Nio expects Q1 deliveries between 20,000 and 20,500 vehicles
As of January, Nio had delivered 82,866 electric cars in China since its first model came to market in June 2018. Its high-end utility vehicles have proven a hit with wealthy consumers, helping to push Nio’s gross margin to 17.2 percent in the Dec.....»»
Vroom CEO: ‘Gut-wrenching" decision to end online used-car business
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible......»»
Lithia Q1 net income down 28% as margins slip
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter......»»
Tesla says it will accelerate new products after Q1 net income drops 55% to $1.1B
"These new vehicles, including more affordable models, will utilize aspects of the next generation platform as well as aspects of our current platforms," Tesla said in its first-quarter report......»»
The 2024 Porsche Macan EV has character, pace, and the right badge
The new electric Porsche Macan starts at $78,800, deliveries begin later this year. Enlarge / The third-generation Porsche Macan drops the internal combustion engine—this one is only available as a battery electric vehicle. (cr.....»»
Kia gives $7,500 incentive for EV9 sales until production moves to U.S.
Kia America is giving buyers of its EV9 $7,500 to match the amount buyers recoup from a federal tax credit on electric vehicles that are not imported......»»
Dealers raise concerns about how Scout, Sony Honda Mobility will sell vehicles
Dealers, associations and NADA have been sending inquiries to Scout Motors and Sony Honda Mobility on how the brands plan to sell vehicles......»»
Dealer association ad voices concerns about how Scout, Sony Honda Mobility will sell vehicles
Dealers, associations and NADA have been sending inquiries to Scout Motors and Sony Honda Mobility on how the brands plan to sell vehicles but to no avail......»»
Bill to undo relaxed EPA tailpipe emissions rule fails in Senate
A bill that would prohibit the EPA from enforcing its finalized rule on tailpipe emissions vehicles failed in the U.S. Senate on Thursday......»»
Tesla recalls all 3,878 Cybertrucks over faulty accelerator pedal cover
This time there's no over-the-air software patch. Enlarge / The Tesla Cybertruck. (credit: Tesla) On Monday, we learned that Tesla had suspended customer deliveries of its stainless steel-clad electric pickup truck. Now.....»»
SpaceX and Northrop are working on a constellation of spy satellites
First launch of these operational vehicles may occur next month from California. Enlarge / A Falcon 9 rocket launches a Starlink mission in January 2020. (credit: SpaceX) SpaceX is reportedly working with at least one ma.....»»
Cyberattack on key parts supplier triggered dispute that cost Stellantis $300M, lawsuit says
The automaker lost more than $300 million in revenue because it was unable to manufacture 6,000 vehicles without parts from Yanfeng, the lawsuit says......»»
EV makers may have an edge in software-defined vehicles
Industrywide, fully software-defined vehicles are years away......»»
U.S. trade chief calls for "decisive" action to shield EV sector from China
The U.S. must take "decisive" action to protect electric vehicles from subsidized Chinese competition, U.S. Trade Representative Katherine Tai said on Wednesday as she completes a review of Trump-era China tariffs and considers President Joe Biden's.....»»
5-figure EV discounts emerge amid bloated inventories
Electric vehicles on average were discounted nearly $6,000 in the first quarter, according to Cox Automotive......»»
Bloated EV inventory fuels 5-figure discounts. Will more buyers emerge?
Electric vehicles on average were discounted nearly $6,000 in the first quarter, according to Cox Automotive......»»
Musk apologizes for "incorrectly low" Tesla severance packages
Tesla has announced it will slash its global headcount by more than 10 percent as the automaker struggles with slowing demand for electric vehicles......»»
Lawmaker introduces bill to prevent Chinese dominance of U.S. EV market
Congresswoman Carol Miller announced the End Chinese Dominance of Electric Vehicles in America Act of 2024, designed to regulate the foreign entity of concern definition for the 30D EV tax credit and prevent Chinese companies from obtaining U.S. tax.....»»
EV charging update in Google Maps includes “AI-powered” station info
The update will first roll out to cars with Google Maps built-in. Enlarge / EV charger status is coming to Google Maps. (credit: Google) Google Maps is making itself friendlier for electric vehicles. A couple of years ag.....»»
Congresswoman Carol Miller introduces bill to prevent Chinese dominance of American EV market
Congresswoman Carol Miller announced the End Chinese Dominance of Electric Vehicles in America Act of 2024, designed to regulate the foreign entity of concern definition for the 30D EV tax credit and prevent Chinese companies from obtaining U.S. tax.....»»
Column: Tesla"s wacky Cybertruck design might force other automakers to take chances with wildly styled vehicles
We could very well see future pickups from mainstream automakers that are more about style and individuality than about towing heavy loads. Sports cars are impractical and yet there is still a healthy market for them. Why not trucks?.....»»