Dealers: Submit succession plans and exit stories by Sept. 29
Automotive News seeks to learn about dealers’ succession planning and decisions to stay in the auto retail industry or why they they have chosen to exit.
Stellantis offers 14.5% raises to UAW; union calls it 'deeply inadequate'
The proposal compares to initial offers of 15% by Ford Motor Co. and 16% by General Motors, though Stellantis wants to structure the raises in a way that would have a larger effect on workers’ future earnings.
Lender Westlake is using AI to make more auto loans
Westlake Financial is working with Pagaya Technologies Ltd. to make auto loans using artificial intelligence, targeting a void left by some lenders that have been pulling back from the business.
GM workaround for shipping snags: Dealer pickup from the factory
GM increased compensation for dealerships that send their own staffers to pick up vehicles from certain factories to more than $1,000. Thousands of stores have made the effort to increase inventory and keep customers from waiting.
Tesla Semi will be the one to watch at truck performance tracking event
The North American Council for Freight Efficiency’s “Run on Less – Electric DEPOT” will record performance, charge management and other metrics for three weeks.