NADA numbers Some highlights from the NADA Data 2022 annual financial profile of U.S. new-car dealerships 2022 2021 2020 2019 Total sales $1.21 trillion $1.18 trillion $980.25 billion $1.03 trillion Average dealership new-vehicle retail sales per salesperson 102 vehicles 113 vehicles 104 vehicles 104 vehicles Average dealership used-vehicle retail sales per salesperson 137 vehicles
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In this article F Follow your favorite stocksCREATE FREE ACCOUNT 2024 Ford Ranger Raptor Ford DETROIT — Ford Motor on Wednesday revealed its redesigned Ranger midsize pickup truck for the U.S., including a new Raptor performance model. The addition of the Raptor — starting at $56,960 — is part of Ford’s plan to increase high-profit
8:01 AM ET ESPN staff ESPN is the exclusive home of Formula One in the U.S. in 2023. ESPN will show every session of every race across the season, commercial-free, on ESPN, ESPN2 or ABC. TV schedule (all times Eastern): Azerbaijan Grand Prix Editor’s Picks The Azerbaijan Grand Prix is the first of six races
Workers at a Clarios vehicle battery plant in Holland, Ohio, began striking Monday morning after voting down a contract proposal, local TV news station 13abc reported. The approximately 400 striking workers are members of UAW Local 12. Clarios is a leading global producer of low-voltage batteries for a range of vehicles, with 18 plants and
In this article RIVN Follow your favorite stocksCREATE FREE ACCOUNT Rivian Courtesy: Rivian Electric vehicle maker Rivian Automotive on Tuesday reported a first-quarter loss that was narrower than expected and said it’s still on track to meet a 50,000-vehicle production target for 2023. Shares were up about 4% in after-hours trading following the news. related
May 9, 2023, 08:33 AM ET Alpine boss Laurent Rossi has warned the Renault-owned Formula One team he will make changes before the end of the season if performance does not improve. Alpine ended last year fourth but are now sixth with French drivers Esteban Ocon and Pierre Gasly scoring just 14 points from five
UVeye, a company that uses artificial intelligence for vehicle inspections, has raised $100 million from investors including General Motors Co. and CarMax Inc The Series D round was led by Hanaco Ventures, a venture firm based in New York and Tel Aviv, and brings UVeye’s total funds raised to $200 million, the company plans to
In this article GM Follow your favorite stocksCREATE FREE ACCOUNT A sign with the General Motors quality mission statement stands in the lobby at the GM Warren Tech Center in Warren, Michigan. Rebecca Cook | Reuters DETROIT – General Motors has hired former Apple executive Mike Abbott to lead a newly created software unit for
Laurence Edmondson, F1 EditorMay 8, 2023, 10:07 AM ET Close • Joined ESPN in 2009• An FIA accredited F1 journalist since 2011 MIAMI, Florida — The organisers of the Miami Grand Prix have held discussions about turning their annual Formula One event into a night race in the future. The 3.3-mile circuit is located around the grounds
Lucid Motors cut its production forecast to “over 10,000” this year from its previous estimate of 10,000 to 14,000 and posted a first-quarter net loss of $780 million as it burns through cash amid waning demand. Despite the disappointing numbers, which sent its stock price down nearly 9 percent in extended trading, CEO Peter Rawlinson
In this article TSLA Follow your favorite stocksCREATE FREE ACCOUNT Win Mcnamee | Getty Images News | Getty Images Tesla CEO Elon Musk joined Texas Governor Greg Abbott to break ground at the site of the electric vehicle maker’s new lithium refinery in Corpus Christi on Monday. Tesla plans to invest $375 million to build
May 8, 2023, 09:14 AM ET Red Bull have never started a Formula One season so well and are wondering what happened to rivals like Ferrari and Mercedes, team boss Christian Horner said on Sunday after five wins in five races. Four have been one-two finishes, with two-time world champion Max Verstappen now on three
Volkswagen Credit, the captive lending arm for VW Group of America, has named a new CEO, effective June 1. Ernst Jan van Eijkelenburg, previously regional manager of VW Financial Services China, will take over the top job at the captive, succeeding Jens Effenberger, who will return to VW Financial Services in Braunschweig, the company said.
In this article MAHM-IN TATAMOTORS-IN STLA Follow your favorite stocksCREATE FREE ACCOUNT The NH48 highway in India. The country’s electric car sector is small compared to other major economies like China and the U.S. Sw Photography | Digitalvision | Getty Images With a huge population, military and economy, India is viewed by many as country
MIAMI – Formula One turned to will.i.am and LL Cool J to add some razzmatazz around the build-up to the Miami Grand Prix but drivers remained unconvinced about the introductions they had to take part in before the race. In a departure from the conventional pre-race procedure ahead of Sunday’s main event, a portion of
BRUSSELS — Some of the first seeds of Audi‘s global ambitions to transition from fossil fuels toward carbon-neutral products and production were planted on the roof of the luxury brand’s assembly plant here more than a decade ago. Now, not only have those seeds taken root, but they’ve started to propagate from Brussels to locations
In this article RACE-IT RACE Follow your favorite stocksCREATE FREE ACCOUNT Ferrari Roma Source: Ferrari Ferrari said on Thursday that its first-quarter profit jumped 24% to 297 million euros ($328.8 million), on a 10% increase in shipments as huge demand for its latest models drove a surge in profitability. “Our order book already extends
New York City is handing out 500 free Apple AirTags to help police fight an epidemic of stolen Hyundais and Kias. Mayor Eric Adams said at a press conference last week that the city, like others around the country, has seen a rise in car thefts linked to viral TikTok videos that show how to