Tesla asks which jobs are critical, stoking layoff fears
Tesla Inc. staff are bracing for potential job cuts after managers were asked to affirm whether each of their employees’ positions is critical.
Ford promises more dealer engagement, then skips Q&A
Ford executives promised to communicate better with dealers but frustrated some NADA Show attendees by not taking any questions during the brand’s make meeting.
Penske Automotive Q4 net income slides 36% to $192 million on rising interest costs
The dealer group said it faced a $21 million increase in interest costs driven by higher interest rates and inventory levels that together increased vehicle floorplan borrowing costs.
Buick prepares new campaign to advertise updated lineup
Buick’s four-vehicle portfolio in the U.S. will be fully freshened or redesigned by the end of 2024.
GM signs $18.6 billion EV cathode supply deal with LG Chem
The Korean chemicals giant agreed to provide GM with some 950,000 tons of cathodes through the end of the decade.