading
GM Tells Investors: "Don't Worry Be EV Happy"
Oct 6, 2021
Mercedes-Benz News: Mercedes-Benz Reports Q3 2021 Sales of 71,185 Vehicles
Oct 6, 2021
ATLANTA--Mercedes-Benz USA (MBUSA) today reported Q3 2021 sales of 55,130 Mercedes-Benz models. Additionally, Mercedes-Benz Vans recorded Q3 sales of 16,055 bringing MBUSA to a grand total of 71,185 vehicles for the quarter, a decrease of -16.4% over the comparable period last year. ... Continue reading
TruckLabs Raises $15M Series A to Bring Aerodynamic, Fuel-Saving Device to Millions more Trucks
Oct 6, 2021
REDWOOD CITY, Calif.--TruckLabs, a technology company helping transform the trucking industry, announced today that it has raised a $15 million Series A round to fund the continued growth of its product suite that empowers fleets to improve their operational performance by boosting fuel efficiency, increasing driver en ... Continue reading
Investors Take Dealer Software Maker Tekion's Value to $3.5 Billion
Oct 5, 2021
Tekion, innovator of the Automotive Retail Cloud™ (ARC), the first and fastest end-to-end cloud-native automotive SaaS platform, today announced a Series D financing round of $250 million, driving Tekion’s valuation to $3.5 billion. The funding round was led by Alkeon Capital and co-led by Durable Capital. ... Continue reading
Oct 5, 2021
Electric truck maker Lordstown warns of going concern risk; shares tank Ankit Ajmera and Ben Klayman reporting for Reuters reported that U.S. electric truck maker Lordstown Motors Corp said on Tuesday there was “substantial doubt” about its ability to continue as a going concern in the next year because of problems ... Continue reading
Lordstown Motors Update October 7, 2021
Oct 5, 2021
"While the agreement with Foxconn helps secure the future of the Lordstown plant and buys time to explore other business opportunities for RIDE (new programs, new platforms, new segments that have yet to be developed), we believe there would likely be little left for shareholders." Jonas and team think the downside to ... Continue reading
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