Ev Startups Are Burning Through Cash Can They Entice Extra Investment?Automotive News
They hit their lowest point the following month, dropping to only underneath 830,000, Cox said. “All of the blacktop nonetheless sort of bothers me,” Steve Gates, the incoming Toyota National Dealer Advisory Council chairman, advised Automotive News this month. “This is weird, however I’m more comfy paying lots of floorplan expense and seeing cars.” Gates’ company, Gates Automotive Family, operates eleven dealerships in Kentucky, Indiana and Tennessee, including three Toyota shops. New-vehicle inventories are starting to build once more — and relatively rapidly — because of a mix of low incentives and higher interest rates which have kept hundreds of …
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