Fisker to report Q3 earnings after slow sales, price adjustments
The California-based startup cut its 2023 production forecast in August because of manufacturing issues and reduced the Ocean EV’s price by $7,500 in October for the top Extreme trim.
Ram adding extended-range EV, freshens 1500 with new engines
The 2025 Ramcharger has a gasoline engine that charges the battery, creating nearly double the range of the standard fully electric Ram 1500 REV.
Lucid faces tough Q3 earnings call after slow sales, price cuts
The startup is expected to lose $338,000 for every Air sedan it makes this year, according to Bloomberg Intelligence. On the upside, Lucid will present its new Gravity crossover on Nov. 16.
Genesis, BMW, Nissan and GMC dealerships among those sold across 4 states
The transactions involved a few first-time brand acquisitions and a dealer’s retirement.
Tekion trims staff a 2nd time in 2 months
A spokesperson said the new job cuts amounted to ‘less than 2 percent’ of its work force.