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On Tuesday, General Motors (GM) announced a positive change in its full-year profit forecast, largely due to its strategic plans to reduce investments in new products and implement cost-cutting measures. Full Article »
General Motors (GM) is accelerating its push towards electric vehicles (EVs) with a strategic plan that includes expanding into various segments of the market and offering more affordable options. The Full Article »
The rumor mill is abuzz with exciting speculations about an upcoming Alfa Romeo supercar, as reported by Italian publication Quattroroute. According to the report, the high-performance vehicle is expected to Full Article »
Stellantis, the French-Italian automaker (Chrysler, Dodge, Jeep, RAM, Fiat, Maserati, Alfa Romeo), and Samsung SDI, a South Korean battery maker, have revealed plans to establish a second joint-venture plant in Full Article »
Local to our Automotive Addicts hometown in Jacksonville, FL, a family is regrouping as they have potentially lost their home to a fire allegedly caused by a new Mercedes-Benz EQE Full Article »
Tesla CEO Elon Musk is considering another round of price cuts for electric vehicles in response to economic uncertainty. He believes it is reasonable to prioritize higher vehicle production over Full Article »
The future of the iconic BMW M3 and M4 models is currently at a pivotal moment, with BMW’s development team considering various powertrain options for the next generation, set to Full Article »
A relatively obscure clause buried within the U.S. Inflation Reduction Act is rapidly transforming the landscape of electric vehicle (EV) battery recycling in North America. With the clause in effect, Full Article »
U.S. Transportation Secretary Pete Buttigieg recently expressed national security concerns regarding the presence of Chinese autonomous vehicle technology within the American market. In an interview with Reuters, he emphasized that Full Article »
Magna International Inc, a prominent Canadian auto parts manufacturer, has announced a substantial investment of $790 million to construct three new facilities dedicated to vehicle and electric vehicle (EV) battery Full Article »
Bugatti enthusiasts have reason to rejoice as the highly anticipated successor to the Bugatti Chiron is nearing its debut. Former design director Achim Anscheidt confirmed that the car’s development is Full Article »
The rate of auto loan rejections has reached an unprecedented peak, hitting an all-time high in June. According to a recent Federal Reserve study, the 12-month rejection rate for auto Full Article »
During a Q2 2023 Earnings Call, Tesla disclosed that it is currently constructing release candidate Cybertruck units at its Texas Gigafactory. These units are undergoing extensive testing worldwide to achieve Full Article »
In recent news, Tesla CEO Elon Musk revealed that a “major OEM” has expressed interest in licensing Tesla’s software and hardware for vehicle autonomy. While the automaker’s name was not Full Article »
In the second quarter of the year, Tesla has experienced a 20% increase in net income, reaching $2.7 billion compared to the same period in the previous year. The rise Full Article »
