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New interest rate hike, Ford EV losses, consumer spending record

Inside Automotive LAcarGuy owner Mike Sullivan on the EV market: 'EVs are an easy business for us here in California' When we last met with LAcarGuy...

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Hyundai and Kia warn customers of fire risk, expand recall effort

Yesterday, Hyundai and Kia expanded recall efforts by notifying drivers of a potential fire risk affecting 571,000 vehicles. This is Hyundai's second recall targeting the...

Carvana announces new debt plan and Q1 loss estimate

On Wednesday, Carvana released an early loss estimate with its first quarter guidance, and shared a new debt plan which would significantly reduce its...

New software updates have merged Rivan’s navigation with Tesla’s Superchargers

Rivian's navigation system has been integrated into Tesla’s most recent software update as part of the automaker's attempt to utilize a special plug in...

Ford’s Tennessee plant intends to produce 500,000 EVs every year

On March 24, Ford announced its new plant, which is being built south of Memphis, Tennessee, will be able to produce 500,000 EVs yearly...

Consumers spend record-breaking amount on new vehicles in Q1

According to a joint prediction from J.D. Power and LMC Automotive, total new vehicle sales for March 2023, including retail and non-retail transactions, are...

Tesla set to lose EV tax credit on Model 3 pending new battery guidelines

Buyers of certain Tesla vehicles have reaped the benefits of the $7,500 EV tax credit since it launched January, but the company now expects...

Fed raises interest rates one more time, indicates hikes could be ending

The Federal Reserve has hiked interest rates once again, this time by 0.25%, but appears poised to discontinue the dis-inflationary tactic. After the last increase...

Ford anticipates losing $3 billion on EV sales this year

Despite Ford anticipating increased profits on its internal combustion and commercial vehicle operations, the automaker also expects its EV business to lose $3 billion...

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