Page 5 - Mark Wakefield News Today

The US electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers' dealerships or to allow Tesla to avoid new price cuts, according to analysts and industry data.

The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to prevent unsold EVs from stacking up at some automakers dealerships or to allow Tesla to avoid new price...

By Joseph White and Ben Klayman DETROIT (Reuters) -The U.S. electric vehicle market is growing, but not fast enough during the latest quarter to preve...

U.S. light-vehicle sales are on track to reach 15 million units this year, a healthy gain from 13.9 million in 2022.

The escalating rivalry creates a challenge for officials like Treasury Secretary Janet Yellen, who is making her first visit to Beijing Thursday.

A shuttered Illinois Jeep assembly plant will be at the center of a power struggle between the United Auto Workers union and Detroit's automakers as the manufacturers double down on cutting costs to fund an accelerated transition to electric vehicles. When the Stellantis factory in the northern Illinois town of Belvidere was idled in February, it left union members in shock as they had not expected the shutdown until June. "They wanted to reduce us even more which seemed like an impo...

Belvidere: Detroit automakers and the United Auto Workers union are preparing for a contentious agenda as they begin negotiations to replace an expiring four-year contract mid-July. The union, led by UAW President Shawn Fain, has emphasised that jobs must not be lost because of the shift to Electric Vehicles, while executives have warned that billions of dollars will be lost on EVs.

Auto industry investment firm AlixPartners says legacy automakers are losing market share in China by not offering the latest ADAS technology.

For much of the last decade, electric-vehicle leader Tesla Inc. has been the disruptive force in the automotive industry. But in the coming years, Chinese automakers are likely to become

In addition to the $80,000 pickup or SUV chock-full of the top tech afforded by the highest trim levels, automakers are finally selling cheaper cars.