Tag: industry news
Toyota refines BEV development strategy, aims to reduce battery costs by...
Toyota is making moves that the company hopes will speed its development pace for battery electric vehicles, including significant investments in properties in the...
Demand for EV production far outpaces mineral supply from US mining...
President Joe Biden’s recently passed Inflation Reduction Act is positioned to help the country reach its goal of reducing greenhouse gas output by 40%...
Analysts upgrade Tesla’s stock to ‘buy’ on the heels of revamped...
Industry analysts say now is the time to invest in Tesla, as the company is expected to reap the benefits of the Inflation Reduction...
17 other states consider adopting California’s ban on new gas vehicle...
States are facing an important decision regarding vehicle emission standards. Seventeen states with standards tied to rules established in California are poised to decide...
Ford’s new car sales fall 4% from month prior, but increase...
Ford released U.S. sales numbers for the month of August that place the company as America’s best-selling brand for two months in a row....
US adds 315,000 jobs in August, unemployment creeps up to 3.7%
The Bureau of Labor Statistics released a new report on Friday, which showed that despite a still struggling unemployment rate, the country saw some good news regarding...
Interest rate hikes drive monthly loan and lease payments to 4-year...
In an effort to curb out-of-control inflation, the Fed's recent interest rate hikes are starting to be felt by dealers and consumers alike. However,...
Honda US sales slide 38% in August, supply of vehicles remains...
American Honda reported that US sales dropped by 38% year-over-year in the month of August, as the company continued to struggle with supply shortages...
Toyota’s volume dropped 9.8% last month due to ongoing supply roadblocks
Toyota Motor Corporation released its August sales numbers on Friday, showing that the company is still struggling to reach sales expectations due to low...
Vehicle recalls affect thousands of GM, Ford, Hyundai, and Toyota models
The US National Highway and Traffic Safety Administration released recalls for the week of August 25 through the first day of September, and both...
