Public retailers grapple with soft EV demand in first quarter

4May 2024

Public retailers grapple with soft EV demand in first quarter

All six public retailers experienced challenges with electric vehicles, but also saw opportunities....

4May 2024

TruCar details car-buying platform pilot; Q1 numbers improve

TrueCar CEO Jantoon Reigersman said its pilot of an enhanced TrueCar+ platform will enable a...

3May 2024

Luminar lays off 20 percent of staff amid restructuring

Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company...

3May 2024

Spy photos capture upcoming Chevrolet Corvette ZR1

Chevrolet will reveal the next-generation Corvette ZR1 this summer, promising ‘The unthinkable is coming.’...

3May 2024

Lucid to report Q1 earnings amid cash burn, waning EV growth

The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast...

3May 2024

Rivian taps Volvo executive as COO ahead of new-model launch

The U.S. EV maker hired Volvo Deputy CEO Javier Varela as its new chief operations...

3May 2024

Carvana set to dig back into used-car market after latest quarter, analysts say

Analysts bullish on Carvana said its Q1 results are a sign it has recovered from...

3May 2024

Magna expects $400 million revenue loss from Fisker production halt

Magna builds the Ocean EV for Fisker. Magna said it is monitoring the situation and...

3May 2024

American Axle revenue, profit climb in first quarter

American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks...

3May 2024

Kia EV9 GT expected to launch in January

During its CEO Investor Day last month, Kia said it would start releasing GT variants...

3May 2024

Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant

A quick look at the top automotive stories of the week as determined by reader...

3May 2024

5 key takeaways from April U.S. sales reports

U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023;...

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