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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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Now continent’s most valuable carmaker after blockbuster IPO.
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Carmaker blames supply-chain issues, inflation for nearly 11% increase.
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Company launched its digital marketing campaigns to consumers in the Dallas Metroplex area.
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After toppling GM last year, carmaker may be bumped down after facing market woes common throughout the industry.
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$300 million suit claims carmaker violated state franchise law by withholding inventory.
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The market continued its descent last week, with the level of decline still exceeding what is typically experienced this time of year.
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Judge scuttles tax-break package by local authority, which may appeal the ruling.
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AAA study finds technology chokes at higher speeds, moving vehicles in its path at intersections.
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Sales fall due to customer affordability concerns. Company offering lower-priced models, cutting its costs.
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Tesla plans to increase production of Model Y and Model 3 EVs in Q4 and keep growth going as newer factories in Austin and Berlin come online in 2023.
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