Tag: auto industry news
Lordstown may face bankruptcy after Foxconn threatens to withdraw funding
Lordstown Motors could face bankruptcy after allegedly breaching its contract with Taiwanese technology manufacturer Foxconn.
According to Lordstown's filing with the Securities and Exchange Commission...
Hyundai and Kia see sales growth over April, gain steam after...
Hyundai and Kia continued to see strong U.S. sales post-first-quarter, according to April sales reports released Tuesday, May 2.
Hyundai's monthly U.S. sales totaled 70,812...
Do manufacturers actually want to replace the franchise system? – Don...
Dealers are increasingly worried that the franchise system is under attack from major OEM brands, who may stand to gain more from a direct-sales...
New interest rate hike likely for May, but relief may still...
The Federal Reserve is set to deliberate another interest rate hike starting May 2 after inflation edged upward once more.
The increase would bring the...
Biofuel credits for EV makers could see delay under GOP-led resistance
The Biden Administration is considering a delay to a rule proposed by the Environmental Protection Agency (EPA), which would allow electric vehicle makers to...
March inflation increases 0.3%, in spite of interest rate hikes, bank...
Newly released economic data suggests that inflation increased in March, as predicted by market analysts.
The core personal consumption expenditures (PCE) price index captured a...
Toyota crosses reduced production target, but stays quiet on new guidance
Toyota passed its fiscal-year production target of 9.1 million vehicles in March, but spoke cautiously on the year ahead.
On April 27, The automaker revealed...
Honda teases mystery EV, reveals new 2024 Prologue SUV details
On April 26, Honda revealed additional details for its upcoming electric vehicle lineup including the 2024 Prologue and an unnamed model planned for 2025.
Honda...
VADA President Don Hall talks EVs and warranty service: ‘We can...
Don Hall, president and CEO of the Virginia Automobile Dealers Association, is one of the industry's most recognized thought leaders, often leading the charge...
Tesla shareholders publish open letter calling for directors to reign in...
On April 21, shareholders penned an open letter to Tesla's board of directors, criticizing CEO Elon Musk and urging company leaders to focus their...
