Carvana generates robust Q3 profits | UAW-Detroit 3 deals include some back pay for strikers | Cruise faces safety reckoning | Hydrogen combustion gains interest | Cox Automotive streamlines brands

The online used-car retailer reported improved net income of $741 million in the third quarter, aided in part by a one-time gain of $878 million on debt extinguishment. Revenue fell to $2.8 billion.

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Friday, November 03, 2023 Subscription Required Carvana posts improved net income in Q3; revenue down 18%   Read More > Subscribe today to unlock access to our Best Dealerships to Work for ranked list. Subscription Required UAW deals with Detroit 3 include some back pay for strike, layoffs   Read More > Subscription Required UAW sends Stellantis deal to members for ratification voting   Read More > Advertisement Do you know your subsequent vehicle owners? They want to know you. In 2022, there were over 31 million used vehicle ownership changes. It’s a lot to keep track of. To help automakers better connect with subsequent vehicle owners and build new relationships, we created LexisNexis® Owner Check. We can accurately identify vehicle owner changes within a matter of days, not months, to help ensure your customer data is current. Learn More > Subscription Required First Ford workers to go on strike vote heavily in favor of tentative deal   Read More > Subscription Required Cruise faces a safety reckoning that will determine its self-driving future   Read More > Subscription Required From race cars to cement mixers, hydrogen combustion gains interest for decarbonization   Read More > SPECIAL VIDEO REPORT: 2023 Automotive News Best Dealerships To Work For winner   Audi Bedford claims the top spot in this year’s Automotive News Best Dealerships To Work For. General Manager George McCarley says 'culture eats strategy for breakfast' and that’s what sets his dealership up for success. Watch the Video > DAILY DRIVE PODCAST: November 2, 2023   Penske Automotive Group CFO Shelley Hulgrave talks about the company’s diversification strategy, including its successful commercial truck dealership business. Plus, Toyota Motor North America is raising hourly wages for its U.S. manufacturing, distribution center, and logistics employees for the third time this year. LISTEN HERE >     Sponsored Content From CBRE Auto Dealership Capital Markets Dirt first, blue second: 5 steps to realize full value from auto dealership buy/sells Most auto dealership buy/sells leave money on the table. How can you avoid transaction missteps? An expert digs into a dirt-first approach to valuing dealerships, with insights on cash calculations, tax tactics, appraisal approaches and more. Discover five steps you can take to realize the full value of your dealership.   Read More > Subscription Required Cox Automotive streamlines brand offerings   Read More > Sponsored Content From Shell Lubricant Solutions How OEMs Can Help Customers Achieve Lubrication Excellence This paper highlights the top tips by Shell experts on how to help your customers achieve lubrication excellence.   Read More > BMW reports higher margin in Q3, sticks to annual forecast With its new Gen 6 cells, BMW sees no battery technology gap with Tesla   Read More > Subscription Required Aptiv maintains financial forecast despite $180M UAW strike loss   Read More > Subscription Required BorgWarner says EV profitability delayed as sales forecasts shrink   Read More > Subscription Required Cars Commerce Q3 net income, revenue up; Canadian dealership tech company acquired   Read More > Uber, Lyft to pay $328 million to settle New York wage theft claims   Read More > Subscription Required Tesla's October sales of China-made EVs slip   Read More > Automotive News Newscasts Check out our limited series podcast covering the industry's impact on carbon net neutrality,where we explore what's happening, why, and how. Best Dealerships to Work For See which dealers are going above and beyond for their staff this year. SUBSCRIBE NOW This email was sent to bimoharjanto.ankerbellok@blogger.com Manage My Account | Contact Us   © 2023 Automotive News 1155 Gratiot Ave., Detroit, MI 48207-2997 United States Privacy Policy | Terms and Conditions | Unsubscribe