Per-vehicle F&I profit down for 4 publics
Average F&I profit per vehicle retailed in Q1 rose slightly at AutoNation and Sonic, while other publics saw a decline......»»
North America can seize EV leadership from China, GM battery chief says
The U.S. can seize global leadership on electric vehicle batteries as the customer base for EVs grows, said Kurt Kelty, General Motors' vice president of batteries......»»
Tesla to unveil robotaxi after years of Elon Musk"s unfulfilled promises
Tesla's "Cybercab" would serve a key role in a future, company-run ride-share service. The EV maker could also show a low-cost vehicle for the masses and a self-driving van, analysts said......»»
General Motors is ditching Ultium branding for its EV batteries
GM says it's time to embrace new cell formats and chemistries. General Motors is shaking up its electric vehicle strategy once again. Despite bumper EV sales in 2024, the US autom.....»»
Tesla to unveil robotaxi after years of CEO Elon Musk"s unfulfilled promises
Tesla's "Cybercab" would serve a key role in a future, company-run ride-share service. The EV maker could also show a low-cost vehicle for the masses and a self-driving van, analysts said......»»
New-car prices will continue to normalize in 2025
Normalization of supply chains and inventory levels has put pressure on vehicle prices......»»
Samsung says it’s in “crisis,” apologizes for missing profit target
Performance has not met expectations as company tries closing fab gap with TSMC. Samsung Electronics has issued a public apology and acknowledged the company is considered to be i.....»»
This Man Found 1,650 Ways to Turn a Profit While Decarbonizing
Bertrand Piccard says sustainability doesn’t have to come at a cost—and that reframing attempts to hit net zero as a way of generating profit could be key to hitting targets......»»
Cutting emissions the smart way: How an intensity-based approach drives real change
Investors' consideration of a firm's environmental performance, along with concerns about future impacts on profit, have led many firms to start trying to reduce their carbon footprint. But such environmental pressure—if not calibrated correctly—.....»»
Georgia Mercedes dealership sues commercial vehicle customizer for nearly $5 million
A Georgia dealership sued a South Carolina company for nearly $5 million for failing to pay for 83 Mercedes-Benz vehicles it bought in 2023, according to a federal court suit......»»
Lucid Q3 sales rise 91% to record 2,781 on generous incentives for Air sedan
Lucid Q3 production increased a modest 16% as the automaker cleared out vehicle inventory. The EV startup's stock price rose about 2% higher in midday trading......»»
Smaller crossovers, pickups outpace U.S. market in Q3 as affordability challenges remain
Light-vehicle sales slid 2.4 percent in the third quarter, according to preliminary data from the Automotive News Research & Data Center......»»
Top 5 stories of the week: Lackluster Q3 vehicle sales; McLaren"s fastest supercar
A quick look at the top automotive stories of the week as determined by reader interest......»»
Smaller crossovers, pickups outpace market in Q3 as affordability challenges remain
Light-vehicle sales slid 2.4 percent in the third quarter, according to preliminary data from the Automotive News Research & Data Center......»»
Maserati"s stumbles due to marketing issues, Stellantis CEO Carlos Tavares says
Despite heavy financial losses and slumping vehicle sales, Maserati is sustainable but more needs to be done to position it as a pure luxury brand, Stellantis CEO Carlos Tavares said......»»
Carvana reaches 4 million vehicles bought and sold since its launch in 2013
Carvana on Oct. 3 released a report with insights on its first 4 million used-vehicle purchases and sales......»»
1 Thing We"re Talking About: Vehicle recall number drops slightly compared with 2023
BizzyCar's report shows the number of vehicles under recall in the U.S. through the third quarter of 2024 was down 4 percent from the same time a year earlier......»»
EVgo gets $1.05B loan to build 7,500 DC fast chargers
EVgo will focus on underserved communities where people can't charge at home. The electric vehicle charging company EVgo has secured conditional approval for a $1.05 billion loan.....»»
FORD: 1st quarterly decline for Ford brand since 2022; Lincoln sales rise
Ford Motor Co.'s U.S. light-vehicle sales rose 0.7 percent in the third quarter, with retail sales up 4 percent......»»
Unreal Engine on Cars? Qualcomm and Epic Games Say Yes
Think of a more souped-up version of the touchscreen display on your current vehicle. The post Unreal Engine on Cars? Qualcomm and Epic Games Say Yes appeared first on Phandroid. Qualcomm recently announced that it’s teamed up with E.....»»
NASA prepares for Lunar Terrain Vehicle testing
When astronauts return to the moon as part of NASA's Artemis campaign, they will benefit from having a human-rated unpressurized LTV (Lunar Terrain Vehicle) that will allow them to explore more of the lunar surface, enabling diverse scientific discov.....»»