The review is part of an ongoing Securities and Exchange Commission probe of the company’s statements about its Autopilot driver-assistance system, sources told Bloomberg.
Continue Reading the above article 'Musk faces SEC probe for role in Tesla self-drivin...
Musk met John Podesta, a Democratic stalwart who serves as senior advisor to the president for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending, a White House spokesperson confirmed to Reuters.
Continue Reading the above article 'Musk met top U.S. officials on EVs Friday in Washi...
Elon Musk's Tesla tweet-fraud accusers say he confused the jury in trial testimony.
Continue Reading the above article 'Musk's Tesla tweet-fraud accusers say he confused ...
Sen. Joe Manchin, D-W.Va., last week introduced legislation — dubbed the American Vehicle Security Act — that would amend the Inflation Reduction Act's consumer tax credit for new EVs so that the effective date of the required EV battery sourcing is no longer tied to Treasury's release of proposed guidance on the restrictions.
Continue Reading the above article 'Manchin's new bill latest snag in EV tax credit ro...
Larry Van Tuyl pointed to the footprint of his former company, Van Tuyl Group, as to where he's looking for additional dealership acquisitions.
Continue Reading the above article 'Van Tuyl on the hunt ‘in 13 states' for dealersh...
Dealers might find value in paring their F&I product portfolio, according to the COO of Zeigler Auto Group and the finance director of Continental Auto Group.
Continue Reading the above article 'Prepare now for potential FTC regs, attorney says...
While Group 1 Automotive will likely acquire more dealerships in 2023, CEO Daryl Kenningham says the transactions may not come at the same rate as over the previous 18 months.
Continue Reading the above article 'Higher interest rates could slow Group 1 acquisiti...
Automotive mirror supplier Gentex said its fourth-quarter net income rose 2.3 percent to $86.2 million as customers improved production from previous quarters.
Continue Reading the above article 'Gentex says Q4 net income rose 2.3% while revenue ...
The company's executives and new owner pursued targeted job cuts in late fall 2022 as part of its effort to address any downturn but also boost efficiency and innovation.
Continue Reading the above article 'CDK's 'fit and focus' revamp strategy included som...
Tesla and its divisive CEO, Elon Musk, face safety investigations, shareholder lawsuits and falling favorability among U.S. shoppers. But weak enforcement and price cuts are playing in their favor.
Continue Reading the above article 'Elon Musk and Tesla power through regulatory, dema...