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In September 2019, Cox Automotive's Mobility Division entered into an agreement with Rivian, the company developing the first luxury all-electric truck. In the deal, Cox will invest $350 million into Rivian, with the two companies exploring partnership opportunities in service operations, logistics, and digital retailing. [27]
In a new report, research firm Cox Automotive found a surprising uptick in new car sales in November, outpacing industry estimates. It could be because buyers are itching to pull the trigger on a ...
Manheim, Inc. is an automobile auction company. As a subsidiary of Cox Automotive, a subsidiary of privately owned Cox Enterprises, Inc. based in Atlanta, Georgia, Manheim's primary business is wholesaling vehicles via a bidding process using traditional and online formats.
The U.S. and Canadian governments received a 72.5% ownership stake, a VEBA received 17.5%, and the unsecured creditors received 10%. As part of the bailout GM and Chrysler closed numerous production plants and eliminated hundreds of dealerships and thousands of jobs. They also required a number of major labor union concessions. [55]
The labor market started 2024 on a high note. The US economy created 353,000 nonfarm payroll jobs in January, ... January's job gains were also higher than December's revised figures, which showed ...
President-elect Donald Trump’s transition team is recommending sweeping changes to cut off support for electric vehicles, according to a document seen by Reuters.