Former Ford CEO Jim Hackett received total compensation of $16.7 million in 2020 for running the company for nine months, according to documents the Dearborn automaker released Thursday. That’s down slightly from nearly $17.4 million in 2019. “Jim (Hackett) has been … advising (Executive … Continue reading Ford’s Jim Hackett Kept $16.7M Pay Package in 2020 Despite Stepping Down as CEO
Harley-Davidson has decided the best way to get younger customers to buy a new motorcycle is to sell them a used one first. The Milwaukee-based company plans to roll out a certified pre-owned bike program, known as H-D Certified, adapting a strategy that carmakers … Continue reading Harley-Davidson Launches CPO Program to Entice Younger Buyers
Should we be putting the car salesman on the world’s most endangered list? Well, maybe not just yet, but if you push iron for Volvo, you might just want to update your LinkedIn profile. Earlier this week, on the same day … Continue reading Death of a Car Salesman? Some New Volvos Only for Sale Online in Canada.
With the 2021 Ford Mustang Mach-E representing the first of many Blue Oval electric vehicles – including the Ford F-150 BEV, Ford Transit E-Transit, and a future European model built on Volkswagen’s MEB platform – it’s safe to say that change is on the horizon. That includes big … Continue reading Ford Dealers Will Have To Pay $35K To Attain Next-Gen EV Certification
As Lordstown Motors gets closer to making and selling its Endurance pick up, they are asking lawmakers to allow them to skip the dealerships and sell direct. Lordstown Motors plans to start making the Endurance in September but when they … Continue reading Lordstown Motors Asks for Law Change to Skip Dealership Sales in Ohio
It’s no secret the C8 Chevy Corvette is a popular car. Demand for the mid-engine V-8-powered sports car has barely waned since it entered production in February 2020, with new cars still carrying dealer-markups. According to this latest report, the C8 was the … Continue reading In January the C8 Corvette Was the Fastest-Selling Car in America
Seven Nissan dealerships in Iowa have sued the car manufacturer, alleging they are struggling to turn a profit after the company tacked a state-specific fee onto cars going to the Hawkeye state. Nissan North America began including the “Warranty Supplemental Expense Charge” after the … Continue reading Iowa Car Dealerships Sue Nissan Over State-Specific Fees
Tesla announced that they purchased $1.5 billion worth of Bitcoin. During their filing with the Securities and Exchange Commission (SEC), CEO Elon Musk justified the purchase as a way to have “more flexibility to further diversify and maximize returns on its cash”. … Continue reading Elon Musk Says Tesla May Accept Bitcoin As Payment After Investing $1.5 Billion In Cryptocurrency
The Super Bowl is over, and while the Big Game itself wasn’t much of a contest this year, we wouldn’t blame you if you just watched for the splashy commercials. These days, most of the game’s high-dollar ads end up getting released early … Continue reading All of Super Bowl LV’s Automotive Ads
After a burst of reporting suggesting a deal between Hyundai and Apple for Apple Car production was imminent, the narrative is starting to shift. In new regulatory filings today, reported by Bloomberg, Hyundai and its subsidiary Kia Motors said that they … Continue reading Hyundai and Kia confirm they are No Longer in Talks with Apple Car Production
