Ford will have lost $6 billion on EVs over three years but believes it can reach profit margins of 8 percent on EVs and 10 percent companywide by the end of 2026.
Continue Reading the above article 'Ford losing billions on EVs but sees profits on ho...
Toyota Walnut Creek is tapping stay-at-home parents to source used cars via the Internet.
Continue Reading the above article 'Calif. Toyota dealership goes remote in search of ...
As automakers and battery producers quickly ramp up to mass production of EVs, they need to look out for water leaks.
Continue Reading the above article 'Why water leaks are a headache for the EV boom...
Napleton Auto Group partners Paul Napleton and Danny Randolph acquired five dealerships in Wisconsin and Illinois in three 2022 transactions.
Continue Reading the above article 'Napleton Auto Group duo buy 5 dealerships in 3 dea...
Kia's sales chief Eric Watson says retail sales will remain at modest levels throughout the year, and economic headwinds will keep industry in check as inventory levels build back.
Continue Reading the above article 'Kia sales chief: Uncertainty will keep industry in...
Used-vehicle retailer Canada Drives has filed for and been granted creditor protection as the company seeks to restructure its business and abandon online sales amid escalating inventory costs and weakening used-vehicle prices.
Continue Reading the above article 'Canada Drives granted creditor protection as it re...
The auto, battery and clean energy industries have been awaiting guidance on complex questions governing eligibility for hundreds of billions of dollars of incentives in the Inflation Reduction Act, signed into law last year.
Continue Reading the above article 'U.S. Treasury to release EV battery sourcing rules...
The $5.6 billion campus in western Tennessee will build a next-generation EV pickup codenamed Project T3 starting in 2025.
Continue Reading the above article 'Ford's BlueOval City set to produce 500,000 elect...
The bill was previously introduced in 2021 by Rep. Darrell Issa, R-Calif., who said it will expand consumer choice for collision repair parts, reduce costs for drivers and insurers and increase competition in the auto repair parts market.
Continue Reading the above article 'House Republican reintroduces bill to shorten desi...
U.S. labor unions are pushing back on White House efforts to allow European Union and Japanese firms mining and processing critical minerals to tap some of the lucrative subsidies available in the Biden administration's massive climate law, fearing the move will sap American jobs.
Continue Reading the above article 'Unions balk at Biden plan for mineral trade deals ...