CEO

Jim Cramer Talks EVs With Lucid CEO

The automotive world is abuzz about electric car maker Lucid Group  (LCID) – Get Lucid Group, Inc. Report, which received the Motor Trend Car of the Year award this month, the first time an automaker’s first vehicle has been given that honor. The news of the Motor Trend award pushed the stock further upward. The stock was already up more than 130% over the last six months.

Rivian  (RIVN) – Get Rivian Automotive, Inc. Class A Report, Tesla  (TSLA) – Get Tesla Inc Report and Lucid are the pure electric car company leaders in a market that also features most of the existing automobile manufacturers. Dozens of companies are now making electric cars, similar to the early days of the automobile, when more than 50 American companies made gasoline, diesel, electric and even steam-powered cars. That number fell to less than 10

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A car dealership CEO says he cut staff by 17%. Now employees are ‘happier’ and selling twice as many cars.

Toyota car dealership
  • Large car dealerships are doing fine after big layoffs in 2020, The Wall Street Journal reports.

  • One CEO said salespeople are happier and selling more after his company let go 1,500 people.

  • New and used vehicles are selling for record prices, leading to big commissions.

As the coronavirus pandemic ravaged the US economy in 2020, millions of workers across industries lost their jobs. Car salespeople were no exception.

Now, with the economy recovering and the auto market hotter than ever, some dealerships aren’t planning to hire back the employees they cut loose last year, The Wall Street Journal reports. Dealers have found that they’re doing just fine with a leaner, more efficient workforce.

Moreover, with fewer salespeople on staff, those that remain are faring better than before the pandemic, one dealer told The Journal. Car salespeople typically earn a base salary plus a commission for each vehicle they

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CEO and Chairman Adrian Hallmark Wants Bentley Motors to Be the Most Sustainable Luxury Automotive Manufacturer In the World. He’s Well on His Way.


10 min read


Bentley Motors has always epitomized luxury. That’s an undeniable fact that’s been well-established by the company’s reputation over the last century.

“People still love the comfort and the elegance and the refinement. They don’t want a sports car or a pure sports sedan,” Bentley Motors Global CEO and Chairman Adrian Hallmark tells Entrepreneur about customers and admirers of the luxury motor vehicle company in an early morning conversation. “But they do like the idea of 207 miles per hour, 626 horsepower, four-wheel drive, and the craftsmanship that nobody else can beat. When you put all that together, and you drive it every day, these people feel like they’re on another planet.”

Hallmark has a rare level of approachability about him; he is warm yet cool and precise, extremely knowledgeable in an almost intimidating way, yet confident in that there is no need to rattle

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