Used-vehicle sales get tax refund lift, Cox says
Used-vehicle retail transactions grew weekly from late January to March 14, an indication of the seasonal uptick those sales typically experience as consumers spend their tax refund dollars......»»
Struggling Our Next Energy taps consultant to help battery maker raise funds
Electric vehicle battery startup Our Next Energy Inc. hired a Chicago-based financial consultant specializing in distressed businesses in its quest to rebound from a failed Series C fundraising round. The suburban Detroit battery manufacturer rece.....»»
Automakers hedge their bets with plug-in hybrids as EV sales slow
Originally regarded as stopgap solutions, hybrids are in it for the long haul. Enlarge (credit: Honda) Global carmakers are stepping up their investment in hybrid technologies as consumers’ growing wariness over fully.....»»
China"s vehicle exports hit record high in April as domestic sales fall
Facing trade threats in Europe, Chinese automakers have been actively exploring South America, Australia and ASEAN markets for exports......»»
CarGurus reports net income jump, more digital wholesale losses
The vehicle listings company said its marketplace revenue grew by double digits and work to overhaul its wholesale business is continuing......»»
New-vehicle inventory little changed at 2.86 million
New-vehicle inventories in the U.S. changed little in April, ending at 2.86 million vehicles, Cox Automotive said — safely under 3 million......»»
BP keen to buy Tesla supercharging sites for U.S. expansion
BP Plc’s electric vehicle charging arm is eager to snap up Tesla Inc. supercharging sites across the US — along with the workers behind them — and has pledged $1 billion to expand its network......»»
Used-vehicle wholesale prices down in April, Cox Automotive says
Customers appear to be holding out for more affordable used-vehicle prices and hoping for lower interest rates, Cox Automotive says......»»
Apple maintains US market share as smartphone demand continues to weaken
New research claims that US smartphone shipments have declined 8% year over year, yet Apple's iPhone has stayed steady at 52% of the market.Delays over Apple's iPhone 14 saw its sales boost come late, which has now affected yearly comparisonsEven if.....»»
5 key takeaways from Toyota"s record earnings report
Under first-year CEO Koji Sato, Toyota reported a blockbuster fiscal year of records, from sales to profits. Here are five top takeaways from the automaker's earnings conference......»»
Nissan has a new plan to spur sales — and it wants retailers to fund it
With a nearly triple-digit days' supply, Nissan is allowing dealers to advertise 2024 model year vehicles below invoice......»»
Affordability to affect new-vehicle purchases, study says
An Urban Science and Harris Poll study found 55 percent of consumers said they're likely to change their vehicle purchase or lease plans due to economic concerns in the near future, lower than dealers' expectations......»»
Hyundai Motor plans to add hybrids to U.S. plant within current investment
Hyundai Motor Co. plans to use the investment it has already lined up for the United States to produce hybrid vehicles at its electric vehicle plant there......»»
Apple profits surge as consumers choose pricier iPhone storage options
Amidst plateauing iPhone sales, Apple's enhanced storage upgrade options have emerged as a significant profit driver.Apple profits surge as consumers choose pricier iPhone storage optionsApple has long leveraged the strategy of encouraging iPhone use.....»»
New 13-inch iPad Air will eat into iPad Pro sales
A new report predicts that sales of the new iPad Pro will be affected both by its higher price than before, and by the appeal for consumers of the lower-cost 13-inch iPad Air.New iPad Pro (source: Apple)Trendforce has previously and rather obviously.....»»
GM takes new approach, new name with fleet business
GM is seeing significant growth in sales of vehicles and accompanying services by creating a new one-stop fleet unit aimed at helping business customers operate more efficiently......»»
CEO Koji Sato reloads for long-term growth after leading Toyota to record profit, sales, production
Toyota reports across-the-board record results in its just-ended fiscal-year, but it warns earnings will retreat in the current year......»»
Daimler Truck unveils its first autonomous, battery electric eCascadia
Daimler Truck North America executives showcased the company's new autonomous and battery-electric demonstration vehicle Wednesday, ahead of the ACT Expo later this month......»»
Toyota CEO Sato leads automaker to record profit, sales, production
Toyota reported record quarterly sales and record profits, but warned earnings will retreat in the current year as it takes a break from hectic expansion and invests in next-generation EVs, software and AI......»»
GM tries to lure Tesla’s jilted interns during mass downsizing
General Motors Co. hopes to take advantage of Tesla Inc.’s downsizing, with a company recruiter reaching out to former interns who were sent packing by the electric-vehicle maker......»»
Apple in talks with Rivian, likely over Apple Car revival
Apple is said to be investigating a partnership with a US electric vehicle firm, believed to be Rivian, in a move that could mean reviving the Apple Car.Rivian R1TThe whole Apple Car project was reportedly scrapped in February 2024, with its team red.....»»