Tag: industry news
New vehicle affordability hits all-time low in June, monthly payments spike...
New vehicle affordability hit a record low as the average monthly payment for new cars increased to $730, according to new data from Cox Automotive. Labor and...
Ford announces new F-150 Raptor R with a 700 HP V-8...
Ford Motor Company is making significant moves to win a larger share of the EV market. However, the automaker has not lost sight of...
Hyundai plans to electrify its high-performance N brand with two ‘rolling...
Hyundai, on the other hand, is doubling down on EVs and unveiled two N brand performance EV concepts ahead of the Ioniq 5 launch...
Tesla’s bitcoin holdings expected to shrink by $460 M
In other Tesla news, according to banking institution Barclays, Tesla's bitcoin holdings may have significantly reduced the electric car manufacturer's expected earnings. Bitcoin prices have fallen recently...
Ford finalizes joint venture with SK Innovation to develop electric car...
Ford and SK Innovation announced back in May of last year that they would be launching a joint venture program called BlueOvalSK. Working together, these two companies...
The 2023 Toyota Crown is coming to the U.S. and 40...
The 2023 Toyota Crown, one of the automaker's most popular vehicles offered only in Japan, is expanding globally for the first time. Toyota's 16th generation Crown vehicle will...
GM partners with EVgo and Pilot to increase EV charging stations...
General Motors has partnered with Pilot, an American petroleum corporation, and BEV charging company EVgo to produce a large network of fast EV charging stations along the highway system throughout the United...
Anonymous whistleblower accuses GM-backed Cruise of chaotic safety culture
A letter addressed to California Safety Regulators arrived recently from an alleged Cruise employee turned whistleblower. The letter states the EV robo-taxi company is hiding safety information about...
U.S. electric vehicle sales jumped 13% in Q2, according to Cox...
Electric vehicle sales increased 13% in the second quarter of 2022 and reached a record-high share of the market in Q2 of 5.6%, according...
Hyundai unveils the Ioniq 6, the automaker’s first electric sedan
On Thursday, Hyundai announced its first EV sedan, the Ioniq 6. The South Korean carmaker hopes this strategy will help the company to increase...
