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Automobile
GMC Hummer EV price to increase by $6,000 on new reservations
TrueCar estimates that the average transaction price rose 14 percent in May to more than $44,000 industrywide. At GM, the average transaction price for a new car or light truck last month was $50,566, up 9.1 percent over May 2021,…
Toyota shows off Compact Cruiser EV concept in new images
Toyota says the concept "borrows a number of styling cues from the legendary first-generation Land Cruiser including an iconic off-road silhouette and simple, strong body sections." There are hints of the RAV4 crossover, as well,…
First Shift: $81M investment for Cadillac's Celestiq EV
• GM's Cadillac Celestiq EV investment
• Employee discount fraud at Stellantis?
• American Axle: No sale planned
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Volvo shuffles executive ranks | Automotive News
Volvo CEO Jim Rowan has made sweeping changes to his leadership team, naming two deputy CEOs and moving four of the 11 executives off the automaker's highest management tier, as Volvo gears up to become an electric-only brand by 2030.…
Tesla CEO Elon Musk hit with lawsuit for allowing ‘toxic’ work culture
A Tesla Inc. investor accused the electric-vehicle maker's officers and directors in a lawsuit of allowing a "toxic workplace culture" to fester at the company.According to the complaint filed Thursday by stockholder Solomon Chau in…
Subaru, Kia, Honda, Chevy and Stellantis dealerships sell in acquisitions in four states
Ciocca Dealerships of Quakertown, Pa., has purchased a Subaru-Kia dealership in Ewing Township, N.J.Ciocca on June 7 bought Scott Harvey Subaru-Kia from dealer Scott Harvey of the Scott Harvey Auto Group. The dealership, which features…
Upcoming Kia EVs will stir up more buyers
"We're going to be launching these into some of the bigger segments," Watson said, referencing the fast-growing midsize crossover segment. Last year, U.S. sales of midsize crossovers were nearly 1.5 million, representing nearly a tenth…
NHTSA’s ADAS, automated-driving data useful despite caveats
NHTSA does not currently require companies subject to the order to report vehicle miles traveled or fleet size but could consider updating its crash-reporting requirements to include more contextual information. In the meantime, the…
Energy Department’s States ‘off to the races’ on EV charging infrastructure
WASHINGTON — As the federal government moves forward with a plan to build a nationwide charging network for electric vehicles, it's "off to the races" for states looking to soothe consumer range anxiety.
"This is not going to be the…
Credit Acceptance agrees to $12 million lawsuit settlement
Credit Acceptance Corp. has agreed, "in principle," to pay $12 million to settle a lawsuit brought by shareholders.
The subprime auto lender announced the proposed settlement in the federal securities case — brought by various pension…