Ford’s EV losses: $2 billion in 2022, $3 billion expected in 2023
Ford on Thursday reaffirmed 2023 full-year targets of $9 billion to $11 billion in EBIT and about $6 billion in adjusted free cash flow. It also said it remains confident…
Audi is in talks with Chinese state-owned SAIC Motor for an EV platform
The rumor mill is gaining momentum in China as two more sources have shared new details of Audi’s alleged plans to source its next EV platform from an OEM overseas.…
Car dealerships slowly examine ChatGPT’s potential
Dealerships may be dabbling in ChatGPT right now, but some of their technology providers believe adoption will happen swiftly. “I think we’re talking a year to a year and a…
Zeekr aims at Audi, BMW, Mercedes buyers in Germany
GOTHENBURG, Sweden – As Zeekr, the Geely premium full-electric brand, prepares to enter the European market, it is taking aim at Audi, BMW and Mercedes-Benz customers who are switching to…
Stellantis boosts circular economy activities with JV
It also helps contribute to Stellantis’ net-zero carbon emissions goals, Jones said. “The technology is changing as to what can be recycled,” he said, and more parts are being designed…
GM raises its 2023 earnings outlook
Even as GM raised its outlook for adjusted EBIT this year, the automaker lowered its full-year net income forecast to a range of $8.4 billion to $9.9 billion, from its…
The power of post-purchase: How automakers can maximize customer lifetime value
3. Connectivity will become key Integrating the car into the ecosystem is critical, and in-car connectivity plays a vital role in keeping consumers connected and engaged while on the go.…
Ford Oakville plant’s switch to EVs will start in 2024
Ford Motor Co. on Tuesday said the previously announced $1.3 billion transformation of its Oakville Assembly Plant for electric vehicle manufacturing will begin in the second quarter of next year…
Inventory at its highest point in nearly 2 years
New-vehicle inventories rose slightly last month to their highest point in nearly two years as production constraints continue to ease, according to data compiled by Cox Automotive and the Automotive…
Why some Jaguar dealers are being asked to give up franchises
Haig noted that most Land Rover dealers did end up acquiring nearby Jaguar stores and then built new, combined facilities. But dealers who made that investment and now decide to…