Porsche and Audi recall nearly 7,000 EVs due to safety concerns
Two of Volkswagen's premium brands, Porsche and Audi, are issuing recalls for versions of their 2023 EVs, including the Taycan and e-tron GT. Due to a lack of battery sealant,...
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
TSLA404.110-5.88%
GM72.630-0.47%
F13.0600.03%
RIVN12.900-0.45%
CYD50.420-0.02%
HMC25.3200.11%
TM185.470-1.9%
CVNA63.415-2.605%
PAG156.460-3.29%
LAD257.090-7.8%
AN178.590-3.35%
GPI305.470-11.71%
ABG177.5001.22%
SAH72.870-1.19%
Headlines
What a strike would mean for vehicle availability and affordability
Detroit's major automakers are running out of time to prevent a strike as the deadline for the United Auto Workers (UAW) contentious contract negotiations approaches.Â
According to analysts, if a strike is...
Software-defined vehicles could generate over $650 billion for the auto industry
The automotive industry is undergoing an upheaval as two previously distinctive industries- automotive and technology- converge quickly. By 2030, Software-Defined Vehicles (SDV) are expected to contribute 15 to 20% of...
New car supply rises in August but faces United Auto Workers disruption
New car supply rose in August to its highest point since April 2021, but an increasingly probable strike by the United Auto Workers union threatens to undo this progress in...
Auto loans more available in August, but credit access still restricted
Auto loans were easier to obtain in August, according to the latest credit availability data from Cox Automotive.
Overall loan access improved from July by 1.8%, pushing credit availability scores to...
Asbury Automotive and Jim Koons Automotive sign massive acquisition deal
Asbury Automotive Group has agreed to purchase Jim Koons Automotive Companies, marking the first dealership group merger of this size since 2021.
According to a press release, the transaction will integrate...
UAW swiftly rejects GM’s offer of 16% wage increase ahead of strike deadline
The United Auto Workers union received a counteroffer from General Motors, which included a proposed 16% wage increase for the top earners in its facilities and a 56% pay increase...
Slow economic growth and high interest rates dampen U.S. Q3 auto dealer sentiment
In the third quarter, Q3, of 2023, the Cox Automotive Dealer Confidence Index (CADSI) revealed that dealer confidence in the U.S. remained largely stable despite high interest rates and economic...
Weekly roundup: GM raises UAW concerns, Biden pledges $12B for EV production, Tesla announces more price cuts
Earlier this week: General Motors' manufacturing lead, Gerald Johnson, voiced his concerns regarding contract discussions with the United Auto Workers (UAW) in a video statement alongside GM's President, Mark Reuss....
Dealers to get pre-approvals, instant transfers for electric vehicle tax credits
The U.S. Treasury Department has announced upcoming revisions to its electric vehicle tax credit guidelines that will add new ways for dealers to collect payments from car buyers.
The news was...
