EVs Pile Up On Dealer Lots As Manufacturing Accelerates
Kelly Blue Book parent company Cox Automotive has released data showing that at the end of the second quarter, American car dealers had over 92,000 electric vehicles (EVs) on their…
Tesla Offers Rebates On Top Of Price Cuts In China
On Friday, Tesla announced that in China, if a new buyer could show a referral from an existing owner of a Tesla vehicle, the company would offer a cash bonus…
In Britain, Electric Car Fueling More Expensive Than Gas Or Diesel
As electricity costs have soared in Britain, drivers are finding so too has the cost of driving environmentally friendly electric vehicles (EVs). Now it is more economical to drive gasoline…
Ford Explorer Recall Being Investigated By NHTSA
A recall by Ford Motor Co. of over 250,000 Explorer SUVs in the United States is being investigated by the National Highway Traffic Safety Administration, after customers complained that repairs…
Car Exports From China Surge
In the first five months of 2023, Chinese carmakers sold 1.76 million automobiles, an increase of 81.5% compared to the same period one year prior, according to statistics from the…
Blink Charging Offering Fast Charger With Tesla Port
On Monday, electric vehicle charging equipment manufacturer Blink Charging said that as the industry heads away from the standard of the Combined Charging System connector used by many automakers, it…
Short Sellers Crushed As Carvana Surges
As Carvana has continued its surprising turnaround, short sellers were left sitting on massive losses after the company’s 50% surge on Thursday. The stock was more volatile in Friday’s trading,…
Tesla Partners With GM On Charging Access
On Thursday General Motors (GM) announced that it will be partnering with Tesla (TSLA) to offer access to Tesla’s Supercharger network to its customers. The announcement comes just a couple…
Advanced Auto Parts Shares Fall As EPS Forecast Is Slashed
On Wednesday, following a cut to its full-year guidance, and a reduction in its dividend, Advanced Auto Parts (AAP) closed down a massive 35%. The auto parts retailer widely missed…
GM To Invest Over $1 Billion In ICE Heavy Duty Truck Production
As the auto industry rushes to gain market share in the electric vehicle sector, not all automakers are giving up on the internal combustion engine. General Motors has announced it…
