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NADA | NADA Headlines

Senate Deal Includes EV Tax Credits Sought by Tesla, Toyota

A breakthrough deal between senators Chuck Schumer and Joe Manchin includes the extension of a popular consumer tax credit for the purchase of electric vehicles, a big win for EV makers like General Motors Co., Tesla Inc. and Toyota Motor Co.
NADA | NADA Headlines

U.S. Auto Sales to Fall in July on Slim Inventories

A shortage of vehicles at dealers due to the supply chain snarls gripping automakers is expected to drive down U.S. auto retail sales in July, according to industry watchers.
NADA | NADA Headlines

U.S. Auto Sales to Fall in July on Slim Inventories

 A shortage of vehicles at dealers due to the supply chain snarls gripping automakers is expected to drive down U.S. auto retail sales in July, according to industry watchers. Total new-vehicle sales including retail and non-retail transactions are expected to decline 5.7% this month from a year earlier after adjusting for…
NADA | NADA Headlines

JLR Owner Sees Wider-Than-Expected Loss as Chip Woes Drag On

Jaguar Land Rover’s Indian parent posted a higher-than-expected quarterly loss as a prolonged semiconductor shortage was worsened by surging commodity prices and a slow ramp up of its high margin Range Rover model.
NADA | NADA Headlines

U.S. Senate Votes to Advance Sweeping Semiconductor Industry Bill

The U.S. Senate voted 64-32 on Tuesday to advance legislation to dramatically boost U.S. semiconductor manufacturing in a bid to make the domestic industry more competitive with China.
NADA | NADA Headlines

VW Begins U.S. Production of EV Compact SUV in Tennessee

Volkswagen AG said Tuesday it has begun U.S assembly of its electric compact SUV ID.4 at its plant in Chattanooga, Tennessee.
NADA | NADA Headlines

U.S. Energy Department Set to Loan GM Battery Joint Venture $2.5 Billion

The U.S. Energy Department on Monday plans to announce it intends to loan a joint venture of General Motors Co and LG Energy Solution $2.5 billion to help finance construction of new lithium-ion battery cell manufacturing facilities, officials told Reuters.
NADA | Chairmans Column

FTC Safeguards December 9* Compliance Deadline Fast Approaching

There has never been a more exciting time to be a part of the auto retail industry.
NADA | NADA Headlines

GM, Ford Confront Wall Street's Recession Fears

General Motors Co and Ford Motor Co are about to replay a script they have played out many times before - trying to convince investors they can get through a recession without skidding into the red.
NADA | NADA Headlines

VW's CEO Diess to Step Down After Tumultuous Tenure, Blume to Succeed

Volkswagen's CEO Herbert Diess is stepping down and will be succeeded by Porsche boss Oliver Blume, Europe's top carmaker said on Friday, after a four-year tenure in which Diess pushed VW's electric vehicles ambitions and clashed with its work council and board.

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