How automakers are adjusting electrification plans as EV demand slows

How automakers are adjusting electrification plans as EV demand slows

Automakers that have recently tempered their targets for battery-electric car sales include Toyota, Ford, GM...

47 states fail to meet the ideal ratio of chargers to EVs, report says

Only the District of Columbia and three states — Vermont, Massachusetts and Rhode Island —...

Consumers 14 percent less likely to purchase an EV this year: EY survey

Expensive battery replacement costs and access to public chargers top the list of concerns preventing...

VW CEO Blume says European market shrinking amid tougher competition

VW is mulling plant closures in a bid to save $11 billion as part of...

CarMax signs on as stadium sponsor for Flying Squirrels

CarMax has signed a multiyear stadium naming rights deal with the Richmond Flying Squirrels, a...

Italy seeks early review of EU’s 2035 combustion engine ban

Italy’s Industry Minister Adolfo Urso said an assessment on the progress to meet the 2035...

Automakers could face billions in fines for missing 2025 emissions target, Renault CEO says

Low EV penetration puts automakers at risk for up to €15 billion in EU penalties,...

Daily 5 report for Sept. 6: Sales reports, dealer sentiment give Fed good reason to cut interest rates

The bottom line, as sales stagnate and inventories rise, is that automakers and their customers...

Now an established luxury brand, Genesis is refining strategy to win loyal customers

Hyundai’s premium brand expects more growth on strong product, new dedicated dealerships and a focus...

2025 Hyundai Ioniq 5 EV gets more range, XRT trim; qualifies for U.S. tax credit

The new Ioniq 5, which is the first EV to come from Hyundai’s Metaplant in...

Toyota, Nissan, Mazda, Subaru bolster EV battery plans with aid from Japan

EV laggards Toyota, Mazda, Subaru and Nissan up their game with massive new investment in...

TrueCar pilot of revamped digital car marketplace underway

TrueCar’s pilot of its revamped TrueCar+ digital car-selling marketplace launched later than expected because of...

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