Tesla launches new affordable Cybertruck model amid sluggish sales

Jasmine Kiniklis - April 14, 2025

Tesla has introduced a new, more affordable Cybertruck model in order to broaden accessibility to more consumers amid the model's sales. The latest model, the Cybertuck Long Range, starts at...

Headlines EVs & Technology

Audi and Porsche are recalling more than 62,000 vehicles in the U.S. due to separate software-related issues that pose safety risks.

Volkswagen recalls over 62,000 vehicles due to software issues

Jaelyn Campbell - April 14, 2025

Volkswagen Group’s Audi and Porsche brands are recalling more than 62,000 vehicles in the U.S. due to separate software-related issues that pose safety risks, according to the National Highway Traffic...

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U.S. electric vehicle (EV) sales rose 11.4% in Q1 2025 as new models boost growth, though market leaders face pressure and policy shifts raise uncertainty.

U.S. electric vehicle sales surge despite Tesla’s decline

Jasmine Kiniklis - April 14, 2025

The U.S. electric vehicle (EV) market saw significant gains in Q1 2025, growing by 11.4% year-over-year, according to the latest data from Kelley Blue Book. Nearly 300,000 electric vehicles were...

Articles EVs & Technology

Stellantis reports 1.2M global shipments in Q1 2025

CBT News Editorial Team - April 11, 2025

Stellantis has released its preliminary global shipment figures for the first quarter of 2025, estimating 1.2 million vehicles delivered worldwide—a 9% year-over-year decline. The dip primarily reflects production disruptions in...

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BMW is considering adding shifts at its Spartanburg, South Carolina plant to increase annual production by as much as 80,000 units.

BMW eyes Spartanburg expansion to offset tariffs, boost U.S. output by 80,000 units

Jaelyn Campbell - April 11, 2025

BMW is considering adding shifts at its Spartanburg, South Carolina plant to increase annual production by as much as 80,000 units, executives said during an analyst call Thursday. This move is...

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A new study from the Center for Automotive Research estimates that President Trump’s 25% auto tariffs will increase costs for U.S. automakers

Study finds Trump’s auto tariffs to cost automakers $108B

Jaelyn Campbell - April 11, 2025

A new study from the Center for Automotive Research estimates that President Donald Trump’s 25% auto tariffs, enacted April 3, will increase costs for U.S. automakers by approximately $108 billion...

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General Motors announces temporary layoffs due to EV demand decline

Jasmine Kiniklis - April 11, 2025

General Motors (GM) announced on Thursday that it's temporarily laying off roughly 200 workers at its flagship electric vehicle plant, Factory Zero Detroit-Hamtramck Assembly Center. Despite nearly doubling its year-over-year...

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Tesla tumbles 7% as tariff fears resurface and analysts cut price targets

CBT News Editorial Team - April 11, 2025

Tesla shares fell 7.3% on Thursday to close at $252.40, reversing a major rally from the previous day and adding to mounting investor concerns over new trade tariffs, margin pressures,...

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U.S. auto credit access reaches highest level since December 2022

Jasmine Kiniklis - April 11, 2025

According to the latest data from Cox Automotive's Dealertrack Credit Availability Index, auto credit access hit the highest level since December 2022 in March. The All Loans Index reached 96.3,...

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Herb Chambers settles $11.8M PPP loan fraud allegations

Jasmine Kiniklis - April 10, 2025

Herb Chambers, one of the most prominent auto dealers in the United States, along with several affiliated companies and a corporate officer, has agreed to pay $11.8 million to resolve...

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Headlines

Tesla launches new affordable Cybertruck model amid sluggish sales

Volkswagen recalls over 62,000 vehicles due to software issues

U.S. electric vehicle sales surge despite Tesla’s decline

Stellantis reports 1.2M global shipments in Q1 2025

BMW eyes Spartanburg expansion to offset tariffs, boost U.S. output by 80,000 units

Study finds Trump’s auto tariffs to cost automakers $108B

General Motors announces temporary layoffs due to EV demand decline

Tesla tumbles 7% as tariff fears resurface and analysts cut price targets

U.S. auto credit access reaches highest level since December 2022

Herb Chambers settles $11.8M PPP loan fraud allegations

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