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Tuesday, May 10, 2022

Stellantis CEO: Industry faces battery, raw material shortages | Carvana laying off 2,500 | Toyota slashes production plans | U.S. EV registrations surge 60% | Mitsubishi bounces back to profitability

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Tuesday, May 10, 2022
CARVANA-MAIN_i.jpg

Carvana to lay off 2,500; executives to forgo salaries for rest of year

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Carvana
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KAR Global finalizes sale of ADESA U.S. to Carvana

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Toyota

Toyota slashes production plans

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GM partners with Red Hat to expand, accelerate vehicle software capability

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Bill Stephens, general manager, Norm Reeves Hyundai, IONIQ 5 first customer Yaron Alfi, and Randy Parker, senior vice president, national sales, Hyundai Motor America, at Norm Reeves Hyundai in Cerritos, Calif. on Wednesday 15 Dec. 2021. (Photo/Hyundai)
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U.S. EV registrations surge 60% in Q1, driven by Tesla, Ford, new Korean models

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VW CEO Diess rtrs web.jpg

VW CEO Herbert Diess sees tight race with Tesla for EV crown by 2025

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KC Crain and Allan Stejskal

Video | AutoAlert CEO on the advantages of robust data driven tools for dealers

Allan Stejskal from AutoAlert discusses the benefits of a robust CRM system and how dealers can use data-mining tools to increase sales.

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Vroom
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Vroom appoints new CEO, signals intent to 'realign' business

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Tesla

Tesla recalls 130,000 U.S. vehicles for malfunctioning center displays during fast charging

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Mitsubishi
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Mitsubishi bounces back to profitability

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DTI Index

Promoting dealer-consumer alignment across continued industry evolution

Over the past two-and-a-half years, the auto industry and its dealers have been impacted by a series of disruptive forces that have created only one constant: change. 

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Daimler Kallenius BB web.jpg

Mercedes is virtually sold out of EVs

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Lucid Air 22 web.jpg

EV maker Lucid to launch in Europe this year

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EV startup Canoo sues investor with China ties

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CarGurusQ1

CarGurus Q1 operating income stable while revenue soars 151% to $431 million

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TrueCar+

TrueCar Q1 net loss widens to $12.4 million

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