Ford pauses dealership EV certification program about a month away from implementation
— May 23, 2024After two years of active encouragement, Ford Motor Co. is suspending its electric vehicle (EV) certification
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Market Trends
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Ford seeing EV losses up to $100,000 per vehicle; Arizona Republicans file suit against EPA
— May 19, 2024Ford Motor Co. is cutting orders from battery supplies as the company is seeing losses up to $100,000
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Mild weather, used car prices returning to normal cut into Boyd Group’s earnings in Q1
— May 17, 2024A milder winter and used car prices returning to a more normal level negatively impacted Boyd Group Services
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CAR says keeping pace with tech advancements, employee expectations should be top business goals
— May 13, 2024New research from the Center for Automotive Research (CAR) emphasizes the need for the automotive industry
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Wayve looks to create AI autonomous driving products for OEMs with $1B investment
— May 10, 2024Wayve recently announced a $1.05 billion Series C investment to integrate AI into autonomous driving
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CNN article focuses on rising complexity of collision repair
— May 9, 2024A recent CNN Business article focused on the rising complexity of collision repairs, even for minor fender
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Ducker Carlisle: R1234yf is OEM refrigerant of choice for PHEVs and BEVs
— May 7, 2024Ducker Carlisle has confirmed that R1234yf is OEMs’ refrigerant of choice in plug-in hybrids (PHEVs)
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Toyota announces two new renewable energy steps in California
— May 7, 2024Toyota Motor North America has announced two major renewable energy steps it is taking in California.
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GM, Mercedes-Benz, Tesla report lower raw material costs in first quarter
— May 7, 2024GM saw profits, Mercedes-Benz maintained its revenue, and Tesla saw a revenue decrease in Q1 2024, but
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Paint and materials costs increase over 22% since Q1 2022
— May 6, 2024Based on company announcements from the five major refinish brands, collision repair customers were notified
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