news

Ford adjusts strategy as EV losses mount

CEO Jim Farley said Ford may postpone some EV launches and is assessing whether to...

BYD to supply EVs to European car leasing company Arval

The deal will accelerate BYD’S expansion in Europe....

Jaguar Land Rover slows EV rollout as electric car demand cools

Jaguar Land Rover is making more plug-in hybrids available amid a ‘surprising’ uptick in demand,...

GM hires Kurt Kelty, formerly of Tesla, to lead automaker’s EV battery strategy

Kurt Kelty will be tasked with leading GM’s overall approach to EV batteries, including sourcing...

Asbury Q4 net income down 84%; company trims revenue goal

Asbury Automotive Group Inc. Q4 2023 earnings: ABG saw net income fall 84 percent year-over-year...

Proposed Virginia legislation aims to limit buy-sell approval time

The head of the Virginia Automobile Dealers Association said this legislation, if signed into law,...

EV sales would benefit from more auto show exposure

Electric vehicles sales could account for 10 percent of the market in 2024, but getting...

Opel cuts output of Grandland crossover at German plant

Demand for the Grandland is slowing as customers wait for a new-generation model that will...

Ford will bring back program to prioritize small dealers’ orders

Ford is bringing back a program that will prioritize small dealers’ retail orders, even if...

Watch Toyota’s last-minute Super Bowl ad for the 2024 Tacoma

Toyota seized on late available CBS ad inventory to run a Super Bowl commercial portraying...

Ford, IG Metall union agree to 3,500 job losses at German plant

The workers will not be needed when production of the Ford Focus ends in 2025...

McLaren said to seek strategic investors to fund U.K. brand’s growth

McLaren’s controlling shareholder, Bahrain’s Mumtalakat Holding, has been considering bringing in additional investors who can...

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