Tag: auto industry news
VW and GM EVs to keep full tax credit under Treasury’s...
With the Treasury Department's new domestic sourcing guidelines for electric vehicle batteries now in effect, two major players in the U.S. automotive sector have...
Tesla reveals lower profits, new Cybertruck details during Q1 earnings call
During Tesla's quarterly earnings call, worries over the automaker's declining profits were confirmed as the company revealed its net income had declined 24% from...
131,700 Ram pickups to be recalled over engine-related software error
Stellantis is planning to recall roughly 131,700 Ram pickups, citing a software issue that could cause the engines to stall.
According to the automaker's case...
How solar power could help dealers make money during the EV...
On this edition of Inside Automotive we take a look at the 'why' behind an ongoing shift towards solar power and energy independence at...
Most EV models likely to earn partial or full tax credit...
With the Treasury Department's electric vehicle tax credit revisions set to apply on April 18, new research suggests their effect on automaker sales will...
Surprising shifts in new and used pricing, sales, inventory seen in...
March proved to be an eventful month for the auto industry as the pricing, inventory and sales dynamics surrounding new and used vehicles changed.
Average...
Better inventory, bigger prices: What Q1 reveals about the 2023 car...
The car market's strong first-quarter performance surprised many auto industry analysts who expected demand and production to remain suppressed well into the year. However,...
Lucid sales and manufacturing stumble in Q1, brand recognition an issue
Electric vehicle brand Lucid revealed its quarterly production and sales numbers, shedding light on the automaker's struggle to build a following.
On Thursday, the automaker...
U.S. manufacturing output improves during first-quarter but slides in March
First-quarter data on U.S. manufacturing showed increased production, despite a slight dip reported in March.
Although manufacturing accounts for just over a tenth of the...
Global Mercedes-Benz sales improve, but U.S. market remains sluggish
Mercedes-Benz has posted strong first-quarter numbers, driven by better electric and premium vehicle sales.
The automaker sold 503,500 units globally, a 3% increase from the...