Tag: automotive industry news
Honda issues recall for nearly 295,000 vehicles amid engine stalling, power...
Honda and Acura are recalling nearly 295,000 vehicles due to software issues that could cause engine stalling or power loss, as well as a...
Feds hold interest rates steady amid uncertainty around inflation, Trump’s policy...
The Federal Reserve has opted to keep its benchmark interest rate unchanged at 4.25% to 4.5% yesterday, pausing after a series of rate cuts...
Stellantis mandates office return for U.S. headquarters employees starting in March
Beginning March 3, the Detroit automaker, Stellantis, will require its U.S. workers to report in the office three to five days per week at...
Toyota holds title of world’s top-selling automaker despite global sales decline
On January 30, the Japanese automaker Toyota Motor Corporation reported it sold 10.8 million vehicles globally in 2024. This achievement secured its position as...
EV sales soar in 2024 with record growth and key trends...
As electric vehicle (EV) adoption continues to surge across the United States, Urban Science’s latest Q4 2024 Electric Vehicle Retail Sales Report sheds light...
The Domino Effect: How DOGE Could Reshape State DMVs and the...
Everyone likes the idea of efficiency, so much so that the new presidential administration plans to create a department focused entirely on this effort....
Study finds EVs now match ICE cars in lifespan
A recent study from the University of Birmingham and the London School of Economics (LSE) found that modern EVs can now last just as...
U.S. Transportation Secretary Sean Duffy moves to reconsider fuel economy standards
Newly appointed U.S. Transportation Secretary Sean Duffy has moved swiftly to reverse key fuel economy policies set under the Biden administration. Within hours of...
Tesla preps for fourth-quarter earnings amidst shareholder concerns over Elon Musk’s...
As Tesla prepares for its 2024 fourth-quarter earnings call, shareholder concerns are growing about CEO Elon Musk’s focus and commitment to the company. Shareholders...
BMW anticipates weaker fourth quarter due to inflation and weak demand
According to slides released on BMW's website Tuesday, the automaker anticipates its full-year margin to be in the lower half of its 6-7% objective...