Tag: industry news
Polestar reveals concept for the Polestar 6 with plans to launch...
Polestar announced Tuesday that its popular roadster concept, the Polestar 6, will officially go into production, but customers will have to wait until 2026 to see...
Dodge announces beginning of the end for gas-powered Challenger and Charger...
Auto enthusiasts are facing the end of an era. Dodge announced that it is ending production of its Challenger and Charger vehicles in their current form starting...
Used car supply and certified pre-owned sales remain stable in July
According to Cox Automotive data, used vehicle inventory held steady from June to July, while sales and prices saw an increase toward the end of the month. The...
JP Morgan downgrades Vroom stock, encourages shareholders to sell
JP Morgan analysts have revealed that there's no easy fix to save online used car retailer Vroom and suggests investors sell their shares. Vroom shares are...
Tesla has built over 3 million EVs, plans to boost output...
Tesla founder and CEO Elon Musk tweeted over the weekend that Tesla production has surpassed the three million vehicle mark. In the tweet, Musk congratulated Tesla's Giga...
Audi, Kia, Porsche EVs will lose US tax credit eligibility under...
Automakers including Audi of America, Kia, and Porsche said that buyers of their electric vehicles would lose access to federal tax credits worth up to $7,500 once President...
Rivian Automotive’s Q2 revenue exceeds expectations, delivers 4,467 vehicles
In a letter to shareholders, electric vehicle maker Rivian Automotive reported that revenue in the second quarter outperformed Wall Street expectations but went on to say...
New vehicle inventory improves in July, but remains lower than pre-pandemic...
According to newly released insights from Cox Automotive's analysis of vAuto available inventory data, new-vehicle inventory numbers are improving slightly. New-vehicle inventory was slightly higher at the...
EV maker Fisker considers US manufacturing options beginning in 2024
California electric vehicle startup Fisker said last Friday that it was considering options to manufacture vehicles in the United States starting in 2024. The news means that...
Federal appeals court dismisses GM racketeering suit against FCA
A Federal Appeals court affirmed the dismissal of General Motors' case against rival Fiat Chrysler Automobiles, now owned and operated by Stellantis. A three-judge panel on the US Sixth...
