Carvana expects smaller core loss, shares jump
Carvana Co. said on Wednesday it expects a smaller core loss in the current quarter due to a raft of cost-cut measures it implemented amid falling used-car sales, sending its...
VW warns of big earnings drop from loans and leases
Volkswagen AG's financial-services division forecast a substantial drop-off in annual profit as better access to semiconductors and other components leads to normalization in the used-car market. Earnings in 2023 are...
GM must face federal class actions over defective transmissions
A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors of producing faulty transmissions for about 800,000 vehicles from the 2015 to...
A third of Americans would consider purchasing an EV
WASHINGTON, March 21 (Reuters) - A bit more than one-third of Americans would consider buying an electric vehicle for their next model, a new Reuters/Ipsos poll found. The seven-day poll...
More 2021-23 Hyundai Palisades recalled for windshield wiper failure
Hyundai Motor America is recalling more than 167,000 2021-23 Palisade vehicles in the U.S. for possible windshield wiper failure. The recall is an expansion of a previous recall for the...
German prosecutors probe two Mercedes employees
BERLIN -- German prosecutors are investigating two Mercedes-Benz employees for suspected corruption and conducted searches late last week at the automaker's factory in Sindelfingen as part of their investigation, the...
EV plans could ignite new supplier buyouts
The pace of supplier mergers and acquisitions could soon pick up as companies attempt to reposition themselves for the electric vehicle era and as private equity firms seek to put...
Car dealerships sell in New York, Iowa, New Jersey and Illinois
First-time franchised dealer buys store in New Jersey A new owner purchased his first franchised dealership a month after turning 28 in a deal that relocates the store. George Georgeadis...
NHTSA upgrades Ram truck probe, opens Honda Civic probe
WASHINGTON — The nation's top auto safety regulator has upgraded its investigation of high-pressure fuel pump failures in certain heavy-duty Ram diesel trucks. According to a document made public Tuesday,...
EVs remain too expensive and impractical for most Mexicans
Hernandez said drawbacks included a lack of subsidies for buyers, high costs for installing charging devices at homes and a shortage of public charging stations, vital for longer journeys. Unlike...