Hyundai uses the EV tax credit leasing provision to stay competitive
Hyundai Motor Co. is making the most out a provision in the Inflation Reduction Act that allows automakers to pass along a $7,500 clean vehicle tax credit to buyers if...
GAP in auto financing exempt from the Military Lending Act
The U.S. Court of Appeals for the 4th Circuit on Wednesday affirmed a lower court's decision that bundling Guaranteed Asset Protection coverage does not make an auto loan subject to...
Used-car giant CarMax focuses on profits, cutting expense
In the wake of a quarter in which CarMax kept per-vehicle profits steady despite widespread affordability and economic concerns, the used-vehicle giant is pledging to focus on improving both its...
Rivian will speed up factory flow by making its own motors
Rivian is offering most configurations of its electric pickup and crossover with only the dual-motor setup. For example, the Enduro motors can be combined with three battery sizes on the...
Lucid Motors Q1: Production, deliveries fall from Q4
Lucid Group Inc. reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric...
Jeep Wrangler 4xe keeps increasing its dominance of PHEV market
Jeep's entrenchment in the PHEV market has become even clearer this year. Wrangler 4xe sales increased 72 percent in the first quarter, representing 38 percent of the total for the...
Self-driving requires trust that you’ll arrive safe and sound
SAN FRANCISCO — My first trip in a driverless vehicle went smoothly — until the car pulled over and ended the ride. I arranged to ride in one of the...
Hagerty specialty auto insurer cuts another 83 jobs
Affected employees will be eligible for severance pay, a benefit stipend and career transition services, the company said in a statement to Crain's Detroit Business, an affiliate of Automotive News....
Lack of electric vans opens door for Chinese, other makers
Seven of UK supermarket chain Asda's eight ECVs are Maxus models, the other is a Ford. Fleet manager Sean Clifton has 50 additional Ford vans and 20 Maxus vans on...
Nissan names new North American purchasing chief
Andrew Wareing, a 24-year Nissan veteran, takes over as purchasing boss for the Japanese automaker's Americas region starting May 1. Wareing, 53, will oversee purchasing for Nissan's operations in the...