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It’s Thursday and we’re talking about NADA’s Guiding Principles which were just released. We also give a round up of current EV news, as well as the likely new king of YouTube.
- NADA has released its “NADA Guiding Principles on Evolving Business Models and the Dealer Franchise System” which reads like a clear manifesto of what it is for and against
- EV News
- Tesla starts hiring for Cybertruck Production according to job listings seen by publication Electrek
- Listings include job titles for operations and engineering positions related to producing the exoskeleton body
- Worlds largest casting press was ordered to stamp out the stainless steel body as opposed to the traditional method of a steel frame with panels
- Rivian CEO RJ Scaringe said demand remains strong and a second shift is now running at it’s Normal, Ill plant after posting a $1.73B loss in Q3 up from 1.23B YoY
- The plant has an official capacity of 150k
- Initial target for this year was 50k but was cut to 25k
- Currently 113k preorders for its RT1 up from 98k last quarter
- $14.2B in cash, enough to run through 2025
- Volvo is going all in on its Flagship EV, 3 row, EX90 which will begin production in 2023 and make 60k units in 2024 according to the company
- It is the first of the “Vanguard” line which will transform the brand to all electric by 2030
- The company projects the first year’s output will be pre-sold
- YouTuber Mr. Beast is about to take the throne as the #1 YouTuber with almost 113M subs to surpass longtime king PewDiePie.
- Gaining subs at a rate of 1M every 5 days is far faster than any other youtuber
- Jimmy Donaldson originally joined the platform in 2012 at age 13 and had his first viral video counting to 100,000 which took 40 hours
- The 23 year old has a net worth estimated at $56M and was just offered $1B for his business which he turned down
Join Paul J Daly and Kyle Mountsier every morning for the Automotive State of the Union podcast as they connect the dots across car dealerships, retail trends, emerging tech like AI, and cultural shifts—bringing clarity, speed, and people-first insight to automotive leaders navigating a rapidly changing industry.
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