The National Automobile Dealers Association (NADA) has announced several changes to its senior staff, including the creation of a new position: executive vice president of public policy. The new role will be filled by Paul Metrey, who has been working as NADA’s senior vice president of regulatory affairs since April...
Ford and UAW Avert Strike with Tentative Agreement on 25% Raises
Ford and the United Auto Workers (UAW) union have reached a tentative agreement that would end a 41-day strike that affected the automaker’s U.S. operations. The agreement, which still needs to be ratified by the union’s 57,000 members, would give workers immediate 11% raises and a total of 25% raises...
Stellantis CEO Tavares Shares His Vision and Goals for 2024
Stellantis, the world’s fourth-largest automaker, has been facing some challenges in the U.S. market, where its sales and market share have been declining. However, the company’s CEO, Carlos Tavares, is confident that he can turn things around in 2024, by improving various aspects of the business, such as production planning,...
Fixed-Ops Revenue and Demand Rise in January Despite Car Price Decline
The fixed-ops sector of the automotive industry saw an increase in revenue and demand in January, offsetting the negative effects of falling car prices and dealership revenues. According to data from Cox Automotive, dealership service teams had more business in January than in December, despite the severe winter weather across...
CMA Launches Market Study into Infant Formula Prices in the UK
The Competition and Markets Authority (CMA) has announced that it will conduct a market study into the supply of infant formula in the UK, following its initial findings that the average price of infant formula had risen by 25% over the past two years. The CMA said that it was...