BEIJING (AP) — The Chinese government is signaling enough is enough when it comes to the fierce competition in the country’s electric car market. China’s industrial policy has engineered a remarkable transformation to electric vehicles in what is the world’s largest auto market. In so doing, it has spawned far more makers than can possibly…
Rivian Automotive reported a 22.7% drop in second-quarter deliveries, reflecting weakening EV demand amid high interest rates, rising production costs, and policy shifts. The company delivered 10,661 vehicles in Q2, but produced only 5,979, which was well below analyst expectations. While Rivian reaffirmed its annual forecast, the loss of federal EV tax credit benefits and…
149 electric models now available for sale in U.S. EVs: 9.6 percent of new U.S. light-duty vehicle sales in Q1 2025, down 1.3 percentage points from Q4 2024 EVs: 2.1 percent of vehicles in operation Gas-powered vehicle market share down 4.6 points in Q1 from prior year; down 23 points since 2016 Charging infrastructure lags:…
In a pivotal victory for auto dealers and manufacturers, President Donald Trump signed a resolution blocking California’s Advanced Clean Cars II (ACC2) mandate, which aimed to require 100% zero-emission vehicle sales by 2035. Joining us on the latest episode of Inside Automotive, Brian Maas, President of the California New Car Dealers Association, breaks down what…
More Americans want to buy used cars due to tariffs – CBS News Watch CBS News A new survey from auto researcher Edmunds shows 58% of respondents are more interested in buying a used car because of tariffs. Kelly O’Grady reports. Be the first to know Get browser notifications for breaking news, live events, and…
Los Angeles — Getting to work is work for Franchescoli Andrade, who rides his bike, hops on a train and then takes a bus every day. His 20-mile journey from South Los Angeles to the San Fernando Valley takes about 90 minutes each way. “Half an hour just to get to downtown, to get to…
Ford Motor is recalling 273,789 Lincoln Navigator and Ford Expedition vehicles because of a poorly installed front brake line that may lead to reduced brake function increasing the risk of crash, the National Highway Traffic Safety Administration said in recall dated May 9. Affected vehicles may have “a bent brake line” that could come into contact…
Nissan is slashing about 15% of its global work force, or about 20,000 employees, as the Japanese automaker reported a loss Tuesday for the fiscal year that just ended amid slipping vehicle sales in China and other nations, and towering restructuring costs. Nissan said it will reduce the number of its auto plants to 10…
Trump’s 25% tariff on imported auto parts kicks in – CBS News Watch CBS News The latest shot in President Trump’s global trade war was fired on Saturday. New tariffs on imported car parts took effect but the economy proved resilient. Willie James Inman has the latest. Be the first to know Get browser notifications…
Car buyers say they are not racing to the dealership amid tariffs – CBS News Watch CBS News Car manufacturers are already reviewing their 2026 lineup. However, President Trump’s tariffs are giving buyers some pause. Industry experts say even if you’re not buying a car yourself, it will cost you. CBS News New York’s Ali…