Tag: automotive industry trends
Musk’s political ties and SEC probe add pressure as Tesla stock...
Tesla's shares plummeted by 8%, marking the steepest decline in months, after experiencing explosive growth since the presidential election. Despite the recent pullback, the...
Stellantis and Zeta Energy team up to revolutionize EV batteries
Stellantis and Zeta Energy have announced a groundbreaking partnership to develop next-generation lithium-sulfur electric vehicle (EV) batteries. This collaboration aims to produce battery technology...
Wholesale used-vehicle prices see slight increase in November
According to Cox Automotive, wholesale used-vehicle prices rose in November compared to October. The Manheim Used Vehicle Value Index (MUVVI) rose to 205.4, a...
Volkswagen faces escalating tensions as strikes loom over cost-cutting measures
Volkswagen's ongoing dispute reached a boiling point this week as CEO Oliver Blume and Chairwoman of General and Group Works Councils of VW Daniela...
Trump’s threat of expanded tariffs forces Mazda into an impossible situation
The U.S. market accounts for a third of Mazda's global sales, driving record-breaking performance for the automaker. Yet, the anticipated shift in political policies...
Retail auto M&A rises in Q3 amid lower profit margins
Retail auto mergers and acquisitions (M&A) are picking up steam in 2024, even as dealership profitability normalizes from pandemic-era highs. According to Haig Partners,...
GM and Ford brace for impact of Trump’s 25% import tariffs
President-elect Donald Trump's proposal to impose a 25% tariff on imports from Mexico and Canada has sparked concern across the U.S. automotive industry. The...
Newsom and Trump clash over EV policy, Tesla left in the...
California Governor Gavin Newsom is preparing for a showdown with President-elect Donald Trump over the future of the $7,500 federal electric vehicle (EV) subsidy....
Nissan slashes U.S. production by 17% amid slumping sales
Things aren't looking up for Nissan as they continue to slash U.S. production by 17% for the 2024 fiscal year. The automaker aims to...
Feds back AEB mandate despite pushback from automakers
The National Highway Traffic Safety Administration (NHTSA) has upheld its decision to require automatic emergency braking (AEB) technology in all new passenger vehicles by...
