Tag: Automakers
Auto loan delinquencies rise as pandemic-era government assistance ends
With inflation and higher prices still a factor across the country, a growing number of Americans are struggling to make their monthly auto loan...
Nikola and ChargePoint partner to boost EV charging infrastructure for fleets
Nikola Corp. announced on Tuesday that it will partner with ChargePoint Holdings, an EV charging company, to help speed up the deployment of the...
Vroom reports $51.1 million net loss in Q3, missing revenue estimates
Vroom Inc. released its third-quarter financial results on Monday, reporting a smaller net loss and record profits per used vehicle sold, though both revenue...
Tesla recalls over 40,000 vehicles due to power steering software defect
Tesla is recalling over 40,000 Model S and Model X vehicles from 2017-2021 because vehicles may experience a loss of power steering assist when...
October auto sales bring positive results for many
For automakers, October 2022 was a mixed bag of successes and some losses. However, there's a lot to be optimistic about for the automotive...
Elon Musk faces trial over his $56 billion Tesla salary
Tesla CEO Elon Musk is headed to court again, this time to defend his $56 billion payment package against claims that it unjustly compensates...
Lidar firms Ouster, Velodyne agree to all-stock merger
To increase competitiveness in a struggling market segment, Lidar makers Ouster and Velodyne have agreed to a merger that will combine roughly $400 million...
Ford calls on Treasury to loosen terms for new federal EV...
Ford Motor Company is asking the US government to limit what it calls a "foreign entity of concern" so that more vehicles can qualify...
Japan, S. Korea request flexibility with changes to US electric vehicle...
Japan is joining South Korea and the European Union in pressing the US government to loosen new federal tax credits for electric vehicles found...
October jobs report stronger than expected, employers added 261,000 jobs
The US Labor Department reported job growth in October was better than expected on Friday, despite efforts by the Federal Reserve to slow the...