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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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Supply chain challenges rising from the war in Ukraine could make electric vehicles (EV) more expensive to build as raw material prices shoot up.
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Enhanced Vehicle Matching and VIN Decode technology enhance customer experience.
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The Ukraine War will lower global light-duty vehicle production through next year by millions of units, predicts the automotive research firm.
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BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
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Volkswagen Group will shift production to China and North America after wire harness and other material shortages from Russia's invasion of Ukraine impact European production.
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By sharply reducing fleet sales, Hyundai can deliver more inventory to dealers.
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Hyundai has announced an influx of new investments in the Asia-Pacific, Europe, and North America to fast-track the company’s EV business.
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BMW will gradually resume production at its Munich and Dingolfing plants next week after suspending production over supply chain shortages.
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In January, Tesla Inc. lead U.S. luxury market sales, lapping segment leader BMW in new vehicle registration, finds Experian data.
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Facing a slow start to the year, and with concerns over inflation and the economy, automobile dealer sentiment softened in Q1, marking the third consecutive quarter-over-quarter decline in current market sentiment.
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