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Afeela EV Brand Fails to Leave the Factory

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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Newsby StaffOctober 26, 2022

Down Economy Requires Dealers to Up Their Game, Say Experts

In a down economy, industry experts recommend dealerships offer a range of finance and vehicle options to address budgetary concerns.

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Newsby StaffOctober 25, 2022

Black Book: Market Insights Report

Used Retail Prices are more accessible than in years past, due to the proliferation of ‘no-haggle pricing’ for used-vehicle retailing. Transparent pricing upfront makes the car buying process more enjoyable for customers and allows Black Book to accurately measure retail market trends.

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Newsby StaffOctober 25, 2022

Cox Automotive October Forecast: New-Vehicle Inventory Levels Are Improving, But Sales Remain Low

According to the Cox Automotive forecast released today, October’s U.S. new-vehicle sales volume is expected to rise over 4% from last year and finish with 1.11 million units sold, delivering a sales pace for October of 14.3 million.

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Newsby StaffOctober 24, 2022

Hyundai to Focus on Luxury Models, SUVs and EVs

Hyundai Motor Co. will focus on luxury models, SUVs and electric vehicles (EVs) to achieve record-high earnings in 2022.

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Newsby StaffOctober 24, 2022

Renault SA and Nissan Negotiate Partnership Overhaul

Renault SA and Nissan Motor Co. debate technology sharing as they negotiate an overhaul of their decades-old partnership.

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Newsby StaffOctober 24, 2022

Ford Positioned for Future Growth

The steps Ford is taking now to cut costs and boost revenue could pay off in big dividends in the future.

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Newsby StaffOctober 21, 2022

Supply Chain Challenges Slow EV Adoption in Government Agencies

Federal agencies would have purchased more EVs had it not been for supply chain hurdles, the White House reported.

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Newsby StaffOctober 21, 2022

Automakers Drive Up Spending on EV and Battery Development

Automakers will spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, EV batteries and raw materials.

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Newsby StaffOctober 21, 2022

Toyota Cuts Fiscal-Year Production Target

Continuing chip shortage bedevils world’s biggest carmaker, which falls short of a new record.

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Newsby StaffOctober 20, 2022

BMW Leader Blasts Push to Phase Out Gas Powered Vehicles

BMW Board Chair Olive Zipse says the move will put vehicle ownership out of reach for many people, and could be politically dangerous.

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