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Plaintiffs" lawyers who said Tesla paid Elon Musk too much want $6B

Tesla's CEO blasted the request as "criminal," posting on his X platform that "the lawyers who did nothing but damage Tesla want $6 billion.".....»»

Source:  AutonewsCategory: Top6 hr. 28 min. ago Related News

Hyundai Ioniq 7 EV slated for name change to Ioniq 9

The kid hauler follows in the footsteps of Kia's EV9 with which it shares the same electric architecture......»»

Source:  AutonewsCategory: Top6 hr. 28 min. ago Related News

Column: Protectionism can work for automakers — within limits

Low-cost Chinese EVs are a threat, but the best solution is better cars......»»

Source:  AutonewsCategory: Top15 hr. 55 min. ago Related News

Waymo"s massive self-driving expansion gets green light

The California Public Utilities Commission approved Waymo's ambitious expansion plans Friday afternoon......»»

Source:  AutonewsCategory: Top22 hr. 56 min. ago Related News

Audi partners with Costco on new incentive program

The specials are highest on some of the German luxury brand's electric vehicles and big sedans......»»

Source:  AutonewsCategory: Top22 hr. 56 min. ago Related News

Inventory surge, hybrids lift Toyota, Honda sales; Hyundai rebounds; Kia slips again

The U.S. new-vehicle market is expected to expand 5.6 to 6.3 percent in February, helped by growing inventories and higher discounts, analysts say, even as affordability concerns and elevated interest rates still weigh on buyers......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

The top 5 stories of the week: GM"s EV strategy; Apple scraps its car project

A quick look at the top auto industry stories of the week......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

GM recalling 820,000 pickups in North America for tailgate issue

The recall covers about 570,000 trucks in the U.S. and 250,000 in Canada. The call-back is GM's largest U.S. recall of the year and one of the larger recalls filed so far in 2024......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Nissan, Fisker in advanced talks on investment, partnership, report says

Terms being discussed include Nissan investing more than $400 million in Fisker's truck platform and building Fisker's planned Alaska pickup starting in 2026 at one of its U.S. assembly plants......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Hybrids boost Toyota sales; Hyundai rebounds; Kia slips again

The U.S. new-vehicle market is expected to expand 5.6 to 6.3 percent in February, helped by growing inventories and higher discounts, analysts say, even as affordability concerns and elevated interest rates still weigh on buyers......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Suppliers, competing with UAW raises, expect higher labor costs in 2024

During quarterly earnings calls with analysts and investors in February, suppliers frequently highlighted one area in which cost increases are expected to persist this year: labor......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Fisker raises "substantial doubt" as a going concern after $463 million Q4 net loss; 15% work force cut planned

Fisker said it has entered negotiations with a "large automaker" for a potential investment, joint development of one or more electric vehicle platforms, and North America manufacturing. Fisker didn't name the automaker......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Toyota"s Ted Ogawa: Better to buy credits than ‘waste" EV investment

In an exclusive interview, Toyota Motor North America CEO Ted Ogawa says U.S. EV demand in 2030 is expected to only be 30 percent of the market, not more than half as the EPA has proposed......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Toyota"s anime series fights for the future of driving

Five short episodes made in the popular Japanese animation style feature young heroes driving Toyota's GR Corolla, GR Supra and GR 86......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Hyundai sales rebound in February, Kia slips again

The U.S. new-vehicle market is expected to expand 5.6 to 6.3 percent in February, helped by growing inventories and higher discounts, analysts say, even as affordability concerns and elevated interest rates still weigh on buyers......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Bankrupt Lordstown Motors to pay $26M to settle SEC probe of exaggerated demand claims

SEC: "In a highly competitive race to deliver the first mass-produced electric pickup truck to the U.S. market, Lordstown oversold true demand for the Endurance.".....»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

Fisker raises "substantial doubt" as a going concern after $463 million Q4 net loss; 15% workforce cut planned

Fisker said it has entered negotiations with a "large automaker" for a potential investment, joint development of one or more electric vehicle platforms, and North America manufacturing. Fisker didn't name the automaker......»»

Source:  AutonewsCategory: TopMar 1st, 2024Related News

GM"s Cruise valuation slashed by more than half, email shows

Cruise employees were told the share price had been estimated by a third party at $11.80, according to an email viewed by Reuters. That's down from a prior estimate of $24.27 just one quarter ago......»»

Source:  AutonewsCategory: TopFeb 29th, 2024Related News

NHTSA opens 2 probes involving Dodge Journey crossovers, Chrysler Pacifica plug-in hybrids

The two probes involve Stellantis' 2018-20 Dodge Journey crossovers and 2017-23 Chrysler Pacifica plug-in hybrid minivans......»»

Source:  AutonewsCategory: TopFeb 29th, 2024Related News

Tesla Cybertruck sells for $244,000 at used-car auction, more than double sticker price

According to a Manheim auction, the Foundation Series pickup sold to Porsche South Orlando. The Cybertruck has a long waiting list of reservation holders......»»

Source:  AutonewsCategory: TopFeb 29th, 2024Related News