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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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Europe, China and North America will each have two plants that will produce round lithium ion cells for BMW.
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Japanese Industry Minister Yasutoshi Nishimura expressed concern that a new U.S. law on tax credits for electric vehicles may violate international law.
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Automakers have shifted to selling vehicles with better profit margins in the U.S. as supply chain shortages and shipping concerns dampen production.
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Sonic Automotive, Group 1 Automotive, the Lou Fusz Automotive Network, Barnes Crossing Auto Group, and Ed Morse Automotive Group all expanded their businesses recently.
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U.S. auto dealers see market weakness driven by inflation, economic anxiety, and tight inventory.
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Porsche SE, Volkswagen’s biggest shareholder, said it plans to scoop up 25 percent, plus one extra share, in carmaker Porsche AG voting stock when VW lists the sports car brand.
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The Stellantis brand announced plans for half of U.S. sales and all European sales to be fully electric vehicles by 2030.
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The market saw continued declines last week, with the overall rate of depreciation being consistent with what we have experienced over the last five weeks.
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The Motor Industry Vehicle Board in New Hampshire ruled that Subaru of New England “unreasonably withheld consent of sale” of Prime Subaru Manchester to Group 1 Automotive Inc.
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General Motors will offer buyouts to U.S. Buick dealers who do not opt in to the brand’s plans to be all-electric by 2030.
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