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EV sales likely won’t meet demand due to supply chain snags
Automakers are trying to keep up with — or get ahead of — demand, committing tens of billions of dollars to new EV assembly plants and battery factories set to open in the coming years.
But those plants account for only part of the…
EV adoption faces many speed bumps
EV consumer interest might not translate into as many sales as automakers and regulators would hope. Supply chain snags are likely to prevent the industry from meeting growing demand.
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U.S. car dealers seeking LIFO tax relief gain more support with Senate bill
Brown's action comes after U.S. Rep. Dan Kildee, D-Mich., introduced similar legislation in the House this month.
Kildee's bill would allow dealerships to wait until as late as 2025 for their inventories to be replaced to determine the…
Ford cuts 580 salaried, agency jobs in the U.S.
Ford earlier this year separated its business into two divisions to focus on gasoline and battery-powered vehicles. Executives at the time did not rule out job cuts.
"There's going to have to be a change in the skill mix," Kumar…
Toyota GR Supra will offer manual transmission for enthusiasts
When it reintroduced the Supra in 2019 for the 2020 model year after a 17-year absence, Toyota installed an eight-speed automatic transmission. The fifth-generation Supra is one of three cars under Toyota's Gazoo Racing brand. The GR 86…
Musk beats claims by investors that SolarCity deal was improper
Tesla Inc. co-founder Elon Musk won't have to hand over as much as $13 billion in shares of the EV maker he got in a buyout of SolarCity, after a judge found he isn't liable for backing the deal.
Delaware Chancery Court Judge Joseph…
Porsche introducing limited-edition 911 | Automotive News
Porsche is introducing a limited-production version of the "ducktail" 911.
The sports car maker will build 1,250 of the 911 Sport Classic, which pays homage to the 1970s-era 911 Carrera RS 2.7
The 911 Sport Classic, based on the…
U.S. prosecutors ask judge in Brockman tax fraud case to disregard defense filing about cognitive…
Brockman, 80, contracted COVID-19 in December and was hospitalized in January with acute prostatitis and toxic metabolic encephalopathy, Brockman's lawyers wrote in their recent filing. They added that the new health issues sped up his…
U.S. prosecutors ask judge in Bob Brockman tax case to disregard defense filing about cognitive…
Brockman, 80, contracted COVID-19 in December and was hospitalized in January with acute prostatitis and toxic metabolic encephalopathy, Brockman's lawyers wrote in their recent filing. They added that the new health issues sped up his…
Ford Q1 earnings: $3.1 billion net loss tied to Rivian stock plunge; execs affirm full-year outlook
DETROIT — Ford Motor Co. posted a first-quarter net loss of $3.1 billion attributable to a drop in the value of its Rivian stake but affirmed guidance for the year despite continued production limitations.
Ford was profitable before…