Tag: auto industry insights
U.S. Department of Labor sues Hyundai over child labor in Alabama
The U.S. Department of Labor filed a lawsuit on May 30 against Hyundai, an auto parts plant, and a labor recruiter in Alabama over...
FTC defends new rule on dealership practices amid legal challenge
The Federal Trade Commission (FTC) has defended its new regulations on dealership advertising and finance practices, asserting the rules are necessary, lawfully developed, and...
NHTSA urges immediate halt in driving older Nissan vehicles due to...
The U.S. National Highway Traffic Safety Administration (NHTSA) announced yesterday that owners of nearly 84,000 older Nissan vehicles in the United States equipped with...
VinFast faces further delay on $4 billion North Carolina factory, sources...
Vietnamese electric car maker VinFast is likely to further delay the construction of its $4 billion factory in North Carolina as the company faces...
Toyota’s new compact engines embrace carbon neutrality
Toyota is making a significant stride in engine technology with plans to develop smaller engines capable of running on carbon-neutral fuels. This move marks...
Market Rebounds: Signs of normalcy as buyers return amidst growing inventory...
Affordability has been a major concern for dealers and consumers. In today's episode of CBT Now, we'll learn how the market performed in the...
UAW secures expanded buyout offer for GM workers
The United Auto Workers (UAW) has successfully negotiated a significant expansion of a buyout program for General Motors (GM) production workers, union Vice President...
Ford slashes interest rates to 0% APR on 2024 Mustang Mach-E
Ford has dramatically reduced interest rates to 0% APR on the 2024 Mustang Mach-E, effective May 21, 2024, offering the best financing deal to...
EV sales show resilience in March registrations despite Tesla’s decline
EV sales rose by 3.8% in March, defying concerns of an "EV slowdown." Hyundai and Ford notably saw increased EV registrations, countering Tesla's 12%...
Mitsubishi plans U.S. revival with new models and retail concepts
Mitsubishi's product range in the U.S. has been limited, resulting in reduced consumer interest and a market share of only 0.6% last year. However,...
