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Rhett Ricart - 2 Biden - 1 — they’re - 1 ” - 1 It's - 1 George Glassman - 1 VinFast - 1 Le - 1
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Ricart Automotive - 2 National Automobile Dealers Association - 1 Nasdaq - 1 U.S - 1 Glassman Automotive - 1 Ford - 1 General Motors - 1 U.S . - 1

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3 mentions found


☆ A New Law Supercharged Electric Car Manufacturing, but Not Sales
  + stars: | 2023-11-08 | by ( Jim Tankersley | Ana Swanson | Jack Ewing | ) www.nytimes.com   time to read: +2 min
Still, analysts say, electric vehicle sales are projected to jump sharply under the right conditions. Administration officials must speed the deployment of charging stations meant to ease the logistics of owning and driving an electric vehicle. Mr. Biden is trying to jump-start the electric vehicle market as the global transition to cleaner fuels is accelerating more quickly than expected. The administration’s policies to boost electric vehicles aren’t just aimed at climate change. Without an American supply chain, electric vehicles can’t qualify for the full $7,500 consumer tax credit the law created.
Persons: Biden, — they’re, ”, Rhett Ricart Organizations: Ricart Automotive, National Automobile Dealers Association Locations: U.S, America, Columbus , Ohio
☆ Focus: VinFast's new sales approach has US car dealers cautious but interested
  + stars: | 2023-08-17 | by ( Ben Klayman | Thomson Reuters | Is The Detroit Bureau Chief | ) www.reuters.com   time to read: +4 min
It's just too early to tell," said George Glassman, president of Glassman Automotive Group, which sells five automotive brands outside Detroit. Since then, VinFast shares have retreated, and were down 17.2% at $24.92 at midday on Thursday. The new hybrid sales plan is just another challenge and the luxury carmaker is already talking to dealers. U.S. dealers said there are too many unanswered questions, including how VinFast will distribute parts needed to make repairs. Several dealers said VinFast may need to offer sweetened profit margins to dealers to account for the added risk.
Persons: It's, George Glassman, VinFast, Le, Thuy, Scott Fink, I'm, Tesla, Andrew DiFeo, Augustine, Warren Browne, Rhett Ricart, Dealers, it's, Ricart, Beau Boeckmann, Boeckmann, Ben Klayman, Phuong Nguyen, Matthew Lewis Organizations: Nasdaq, U.S, Reuters, Glassman Automotive, Ford, General Motors, U.S ., Fink Automotive Group, VW, Subaru, GM, Hyundai, Ricart Automotive, Toyota, Honda, Galpin Motors, Thomson Locations: U.S, North America, Detroit, VinFast, Tampa , Florida, St, Jacksonville , Florida, Columbus , Ohio, Los Angeles, VinFast's, Vietnam, Hanoi
☆ GM's truck production cut signals a turn in U.S. auto sales
  + stars: | 2023-02-24 | by ( Joseph White Ben Klayman | Joseph White | Ben Klayman | ) www.reuters.com   time to read: +4 min
The major Detroit pickup truck brands are sitting on growing inventories of unsold vehicles, according to Cox Automotive data provided to Reuters. Inventory levels are over 100 days’ supply for rival Stellantis NV's (STLAM.MI) Ram half-ton and heavy-duty pickups. Stellantis said in a statement it had no downtime planned at any of its North American plants, but constantly reviewed its inventory levels and would make production adjustments as needed. February sales growth was led by a 54% increase in sales to fleet customers, Power and LMC said. Especially for trucks," said Ohio dealer Rhett Ricart, whose Ricart Automotive Group sells Ford and GM trucks at different stores.
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