TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%

Headlines

New vehicle demand remains on track to make 2024 the best sales year since the COVID-19 pandemic, despite a small speed bump in April.

New vehicle sales set to fall in April but maintain healthy pace

- April 25, 2024
New vehicle sales are set to decline in April after a strong first quarter but will maintain a healthy pace thanks to better affordability, more inventory, and stable demand. Cox Automotive...
The UAW is confident in its ability to score another victory at Mercedes-Benz, despite concerns that union support may be lacking.

UAW sets sights on Mercedes-Benz after Volkswagen victory

- April 24, 2024
Fueled by its success at Volkswagen, the United Auto Workers (UAW) union is turning its attention to Mercedes-Benz and other non-unionized automakers as it continues its post-strike campaign to expand...
Vietnamese automaker VinFast announced on April 23 that it has formally signed contracts with a dozen new U.S. car dealerships.

VinFast expands its network by adding 12 new U.S. car dealerships

- April 24, 2024
Vietnamese automaker VinFast announced on April 23 that it has formally signed contracts with a dozen new U.S. car dealerships. The 12 new car dealers partnered with VinFast will start doing...
Tesla reported $1.13 billion in net income for the January-through-March period as the effect of slow sales and price cuts cut into profits.

Tesla profits plummet in Q1, company accelerates new product development

- April 24, 2024
Tesla reported steep declines in first-quarter revenue and profit but rallied shareholders over promises of new products. The electric vehicle manufacturer reported revenue of $21.3 billion, down 9% from the first quarter...
Fiske released a regulatory filing notifying that it may go bankrupt within 30 days unless it secures relief from creditors

Fisker faces bankruptcy unless it secures relief from creditors

- April 24, 2024
On April 23, Fisker, an electric vehicle (EV) startup, released a regulatory filing notifying that it may go bankrupt within 30 days unless it secures relief from creditors and sufficient...

Rivian offers ‘Electric Upgrade’ discounts of up to $5k with combustion trade-ins

- April 23, 2024
Electric vehicle start-up Rivian is offering an "Electric Upgrade" promotion to new customers who trade in specific combustion models in honor of Earth Day.  Eligible customers can receive discounts ranging from...
The International Energy Agency expects electric vehicle sales to rise sharply in 2024 with growth driven primarily by China.

Electric vehicle sales set to surge in 2024 despite affordability challenges

- April 23, 2024
Electric vehicle sales are projected to rise sharply in 2024 despite persistent challenges in some markets, according to the International Energy Agency (IEA). The group forecasts that worldwide sales of battery-powered cars will...
General Motors posted strong first quarter earnings this week, offsetting declines in sales with better pricing.

General Motors profits rise in Q1, 2024 earnings forecast revised

- April 23, 2024
General Motors beat analyst estimates in its first quarter earnings report, scoring a significant profit boost despite seeing a decline in year-over-year sales. The Detroit automaker reported a net income of $3...
Stellantis has laid off 199 full time workers at its Detroit plant producing the Ram 1500 vehicles, as part of cost-cutting efforts.

Stellantis slashes 199 jobs at Detroit plant producing Ram 1500 amid market challenges

- April 23, 2024
Stellantis has laid off 199 full-time workers at its Sterling Heights Assembly Plant in Detroit, which produces the Ram 1500. This is part of the company's ongoing efforts to reduce...
Tesla is cutting the price of its FSD service as it looks to bolster demand amidst a cooldown in electric vehicle sales.

Tesla heavily discounts FSD price as Q1 earnings report looms

- April 22, 2024
Tesla has drastically lowered the lifetime price of its Full Self Driving (FSD) service ahead of the company's quarterly earnings report scheduled to be released on April 23. The electric vehicle...
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