CBT News

CBT News Dealers' #1 Resource for Auto Industry News, Content, Coaching & Analysis

On our platform, automotive industry professionals learn the latest automotive news, sales and management training, best practices and so much more. In addition to providing the latest automotive news and in-depth interviews with industry leaders, CBT News also hosts weekly shows featuring the nation’s top automotive trainers and consultants, covering all departments of the dealership including sa

les, fixed ops, parts, management, leasing and finance. CBT News was created to deliver daily content that dealers can count on for help in running their dealerships better. If you are looking for a community where you can learn the latest auto news and get ahead in the car business, subscribe today.

Ford’s electric truck gamble may be ending.The automaker is reportedly considering scrapping the F-150 Lightning after w...
11/07/2025

Ford’s electric truck gamble may be ending.

The automaker is reportedly considering scrapping the F-150 Lightning after weak sales and $13 billion in EV losses since 2023. Dealers sold just 1,500 Lightnings in October compared with 66,000 gas-powered F-Series pickups, as high prices and range issues turned off mainstream buyers.

The move would make the Lightning the first major U.S. electric truck casualty. Ford has paused production and is reevaluating its EV plans amid waning demand and expiring tax credits. CEO Jim Farley says Americans prefer smaller, cheaper EVs - and Ford is now fast-tracking a compact $30,000 electric pickup.

———

Thanks to our sponsor: eLEND Solutions (https://elendsolutions.com/)

Elon Musk just secured his $1 trillionTesla shareholders have approved his record-breaking compensation plan, with 75% o...
11/07/2025

Elon Musk just secured his $1 trillion

Tesla shareholders have approved his record-breaking compensation plan, with 75% of voting shares in favor. The package grants Musk up to 12 tranches of stock if Tesla meets bold milestones—starting with a $2 trillion market cap and potentially reaching $8.5 trillion, alongside targets like $400 billion in annual profit, 20 million vehicle deliveries, and one million robots and robotaxis in operation.

The approval comes despite a Delaware court ruling that invalidated Musk’s 2018 pay deal, which is still under appeal. Proxy advisors had urged shareholders to reject the new plan, but Tesla’s board backed it, crediting Musk’s leadership as key to the company’s future.

———

Thanks to our sponsor: eLEND Solutions (https://elendsolutions.com/)

Toyota recalls over 1 million vehicles for backup camera software glitchToyota is issuing its largest recall of 2025, co...
11/07/2025

Toyota recalls over 1 million vehicles for backup camera software glitch

Toyota is issuing its largest recall of 2025, covering more than 1 million vehicles across Toyota, Lexus, and Subaru brands in the U.S. due to a software glitch in backup cameras.

The recall affects models from 2022 through 2026, including popular vehicles like the RAV4, Highlander, RX, and Solterra. The issue can cause backup cameras to freeze or fail to display properly, violating federal safety rules.

Owners will need to visit dealerships for a Parking Assist ECU software update, as over-the-air fixes aren’t available. Notifications will go out in December, but Toyota is urging drivers to schedule repairs early to avoid delays.

———

Thanks to our sponsor: eLEND Solutions (https://elendsolutions.com/)

Honda is tapping the brakes on its EV plans.CEO Toshihiro Mibe said shifting U.S. policies and weaker demand have delaye...
11/07/2025

Honda is tapping the brakes on its EV plans.

CEO Toshihiro Mibe said shifting U.S. policies and weaker demand have delayed Honda’s electrification timeline by about five years. The company has paused work on a sub-$30,000 EV and an electric sports car for North America, after the expiration of federal tax credits dampened consumer interest.

Instead, Honda is focusing on hybrids, expanding its two-motor system across models like the Accord, Civic, and CR-V, and developing a new V6-based hybrid for larger SUVs. Full electrification remains the goal, but Honda is waiting for clearer policy direction—potentially eyeing a fresh EV push around 2030.

———

Thanks to our sponsor: eLEND Solutions (https://elendsolutions.com/)

Ford’s Maverick gets a serious power boost.At SEMA 2025, Ford unveiled the Maverick 300T - a performance project truck t...
11/06/2025

Ford’s Maverick gets a serious power boost.

At SEMA 2025, Ford unveiled the Maverick 300T - a performance project truck that swaps in a Mustang-sourced turbocharger, pushing output to 300 horsepower and 317 lb-ft of torque. The upgrade adds 50 hp over the stock model, with a larger intercooler cutting intake temps by nearly 40%. A ProCal 4 tune and Borla exhaust round out the package.

The Maverick 300T also gets reworked suspension, 20-inch wheels, and sharper handling, with visual options in black or bronze featuring distinct 300T badging. Ford plans to offer a customer version of the 300T kit in 2026, compatible with AWD 2025 Maverick XL, XLT, and Lariat trims.

———

Thanks to our sponsor: Bel Air Partners (https://www.belairpartners.com/)

CarMax is shaking up its leadership as performance falters.The company announced CEO Bill Nash was terminated after more...
11/06/2025

CarMax is shaking up its leadership as performance falters.

The company announced CEO Bill Nash was terminated after more than 30 years with CarMax, effective Dec. 1. Director David McCreight will step in as interim CEO, while longtime executive Tom Folliard becomes interim executive chair. The board said the move aims to “strengthen the business” during a period of weak results.

———

Thanks to our sponsor: Bel Air Partners (https://www.belairpartners.com/)

Tesla faces a defining moment.Shareholders will vote Thursday on an $878 billion pay package for Elon Musk - the largest...
11/06/2025

Tesla faces a defining moment.

Shareholders will vote Thursday on an $878 billion pay package for Elon Musk - the largest in corporate history. The plan would grant him up to 424 million shares, potentially boosting his stake from 15% to 25%, but only if Tesla hits steep performance targets, including a market cap of up to $8.5 trillion and $400 billion in annual adjusted EBITDA.

Supporters say the deal aligns Musk’s incentives with shareholder value, while critics, including Norway’s sovereign wealth fund, call it excessive. The board has warned Musk could walk away if it’s rejected. Shareholders will also weigh other major proposals, including potential investment in Musk’s AI firm xAI and governance changes that could reshape Tesla’s future.

———

Thanks to our sponsor: Bel Air Partners (https://www.belairpartners.com/)

Toyota’s global sales are up, but profits are slipping.The automaker sold 4.78 million vehicles and posted a 5.8% rise i...
11/06/2025

Toyota’s global sales are up, but profits are slipping.

The automaker sold 4.78 million vehicles and posted a 5.8% rise in revenue to 24.63 trillion yen ($168.7 billion). Yet operating income dropped 19% to 2.0 trillion yen, with regional results showing mixed performance - losses in North America and weaker profits in Japan, Europe, and Asia offset gains in smaller markets.

Looking ahead, Toyota expects to sell 9.8 million vehicles this fiscal year, forecasting higher revenue but only modest profit growth. Honda, meanwhile, saw strong October U.S. sales, with hybrids making up over half of CR-V deliveries and electrified models hitting a record 30% of brand sales.

———

Thanks to our sponsor: Bel Air Partners (https://www.belairpartners.com/)

Lucid’s struggles continue.The EV maker missed Wall Street expectations for a second straight quarter, posting $336.6 mi...
11/06/2025

Lucid’s struggles continue.

The EV maker missed Wall Street expectations for a second straight quarter, posting $336.6 million in revenue - below forecasts of $379.1 million - and an adjusted loss of $2.65 per share. Losses deepened as the company battles supply chain disruptions and rising tariffs that have slowed Gravity SUV production.

Lucid lowered its 2025 production target to about 18,000 vehicles and trimmed capital spending plans. Saudi Arabia’s Public Investment Fund expanded Lucid’s credit facility to $2 billion, giving the company $5.5 billion in total liquidity and a cash runway into 2027. Despite limited Gravity output, Lucid expects deliveries to accelerate by year-end.

———

Thanks to our sponsor: Bel Air Partners (https://www.belairpartners.com/)

11/06/2025

Rivian beats Wall Street expectations with surprise Q3 profit

Address

420 Technology Pkwy NW Suite #200
Norcross, GA
30092

Website

Alerts

Be the first to know and let us send you an email when CBT News posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to CBT News:

Shortcuts

Share

Category

CBT Automotive Network

CBT Automotive Network is the voice of the retail automotive industry, providing automotive professionals helpful information and insight to run their dealerships better. CBT Automotive Network is part of the JBF Business Media family.