A drop-off in auto sales usually sends incentives soaring and profits plummeting. Not in 2020, amid the biggest one-year decline in U.S. light-vehicle sales since the Great Recession, reports Automotive News.
South Korea’s Hyundai Motor Co said on Friday it was in early talks with Apple, after local media reported the firms were discussing an electric car and battery tie-up, sending Hyundai shares surging 25%.
Industry executives and groups representing the nation's manufacturers and union workers spoke out against the violent actions of a mob that stormed the U.S. Capitol building on Wednesday, temporarily halting the certification of President-elect Joe Biden's victory.
Pandemic lockdowns have cost millions of low-income Americans their jobs, while white-collar types who work from home are flush with cash they can’t spend on dining or travel. Instead, reports Bloomberg, many of them are buying expensive cars.
As part of its association leadership series in the January edition of Auto Remarketing, the publication connects with the American International Automobile Dealers Association for a Q&A with its 2021 chairman, Steve Gates, who will formally begin that role in February.
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