Ford poised to lift restrictions on which dealers can sell EVs
Ford, after 11 meetings with dealers around the U.S., plans to undo a key element of the EV certification it launched in 2022, prompting backlash and lawsuits......»»
Ford CMO Lisa Materazzo on using her finance background in automotive
Ex-Toyota marketer Lisa Materazzo, who was once an investment broker, discusses Ford’s ad priorities on the "Marketer’s Brief" podcast......»»
Ford updates floorplan assistance program based on dealer input
Ford is changing how it pays dealerships for the cost of carrying inventory, creating the potential for more profit and encouraging vehicles to be turned faster......»»
Ford said to plan further job cuts in Europe amid sales slump
Ford plans more restructuring in key European markets amid slumping sales and the loss of its top executive in the region to VW......»»
Fisker files for U.S. bankruptcy after cash burn, quality issues with Ocean crossover
The EV startup suffered from poor distribution of its Ocean crossover and quality issues. Fisker turned to franchised dealers for distribution and unsuccessfully sought a partnership with a major automaker......»»
Fisker files for U.S. bankruptcy after cash burn, quality issues with Ocean crossover
The EV startup suffered from poor distribution of its Ocean crossover and quality issues. Fisker turned to franchised dealers for distribution and unsuccessfully sought a partnership with a major automaker......»»
FTC jumped the gun with CARS Rule, dealer groups tell court
The National Automobile Dealers Association and Texas Automobile Dealers Association are continuing to press the argument the Federal Trade Commission jumped the gun and failed to follow proper rulemaking process with its new dealership regulations......»»
Venture capital investment in mobility has been muted, PitchBook finds
The mobility space is a tough sell to venture capitalists, who have seen startups struggle as electric vehicle demand cools......»»
Sonos removes a promise to not sell personal data, gets busted by users
Audio hardware maker Sonos has removed a promise from its US user agreement that it wouldn't sell users' personal information, which went unnoticed until eagle-eyed users spotted the change.Sono users are angry about recent changes to the lineup's ap.....»»
Stellantis exec departures raise alarm among U.S. dealers, salaried workers
Four prominent North American executives have left in recent months as CEO Carlos Tavares pushes Stellantis to improve its performance and cut costs......»»
Hyundai dealer agreement changes could be illegal in many states
A memo from NADA to its members alerts Hyundai dealers that certain amendments to the dealer sales and service agreement may break state franchise laws......»»
“Simulation of keyboard activity” leads to firing of Wells Fargo employees
With worker surveillance on the rise, vendors sell devices to fake keyboard and mouse movement. Enlarge (credit: Getty Images) Last month, Wells Fargo terminated over a dozen bank employees following an investigation int.....»»
Ford ending EV certification program, reopening sales to all dealers
Moving forward, dealers will be asked to invest in training through the virtual Ford University platform and spend a minimal amount of money on two Level 2 chargers......»»
Ford plans to cut up to 1,600 jobs at Valencia plant in Spain
The company, which employs about 4,700 workers at the factory, told unions it plans to eliminate 600 jobs permanently, while it is open to negotiate the possible rehiring of 1,000 people later......»»
Ford CFO: Rising inventories across the industry "worries me"
Ford CFO John Lawler said the industry will have to closely monitor supply and demand if it hopes to maintain the discipline many promised heading out of the microchip shortage......»»
Ford CFO says rising inventory levels across the industry "worries me"
Ford CFO John Lawler said the industry will have to closely monitor supply and demand if it hopes to maintain the discipline many promised heading out of the microchip shortage......»»
Longtime Ford dealer Sam Johnson dies at 84
At the peak of his career, Sam Johnson owned five dealerships spanning four states......»»
12-volt batteries with more power are poised for a long run in EVs and hybrids
In electrified vehicles and those with self-driving capabilities, no longer is it the battery's job to just start the engine and to keep the lights on. The 12-volt battery has a direct role in the vehicle's critical safety systems and in reducing emi.....»»
Jeep, Ford top survey of most patriotic brands
Jeep has been No. 1 in the annual survey every year since it started in 2002, while Ford repeated as No. 2 for the second year in a row......»»
AG resolves lease buyout cases with 2 more N.Y. Nissan dealers
Seven Nissan dealers so far agreed to pay restitution or penalties over allegedly bogus fees or improper vehicle price hikes for post-lease purchases......»»
The number of known Snowflake customer data breaches is rising
LendingTree subsidiary QuoteWizard and automotive parts provider Advance Auto Parts have been revealed as victims of attackers who are trying to sell data stolen from Snowflake-hosted cloud databases. Snowflake says that their investigation is still.....»»