ICYMI: Volkswagen is considering a significant investment in the U.S. as tariffs affect its earnings. Tesla’s market share in the U.S.EV sector has dropped to its lowest level in eight years due to increasing competition. Stellantis has reinstated a third shift at its Windsor facility, while General Motors has postponed its planned cuts in Oshawa due…
On the Dash: Lucid confirmed a third midsize EV, based on the Gravity X concept, priced around $50,000, targeting the Tesla Model 3 and Model Y market segment. The Gravity X concept features off-road upgrades and premium interior touches, with production expected to start in early 2027 for the SUV, followed shortly by a midsize…
On the Dash: At $45,000, the R2 brings Rivian closer to mainstream buyers, signaling more attainable EV options for customers. Higher import costs and the loss of tax credits will affect Rivian’s pricing power, potentially influencing how dealers position EVs. Plant upgrades in Illinois and Georgia show Rivian’s push toward scale, which could stabilize availability…
Buying a new car has never been more financially daunting. A 2025 analysis from Edmunds found that a record 19.3% of consumers who financed a new vehicle in the second quarter of 2025 committed to a monthly payment of $1,000 or more. That’s nearly one in five buyers taking on what was once considered an…
Ford Motor is recalling more than 103,000 F-150 pickup trucks over an issue with the vehicles’ axle hub bolts that can cause the vehicle to roll away when the parking brake is not applied or cause a loss of driver power. “Both of these conditions can increase the risk of a crash,” the National Highway…
Ford is investing $5 billion to change the way it makes electric vehicles, a move the automaker says will allow it to manufacture models starting at $30,000 — far less than the current average price for an EV. The Dearborn, Michigan-based company on Monday said it will invest $2 billion to modernize its Louisville Assembly…
TOKYO (AP) — Asian shares were mostly higher in muted trading Wednesday, after discouraging signs about the U.S. economy sent Wall Street shares declining, and Investors are sifting through a slew of corporate earnings reports to assess how businesses may have been affected by U.S. President Donald Trump’s tariffs. Among Japanese companies, automakers Honda Motor…
EVgo has secured a $225 million senior secured, non-recourse credit facility from five major banks, positioning the EV charging company to rapidly grow its national network by adding more than 1,500 new DC fast chargers. The deal includes an option to increase the credit line by $75 million to support further expansion. Stakeholders are hailing…
NEW YORK (AP) — The fallout from Elon Musk’s plunge into politics a year ago is still hammering his Tesla business as both sales and profits dropped sharply again in the latest quarter. The car company that has faced boycotts for months said Wednesday that revenue dropped 12% and profits slumped 16% in the three…
The fallout from Elon Musk’s plunge into politics a year ago is still hammering electric vehicle-maker Tesla, as both sales and profits dropped sharply again in the latest quarter. Tesla revenue dropped 12%, and profits slumped 16% in the three months through June as buyers continued to steer clear, and in some cases, turn to…