Lincoln plans to buy out another 100 US dealers in 2024

Ford’s luxury brand is streamlining its sales network to match supply and demand.

By Eric Walz • Jan. 29, 2024

Hyundai raked in record profits in 2023

Despite last year’s success, the automaker is taking a cautious approach in 2024 as high interest rates and a global economic slowdown threaten new vehicle sales.

By Michael Brady • Jan. 26, 2024

Stellantis acquires CloudMade’s AI technology for software-defined vehicles

More than 40 engineers and software developers will join the automaker as part of the deal.

By Michael Brady • Jan. 26, 2024

Tesla warns of growing competition from automakers in China

CEO Elon Musk suggested increasing trade barriers could help fend off competition.

By Eric Walz • Jan. 25, 2024

EV battery research gets $131M funding boost

More than half the Energy Department funding is for 27 projects working on increasing EV driving range, lowering battery costs and advancing on-board charging systems.

By Kate Magill • Jan. 24, 2024

Fisker says more than 100 dealers are interested in selling its EVs

The EV startup also said it would sell all its unsold 2023 vehicle inventory by the end of the first quarter of 2024 to improve its balance sheet.

By Eric Walz • Jan. 24, 2024

Cummins to spend $580M to upgrade North Carolina plant

The new equipment will expand the Rocky Mount plant’s ability to produce gasoline and propane engines.

By Sara Samora • Jan. 22, 2024

Goodyear names former Stellantis exec CEO

Mark Stewart, former chief operating officer of North America at Stellantis, will lead the automotive supplier’s corporate transformation as it seeks a return to profitability.

By Michael Brady • Jan. 22, 2024

Hyundai, Kia restructure R&D for mobility, software-defined vehicles

It’s the second time the automakers have reorganized their R&D efforts in the past year. 

By Michael Brady • Jan. 19, 2024

FTC pauses rule to fight dealer bait-and-switch tactics, junk fees

The National Automobile Dealers Association and the Texas Automobile Dealers Association sued the agency to block the rule from taking effect.

By Michael Brady • Jan. 19, 2024

Ford to cut F-150 Lightning production amid slowing demand

The automaker is also increasing Bronco and Bronco Raptor production to grow sales and profitability.

By Eric Walz • Jan. 19, 2024

Hertz reverses course on EVs

The company, which once said EVs would account for a quarter of its rental fleet by 2025, is selling 20,000 vehicles and replacing them with gas-powered cars.

By Dan Zukowski • Jan. 18, 2024

Consumer satisfaction with car buying experience the highest since 2020

Larger inventories, higher discounts and more streamlined purchasing experiences are making it easier and faster for consumers to get into a new vehicle, a Cox Automotive survey found.

By Michael Brady • Jan. 18, 2024

Biden administration awards $623M for EV charging, hydrogen buildout

The funding is a part of the federal government’s $7.5 billion push to build a national EV charging network.

By Robert Walton • Jan. 17, 2024

Sixt to buy up to 250,000 vehicles from Stellantis

The rental car company plans to buy a wide range of vehicle types, including city cars, SUVs and vans, from Fiat, Jeep, Peugeot and more.

By Michael Brady • Jan. 17, 2024

UAW president calls out Stellantis for laying off over 500 workers

The news could make it more difficult for the United Auto Workers to convince non-union autoworkers to join its ranks.

By Michael Brady • Jan. 17, 2024

Stellantis replaces its North America COO

Before joining Stellantis, Carlos Zarlenga served as president and CEO of General Motors South America.

By Eric Walz • Jan. 16, 2024

Stellantis invests in sodium-ion battery startup Tiamat

The technology uses no lithium or cobalt and could help Stellantis reduce its dependence on other countries, including China, for EV battery materials.

By Michael Brady • Jan. 16, 2024

The UAW won big for future EV battery plants

The United Auto Workers agreements with GM, Ford and Stellantis will likely increase labor costs for the Big Three as more EV battery plants open. 

By Kalena Thomhave • Jan. 16, 2024

Maximizing online automotive sales through smart payment processes

From sales to customer experience, here are the ways that B2B payments can be a source of growth.

Jan. 16, 2024

Automotive consumer trends in 2024

Buyers remain concerned about the price of EVs and a lack of a national charging infrastructure, hampering EV adoption.

By Michael Brady , Eric Walz • Jan. 10, 2024

EV startup Vinfast swaps CEO, board leadership

The shift comes as the fledgling automaker seeks to grow its U.S. sales.

By Michael Brady • Jan. 9, 2024

Transportation tech, challenges on agenda for new US DOT advisory committee

The wide range of experts will advise the agency in what Transportation Secretary Pete Buttigieg called a time of “unprecedented” challenges and opportunity.

By Dan Zukowski • Jan. 5, 2024

CHIPS and Science Act not enough to strengthen the semiconductor industry: CSCMP report

The industry group's recent report stressed the need for more investment to fortify the country's chip supply.

By Kate Magill • Jan. 5, 2024

GM to provide $7,500 incentive for EVs that lost tax credit eligibility

The move aims to help General Motors dealers sell EVs until more of its models are eligible for federal clean energy vehicle tax credits.

By Michael Brady • Jan. 4, 2024