Tag: OEMS
Newly elected UAW President promises change
The United Auto Works union (UAW) has voted for a new President in the organization's first direct election.
The election arrives some years after the...
Hyundai and Kia warn customers of fire risk, expand recall effort
Yesterday, Hyundai and Kia expanded recall efforts by notifying drivers of a potential fire risk affecting 571,000 vehicles.
This is Hyundai's second recall targeting the...
Tesla set to lose EV tax credit on Model 3 pending...
Buyers of certain Tesla vehicles have reaped the benefits of the $7,500 EV tax credit since it launched January, but the company now expects...
VW’s Scout Motors receives $1.3 billion in incentives from South Carolina
On Monday, Volkswagen subsidiary Scout Motors received an incentive package totaling $1.3 billion from the South Carolina Department of Commerce.
The funds were awarded to...
Falling metal values in early 2023 could bring EV prices down
Against analyst predictions, metal values have steadily declined in early 2023, possibly setting the scene for more affordable electric vehicles.
According to data from Benchmark...
Biden faces criticism at home for EV focused free trade agreements
The Biden Administration's efforts to arrange free trade agreements with allied nations have come under fire from U.S. lawmakers on both sides of the...
New Toyota chief refuses to abandon hydrogen, will improve supply chain
Incoming Toyota CEO Koji Sato says he will continue to prioritize hydrogen as an alternative fuel source, even as the automaker ramps up electric...
It’s getting easier to buy cars, here’s why — Dave Thomas...
According to ease of purchase research conducted by CDK Global, 85% of last month's car buyers felt the process was easy, the highest score...
Experian data indicates strong EV performance in early 2023
Credit reporting agency Experian recently published consumer data in the electric vehicle market, revealing hidden strengths in the small but thriving segment.
According to Experian's...
BMW reveals higher EBIT margin, betting on premium and electric
After revealing it had beat 2022 forecasts last Thursday, BMW has announced it is targeting a higher EBIT margin (earnings before interest and taxes)...
