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Rivian to Receive $6.6B Conditional Loan from US DOE

Tomorrow's Technician

American all-electric automaker Rivian Automotive has received a conditional commitment from the U.S. Department of Energy’s Advanced Technology Vehicle Manufacturing (ATVM) loan program for a loan of up to $6.6 and certain of its subsidiaries. The post Rivian to Receive $6.6B

Finance 130
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The AI Transformation: How Conversation Intelligence is Reshaping Automotive Customer Engagement

AutoSuccess

The automotive industry is evolving rapidly, with consumer expectations shifting, competition intensifying and digital transformation changing how people shop for and service vehicles. These conversations contain a wealth of information — customer intent, service requests, sentiment, financing inquiries and competitor comparisons.

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Car buyer satisfaction reaches record highs

Auto Service World

The 2024 Car Buyer Journey (CBJ) Study by Cox Automotive said these high lelevls of satisfaction are being driven by advancements in digital tools that seamlessly integrate online and in-dealership activities. Shopping for a new car has become more satisfying, according to a new study.

Car 130
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Experian Report: Consumers Leasing EVs at a High Rate

AutoSuccess

With electric vehicles (EVs) continuing to become a viable option for prospective vehicle shoppers, one trend stands out: EV buyers opting to lease. The Tesla Model 3 (2nd), Tesla Model Y (5th) and Honda Prologue (6th) were also among the top 10 of all leased vehicles. But its not just affordability.

Finance 52
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Commentary: Scaling for the Future

Auto Service World

Identify the range of services your business will offer, such as general repairs, diagnostics, or specialty services like electric vehicle maintenance, and consider how these services might expand in the future. Invest in technology, such as automotive repair software, to streamline scheduling, invoicing, and diagnostics.

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Pros and Cons of Going Electric

RepairSmith

Pros Explained Electric cars have become a hot topic in the automotive world. By considering the pros and cons of electric cars, you can make an informed decision about whether they are right for you. Let’s dive into how electric cars can be a positive choice for both the planet and your finances.

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AAA survey shows sagging interest in EVs

Auto Remarketing

Electric vehicles appear to be losing some juice with consumers, if AAA research is taken at face value. adults report being very likely or likely to purchase a fully electric vehicle (EV) as their next car. Since we began tracking interest in fully electric vehicles, weve seen some variability, AAAs Greg Brannon said.