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

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 profit estimate from its initial $2.52 billion to $2.39 billion. The new forecast is lower by about 5% compared...

Republican attorneys general sue EPA over emission standards

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...

New vehicle days’ supply shrinks as affordability drives demand

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...

Faulty accelerator pedal prompts recall of Tesla’s Cybertruck

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 ',...
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