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Newsby StaffFebruary 16, 2022

VW Plans to Increase Production in Second Half of 2022

Volkswagen plans to decide on location for new plant and increase production output in the second half of 2022, reports company officials.

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Newsby StaffFebruary 16, 2022

LMP Automotive Holdings Announces its Board of Directors Approved an Immediate Pursuit of Strategic Alternatives

The Company intends to terminate all of its pending acquisitions in accordance with the terms of their respective acquisition agreements, primarily due to the inability to secure financial commitments and close within the timeframes set forth in such agreements.

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Newsby StaffFebruary 16, 2022

Cox Automotive Auto Market Report

In the most recent Auto Market Report video, Cox Automotive Chief Economist Jonathan Smoke notes that 2022 has started slower for the U.S. economy and for vehicle sales.

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Newsby StaffFebruary 15, 2022

Black Book: Weekly Market Update

The rate of week-over-week declines has accelerated, exceeding the typical seasonal expectations for this time of year.

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Newsby StaffFebruary 15, 2022

Tesla Closes in on BMW Luxury Sales Title

Tesla’s Model Y could overtake BMW as the top-selling luxury model when its plant opens in Texas.

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Newsby StaffFebruary 15, 2022

Blockade of Ambassador Bridge Costs Auto Industry Millions

Total losses add up to $300 million, with a $155 million hit to automakers and $145 million in lost direct wages.

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Newsby StaffFebruary 11, 2022

Lithia Motors Reports 55% Increase in Q4 Net Income

The auto retailer reports sales jumped 34% in the fourth quarter and soared 51% for the year.   

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Newsby StaffFebruary 11, 2022

Toyota and Honda Stay Positive on Profits

Tight supply and lower production helps the companies sell vehicles with fewer financial incentives than they traditionally offer.

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ArticlesFebruary 9, 2022

Bust Business Bullies

Take steps to combat competitive insurgency strikes to protect your business.

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Newsby StaffFebruary 9, 2022

GM Keeps Plants Going Amid Chip Shortage

GM entered a deal with semiconductor chip manufacturers to keep its North American assembly lines in production.

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