Leslie Doggett Industries' automotive retail arm expands in Texas
Leslie Doggett Industries has expanded its auto retailing division, Doggett Automotive Group, with the purchase of three dealerships in Texas.
U.S. vehicles get older and bigger as economic environment, consumer preferences change
Consumers’ choices to keep their current vehicles longer and purchase used instead of new are pushing the average age of U.S. vehicles up — a boon for the service industry. Passenger cars are the oldest on average; electric vehicles are the youngest.
Ford to cut 1,300 jobs in China, reports say
Ford’s sales in China fell below half a million units for the first time in a decade in 2022.
Elon Musk to meet President Macron, other leaders at France conference
Elon Musk will meet Finance Minister Bruno Le Maire to discuss newly announced tax credits for green investments that have been unveiled to rival the U.S. Inflation Reduction Act.
EV startups are still low on cash, Q1 financials show
Companies like Rivian, Lucid and Nikola have fewer months of cash on hand than they did last quarter.