GM, Ford vehicles to lose US EV tax credits Jan. 1
GM said it expects the Lyriq and Blazer EV will regain eligibility in early 2024. Ford Motor said its E-Transit will lose the $3,750 tax credit on Jan. 1, as will the Mach-E and Lincoln Aviator Grand Touring plug-in hybrid......»»
Tesla posts Q3 net income of $2.2 billion, forecasts sharply higher 2025 deliveries
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
Feds clear way for EVTOL startups to bring flying vehicles to U.S. airspace
Feds clear way for EVTOL startups to bring flying vehicles to U.S. airspace.....»»
GM Canada delays St. Catharines EV motor output until 2027, affecting 1,000 workers
Unifor opened a labor action center in Niagara Region this month to help about 1,000 members find work following layoffs and retooling delays at General Motors Canada’s St. Catharines Propulsion Plant. .....»»
Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs......»»
VW pushes back launch of ID7 EV in the U.S. to ‘probably" 2025
The VW ID7 electric sedan, similar in size to the discontinued Passat midsize sedan, was supposed to launch in the U.S. in the third quarter, but now it looks like it will likely launch in 2025......»»
Ford Bronco sales slide unconcerning to dealers after 2 years of markups
U.S. sales of the Bronco SUV are down 16 percent this year, but dealers and analysts say it's a function of supply and demand finally normalizing. Accessories and other add-ons remain lucrative......»»
Advanced driver-assistance systems could become $307 billion market by 2035, report says
Revenue from advanced driver-assist systems is expected to surge from just $1.7 billion in 2023, according to a report by Oliver Wyman Forum. The firm also expects massive revenue growth in EV charging services......»»
GM, Ford try to ease fleet customers" switch to EVs
Switching to an electric vehicle comes with a host of considerations, including when and where to charge it. For fleet operators, moving away from gasoline-powered vehicles also comes with business implications. Some companies might be interested.....»»
Why a lot more used EVs are about to become eligible for a tax credit. Older ones are a mixed bag
First-generation EVs have design flaws and technological quirks that render them a mixed bag in terms of value. Late-model-year used vehicles are typically more reliable, though different climates or histories can affect battery health......»»
In political ad barrage, EVs get the short end of the stick, especially in Michigan
Some $21.5 million has been spent on EV-related ads this election cycle. About 88 percent, or $18.9 million, of it is negative, according to a study......»»
F&I data: Used EVs losing value faster than hybrids and gas-powered cars
A Cox Automotive analysis compares the value of used hybrid, electric and gasoline vehicles with their sticker price......»»
Stellantis to road test EV fleet with solid-state batteries
Stellantis NV plans to operate a test fleet of electric vehicles powered with solid-state batteries in two years’ time, taking a step toward potential commercialization of a technology that’s aimed at improving EV performance. The automaker wi.....»»
The CEO of Ford says he"s been driving a Xiaomi EV for the past 6 months and doesn"t want to give it up
The CEO of Ford says he"s been driving a Xiaomi EV for the past 6 months and doesn"t want to give it up.....»»
Trump says he"ll make interest on car loans tax deductible for vehicles made in U.S.
Trump has not specified if the tax breaks would be available to many foreign-owned automakers who produce millions of vehicles in the U.S., including Volkswagen Group, Toyota and Hyundai......»»
Daily 5 report for Oct. 22: GM"s bullish forecast suggests it handled higher UAW labor costs
UAW President Shawn Fain can either tell GM "I told you so," or he can say "I should have asked for more.".....»»
1 million+ patients lose coverage as insurers, hospitals drop Medicare Advantage
1 million+ patients lose coverage as insurers, hospitals drop Medicare Advantage.....»»
Rich Americans may be about to lose a tax benefit they love — and now they"re racing to get their affairs in order
Rich Americans may be about to lose a tax benefit they love — and now they"re racing to get their affairs in order.....»»
Qualcomm and Google Want to Make Your Next Car More Futuristic
It's a team-up that isn't too surprising, especially given the continued rise of electric vehicles and AI-based software solutions. The post Qualcomm and Google Want to Make Your Next Car More Futuristic appeared first on Phandroid. Qualco.....»»
GM Financial net income down 11% in Q3
General Motors Financial saw net income fall by more than 10 percent year over year in Q3 2024 earnings as the GM captive finance company grew its financing income but spent more on interest......»»