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

Tesla is lowering Model X and Model S prices and offering free Supercharging as it looks to boost demand before the end of Q2.

Tesla drops Model X, Model S EV prices weeks before end of Q2

- June 19, 2023
Tesla applied new incentives and discounts to its electric vehicle lineup on June 17, lowering the Model X and Model S prices and offering three years of free Supercharging. Dual motor and all-wheel...
A sharp rise in EV sales has made the U.S. the world's second-biggest EV market behind China.

U.S. EV sales take second place worldwide thanks to “crucial” tax credits

- June 19, 2023
A sharp rise in electric vehicle sales has made the U.S. the world's second-biggest EV market behind China. According to technology-market research firm Counterpoint, first-quarter EV sales in the U.S. showed a...
EV market\, Bill Ford

Ford Chairman says U.S. not yet ready to compete with China on EVs

- June 19, 2023
In a recent interview with CNN, Ford Chairman Bill Ford Jr acknowledged that the U.S. is not fully prepared to compete with China in producing electric vehicles. Although, the automaker...
Hyundai, NHTSA

NHTSA opens safety probe into Hyundai Ioniq 5 over power loss

- June 19, 2023
The Office of Defects Investigation at the NHTSA opened a preliminary investigation after several American Hyundai owners of the popular Ioniq 5 electric SUV complained of losing propulsive power, either completely or partially.  Hyundai said...

Two top OEM executives see strong U.S. consumer demand for new vehicles

- June 16, 2023
According to two prominent OEM executives, the demand for new vehicles from retail and commercial consumers in the U.S. is stronger than expected. Encouraging remarks from General Motors Chief Financial Officer...
Mercedes-Benz, Microsoft

Microsoft and Mercedes-Benz reveal plans to test ChatGPT in cars

- June 16, 2023
On June 15, German automaker Mercedes-Benz and Microsoft are partnering to test in-car ChatGPT artificial intelligence, which will be available to more than 900,000 vehicles in the U.S.  The luxury automaker...
Stellantis CEO Carlos Tavares

Stellantis invests $325 million into 10 sustainable mobility startups

- June 16, 2023
Stellantis Ventures, the investment arm of the automotive giant, has made significant financial commitments to fuel the growth of 10 startups and a mobility venture capital fund. These investments account...

Cavender Auto Group launches program to donate vehicles to active-duty military

- June 16, 2023
Cavender Auto Group, located near Shavano Park, Texas, is demonstrating its support for the U.S. military through a new initiative. The program involves donating a brand-new car every quarter to...
GM

Weekly roundup: GM’s new EV battery plant, direct-to-consumer sales banned in Florida, and Lithia acquisition

- June 16, 2023
Earlier this week: General Motors announced that it will follow Ford's lead and adopt Tesla's North American Charging Standard. Florida Governor and presidential hopeful Ron DeSantis signed a state bill...
To further support affordability, median income experienced a growth of 0.3% during May. Manufacturers also offered increased incentives to entice buyers.

New vehicle affordability improved in May despite higher prices and interest rates

- June 15, 2023
In May, the affordability of new vehicles experienced a slight improvement compared to previous months, according to new data from Cox Automotive. This positive trend was primarily driven by solid...
CBT News
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