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Ford Motor Co. will eliminate 3,000 jobs globally, according to a letter sent to employees Monday.
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Tesla faces new competition as new electric vehicle manufacturers come onto the scene.
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Dealership executives who apply and qualify will also receive complimentary flights, hotel stay, and participation in the ADX golf tournament.
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Recent data points to more auto borrowers struggling to keep up with loans, but default rates remain below pre-pandemic levels.
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The Federal Trade Commission has proposed new regulations that target dealership ads and F&I practices.
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The Estimated Average Weekly Sales Rate remains at 65%.
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The automaker’s new vehicle registrations grew 61% in the first half of the year to take the top spot among luxury automakers.
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Dodge plans to offer seven low-volume "heritage-influenced" versions of the Charger and Challenger at certain dealerships before it ends their production.
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The U.S. Court of Appeals for the District of Columbia has rejected a legal challenge to a decision to shift part of the 5.9-GHz band spectrum block from auto safety to wireless devices.
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Year to date, the total used market is currently on pace to finish the year down more than 12% from the 40.6 million recorded in 2021.
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