General Motors, Ford Motor Co. and Tesla Inc. all reported earnings this week, while data revealed the least expensive EVs in the first quarter.Those are two of the top five stories of the week as determined by Automotive News reader interest.Here’s the rundown:/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js
GM posted a higher first-quarter profit and raised its 2024 financial guidance, Ford’s net income fell 24 percent in the quarter but revenue was up, and Tesla committed to new and low-cost models after net income dropped 55 percent.
Stellantis is laying off 199 full-time workers at its Sterling Heights Assembly Plant that builds the Ram 1500 in suburban Detroit, the latest in a series of job cuts that have touched hourly, salaried and supplemental workers since UAW members ratified their contract with the automaker in November.
Big discounts to move electric vehicles off dealership lots means consumers have a selection of vehicles priced below $41,000.
A group of state dealer associations is pressing Honda Motor Co. and Volkswagen Group not to sell planned electric vehicles from Scout and Sony Honda Mobility outside of the country’s franchised dealer system.
Consumer Reports, seeking to understand how costs increase over time and differ by brand, asked members in its 2023 Annual Auto Survey how much they paid out of pocket for maintenance (oil changes, etc.) and repairs in the previous 12 months.
Source: autonews.com