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Ford reports its best quarter and yearly U.S. sales since 2019
Ford Motor Co. reported strong U.S. sales results for the fourth quarter and the full year, crediting the gains to a wide-product lineup offering various trim levels and powertrains to meet a range of customer needs and pocketbooks. Ford reported on Jan. 6 that it had its best annual sales and fourth quarter performance since […]
US auto sales defy regulatory uncertainty to rise 2% in 2025, analysts forecast
DETROIT, Jan 5 (Reuters) – Sales of new cars in the United States rose about 2% in 2025, analysts estimate, defying extraordinary disruptions all year in an industry where “black swan” events have become routine. Several automakers on Monday reported strong December sales to close out the year. Toyota Motor notched an 8% increase in […]
Tesla loses EV crown to China’s BYD as competition, tax credit expiry hit demand
Jan 2 (Reuters) – Tesla ceded its crown as the world’s top electric vehicle maker to China’s BYD, after annual sales fell for a second year, hit by rising competition, the expiry of U.S. tax credits and brand backlash. With global EV sales rising 28% last year, BYD outsold Tesla for the first time on […]
Scout Motors picks Charlotte for new corporate headquarters
After investing over $2 billion in South Carolina, an electric vehicle manufacturer has chosen to cross state lines for its corporate headquarters. Scout Motors, which is building a $2.3 billion production center for its all-electric SUV and pick-up in the Midlands, will locate its corporate hive in Charlotte. The news comes just two months after […]
Tesla Cybertruck chief exits after eight years
Tesla’s Cybertruck and Model 3 leader Siddhant Awasthi leaves after eight years with the automaker, he announced on LinkedIn.
Musk the trillionaire? Debate over his Tesla pay package rages
Tesla shareholders will vote on Elon Musk’s record $1 trillion pay package as critics cite excess and supporters call him indispensable to Tesla’s future.
GM to lay off 1,700 workers amid slowing EV demand
General Motors is cutting about 1,700 jobs in Michigan and Ohio as slower EV demand and regulatory shifts reshape production plans.
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
Tesla reports surprise increase in car sales in the third quarter
Tesla Q3 sales rose 7% to 497,099 vehicles, rebounding after declines as buyers rushed to use the expiring $7,500 EV credit.
475 detained in record immigration raid at Hyundai site
U.S. officials detained 475 people in a raid at Hyundai’s Georgia EV plant, the largest single-site immigration enforcement in 20 years.
Elon Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years
Tesla asks investors to approve a $1T pay deal for Elon Musk, tied to hitting market cap, production, and delivery milestones by 2035.
Ford hits the pedal on EV production with $2 billion overhaul of Kentucky plant
Ford will invest $2B to retool its Louisville plant for affordable electric trucks, aiming for profitability and faster production by 2027.
