Page 17 - Wards Intelligence News Today

Is Tesla laying off 10% of its workforce a harbinger of doom? Elon Musk is probably correct and a recession is coming

Slumping new vehicle sales in the US last month, due to continued high prices and low inventories, have some analysts worried that the lower-than-expected results could be a harbinger of a broader economic downturn. Sales of new vehicles fell to 12.8 million at a seasonally adjusted annualized rate, representing an 11 percent drop from April, data compiled by Wards Intelligence showed. That is the lowest level since December last year and reflects shrunken inventories amid a persistent shortage ...

The new Ioniq 5 battery-electric vehicle and hybrid and plug-in-hybrid variants of Tucson and Santa Fe CUVs are boosting the brand’s 2022 volume.

Buick's dramatic Wildcat EV concept won't see production, but elements of it will show up in new models to come.

Not to be overlooked are the Kona EV and plug-in hybrid versions of the Hyundai Santa Fe and Tucson.

Democrats see electric vehicles as an answer to climate change, and high fuel costs mean more Americans are interested. But inflation and a shortage of new cars are making that transition painful.

An auto industry panel delves into “democratizing electrification.”

The ’23 Kia Soul lineup loses two trim levels and some funky design elements, but it’s still a solid, economical daily driver.

General Motors becomes the first foreign automaker to leave Russia since the Ukraine conflict began Feb. 24.

Genesis and its parent-brand Hyundai were the stars of the 2022 New York Auto Show.