Tag: car business
Toyota rolls back 2022 production targets due to global chip shortage
Toyota announced it will likely miss its annual vehicle production target due to the ongoing global semiconductor shortage. The company also said it has...
General Motors considers adding midsize electric pickup to Hummer line
According to sources familiar with the matter, General Motors might consider adding an electric midsize pickup truck to its Hummer lineup, Bloomberg reports.
The sources,...
GM debuts GMC Sierra EV, Toyota adjusts annual production target, Carvana’s...
Inside Automotive:
Auto critic Mark Phelan recaps key moments from the 2022 Detroit Auto Show
There was a lot of anticipation, excitement, and announcements surrounding electric...
RADA President Brad McAreavy discusses New York’s 2035 EV mandate
In the first week of October, New York Governor Kathy Hochul announced that the state will mandate all new vehicle purchases to be zero-emission...
Tesla reports Q3 revenue of $21.45 billion, economic headwinds cutting into...
Tesla announced its third-quarter earnings this week, reporting financial results that set new company records but still fell short of Wall Street expectations.
The electric...
Lithia Motors third-quarter earnings miss expectations, revenue increases 18%
Lithia Motors reported its highest third-quarter revenue results and earnings per share in the company’s history. Revenue increased 18% to $7.3 billion compared to $6.2...
Biden Admin awards $2.8 billion to support EV battery production in...
The Biden administration announced it is awarding $2.8 billion in grants for projects in the United States that will help expand the manufacturing of electric...
BMW plans $1.7 billion investment in US electric vehicle production
BMW Group plans to invest $1.7 billion in its US operations to build electric vehicles and batteries. $1 billion is earmarked for the automaker's existing...
Tesla and Lithia Q3 earnings, Biden EV grants
Inside Automotive:
RADA President Brad McAreavy discusses New York's 2035 EV mandate
In the first week of October, New York Governor Kathy Hochul announced that the...
DriveCentric and NCC announce new integration and partnership
Austin, TX October 20, 2022 — National Credit Center (NCC), a leading provider of credit, soft pulls, identify verification, and compliance solutions is pleased...
