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

EVs are progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the usage.

Suburban areas expected to house majority of EVs by 2030, report says

- April 22, 2024
The electrification of vehicles is progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the use of electric cars in the United...
Volkswagen workers voted overwhelmingly in favor of unionizing, giving the UAW a sizable boost in legitimacy after months of campaigning.

UAW scores crucial victory as VW workers vote yes to unionization

- April 22, 2024
Workers at Volkswagen's Tennessee plant voted overwhelmingly in favor of joining the United Auto Workers (UAW) union last week, following months of campaigning at the facility. Roughly 4,000 employees work at the Chattanooga factory, which...
GM and Ford have reduced expenses and delayed investments to pursue profit growth while focusing on their primary gasoline-powered cars.

GM and Ford prioritize gasoline cars in Q1 amidst EV challenges

- April 22, 2024
The market eagerly anticipates the first-quarter results of two leading U.S. automakers, General Motors (GM) and Ford. Despite facing challenges such as a slowdown in electric vehicle demand, increased competition...
Nissan has lowered its profit forecast due to a variety of factors ranging from shipping delays to increased competition in the U.S.

Nissan cuts profit forecast but still expects to beat prior year by wide margin

- April 19, 2024
Nissan has lowered its profit forecast for the fiscal year ended in March due to missed global sales targets. The Japanese automaker revealed the adjustment on Thursday, cutting its 2023 net...
On April 18, Republican attorneys general from 25 states filed a lawsuit against the U.S. Environmental Protection Agency (EPA).

Republican attorneys general sue EPA over emission standards

- April 19, 2024
On April 18, Republican attorneys general from 25 states filed a lawsuit against the U.S. Environmental Protection Agency (EPA). They claimed the agency had overstepped its legal jurisdiction to hinder...
April's new vehicle inventory levels remain well ahead of last year but are held back by strong demand.

New vehicle days’ supply shrinks as affordability drives demand

- April 19, 2024
New vehicle inventory was stable month-over-month in early April due to a sizeable increase in demand but remained far ahead of prior-year levels thanks to the recovery of OEM production. Cox...
Tesla's Cybertruck recall for faulty accelerator pedal. 

Faulty accelerator pedal prompts recall of Tesla’s Cybertruck

- April 19, 2024
On Friday, April 19, the National Highway Traffic Safety Administration (NHTSA) issued a recall for Tesla's Cybertruck, Elon Musk's acclaimed 'best product ever ', due to a faulty accelerator pedal.  According...
In this week's top automotive stories, Tesla plans to lay off 10% of its workforce and Mexico refuses to give Chinese car makers incentives.

Automotive weekly roundup: Tesla layoffs, governors protest unions, Mexico refuses incentives

- April 19, 2024
Earlier this week: A leaked internal memo reveals that Tesla will lay off 10% of its global workforce after quarterly sales declined. New car inventory levels continue surging as the...
Mexico will not provide government subsidies to Chinese automakers due to pressures from U.S. officials, one report claims.

Mexico denies BYD, other Chinese car makers, access to incentives

- April 18, 2024
Mexico has reportedly denied Chinese automakers access to government incentives due to pressures from U.S. officials. According to a Reuters report, Mexican officials met with BYD, a major Chinese automaker, in...
Stellantis recently prevented factory closures by paying a supplier $100,000. The supplier being MacLean-Fogg Component Solutions LLC.

Stellantis pays $100,000 to supplier to prevent factory closures in Indiana

- April 18, 2024
Stellantis recently prevented factory closures by paying a supplier $100,000. The supplier, MacLean-Fogg Component Solutions LLC, had threatened to cease shipping pinions and gears to two of Stellantis' plants in...
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