Senator-elect Bernie Moreno, a former dealer and factory executive, says he wants to scrap policies that produce “cars people don’t want." +
The decision to eliminate the $7,500 consumer tax credit has led to speculation that a repeal could give Tesla an edge over competitors like Ford and GM. +
2024 is shaping up to be a record-breaking year for product recalls, impacting the auto industry and beyond. +
Tesla recalls early Cybertruck models to address a critical drive inverter defect that could cause the vehicle to lose all torque. +
The proliferation of EVs, with their higher average repair costs and susceptibility to weather, appears to be contributing to growing parts and service revenue. +
Volkswagen’s decision to bypass its U.S. dealer network and sell Scout Motors EVs directly to consumers drew a swift rebuke from national and state dealer associations. +
Hybrid cars are currently the king of the lot in terms of holding their value, with used EVs coming in last behind gasoline-powered vehicles. +
