TSLA375.30011.03%
GM83.9501.75%
F13.180-0.03%
RIVN15.3600.37%
CYD35.040-0.36%
HMC32.5300.33%
TM192.5000.97%
CVNA67.2002.09%
PAG212.160-0.45%
LAD316.150-0.12%
AN168.7600.47%
GPI250.8704.45%
ABG184.5501.49%
SAH65.9202.26%
TSLA375.30011.03%
GM83.9501.75%
F13.180-0.03%
RIVN15.3600.37%
CYD35.040-0.36%
HMC32.5300.33%
TM192.5000.97%
CVNA67.2002.09%
PAG212.160-0.45%
LAD316.150-0.12%
AN168.7600.47%
GPI250.8704.45%
ABG184.5501.49%
SAH65.9202.26%
TSLA375.30011.03%
GM83.9501.75%
F13.180-0.03%
RIVN15.3600.37%
CYD35.040-0.36%
HMC32.5300.33%
TM192.5000.97%
CVNA67.2002.09%
PAG212.160-0.45%
LAD316.150-0.12%
AN168.7600.47%
GPI250.8704.45%
ABG184.5501.49%
SAH65.9202.26%

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EVs are progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the usage.

Suburban areas expected to house majority of EVs by 2030, report says

- April 22, 2024
The electrification of vehicles is progressing at varying rates depending on their (rural, urban, suburban) location, resulting in a noticeable difference in the use of electric cars in the United...
GM and Ford have reduced expenses and delayed investments to pursue profit growth while focusing on their primary gasoline-powered cars.

GM and Ford prioritize gasoline cars in Q1 amidst EV challenges

- April 22, 2024
The market eagerly anticipates the first-quarter results of two leading U.S. automakers, General Motors (GM) and Ford. Despite facing challenges such as a slowdown in electric vehicle demand, increased competition...
Nissan has lowered its profit forecast due to a variety of factors ranging from shipping delays to increased competition in the U.S.

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

- April 19, 2024
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...
On April 18, Republican attorneys general from 25 states filed a lawsuit against the U.S. Environmental Protection Agency (EPA).

Republican attorneys general sue EPA over emission standards

- April 19, 2024
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 overstepped its legal jurisdiction to hinder...
Tesla's Cybertruck recall for faulty accelerator pedal. 

Faulty accelerator pedal prompts recall of Tesla’s Cybertruck

- April 19, 2024
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 ', due to a faulty accelerator pedal.  According...
In this week's top automotive stories, Tesla plans to lay off 10% of its workforce and Mexico refuses to give Chinese car makers incentives.

Automotive weekly roundup: Tesla layoffs, governors protest unions, Mexico refuses incentives

- April 19, 2024
Earlier this week: A leaked internal memo reveals that Tesla will lay off 10% of its global workforce after quarterly sales declined. New car inventory levels continue surging as the...
I’m Steve Greenfield from Automotive Ventures, and I’m glad that you could join us.It’s been a tough quarter for many of the legacy automakers. highways emissions

Five key factors driving the sharp increase in auto insurance costs

- April 19, 2024
Welcome back to the latest episode of The Future of Automotive on CBT News, where we put recent automotive and mobility news into the context of the broader themes impacting...
Mexico will not provide government subsidies to Chinese automakers due to pressures from U.S. officials, one report claims.

Mexico denies BYD, other Chinese car makers, access to incentives

- April 18, 2024
Mexico has reportedly denied Chinese automakers access to government incentives due to pressures from U.S. officials. According to a Reuters report, Mexican officials met with BYD, a major Chinese automaker, in...
Rivian is planning to reduce employment by a further 1% by the end of the year in an effort to increase profitability. 

Rivian announces second round of layoffs to boost profitability

- April 18, 2024
Rivian, the EV startup, is taking drastic measures to boost its profitability. The company is implementing a second round of layoffs this year, which, although it only accounts for a...
Tesla share prices continued to decline this week as shareholders grow increasingly worried over the company's future.

Tesla share price continues to plunge as Q1 earnings report looms

- April 17, 2024
Tesla share prices continued to fall this week after a leaked internal memo indicated the company planned to lay off more than 10% of its global workforce, dragging the brand's...
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