Tag: OEM news
Toyota sells its 200,000th plug-in electric vehicle, loses EV tax credits...
During the second quarter, Toyota sold its 200,000th plug-in electric vehicle, marking the phaseout of U.S. EV tax credits (up to $7,500) for its...
June U.S. auto sales show slight improvement from May, inventory constraints...
U.S. auto sales showed a bit of an improvement from May but paled in comparison to the more active market of last year. TD...
Hyundai COO José Muñoz sees strong potential in U.S. electric car...
The U.S is still behind Europe and China in the race to increase electrification. However, despite rising inflation, Hyundai Motor Company's Chief Operating Officer,...
Ford Motor Company posts quarterly sales uptick, EV sales jump 76.6%
Ford's overall U.S. market share increased to 12.9% in June as sales outperformed other automakers in the industry. Ford sales increased 31.5% over a...
Stellantis Q2 sales underwhelm with 16% drop YoY
Stellantis joins other automakers that have reported underwhelming sales and production this quarter. Vehicle sales by Stellantis are down about 16% in the second...
Stellantis calls for EV affordability, warns high prices could collapse market
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are...
Federal EV tax credit renewals are stuck in limbo
There has been much talk between members of Congress, OEMs, and other automotive retail professionals about electric vehicle tax credits. At the moment, there...
General Motors files patent for daisy chain EV charging using dual...
General Motors is surprising many key electric vehicle production industry players as they increase sales and produce interesting inventions and patents for electric batteries....
New Jersey sues Ford over hazardous waste dumping on tribal land
One of the biggest automakers in the nation, Ford Motor Company, is being sued by the state of New Jersey for allegedly disposing waste...
Major automakers pen letter to Congress requesting more chip funding
According to a letter obtained by Reuters, major automakers and industry suppliers asked Congress on Wednesday to act promptly and approve $52 billion in subsidies...
