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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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The price of lithium carbonate, a key EV battery component, has tripled over past year as demand spikes.
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The seasonally adjusted annual rate is estimated to be near 36.2 million, down from last August’s 40.8 million level and below July’s revised 38.3 million pace.
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Automaker won’t offer retailers buyouts as some brands have, but it will introduce sales requirements.
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No-haggle prices and sizeable investments in charging infrastructure are required to sell the automaker’s electric vehicles.
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Revised law approved by voters in 2020 was intended to enable independent repair shops to diagnose, repair vehicles, not just dealers.
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The Estimated Average Weekly Sales Rate continued its descent, hitting 58% last week. The Estimated Average Weekly Sales Rate hasn’t been below 60% since February of 2021.
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Ford, BMW say recycled fishing netting going into some parts. BMW says the material has a 25% lower carbon footprint.
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High-level delegations discuss how they can eat into Asia dominance in semiconductors and batteries for EVs
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The report, based on Cox’s analysis of Motor Intelligence data, reported 211,609 CPO sales in August.
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Two days of bargaining produce no agreement after employees complain about HVAC system and other concerns.
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