Tag: industry news
Challenges on the horizon for automotive tech startups, says Stellantis CEO...
According to Stellantis CEO Carlos Tavares, the company's gamble on automotive startups this year has paid off, but the world of startups will be...
Treasury Secretary Janet Yellen says reducing inflation is Washington’s ‘top priority’
On Wednesday, the inflation rate in the United States rose to 9.1%, the highest since 1981. Janet Yellen, U.S Treasury Secretary, stepped in and announced...
Group 1 Automotive buys 3 more dealerships and 1 collision center...
Group 1 Automotive, one of the nation's largest automotive retailers, acquired three dealerships and a collision center located in Shreveport, Louisiana. The dealerships, including...
U.S. inflation reached 9.1% in June, consumer pressures continue to mount
According to the Dow Jones estimate, economists predicted that the U.S inflation rate would not move and stay at a rate of 8.8%. However,...
U.S. safety regulators scrap proposal allowing EV owners to choose sound...
In 2019, the NHTSA proposed that EV owners have the option to customize their EVs with alternative, self-selected sound alerts. However, these custom pedestrian...
Auto supplier Bosch expects global semiconductor bottlenecks to continue into 2023
Europe's largest auto supplier, Bosch, recently said the global bottleneck of semiconductor chips could last through 2023. The low supply of auto chips and...
ACEEE study shows GMC Hummer EV generates more CO2 than some...
According to a recent study from the American Council for an Energy-Efficient Economy, the new GMC Hummer EV might still be responsible for more greenhouse gas...
Walmart is buying 4,500 EVs from Canoo to enhance last-mile delivery
Walmart has agreed to purchase 4,500 all-electric vehicles from Canoo, starting with the lifestyle delivery vehicle (LDV). The agreement also states that Walmart has...
Lordstown Motors appoints Edward Hightower as its new CEO
Electric vehicle start-up Lordstown Motors has a new Chief Executive Officer. Former President Edward Hightower is taking over as CEO, while outgoing CEO Daniel...
Mustang Mach-E owners sue Ford over alleged battery defect
Three Mustang Mach-E owners have filed a federal lawsuit against Ford Motor Company, claiming the automaker was aware of a design flaw that causes...
