Stellantis calls for EV affordability, warns high prices could collapse market
The EV industry might be in trouble if they do not lower the average listing price for their vehicles. Although Europe and China are leaders in the EV industry since...
TSLA367.160-8.07%
GM83.050-0.95%
F12.050-0.05%
RIVN12.950-0.42%
CYD26.570-1.22%
HMC33.4500.12%
TM188.600-0.11%
CVNA57.960-2.43%
PAG194.790-0.88%
LAD281.490-5.29%
AN153.190-2.13%
GPI228.370-3.22%
ABG161.970-2.57%
SAH60.050-1.01%
TSLA367.160-8.07%
GM83.050-0.95%
F12.050-0.05%
RIVN12.950-0.42%
CYD26.570-1.22%
HMC33.4500.12%
TM188.600-0.11%
CVNA57.960-2.43%
PAG194.790-0.88%
LAD281.490-5.29%
AN153.190-2.13%
GPI228.370-3.22%
ABG161.970-2.57%
SAH60.050-1.01%
TSLA367.160-8.07%
GM83.050-0.95%
F12.050-0.05%
RIVN12.950-0.42%
CYD26.570-1.22%
HMC33.4500.12%
TM188.600-0.11%
CVNA57.960-2.43%
PAG194.790-0.88%
LAD281.490-5.29%
AN153.190-2.13%
GPI228.370-3.22%
ABG161.970-2.57%
SAH60.050-1.01%
Industry News
New NHTSA Chief says agency is cracking down on automated driver-assist systems
Steven Cliff, the new head of the National Highway Traffic Safety Administration (NHTSA) is concerned about the lack of accurate knowledge about automatic and self-driving systems installed in electric vehicles....
Federal EV tax credit renewals are stuck in limbo
There has been much talk between members of Congress, OEMs, and other automotive retail professionals about electric vehicle tax credits. At the moment, there are many disagreements about what to...
Federal Trade Commission aims to reduce deceptive practices at car dealerships with new proposal
The Federal Trade Commission is stepping in as the U.S. auto market continues to see rising prices for both used and new vehicles due in part to, current inventory shortages.
According...
Lithia Motors purchases 9 dealerships in South Florida
Lithia Motors purchased nine dealerships from Lehman Auto World with the help of Haig Partners LLC, a well-known buy/sell advisor. Haig Partners represented the sell-side of the transaction. Lenham Auto...
New vehicle quality dips sharply, J.D. Power Study reveals
J.D. Power's 2022 Initial Quality Study, which was recently published, showed a sharp decline in newly built cars in 2022, 11% to be exact. This surprising number is concerning key...
Tesla shrinks headcount again, lays off 200 Autopilot employees
Tesla has laid off more employees this week. 200 employees, who were training the company's Autopilot AI system were let go. This is part of the ongoing efforts by the...
Cox Automotive shifts 2022 sales forecast due to ongoing supply issues
According to the Cox Automotive June sales estimate, U.S. new vehicle sales are expected to be constricted due to the lack of supply that continues to hamper the industry. The...
Ford announces safety recall of 2,900 F-150 Lightning trucks
Earlier this week, Ford issued a safety compliance recall of about 2,900 units of the F-150 Lightning because of a software issue with the tire pressure monitoring system. No serious...
General Motors files patent for daisy chain EV charging using dual ports
General Motors is surprising many key electric vehicle production industry players as they increase sales and produce interesting inventions and patents for electric batteries. GM is already known for its...
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