Rivian Q2 net loss widens to $1.46B despite sales gains, cost cutting

7August 2024

Rivian Q2 net loss widens to $1.46B despite sales gains, cost cutting

Rivian said it ended the second quarter with $5.8 billion in cash and cash equivalents...

7August 2024

Honda profit rises to record high on strong U.S. sales, weak yen

Honda has been cashing in on a surge in demand for hybrids as fading subsidies...

7August 2024

Tesla EVs shunned by German drugstore chain after Musk backs Trump

The Rossmann drugstore chain says Donald Trump’s climate change views are incompatible with Tesla’s mission...

6August 2024

Rivian Q2 net loss widens to $1.46 billion despite sales gains, cost cutting

Rivian said it ended the Q2 with $5.8 billion in cash and cash equivalents compared...

6August 2024

More dealerships close as Tropical Storm Debby lingers over Southeast

One state auto dealer association leader said he was concerned about the slow-moving nature of...

6August 2024

GM CEO Mary Barra guest stars in Mohawk Chevrolet’s viral video parody on TikTok

Mohawk Chevrolet’s TikTok series, “The Dealership,” shows co-creator Grace Kerber visiting GM headquarters to pitch...

6August 2024

Elon Musk’s X sues industry group over ad boycott

The suit comes after House Republicans began targeting the group, known as GARM....

6August 2024

DARCARS Honda and owners face civil charges for alleged deceptive sales practices

DARCARS denies the allegations filed in a Maryland Attorney General statement of charges in July....

6August 2024

Adient net income plummets 69% in fiscal Q3 amid delayed launches, Europe troubles

Despite challenges in Europe, the global seating supplier sees promising growth opportunities with Chinese automakers....

6August 2024

The 6 coolest things about the 2025 Genesis GV80 Coupe

The 2025 Genesis GV80 Coupe, which trades fastback styling for the third row found in...

6August 2024

Asbury Automotive sells Colorado, Georgia Nissan car dealerships

Asbury Automotive Group Inc. sold one Colorado dealership and one Georgia store during the second...

6August 2024

TrueCar’s Q2 net losses decrease thanks to higher dealer franchise revenue

The CDK cyberattacks caused some impact, but the vehicle listings company reduced losses, grew revenue...

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