Analysts see March U.S. auto sales as the best month since May 2021 because of increasing inventories — and resulting rising incentives and retreating prices.
Source: autonews.com
Tesla's plan for affordable cars takes page from Detroit rivals
Tesla has said it will use a current platform and production lines to produce what it called "more affordable" models by early next year. Source: autonews.com … [Read More...]
The Worst New Subaru Outback Option You’ll Regret Buying
Follow us today... I've discussed the worst Subaru feature on the Outback and other Subaru models. The Subaru Auto Stop/Start feature. But here is the worst Subaru option you will regret buying on the 2024, 2025 Outback, or any other Subaru model. So Many Options On The Outback You may not know, but you can order 115 accessories for the 2024 Subaru Outback. If … [Read More...]
Soaring insurance costs hit as US buyers get a break on car prices
(Reuters) – A new form of sticker shock has hit American car buyers like Darin Davis. In January, when the 56-year-old Dallas real estate agent renewed the insurance on the pearly-white 2024 Cadillac XT4 that he bought just a few months earlier, the rate nearly doubled. “It takes the fun out of owning a new car when you’re paying so much money,” said Davis, adding that if he’d known such a massive … [Read More...]
Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition
Summary Entry-level Tesla car won’t be built, three sources tell Reuters Tesla to focus on self-driving taxis instead, sources said Strategy shift comes as Tesla faces competition from China EV makers including BYD (Reuters) – Tesla has canceled the long-promised inexpensive car that investors have been counting on to drive its growth into a mass-market automaker, according to three sources … [Read More...]
How Volvo landed a cheap Chinese EV on U.S. shores in a trade war
(Reuters) – A made-in-China electric vehicle will hit U.S. dealers this summer offering power and efficiency similar to the Tesla Model Y, the world’s best-selling EV, but for about $8,000 less. The EX30 from Volvo Cars, the Swedish luxury brand owned by China’s Geely, foreshadows the fierce competitive threat U.S. automakers could face from Chinese EV manufacturers that have surged far ahead of … [Read More...]
Former exec Baglino sells Tesla shares worth $181.5 mln, SEC filing shows
(Reuters) – Former Tesla executive Drew Baglino has sold shares worth around $181.5 million in the world’s top EV maker, according to a SEC filing on Thursday. Baglino, a Tesla veteran who began his career as an engineer in 2006 and was one of four members, along with Elon Musk, on the company’s leadership team. He resigned as senior vice president of powertrain and energy engineering from the … [Read More...]
Huawei’s smart car tech offers automakers route to China sales
BEIJING, (Reuters) – It’s taken Huawei just four years to become a force in smart car technology, navigating the devastation of trade sanctions on its smartphones business while simultaneously developing a driver assistance system that is the darling of the Beijing auto show. Huawei Technologies has two huge booths at this week’s event, and there are at least seven Chinese automakers touting its … [Read More...]
Hyundai will build more hybrids to supplement slowing EV demand
Another day, another automaker deciding that hybrids are a better short-term solution than focusing solely on EVs. Ford, GM, and others made the call months ago, and now, it’s Hyundai’s turn. The South Korean automaker recently confirmed that it would boost hybrid production at its Georgia factory, which was previously destined for life building electric models. Hyundai’s first-quarter sales … [Read More...]
Foreign automakers eager for Chinese partners at Beijing auto show: Report
By: Reuters | Updated on: 27 Apr 2024, 14:39 PM Share via: <!--Impressed by the bold leaps of BYD and other Chinese automakers at Auto China 2023 in Shanghai, foreign automakers are now avidly searching for Chinese partners and announcing new tie-ups.--> Impressed by the bold leaps of BYD and other Chinese automakers at Auto China 2023 in Shanghai, foreign automakers are … [Read More...]
Tesla Autopilot probed after 20 crashes in months since recall
By: Bloomberg | Updated on: 27 Apr 2024, 13:50 PM Share via: More than 2 million Tesla vehicles are subject to the probe, according to NHTSA. The US National Highway Traffic Safety Administration (NHTSA) has opened a query into the Autopilot recall Tesla conducted in December 2023 The US’s top auto-safety regulator extended its years-long investigation of Tesla … [Read More...]