TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%
TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%
TSLA358.22014.53%
GM86.160-3.17%
F12.440-0.09%
RIVN13.6100.32%
CYD20.000-0.01%
HMC35.780-0.48%
TM216.190-1.92%
CVNA73.5701.49%
PAG212.3600.16%
LAD308.770-7%
AN184.000-4.12%
GPI261.350-5.15%
ABG202.650-4.38%
SAH61.710-1.09%

Headlines

Weekly roundup: Toyota commits to EVs, aftermarket service disappoints, Fisker’s EV battery swapping

- May 5, 2023
Earlier this week: EV maker Fisker announced its Ocean SUV will come equipped with swappable batteries in 2024, April U.S. auto sales improved year-over-year, customer satisfaction with aftermarket service providers...
UAW won't endorse Biden without EV promises, call Trump re-election a "disaster"

UAW won’t endorse Biden without EV promises, calls Trump re-election a ‘disaster’

- May 4, 2023
The United Auto Workers (UAW) union is refusing to endorse President Biden's reelection campaign until his administration addresses concerns arising from the electrification of the auto industry. In a letter, newly-seated...
Federal Reserve raises interest rates, not sure on inflation

Federal Reserve raises interest rates, says economy is ‘closer’ to end of hikes

- May 4, 2023
Although May 3 saw interest rates rise for the tenth time since March 2022, the Federal Reserve has seemingly adopted a new stance on inflation. The Federal Funds Rate now sits...
April U.S. auto sales Honda, Acura

Honda, Acura maintain strong sales momentum in April

- May 4, 2023
More robust new and used car inventories have contributed to American Honda's double-digit sales growth in April to reach 116,00 units.  Here are the Brand’s numbers:  Honda topped 102,000 units...
Toyota

Toyota meets with U.S. officials, is ‘fully committed’ to electrification

- May 4, 2023
Investors and environmental organizations have consistently criticized Toyota in recent years for its sluggish progress toward electrification, with American critics being the loudest. However, the new management group that took...
Stellantis makes progress in Q1, sees easing semiconductor shortage

Stellantis makes progress in Q1, sees easing semiconductor shortage

- May 3, 2023
Higher prices and stabilizing supply chains allowed Stellantis to push first-quarter revenues and shipments ahead of their 2022 numbers. The automaker reported net revenues of approximately €47.2 billion ($52 billion) for...
Ford sees sales, profits increase in Q1, but struggles with EV segment

Ford sees sales, profits increase in Q1, but struggles with EV segment

- May 3, 2023
The first quarter brought stronger sales volume, cash flow and profits for American auto manufacturer Ford, according to its earnings summary released May 2. The Blue-Oval brand saw revenues increase 20%...

Fisker Ocean reimagines fleet operations with swappable EV batteries

- May 3, 2023
A variant of the Ocean all-electric SUV compatible with battery-swapping technology will be available on the market thanks to a collaboration between California-based EV firm Fisker and Ample.  By Q1 2024,...
Rory Harvey

GM appoints Rory Harvey as new president along with several other executive changes

- May 3, 2023
Rory Harvey will assume the presidency of General Motors on June 1, succeeding Steve Carlisle, who is retiring after 41 years with the company.  Over the course of his career, Carlisle...
Lordstown Motors at risk of bankruptcy after Foxconn threats

Lordstown may face bankruptcy after Foxconn threatens to withdraw funding

- May 2, 2023
Lordstown Motors could face bankruptcy after allegedly breaching its contract with Taiwanese technology manufacturer Foxconn. According to Lordstown's filing with the Securities and Exchange Commission (SEC) on Monday, May 1, the...

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