Rivian CEO: Vehicle body complexity and cost lowered, Illinois plant retooling completed
— August 15, 2024While detailing its Q2 results, Rivian says it has made significant progress toward greater cost efficiency,
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Market Trends
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79% of Insurers project revenue increase and 14% staff reduction in upcoming year
— August 14, 2024Fourteen percent of insurance companies plan to decrease staff in the next 12 months while also 79% are
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Analysts predict P&C industry could once again weather an economic recession
— August 9, 2024Amid market volatility and economic uncertainty following last week’s poorly received jobs report,
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LKQ’s new CEO says lower repairable claims impacted Q2 revenue
— August 9, 2024LKQ CEO Justin Jude recently held his first earnings call in his new role when the company announced
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Axalta records highest quarterly sales in company’s history
— August 7, 2024Axalta Coating Systems recorded its highest quarterly net sales and adjusted EBITDA in the company’s
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Length of rental continued to decrease through Q2 and shop backlogs are improving
— August 6, 2024Length of rental (LOR) has decreased by 1.4 days to 16 compared to Q2 2023, but is still high above pre-pandemic
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Nissan, Honda, Mitsubishi join forces for EV development
— August 6, 2024Nissan Motor Co., Honda Motor Co., and Mitsubishi Motors Corp. announced last week that they’ve signed
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Chinese EV maker, BYD, attempts to enter Canada as regulations are considered
— August 1, 2024BYD, a Chinese EV maker, recently filed a regulatory document in an attempt to enter the Canadian market
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Part delivery times reduce following end of UAW strike; port strikes loom
— July 31, 2024Part delivery times have reduced since the UAW strike but another disruption looms with possible East
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Toyota brings production of new hybrid transaxle to the U.S.
— July 29, 2024Toyota West Virginia has begun production of the OEM’s fifth-generation hybrid transaxle — a
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