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Honda Motors slashes annual forecast amid weak China sales

Honda slashes annual forecast amid weak China sales

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Despite the setback, Honda Motors has shown resilience by adjusting its annual forecasts after its first-half earnings dropped, primarily due to weak performance in...
The latest JD Power survey has once again underscored the ongoing dissatisfaction with OEM infotainment systems.

CarPlay remains the top infotainment choice

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The latest JD Power survey has once again underscored the ongoing dissatisfaction with OEM infotainment systems, with Apple CarPlay emerging as the preferred choice among consumers....
GM 2023 guidance

GM to stop making Chevy Bolt after increasing 2023 guidance

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Coming off one of its most successful quarters, General Motors has revised its 2023 guidance to account for greater earnings and revenue than it...
spending

Tesla expects bigger spending bill in 2024, hopes to increase production

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Tesla expects to increase its expenditure next year, allocating more funds for its efforts to improve the production capabilities of its factories. For 2023, the...

Tesla to spend $3.6 billion to ready Nevada gigafactory for electric...

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Tesla has confirmed $3.6 billion in investments to prepare its Nevada "Gigafactory" site for additional battery manufacturing workloads, and production of its new electric...

How relations between OEMs and dealers are changing in 2023

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The relationship between dealers and OEMs is one of the industry's most discussed topics. While spats between manufacturing and retail are nothing new, the...
Ford

Ford plans to increase price of Mustang Mach-E

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Ford Motor Company announced it will increase the starting price on the Mustang Mach-E electric crossover. The increase will range from roughly $3,000 and...
Merecedes-Benz

Mercedes-Benz U.S. plants could switch to EV production by 2025

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Mercedes-Benz is prepped to lead the way for U.S. electric vehicle production. According to a statement made to Automotive News on Thursday by the...
shortage

More units are cut from OEM factory lines due to supply...

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According to AutoForecast Solutions, the number of reported vehicles cut from this year’s production forecast due to the microchip shortage may be underreported. So...
Automotive Standards Council

What can the auto industry do about incoming OEM digital retailing...

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On the latest episode of Auto Marketing Now, host Brian Pasch tackles the latest updates in OEM digital retailing programs and the mandates that...