Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen

5August 2024

Rivian to report Q2 earnings after cutting costs, reaching $5 billion deal with Volkswagen

Rivian’s second-quarter sales rose 9 percent to 13,790 despite a factory retooling in April to...

4August 2024

After slowdown last year, Carvana could again hit 400,000 used-vehicle sales in 2024

Carvana is starting to grow again and moving to capture used-vehicle market share, CEO Ernie...

3August 2024

Jaguar Land Rover production hit by flooding at aluminum suppliers

Supplies of aluminum have been impacted by floods in Switzerland. Porsche, Mercedes, BMW and Audi...

3August 2024

California dealership to pay $290,000 to settle environmental violations complaint

Del Grande Dealer Group, in California’s Bay Area, improperly disposed of automotive waste and failed...

2August 2024

Lithia increases stake in Pinewood DMS company to more than 25%

Lithia Motors Inc. now owns more than a quarter of the U.K. dealership management system...

2August 2024

Pricing, interest rates temper sales rebound

Overall growth is expected to slow in the second half after sales rose 2.2 percent...

2August 2024

Intel’s grim forecast could concern automakers in wake of microchip crisis

Intel is a major supplier of semiconductors to the automotive industry, having supplied chips installed...

2August 2024

Seating supplier to cut jobs in Detroit after truck discontinuation

Bridgewater Interiors LLC is planning to lay off 63 employees at its Detroit plant after...

2August 2024

Washington State creates instant rebate program for EVs

The Washington State Department of Commerce said there is $45 million in funding available, via...

2August 2024

Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

Magna International took the unusual step of lowering its outlook for its 2026 financial performance...

2August 2024

Top 5 stories of the week: Stellantis sues dealership over fleet dispute; Toyota testing scandal widens

A quick look at the top automotive stories of the week as determined by reader...

2August 2024

Magna, in unusual step, lowers 2026 outlook on EV uncertainty, contract assembly woes

Magna International took the unusual step of lowering its outlook for its 2026 financial performance...

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