Tag: automotive industry events
Ford, Mazda issue urgent do-not-drive advisory for vehicles with unrepaired Takata...
Ford and Mazda have issued a critical do-not-drive advisory for certain vehicles that have yet to be repaired under previous Takata airbag inflator safety...
Federal Reserve holds interest rates steady, impacting auto loans and dealer...
Dealers and consumers will have to wait for relief from higher interest rates as Federal Reserve leaders opted to leave the Fed benchmark rate...
Tesla recalls over 125,000 vehicles due to seat belt warning system...
Tesla is recalling over 125,000 vehicles in the United States due to a malfunction in its seat belt warning system, which can increase the...
Market Rebounds: Signs of normalcy as buyers return amidst growing inventory...
Affordability has been a major concern for dealers and consumers. In today's episode of CBT Now, we'll learn how the market performed in the...
Ford slashes interest rates to 0% APR on 2024 Mustang Mach-E
Ford has dramatically reduced interest rates to 0% APR on the 2024 Mustang Mach-E, effective May 21, 2024, offering the best financing deal to...
EV sales show resilience in March registrations despite Tesla’s decline
EV sales rose by 3.8% in March, defying concerns of an "EV slowdown." Hyundai and Ford notably saw increased EV registrations, countering Tesla's 12%...
Mitsubishi plans U.S. revival with new models and retail concepts
Mitsubishi's product range in the U.S. has been limited, resulting in reduced consumer interest and a market share of only 0.6% last year. However,...
NHTSA opens recall inquiry into 51,500 Volkswagen ID.4 EVs over door...
The U.S. National Highway Traffic Safety Administration (NHTSA) announced today that it is initiating a recall query regarding approximately 51,500 Volkswagen America electric vehicles...
High interest rates undermine new auto incentives for car shoppers
Incentives are re-emerging in the auto market, but high interest rates are diminishing their appeal to car shoppers. According to Edmunds, the average annual...
UAW members approve 25% pay increase in new deal with Daimler...
On May 4, United Auto Workers (UAW) union members approved a new labor agreement with Daimler Truck. The agreement is valid for four years...