Fisker Makes First 22 Deliveries of Fisker Ocean SUV to Customers in the United States
Fisker begins deliveries of vehicles to its first US customers. The 22 initial US deliveries are of the Fisker Ocean One launch edition SUV. The Fisker Ocean One and Fisker Ocean Extreme have a 360-mile range, the longest range of any new electric SUV in its class 1. The all-electric automaker has already commenced deliveries […]
Carmax Reports First Quarter Fiscal 2024 Results
RICHMOND, Va.–(BUSINESS WIRE)–CarMax, Inc. (NYSE:KMX) today reported results for the first quarter ended May 31, 2023. Highlights: Net revenues were $7.7 billion, down 17.4% compared with the prior year first quarter. Retail used unit sales declined 9.6%, and comparable store used unit sales declined 11.4%, each from the prior year’s first quarter; wholesale units declined […]
Solar X Works Welcomes GW Global Partners as Strategic Equity Investor
Strategic investment and engagement to secure path to growth SAN FRANCISCO–(BUSINESS WIRE)–Solar X Works, LLC today announced that GW Global Partners has taken a strategic equity position in the Company. Solar X Works, LLC The company is a US-based renew-tech startup, the recipient of the Impact Award from the Cascadia Cleantech Alliance, and a provider […]
Ouster Continues Merger Integration and Reaffirms Quarterly Guidance, Positioning the Company for Long-term Success
On track to achieve annualized merger cost synergies of at least $80-85 million Reaffirms second quarter 2023 revenue guidance of $18-20 million Further cost reductions designed to align with long term financial goals SAN FRANCISCO–(BUSINESS WIRE)–$OUST—Ouster, Inc. (NYSE: OUST) (“Ouster” or “the Company”), a leading provider of high-performance lidar sensors for the automotive, industrial, robotics, […]
Sonic Automotive Announces EchoPark’s Plans to Address Current Pre-Owned Market Volatility
Focus on Key Markets Expected to Enhance Near-Term Performance While Maintaining Long-Term Strategic Plan CHARLOTTE, N.C.–(BUSINESS WIRE)–Sonic Automotive, Inc. (“Sonic’’ or the “Company”) (NYSE:SAH), a Fortune 500 Company and one of the nation’s largest automotive retailers, today announced the implementation of its plans to align the EchoPark brand with current pre-owned market conditions that are […]
EV/AV Report: Rivian gets Supercharged, lithium mining needs a boost and TELUS gets a JOLT
Toronto, Ontario — Rivian falls in line with several other OEMs in joining Tesla’s Supercharger network, mining experts voice concerns over current demand for lithium and TELUS links up with a charging developer to offer free Wi-Fi and cheap charges. This is the latest in electric and autonomous vehicles. Roping in Rivian Rivian is the […]
Grand Finale: Fix Network concludes Canadian regional conference tour
Halifax, Nova Scotia — The Fix Network team wrapped up its regional conference meeting series last week with a grand event for its maritime partners in Halifax, N.S. Atlantic franchisees gathered at Alexander Keith’s brewery last Wednesday evening for a Mix ‘n’ Mingle networking event, followed by speaker presentations and breakout sessions on Thursday. “Mark […]
Rivian Ready: OEM opens electric pickup shop to reservation holders in B.C.
Victoria, British Columbia — Rivian has expanded its R1 electric pickup shop to Canada, allowing reservation holders to purchase an R1S or R1T from the current inventory. The electric vehicle maker clarified that the shop is open to its “first cohort of Canadian customers” in British Columbia. Customers must have a preexisting reservation for consideration. […]
Access Denied: Mass. right to repair law in dispute as NHTSA, senators clash over data security
Washington, D.C. — A pair of U.S. senators are aiming their federal auto regulator, as Massachusetts’ Edward J. Markey and Elizabeth Warren recently called out the NHTSA for a letter it sent to automakers asking them to ignore the state’s right to repair legislation. The National Highway Traffic Safety Administration (NHTSA) alleged in its June […]
Poor Performance: High road test failure rate at ICBC puts strain on availability
Vancouver, British Columbia — A recent wave of British Columbians taking the ICBC road test are gumming up the works, according to a licensing official, who says that nearly half of this influx of drivers wind up failing the test, leading to service delays for others. The provincial insurance company reported Monday that it has […]
