Brand and dealership loyalty decreasing as consumers pay more, GfK research says
New research from Growth from Knowledge AutoMobility shows loyalty toward brands and dealerships continues to decline as sticker prices go up.
Bill with revamped EV tax credit passes Senate, heads to House
The Inflation Reduction Act ends per-manufacturer limits for the $7,500 tax credit for electric vehicle purchases, a boost for electric vehicle makers. But the vehicles will have to be built in North America and carmakers will have to quickly end a reliance on China for the battery supply chain.
BMW i4 EV to get entry-level version priced at $52,395
The single-motor 2023 BMW i4 eDrive35, debuting in U.S. stores early next year, will start at $52,395.
Stellantis program helps grow Black involvement in auto supply industry
The initiative’s goal is to provide businesses with virtual training and give them access to an online marketplace that builds “a bridge between the public and private sectors to create substantive business opportunities for Black suppliers” around the U.S. and internationally within the auto industry and beyond.
VW dealers worry about ‘revolving door’ ahead of Scott Keogh’s exit
Volkswagen dealers who were excited about the stability that Scott Keogh would bring to the job of CEO of VW of America now find themselves back on the executive merry-go-round, and they’re concerned that the German brand will continue to cycle executives in and out of North America.