Vinfast on Thursday announced that it had registered with the United States Securities and Exchange Commission (SEC) for an initial public offering (IPO). The automaker’s announcement did not include the size of the offering, which Vinfast previously said it planned to launch in the second half of this year. Bloomberg estimates a $2 billion valuation, […]
Vinfast files for IPO in US Read More »
Ford Motor Co. said on Monday it has signed a preliminary deal to buy lithium from a Lake Resources facility in Argentina, marking the first time the automaker has publicly announced where it will procure the electric vehicle battery metal. The deal is a major bet by Ford on direct lithium extraction, or DLE, a
Ford inks Argentina lithium supply deal with Lake Resources Read More »
The time has come for a new DeLorean. DeLorean Motor Co. Inc. says it plans to unveil an electric model at the Pebble Beach Concours d’Elegance in August. The company last week released a teaser image of the concept, showing the taillight and left shoulder. The prototype is being revealed at the Awards Ramp three
DeLorean says it’s coming back in the near future Read More »
PHOENIX — A steady cadence of new advertisements during key events made March the best month for GMC Hummer EV reservations since the SUV version was unveiled a year ago. “Awareness is a big thing, and I think that is on our side,” said Duncan Aldred, global vice president of Buick-GMC. GMC during the NBA
Ad blitzes fuel surge in demand for Hummer EV Read More »
Rising gasoline prices have prompted some commuters to consider ditching their cars for e-bikes. Both sales and general interest in e-bikes and scooters have increased, according to several micromobility companies, since Russia’s invasion of the Ukraine sent gasoline prices soaring. With commuters seeing benefits ranging from financial savings to health improvements, experts are wondering whether
E-bikes on a roll with rising gas prices Read More »
Drivers in Massachusetts waited in line for up to nine hours to fill their gas tanks for free, courtesy of dealer Ernie Boch Jr. Boch paid for more than 500 people to fuel up at a gas station in Norwood, Mass., to celebrate what he called “April Fuels Day.” He originally planned to give away
Dealer’s gasoline giveaway sparks massive lines Read More »
The New York International Auto Show returns this week after a two-year hiatus caused by coronavirus restrictions and concerns. But automakers are not back to their full level of pre-pandemic enthusiasm yet. A few manufacturers will show new electric vehicles, a hypercar and, yes, even good old-fashioned gasoline-powered models at the show, which opens to
New York auto show resumes with new products, EV test track Read More »
Carmen Hinton was always doubtful about winning contests and prizes. So she was surprised when her name was announced last month at the NADA Show as the winner of the fifth annual Women Driving Auto Retail Video Contest. Hinton has been the service manager for the past six years at Carter Myers Automotive’s Valley Subaru
Service manager Carmen Hinton encourages other women Read More »
Dealership sales departments have traditionally feasted on bountiful digital marketing budgets and tactics while fixed ops departments had to nibble on the leftover scraps, usually in the form of “spray-and-pray” direct-mail campaigns. But that dynamic is changing. Fast. “We’re on the cusp of an advertising revolution in fixed ops,” says Alexi Venneri, co-founder and CEO
Retailers tap targeted digital advertising to boost fixed ops Read More »
To James Stephens, using dry-erase whiteboards and lifeless posters taped to walls to promote fixed ops services is so yesterday. “A lot of what you see inside dealerships today is very outdated,” says the fixed ops director at Nashville-based Beaman Automotive Group, part of Hudson Automotive Group. But that’s not the case at the four
In-house digital display ads help car dealerships bring sizzle to fixed ops Read More »
