CBT News | Automotive Industry | Dealership News
WEBSep 16, 2024 · Stellantis is laying off nearly 200 workers at its Sterling Heights Assembly Plant in suburban Detroit, where the company builds the Ram 1500. Effective September 28, these layoffs include all 177 temporary workers, referred to as supplementals, along with 14 full-time employees. The decision was communicated through a …
The entrepreneurs and investors leading the automotive tech …
WEBNov 10, 2023 · The National Auto Venture & Investors Conference is the industry’s largest venture conference, gathering together entrepreneurs, investors and industry leaders for a high-caliber event unlike any other. NAVIcon arms executives, dealers and investors with information and visibility into emerging trends and important shifts in the auto-tech ...
How the automotive digital marketing landscape is changing — …
WEBJan 10, 2024 · Digital marketing remains a key investment area for car dealers in 2024, as the retail automotive sector continues to lag behind others in innovation and technological proficiency. In the months ahead, business owners and operators must carefully weigh their options to choose the strategies and partners that will best help their brands navigate the complicated digital landscape.
Toyota's global production plummets amid certification scandal …
WEBJul 30, 2024 · Toyota’s global production tumbled in June, marking the fifth consecutive month of decline. The automaker has been severely impacted by a certification scandal in Japan and an intense price war in China. Worldwide output for Japan’s largest automaker dropped 12.9% to 795,862 vehicles, the steepest decline since December 2022.
Dealer optimism hits new lows as industry adjusts to post …
WEBDec 8, 2023 · Dealer optimism hits new lows as industry adjusts to post-pandemic economy. Dealer optimism dropped significantly in the fourth quarter as the retail automotive sector wrestled with a normalizing car market and an oppressive economic climate. According to Cox Automotive’s Q4 Dealer Sentiment Index, dealer optimism dropped five points from the ...
Group 1 expands with Modern Classic Motors acquisition in South …
WEBMar 12, 2024 · Group 1 expands with Modern Classic Motors acquisition in South Carolina. The acquisition is expected to boost GP1's yearly income by $140 million. By Jaelyn Campbell. March 12, 2024. Mercedes-Benz of Hilton Head. On March 11, Group 1 Automotive, one of the nation’s leading auto retailers, announced the acquisition of Modern Classic Motors in ...
Sonic Automotive surges 76% despite CDK outage; Jeff Dyke …
WEBBy Jaelyn Campbell. August 20, 2024. Despite the estimated 1.02 billion dollar loss for dealerships due to the CDK Global outage, Sonic Automotive’s second-quarter net income is up 76% year-over-year. Joining us on the recent episode of Inside Automotive to talk more about that is Jeff Dyke, the President of Sonic Automotive.
GM invests in retooling plants for EV production amid slower …
WEBAugust 8, 2024. General Motors (GM) is heavily investing in repurposing its internal combustion engine (ICE) assembly plants to produce electric vehicles (EVs), a strategy President Mark Reuss says is more cost-effective and agile than constructing new factories. This approach allows GM to utilize existing facilities for both gasoline and EVs ...
Shows - CBT News
WEBEnable AllSave Settings. CBT Automotive Network brings weekly shows in addition to the daily CBT News webcast, featuring information on everything from marketing and sales to motivational leadership advice.
CDK Global progresses cyberattack recovery with key dealers back …
WEBJul 1, 2024 · CDK Global made significant strides in its cyberattack recovery efforts, bringing a second small group of dealer customers and a major public dealership group back online on June 27. The company is adopting a phased approach to restore its systems, ensuring gradual and secure reintegration. In a …
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