Tag: industry news

Ford CEO Jim Farley expects the cost of raw EV materials to remain high, according to remarks made during an event at Ford's Michigan...

New data released by Cox Automotive's Kelley Blue Book shows the average transaction price, or ATP, for a new vehicle in the US in July was higher than the...

Former Presidential candidate and consumer protection advocate Ralph Nader has called for federal regulators to recall Tesla's "full self-driving" (FSD) features. Nader referred to the vehicles as "manslaughtering" and...

According to a filing with the SEC, Tesla founder and CEO Elon Musk recently sold 792 million shares of the company—worth $6.9 billion. Musk made the sale to...

Inflation in the United States unexpectedly cooled in July as a rebound in the cost of gasoline and other energy products decreased. The US Bureau...

Used car eCommerce platform Shift is merging with consignment firm CarLotz, and the two companies promise to deliver a better way to buy and sell used cars. With Shift,...

Mark Russell will retire as CEO of Nikola at the end of the year, the company announced on Monday. Russell has been with Nikola since...

Vroom exceeded Wall Street expectations for its second-quarter earnings. The retailer reported a $0.83 decrease per share and a loss of $115.1 million. However, earnings...

While inflation is widely in effect across the country, dealerships have continued to mark up vehicle prices beyond the recommended MSRPs. In May this...

Automakers are ramping up their joint-ventures, especially in 2022. Automakers are partnering with domestic and foreign suppliers of EV battery components to lower the...