5 things the American-Made Index says about a supply chain in flux
Changes in the annual survey’s results show how automakers are quickly rethinking where they source their parts from.
General Motors overhauls ad agency roster
The decision concludes a review that began in January under Chief Marketing Officer Norm de Greve, a former CVS marketer who started at GM last July.
Stellantis signals more job cuts ahead in cost-reduction crusade
After already making buyout offers and layoffs in recent months, Stellantis said it’s planning $200 million more worth of head count reductions by year end.
Toyota invests $531 million in Texas to produce axles in-house
Toyota will construct a 500,000-square-foot building and add 400 jobs to its complex near San Antonio that produces Tundra and Sequoia to make “drivetrain parts.”
CarMax's Q1 net income falls 33% to $152 million, revenue slips 7.5%
The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1 percent. Same-store used-vehicle retail sales fell 3.8 percent.