Carvana introduces online tool for consumers to track used-car values
Car owners input in the tracker certain data such as a license plate number, postal code and vehicle mileage to get a customized vehicle value, Carvana said.
Rivian rules out price cuts in response to EV rivals
“We are bullish on the continued strong demand for our products,” CEO RJ Scaringe said on Rivian’s second-quarter earnings call. Rivian increased its 2023 production forecast to 52,000.
UAW president trashes Stellantis contract proposal as 'insult' to members
Shawn Fain criticized bargaining proposals from Stellantis that he said include health care cuts and no new product for the idled Belvidere Assembly Plant.
Rivian boosts production target as Q2 loss narrows, revenue rises
The EV maker now expects to make 52,000 vehicles this year, up from its previous forecast of 50,000.
Service departments may see boost, S&P Global Mobility says
The age of vehicles on the road is a record-high 12.5 years, which will likely result in more repair business for service departments.