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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 StaffDecember 16, 2022

Texas Discretionary Allocation Suit Decided

Court rules that Hyundai’s discretionary allocations weren’t unreasonable.

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Newsby StaffDecember 15, 2022

ZeroSum Dealers’ Market First Report: 2022 Automotive Inventory Trends That Matter in 2023

From inventory and pricing trends to future predictions, this report provides everything auto dealers need to know to prepare for a successful year in 2023.

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Newsby StaffDecember 15, 2022

KBB Announces Winners of 2023 Best Buy Awards

NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner.

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Newsby StaffDecember 14, 2022

New Mazda SUV Part of Industry Electrification Trend

Details of CX-90 to be fully revealed in January.

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Newsby StaffDecember 14, 2022

Used Vehicle Prices Drop as Other Costs Remain High

The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices.

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Newsby StaffDecember 14, 2022

N.C. Stores Bought From One of Top U.S. Groups

Hudson Automotive buys nine from Asbury.

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Newsby StaffDecember 14, 2022

Redwood Materials to Build S.C. Battery Manufacturing and Recycling Facility

The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually.

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Newsby StaffDecember 13, 2022

AutoNation Picks Up Mobile Repair Service

RepairSmith acquisition boosts its offerings and opens up new customer opportunities.

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Newsby StaffDecember 12, 2022

U.S. Energy Department Finalizes Loan for GM Battery Venture

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities.

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Newsby StaffDecember 12, 2022

Toyota to Adjust EV Strategy

The automaker plans to adjust its electric vehicle strategy and provide it to key suppliers early next year, report people close to the project.

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