Solid sales gains in August point to a robust finish for the year as fear of a recessions in the auto business recede, interest rate cut looms on the horizon, and buyers take a closer look at hybrids and newer EVs. Sales of new cars and trucks continued to gain...
The United Auto Worker is preparing to spend millions of dollars on what is described as the most ambitious political program in decades to defeat Republican Donald Trump and put Democrat Kamala Harris in the White House.
The United Auto Workers is challenging the explicitly anti-union, and anti-workers language used by former President Donald Trump and Tesla CEO Elon Musk during an interview on Musk’s social media service X on Monday.
As the 2024 Presidential campaign moves into higher gear, the U.S. auto industry is once again at the center of the nation’s political conversation. There are numerous places where candidates Kamala Harris and Donald Trump conflict. But they suddenly seem to agree on one key issue – sort of – EVs.
Automakers post strong sales for July as the industry still deals with high interest rates and the aftershocks from the CDK computer hack.
There are a variety of problems slowing the growth of battery-electric vehicle sales. But as the range of the typical EV grows, while new models are coming in at more affordable prices, the lack of a viable public charging network is becoming the most serious headache for both EV owners and potential buyers.
Hackers blurred the sales picture for June. But it appears that overall demand was less than stellar, major brands like GM, Toyota and Hyundai reporting modest declines for the second quarter overall. That said, EV sales were stronger than anticipated — with one key exception.
Stellantis faces challenges and has lost ground in the U.S. CEO Carlos Tavares acknowledged during Thursday’s “Investors Day” conference, putting some of the blame on his own shoulders. But the carmaker’s flexible strategy and new products offer hope for the future and protect the company’s profitability, he promised analysts and shareholders.
Ford posts double-digit sales gain during May as EV and hybrids attract buyers.
Automakers post strong May sales numbers as they prepare for summer sales surge. Toyota and Lexus have strong showing while Kia and Hyundai bank on EVs.
President Joe Biden announces sweeping tariffs on Chinese goods as an ongoing trade war between China and the United States enters a key period with the outcome of the 2024 U.S. presidential election potentially becoming important wild card play.
Ford Motor Co. set a monthly record for sales of hybrid vehicles during April as its sales slipped last month as sales of the full-size F-150 pickup weakened.