Automotive Development Group, Inc.

04/28/2022

Despite inventory constraints and inflation due to ongoing supply chain issues, Sonic Automotive continues to see solid consumer demand for vehicle sales and parts and services.

Higher gross profit per new vehicle and a quarterly record total F&I gross profit per retail vehicle helped Sonic Automotive's net income soar 80 percent in the first quarter.

04/22/2022

Lithia Motors has purchased 6 stores in 2022, and have additional deals under contract worth $1.9 Billion in annual revenue. Lithia Motors CEO Bryan DeBoer gives a brief preview of what's to come from one of the most active players in the buy-sell market.

https://www.autonews.com/dealers/lithia-motors-quick-start-2022-dealership-acquisitions

Lithia Motors CEO Bryan DeBoer gave a brief preview of what's to come from one of the most active players in the bustling buy-sell market.

04/19/2022

Asbury Automotive Group reported sales of $2.19 billion in the same quarter last year, which would suggest a positive year-over-year growth rate of 75.3%.

https://www.defenseworld.net/2022/04/18/3-84-billion-in-sales-expected-for-asbury-automotive-group-inc-nyseabg-this-quarter.html

Equities analysts expect Asbury Automotive Group, Inc. (NYSE:ABG – Get Rating) to report sales of $3.84 billion for the current quarter, Zacks reports. Five analysts have issued estimates for Asbury Automotive Group’s earnings, with the highest sales estimate coming in at $4.14 billion and the l...

04/12/2022

Honda plans to spend $64 billion on research and development over the next decade, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030. Its goals include producing some 2 million electric vehicles a year by 2030, aiming to gain share in the fast-growing market for electric vehicles, led by Tesla Inc

https://www.reuters.com/business/autos-transportation/honda-says-spend-64-billion-rd-it-revs-up-electric-ambitions-2022-04-12/

Japan's Honda Motor Co Ltd plans to spend $64 billion on research and development over the next decade, the company said on Tuesday, laying out an ambitious target to roll out 30 electric vehicle models globally by 2030.

04/09/2022

"All-solid-state batteries are expected to be a technology for accelerating the popularity of electric vehicles. They have an energy density approximately twice that of conventional lithium-ion batteries, significantly *shorter charging time due to superior charge/discharge performance, and *lower cost thanks to the opportunity of using less expensive materials."

https://www.automotivepurchasingandsupplychain.com/news/22187/15/Nissan-unveils-prototype-production-facility-for-all-solid-state-batteries

Nissan today unveiled its prototype production facility for laminated all-solid-state battery cells, which the company aims to bring to market in 2028.

04/08/2022

Elon Musk Opens Tesla's "Giga " plant in . A $1.1 billion facility that will vastly expand electric vehicle production and serve as a launching pad for future products like the highly anticipated Cybertruck pickup. The company's global annual production is expected to rise from about 1 million vehicles last year to about 2 million in 2023, according to analysts.

The new Austin factory is to build 500,000 Model Ys a year, with the Tesla Cybertruck, Roadster and Semi coming in 2023.

04/04/2022

Unprecedented 383 transactions completed in 2021, representing 830 franchises, nearly three times the pre-pandemic average, according to The Blue Sky Report® by Kerrigan Advisors, which predicts blue sky values will continue to hit new records in 2022 as earnings skyrocket in the first quarter.

INCLINE VILLAGE, Nev., April 04, 2022--The auto dealership buy/sell market set new records again in 2021 as the continuing, and transformative, impact of the pandemic drove change across the auto dealership business model, according to the just-released Blue Sky Report by Kerrigan Advisors. Unpreced...

03/28/2022

U.S. demand for the ID.Buzz is "through the roof," The upshot is that "there could be an opportunity" to build the vehicle in North America.

Volkswagen AG plans to invest at least $7.1 billion over the next five years in North America and add 25 new electric vehicles there by 2030, including a recreation of VW's classic Microbus, a top executive said on Monday.

03/26/2022

"The wafer is almost defect-free, which means that little to no chips are discarded due to poor performance. The lab results show that more than 99% of the chips produced using this technique are usable. Although the new method was only tested in the lab, the NTU researchers believe that it can be easily scaled for mass production by chipmakers like Samsung, Intel, or GlobalFoundries.

The whole automotive industry is affected by the chip shortage that hit the world after 2020. Despite efforts, the precious pieces of silicon are still hard to find, and the plans to expand existing factories will not change the situation in the next two years at least. But there is another thing th...

03/21/2022

Automotive Development Group, Inc., a fixed operations equipment solution. We work with you to select the right equipment, maximizing flow and productivity and we do it within your budget! Visit us at https://autodevgroup.com/

03/17/2022

The $5 billion investment — billed as the largest in Georgia’s history — will employ 7,500 and deliver 400,000 vehicles annually. Construction will begin this summer.- https://lnkd.in/dvvqmpBk

Rivian's "carbon-conscious campus" will include an event space, delivery center, restaurant, hotel and 144 charging stations.The factory will build a new

03/15/2022

Mercedes has budgeted $43.8 billion this decade for electrifying its lineup to defend its position in the premium-car market. The company said it’s invested $1 billion in between the battery plant, logistic centers and the production lines it’s upgraded to make EVs.

https://www.bloomberg.com/news/articles/2022-03-15/mercedes-accelerates-rollout-of-electric-suvs-with-alabama-plant

Mercedes-Benz Group AG opened a battery factory in Alabama months before the luxury-car maker starts assembling electric SUVs nearby in an effort to challenge Tesla Inc. in the U.S. EV market.