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Sony-Honda venture cancels two planned models, the first of which had been pegged for a mid-2026 California delivery debut. The brand’s direct sales had been challenged by the state’s auto dealers, but the venture cites Honda’s EV retreat.
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Groups in three states file complaints over required investments, restrictions.
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Its EV lineup, though, surges, positioning it just behind Tesla, brand says.
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Mazda Motor Corp. reports sufficient parts inventories will keep production status quo despite COVID lockdowns at Chinese suppliers.
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But analysts predict used vehicle prices will remain higher than pre-pandemic prices for years to come.
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Kia breaks its November record, Subaru leads pack with 52% jump.
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Last week was a short week with the Thanksgiving holiday, and the auction results reflected this with the level of declines continuing, but at the lowest level we’ve seen since the third week of July.
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The Vietnamese automaker has shipped 999 cars to the United States. The vehicles are expected to arrive in December.
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Carmaker lays out plan to help dealers transition to electrification, with no investment targets specified.
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Hyundai may not maintain its EV sales momentum if it can no longer qualify for U.S. tax credits under the Biden Administration’s Inflation Reduction Act.
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For the first time in recent history, some vehicles have appreciated in value or depreciated less than expected, finds a recent iSeeCars study.
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