GM to invest $45M at Indiana casting plant for Silverado EV, Sierra EV
The latest expansion at the Bedford, Ind., plant follows an investment there of more than $51 million in 2021.
Carvana cuts 1,500 jobs on slowing used-car demand
Demand for used cars has been negatively impacted by hybrid-working models and higher costs caused by rising interest rates, as consumers rethink personal mobility options to try and trim their daily expenses.
President Biden meeting with Ford CEO, UAW on economy
President Joe Biden is meeting on the economy with business and labor leaders, including the chief executives of Ford, Kaiser Permanente and Carrier Global, as well as the United Auto Workers union’s president.
That VW pickup dealers have dreamed about? They'll have to keep waiting
Speaking to journalists ahead of the Los Angeles Auto Show, the new North American and global heads of the Volkswagen brand appeared to dash hopes for a VW variant of the automaker’s planned new pickup for its nascent Scout brand.
Carvana CEO reflects on tough 2022: 'We're not a perfect company'
Carvana’s tumultuous journey in 2022 highlighted by mounting financial losses and a more challenging used-car market is being closely watched. CEO Ernie Garcia is prepared to get the company back on track.