New cars, once part of American dream, now out of reach for many
The average price of a new vehicle in the United States has risen 30 percent over the past three years, according to Kelley Blue Book, pricing more Americans out of the new car market.
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Stellantis to offer buyouts amid electric vehicle transition
Another automaker is trying to cut its workforce to trim expenses and stay competitive as the industry makes the long and costly transition to electric vehicles.
Honda outlines ambitious global strategy for electric cars
Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year and a bigger EV with a new platform in 2025, a year earlier than initially announced.
GM, Samsung plan new EV battery cell factory in U.S.
The companies said they plan to invest more than $3 billion in an electric vehicle battery cell plant that is expected to begin operations in 2026.
New UAW leader already has issues with Detroit automakers
Indiana native Shawn Fain, who took office in March after workers voted to sweep out most of the union’s old leadership, listed grievances with Stellantis, General Motors and Ford in a wide-ranging talk Friday.
Fewer electric vehicles qualify for federal tax credits under new rules
The new list includes a total of 16 domestically manufactured models, with just 10 of the models qualifying for the full $7,500 tax credit.
McLaren head remains supportive of Andretti joining F1
Michael Andretti’s bid to join Formula One has met fierce resistance through the F1 paddock as teams are opposed to expanding the grid because it would dilute the pot of money for which the 10 current teams compete.
EPA proposes strict emission limits to boost U.S. electric vehicle sales
The proposed regulation, announced Wednesday by the EPA, would set tailpipe emissions limits for the 2027 through 2032 model years that are the strictest ever imposed—and call for far more new EV sales than the auto industry agreed to less than two years ago.
EPA car rule expected to mandate huge increase in EV sales
The proposed regulation, to be released Wednesday by the EPA, would set greenhouse gas emissions limits for the 2027 through 2032 model years for passenger vehicles that would be even stricter than goals the auto industry agreed to in 2021.
About 5K GM salaried workers take buyouts, avoiding layoffs
The decision to offer buyouts comes at an uncertain time for the auto industry, which is in the midst of a transition from internal combustion to electric vehicles.
U.S. auto sales up 7.5% in 1Q despite rising loan rates
Supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane. To keep sales rolling, automakers might have to offer subsidized loan rates.
Jim Hallett leaving executive leadership at KAR after 30 years
Hallett is retiring from his positions as executive chairman and board chairman, the Carmel-based company announced Friday. He will remain a member of KAR’s board of directors.
Used-car prices, after finally easing, are back up again
With the supply of used vehicles failing to keep up with robust demand, prices are creeping up again, with signs pointing to further increases ahead.
Ford says EV unit losing billions, should be seen as startup
Ford Motor Co.’s electric vehicle business has lost $3 billion before taxes during the past two years and will lose a similar amount this year as the company invests heavily in the new technology. Those figures were released Thursday as Ford rolled out a new way of reporting financial results.
Honda moving Accord production to Indiana after 40 years in Ohio
The move of Accord production to Greensburg comes as Honda prepares for the production of electric vehicles and components primarily at facilities in Ohio.
U.S. probes Tesla Autopilot, steering wheels that can come off
The National Highway Traffic Safety Administration has been scrutinizing Teslas more intensely, seeking several recalls and opening investigations.
Stellantis announces profit-sharing bonuses, increased earnings
Stellantis employs about 7,000 people at plants in Kokomo and Tipton in Indiana.
Tesla to open up a portion of its charging network to all EVs
The aim is to give EV owners more freedom to travel, and it will include at least 3,500 of Tesla’s Supercharger stations—which tend to be near highways—as well as its slower Level 2 “destination chargers” at locations such as hotels and restaurants.
Ford to build $3.5B electric vehicle battery plant in Michigan
Gabby Bruno, director of economic development for Ford, said there was “no lack of competition for this project.” She said Michigan “competed against numerous states and countries” to secure the investment.
Another $237M granted to Honda battery plant project in Ohio
Honda had also considered Greensburg, Indiana, as a possible site for the plant before deciding on Ohio.