Category: News Site

Tesla secures $135 million in incentive for Gigafactory Mexico despite delaying the factory

Tesla has secured roughly $135 million worth of incentives for Gigafactory Mexico despite delaying the construction of the factory. Tesla officially announced Gigafactory Mexico back in March, and until recently, we were wondering what was the hold up to start production after the automaker said it wanted to move fast. In October, Tesla confirmed that it was… Continue reading Tesla secures $135 million in incentive for Gigafactory Mexico despite delaying the factory

Cruise is in danger of becoming GM’s latest trendy venture that doesn’t pay off

Sydney Boyo DETROIT — General Motors‘ plans to diversify its business through trendy industries such as ridesharing and other “mobility” ventures or startups have largely fallen flat since the automaker started investing in such growth areas in 2016. Cruise, its majority-owned autonomous vehicle subsidiary, is increasingly looking like it might be next. The unit has… Continue reading Cruise is in danger of becoming GM’s latest trendy venture that doesn’t pay off

GM to lay off 1,300 Michigan workers as vehicles end production

UAW Local 5960 member Kimberly Fuhr inspects a Chevrolet Bolt EV during vehicle production on May 6, 2021, at the General Motors Orion Assembly Plant in Orion Township, Michigan. Steve Fecht for Chevrolet DETROIT — General Motors plans to lay off about 1,300 workers in Michigan starting early next year due to vehicles they produce… Continue reading GM to lay off 1,300 Michigan workers as vehicles end production

Dealers to see increased website traffic over festive period

Dealers can expect a spike in website traffic, social media activity and volumes of enquiries for new and used cars over the festive season and into the New Year. Marketing Delivery evaluated consumer activity on the websites of motor retailers across the UK at the end of 2022 and identified a 26.7% increase in traffic,… Continue reading Dealers to see increased website traffic over festive period

Dealers warned to prepare for greater motor finance scrutiny

Dealers have been warned to prepare for a  higher level of scrutiny from regulators as motor finance complaints rise. The Financial Ombudsman Service reported that complaints increased by 115% to 4,622 in the third quarter of 2023, saying they were increasingly hearing from people worried about whether they can pay their motor finance deals. Richard… Continue reading Dealers warned to prepare for greater motor finance scrutiny

German Manager Magazine: Audi: Former works council head Peter Mosch goes to Audi subsidiary PSW002954

Restore iTunes subscription manager+ is processed through your iTunes account and paid for upon confirmation of purchase. 24 hours before expiry, the subscription is automatically extended by one month at the current price of €24.99. You can cancel your subscription at any time in your iTunes account settings. To use manager+ outside of this app,… Continue reading German Manager Magazine: Audi: Former works council head Peter Mosch goes to Audi subsidiary PSW002954