Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined.
Continue Reading the above article 'Ford Q1 net income falls 24% to $1.3 billion; reve...
Reaction to the UAW's victory in Chattanooga quickly took shape on social media and in Tennessee, where the Republican governor said workers made a mistake.
Continue Reading the above article 'Joy and angst: Reaction from the UAW's historic wi...
SES AI, a U.S. maker of electric vehicle batteries, aims to bring its next-gen lithium metal batteries to market as early as 2026 and is turbocharging the drive through a new agreement to jointly build and test the technology with South Korea's Hyundai Motor Group.
Continue Reading the above article 'U.S. EV battery upstart, Hyundai-Kia close in on l...
Honda's new family of all-electric vehicles, called the Ye Series, goes on sale in China this year and advances the Japanese carmaker toward a next-generation of software-powered EVs that are bound for the U.S. and other markets.
Continue Reading the above article 'Honda's new Ye Series EVs for China foreshadow U.S...
Group 1's net income fell, while revenue and new- and used-vehicle sales grew.
Continue Reading the above article 'Group 1 net income falls nearly 7% in Q1 as compan...
Lithia Motors said it sold 188,119 new and used vehicles, with gross profit per vehicle dropping 22% to $4,346 in the first quarter.
Continue Reading the above article 'Lithia Q1 net income down 28% as 'normalization' r...
After eight consecutive years as the highest-paid Detroit 3 CEO, Barra's compensation trailed the $39 million Stellantis shareholders approved for Carlos Tavares.
Continue Reading the above article 'CEO Mary Barra's pay declined 3.9% to $27.8 millio...
The ID UX subbrand is the automaker's bid to recapture market share lost to local rivals such as BYD. VW also showed the ID Code crossover concept ahead of the Beijing auto show.
Continue Reading the above article 'VW to launch youth-focused EV brand for China...
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible.
Continue Reading the above article 'Vroom CEO: ‘Gut-wrenching' decision to end onlin...
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week.
Continue Reading the above article 'Judge deals blow to Stellantis in supplier pricing...