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Automotive

Two-Thirds of US Dealerships Have No EVs In Stock
May 16, 2023 Ξ

Two-Thirds of US Dealerships Have No EVs In Stock

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Finding an electric vehicle (EV) for a test drive and purchase can be a challenging task unless you have a clear idea of what you want and are prepared to  Full Article »

Audi

Ex-Audi Boss Pleads Guilty in Automaker’s Diesel Emissions Scandal
May 16, 2023 Ξ

Ex-Audi Boss Pleads Guilty in Automaker’s Diesel Emissions Scandal

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In a significant development related to Volkswagen’s diesel emissions scandal, Rupert Stadler, the former head of Audi, Volkswagen’s luxury division, pleaded guilty to charges associated with the use of illegal  Full Article »

Automotive

Tesla Owners Sue Over Reduced Range Impact From Software Update
May 15, 2023 Ξ

Tesla Owners Sue Over Reduced Range Impact From Software Update

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A group of Tesla Model S and Model X owners in the United States filed a proposed class-action lawsuit against Tesla in California. The lawsuit alleges that automatic software updates  Full Article »

Automotive

S&P Study: U.S. Consumers Now Keeping Their Vehicles For A Record 12.5 Years On Average
May 15, 2023 Ξ

S&P Study: U.S. Consumers Now Keeping Their Vehicles For A Record 12.5 Years On Average

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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 »

Automotive

General Motors Recalls Nearly 1 Million U.S. Vehicles for ARC Air Bag Inflator Defect
May 15, 2023 Ξ

General Motors Recalls Nearly 1 Million U.S. Vehicles for ARC Air Bag Inflator Defect

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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 »

Automotive

67 Million Automotive Air Bag Inflators Demanded to be Recalled by U.S. NHTSA
May 12, 2023 Ξ

67 Million Automotive Air Bag Inflators Demanded to be Recalled by U.S. NHTSA

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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 »

Automotive

California Dealers Likely to Have Lost $910 Million in 2022 Profits Due to Tesla and Other EV Makers
May 12, 2023 Ξ

California Dealers Likely to Have Lost $910 Million in 2022 Profits Due to Tesla and Other EV Makers

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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 »

Automotive

Vietnam EV Maker VinFast to Finalize $23 Billion IPO in US With SPAC
May 12, 2023 Ξ

Vietnam EV Maker VinFast to Finalize $23 Billion IPO in US With SPAC

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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 »

Automotive

Tesla Raises Prices of All Vehicles Except Model 3 in the US
May 12, 2023 Ξ

Tesla Raises Prices of All Vehicles Except Model 3 in the US

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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 »

Automotive

Insurers Suing Hyundai & Kia Over Vehicle Hot-Wiring Theft Costs
May 11, 2023 Ξ

Insurers Suing Hyundai & Kia Over Vehicle Hot-Wiring Theft Costs

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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 »

Automotive

Nissan Sees Positive Future Expecting 38% Full-Year Profit Rise from Stronger Sales Outlook
May 11, 2023 Ξ

Nissan Sees Positive Future Expecting 38% Full-Year Profit Rise from Stronger Sales Outlook

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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 »

Automotive

Toyota Expects 10% Rise in Operating Profit Amid EV Sales Increase
May 10, 2023 Ξ

Toyota Expects 10% Rise in Operating Profit Amid EV Sales Increase

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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 »

Automotive

Thefts Among Hyundai and Kia Vehicles Keep Rising Despite Security Flaw Software Fix
May 9, 2023 Ξ

Thefts Among Hyundai and Kia Vehicles Keep Rising Despite Security Flaw Software Fix

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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 »

Automotive

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales
May 9, 2023 Ξ

Rivian Q1 Revenue Estimates Better Than Expected for High-Priced EV Sales

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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 »

Automotive

Challenges Loom for Automakers Meeting Tougher Proposed US Emissions Rules
May 9, 2023 Ξ

Challenges Loom for Automakers Meeting Tougher Proposed US Emissions Rules

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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 »


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