Tag: Automakers
PennDOT suspends title and registration issuing at two Carvana locations
Two Carvana locations in Pennsylvania have been suspended from performing motor vehicle title, and registration actions after the commonwealth's transportation department found several violations.
The...
Over 530,000 battery electric vehicles have been registered so far in...
Electric vehicle registrations in the US are up 57% through September as industry leader Tesla, legacy automakers, and startups ramp up production of EV...
Tesla starts hiring push for Cybertruck team at Austin gigafactory
Tesla is starting to hire workers at its Gigafactory in Texas specifically for the production of its Cybertruck, according to listings on Tesla's careers website.
Last...
Mazda anticipates slowdown in US demand by early 2023
Executives from Japan's Mazda Motor Corp. made statements about the state of the economy and rising interest rates in the United States on Thursday,...
Average new vehicle prices remained above $48,000 in October
The latest data from Kelley Blue Book, a Cox Automotive company, shows consumers are paid more for both non-luxury and luxury new vehicles in...
Elon Musk sells nearly $4 billion of Tesla stock after Twitter...
Tesla CEO Elon Musk has sold 19.5 million shares of his electric vehicle company for $3.9 billion (pre-tax) since taking over ownership of Twitter...
Lucid reports Q3 loss of $530 million, confirms 2022 production goals
Lucid Motors released its third-quarter financial results on Tuesday, reporting the company tripled the number of Air EVs produced compared with last quarter. The...
BMW vows to keep lower-priced vehicle segments during EV shift
BMW Chief Executive Oliver Zipse says the premium brand won’t abandon the lower-priced market segment as it navigates the transition to electric vehicles.
“We are...
Several auto dealerships changed hands in Q2 and Q3
Toyota, Kia, Stellantis, Ford, and General Motors dealerships have traded hands in multiple transactions across five states during the second and third quarters of...
Auto loan delinquencies rise as pandemic-era government assistance ends
With inflation and higher prices still a factor across the country, a growing number of Americans are struggling to make their monthly auto loan...
