Tesla’s U.S. growth slows as competitors rise
Wall Street analysts have mostly applauded the price cuts, touting Tesla's ability to undercut rivals who are unwilling or unable to sacrifice profit margins for volume. Tesla's stock price is...
EPA’s car pollution rules may drive EV sales to 67% by 2032
WASHINGTON — The EPA on Wednesday unveiled its strictest-ever limits on vehicle tailpipe pollution, a regulatory move that could spur greater sales of electric vehicles in the U.S. The proposed...
Former MLB players buy and sell Midwest car dealerships
Dorsett Automotive acquires Dodge-Ram store in Indiana Brian Dorsett, a former MLB catcher, added a third franchised store to his Dorsett Automotive Group with the acquisition of Vigo Dodge-Ram in...
Ford Oakville plant’s switch to EVs will start in 2024
Ford Motor Co. on Tuesday said the previously announced $1.3 billion transformation of its Oakville Assembly Plant for electric vehicle manufacturing will begin in the second quarter of next year...
GM leads $50M funding round in EnergyX
General Motors' venture capital arm will lead a $50 million Series B funding round into Energy Exploration Technologies Inc., known as EnergyX, a startup that specializes in lithium extraction technology,...
How Energy Department wants to change EV fuel economy formula
WASHINGTON — The U.S. Energy Department is proposing an update to a decades-old calculation that determines the petroleum-equivalent fuel economy of electric vehicles for NHTSA's fuel economy standards. The proposed...
Obituary: Former Hendrick CEO Edward Brown III dies at 74
Edward Brown III, a former banking executive who spent the last decade of his career leading Hendrick Automotive Group as CEO, died April 3 at age 74. Brown had non-Hodgkin...
Capital One stops car dealer floorplan lending
Capital One has decided to terminate its auto dealer services business offering floorplan lending. "We will be winding down that work this year," a Capital One spokesperson told Automotive News...
Union opposes driverless trucks exemption for Waymo, Aurora
WASHINGTON - A major transport union on Tuesday opposed a request filed by Alphabet's self-driving unit Waymo and autonomous driving technology company Aurora for an exemption from rules on warning...
Top purchasing, supplier execs to speak at charity golf event
DETROIT — Three top North American purchasing executives and two top supplier CEOs are scheduled to speak during a June 12 roundtable discussion as part of a longtime charity golf...