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ARTICLE · 03 AUGUST 2020

Musk Says He's Open To Supplying Batteries To Rivals

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AutoNation Inc. said the thousands of staff it dismissed in the midst of the pandemic may not be called back because consumers are making a permanent shift to buying vehicles online.

CanadaTransport
Crowe MacKay LLP
Crowe MacKay LLP
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DEALERSHIP STAFFING CHANGES

AutoNation Inc. said the thousands of staff it dismissed in the midst of the pandemic may not be called back because consumers are making a permanent shift to buying vehicles online. It's not just online retail that lifted AutoNation's results. Interest rates are low, and more people are seeking out personal vehicles to avoid exposure to the coronavirus, says AutoNation CEO Mike Jackson. Although auto demand rebounded faster than expected from April to June, the recent resurgence in cases across the country is clouding the outlook for the rest of 2020, he said.

Source: Bloomberg

TESLA ACCUSES RIVIAN OF POACHING EMPLOYEES, STEALING TRADE SECRETS

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