“Factory help when it comes to leasing has definitely come down,” she said. “And even when they throw something at you, it’s not enough to change the customer’s mind.” IT DEPENDS ON INTEREST RATES But while cash and financing customers might come into the dealership less often, Zanchin isn’t concerned that lower lease penetration rates …
Auto tech startup MintList will launch its used-vehicle auction and trade-in platform in Ontario in mid-July, as the Vancouver-based company takes its first step outside Western Canada. Chief Executive Officer Mike Wood said the online tool is not designed to disrupt the dealership model but to cut out the “ugly bits” of transactions for both …
MintList auction platform makes bids for dealers in Ontario Read More »
Annwall noted that Tesla has the “best premium experience with fast charging.” Tesla has the biggest fast-charge network in the US, with more than 17,000 individual chargers in the Supercharger network, according to iSeeCars. Networks using the Combined Charging System, such as Electrify America and EVgo, have about 11,500 fast chargers. Tesla’s network has been …
Volvo joins Tesla charging network, joining GM, Ford, Rivian Read More »
At a meeting in June 1971 to review new car designs, Meyers didn’t care for any of the proposals from designers. Teague then proposed a wide, small car with lots of glass. He sketched what he later called a “grubby doodle” — a four-wheeled football covered in glass with a roll bar in the middle. …
Gerald Meyers obituary: Former American Motors CEO was 94 Read More »
Creating inclusive workspaces in the automotive manufacturing, distribution and retail sectors is not just a feel-good undertaking, it’s an essential part of doing business, according to panelists at an Automotive News Canada online forum said. “Inclusion is not just the right thing to do. It makes good business sense,” said Al Ramsay, vice-president and head …
Focus on diversity, equity, inclusion ‘makes good business sense,’ the panel says Read More »
CYVN Holdings, a company backed by the Abu Dhabi government, will invest about $738.5 million in Nio Inc., the Chinese electric vehicles the maker said on Tuesday, as it looks to bolster the automaker’s balance sheet. Nio and peers Xpeng and Li Auto are among those competing to grab a larger EV market share in …
Nineteen young and talented automotive executives have been honored as Rising Stars within the automotive industry by Automotive News Europe. A gala awards dinner to celebrate the 2023 Rising Stars winners will take place June 13 in Paris. Since the program was started in 2011, Automotive News Europe has awarded more than 230 Rising Stars. …
Automotive News Europe honors the 2023 Rising Stars Read More »
Social media challenges, which have steadily increased since 2020, range from silly and benign to downright dangerous and harmful. One of the latest harmful challenges to hit social media this summer is the “Kia Challenge”—and it continues to gain momentum across the country. The Kia Challenge is a TikTok trend that encourages social media users …
Austin Russella 28-year-old automotive technology billionaire, acquired an 82 percent stake in Forbes Global Media Holdings, parent of the well-known Forbes business magazine. The deal values the company at close to $800 million, the parties said in a statement Friday. The seller, Hong Kong-based Integrated Whale Media Investments will retain a minority stake. The Forbes …
Luminar CEO Austin Russell buys 82% stake in Forbes Read More »
BMW remains on track for slightly higher sales this year despite a dip in demand in the first quarter, including in the Chinese market, the automaker said. BMW said it delivered 588,138 BMW, Mini and Rolls-Royce vehicles in the first quarter, down 1.5 percent on the previous year, while full-electric vehicle sales rose 83 percent …
BMW electric car sales doubled in the first quarter Read More »
