Tag: automotive industry news
Polestar delays SUV release to 2024, cuts workforce by 10%
On May 11, Swedish EV maker Polestar trimmed its full-year production guidance to between 60,000 and 70,000 vehicles, claiming that its Polestar 3 SUV...
Weekly roundup: Carvana’s Q1 results, Tesla’s new lithium refinery, Group 1...
Earlier this week: Tesla CEO Elon Musk was joined by Texas Governor Greg Abbott during a ground-breaking ceremony for a brand new lithium refinery,...
The influence of over-the-air updates on connected vehicles
Welcome to another edition of The Future of Automotive, with Steve Greenfield, Founder, and CEO of Automotive Ventures, where I put recent automotive and...
Carvana beats expectations in Q1, narrows losses in bid for profitable...
Used car retailer Carvana has released its first-quarter earnings report and revealed a quarterly loss of $1.51 per share, resulting in an earnings surprise of...
Wholesale used car prices decline 5% year-over-year in April
Wholesale used car prices declined for the first time this year. According to April's latest Manheim Used Vehicle Value Index, prices decreased 3% from...
Weekly roundup: Toyota commits to EVs, aftermarket service disappoints, Fisker’s EV...
Earlier this week: EV maker Fisker announced its Ocean SUV will come equipped with swappable batteries in 2024, April U.S. auto sales improved year-over-year,...
April U.S. auto sales see solid year-over-year gains
April 2023 is a tale of two stories. One indicates that buyers are continuing to benefit from increased inventory offerings, while the other shows...
Stellantis will steer clear of Tesla-led EV price war says CEO
Tesla's recent and drastic price cuts on its electric cars in various markets have shaken the global auto industry. However, automaker Stellantis has remained...
Weekly roundup: Say good-bye to the Chevy Bolt EV, Tesla shareholders...
Earlier this week: Production will end for Chevrolet's most affordable EV, the Chevy Bolt; the International Energy Agency (IEA) released its Global EV Outlook for...
Former GM President and civic leader Lloyd Reuss dies at 86
Lloyd Reuss, former president of General Motors and devoted civic leader, passed away on April 21, 2023, at age 86. At 36 years old, Reuss...
