According to a recent study by S&P Global Mobility, American consumers are keeping their internal combustion-engine (ICE) vehicles longer, resulting in a record average age of 12.5 years for U.S. Full Article »
General Motors (GM) has announced a recall of nearly 1 million sport utility vehicles (SUVs) in the United States due to a potential airbag defect. The recall comes after concerns Full Article »
The National Highway Traffic Safety Administration (NHTSA) has demanded the recall of 67 million air bag inflators, citing safety concerns. However, the auto supplier, ARC Automotive Inc, has rejected the Full Article »
The declining market share of franchised dealers in states like Washington and Colorado, which allow direct sales and follow California’s climate standards, is cutting into their potential profits. Tesla’s sales Full Article »
VinFast, an electric vehicle (EV) maker founded by Vietnam’s richest person, is set to go public through a merger with Black Spade Acquisition Co., a blank-check company. This would be Full Article »
Tesla has raised the prices of its Model S, X, and Y electric vehicles in the United States by low single-digit percentages, marking the second time the company has hiked Full Article »
The theft of older models of Hyundai and Kia that lack critical anti-theft devices could result in losses of up to $600 million for the U.S. insurance industry. Liberty Mutual, Full Article »
Nissan Motor Co. has reported a better-than-expected 38% rise in profit for this year on the back of stronger sales, signaling a brighter future for the Japanese automaker. The company Full Article »
Toyota Motor Corp recently announced that it expects operating profit to increase by 10% this year, with a significant five-fold increase in pure electric vehicle (EV) sales. The company’s CEO, Full Article »
Hyundai and Kia’s updated software designed to prevent the theft of their vehicles, which was unveiled three months ago, has failed to solve the problem. Despite efforts by the company Full Article »
Rivian Automotive Inc (RIVN.O) exceeded analysts’ expectations for quarterly revenue by selling more high-end electric vehicles in Q1, while maintaining its production forecast of 50,000 cars for the year. The Full Article »
Automakers are expressing concerns about proposed U.S. emissions regulations, stating that they will encounter difficulties with manufacturing and supply chains if aggressive targets for reductions in vehicle emissions are enforced. Full Article »
Today, General Motors Co (GM.N) announced the appointment of former Apple Inc (AAPL.O) executive Mike Abbott to head a division that will integrate three software functions within the company. Starting Full Article »
Fisker Inc has revised down its 2023 production target due to supply chain challenges in the electric vehicle (EV) industry. The setback is part of a broader trend of U.S. Full Article »
Lucid Motors, Lucid Group Inc (LCID.O), reported disappointing first-quarter revenue, falling short of Wall Street estimates due to a pricing war that was sparked by Tesla Inc (TSLA.O) and resulted Full Article »
