Advance Auto Parts closing hundreds of locations following sluggish performance
Advance Auto Parts announced that it will close over 700 locations, including corporate stores and independently-owned locations, as part of a financial restructuring effort.
Tesla issues sixth recall this year for Cybertrucks
Tesla is recalling 2,431 Cybertrucks over a potential issue with their drive inverters, according to a recall report submitted to the National Highway Traffic Safety Administration.
Rivian shares surge 15% after Volkswagen invests $5.8B as part of joint venture
Shares of Rivian jumped over 15% after the EV maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
US regulators place 1.4M Honda vehicles under investigation following concerns of engine failure
The National Highway Traffic Safety Administration is conducting an investigation regarding claims that engines could fail on as many as 1.4 million Honda and Acura vehicles.
Ford, veterans groups partner to hold Bronco Off-Roadeo for vets and their families
Ford partnered with several veterans groups to host vets, their families and survivors for a Bronco Off-Roadeo event where they drove off-road and built connections.
Bentley pushes back all-EV lineup timeline to 2035
Luxury automaker Bentley unveiled a change to its “Beyond100" initiative on Thursday, announcing it will now keep manufacturing plug-in hybrid electric vehicles (PHEVs) until 2035.
Volkswagen recalls over 114,000 Beetle, Passat vehicles due to risk of airbag inflator explosion
Volkswagen is recalling nearly 114,500 of its Beetle and Passat vehicles in response to the risk that their driver’s side airbag inflators could explode.
Stellantis to lay off 1,100 workers indefinitely
Stellantis, which has been working to reduce its inventory levels in North America, announced it was indefinitely laying off over 1,000 workers at its Jeep assembly plant in Ohio.
Nissan to cut 9K jobs, reduce CEO's monthly pay by 50% as company faces 'severe situation'
Nissan is cutting jobs and its CEO's pay after results from the first half of FY24 showed decreased consolidated net revenue and global sales volumes, and a .5% operating profit margin.
Auto Workers for Trump leader addresses Michigan rally after Ford Motors announces layoffs ahead of holidays
The founder of Auto Workers for Trump 2024 discussed the recent layoffs at Ford Motors as the former president made his latest appeal to voters in Michigan.
Ford recalls pickup trucks over potential rearview camera issue
Ford is recalling nearly 25,000 trucks because of an problem that could make the rearview camera system malfunction. The recalled vehicles are 2023-2024 F-250, F-350 and F-450 trucks.
Ford to pause production of F-150 Lightning pickup
Ford said it will temporarily pause production of the electric F-150 Lightning for several weeks amid sluggish consumer demand for EVs as the company continues to reassess EV plans.
Price gap between new and used cars hits all-time high
The gap between the average price of a new vehicle compared to a used car topped $20,000 for the first time last quarter, according to data from auto shopping guide Edmunds.
Massive lithium discovery in California could be boon for US supply
Massive lithium reserves discovered under California's Salton Sea could boost U.S. domestic supplies of the critical mineral used to make EV batteries and other technologies.
GOP Senate candidate vows to keep auto, manufacturing in US: It's a 'huge negative impact'
Republican candidate for U.S. Senate in Michigan Mike Rogers expresses confidence in Trump and congressional Republicans to win election majorities and details his priorities to protect Detroit's auto industry.
ETFs heavy in Elon Musk's Tesla
Tesla's results pleased investors as CEO Elon Musk applauded the automaker's progress and hinted that bigger things are ahead for the electric vehicle player.
Ex-Chrysler CEO slams Biden-Harris admin for another 'deceptively correct comment' on EVs
President Biden and Vice President Kamala Harris are pushing for "the same point" in the EV debate, according to former Chrysler and Home Depot CEO Bob Nardelli, forcing a "revolution" on buyers and producers.
Americans shift to more affordable cars as prices, insurance costs increase nationally: report
American consumers are voting with their dollar at car dealerships nationwide, where both average car costs and average insurance rates have spiked in 2024.
Researchers say Arkansas may have 19M tons of lithium critical for battery power
A new study by the U.S. Geological Survey found massive lithium reserves in southwestern Arkansas that could have between 5 million and 19 million tons of lithium.
Honda recalls over 720K vehicles for potential cracks in fuel pumps, posing fire risk
Honda is recalling about 720,800 vehicles across several models in response to the risk they could have a faulty part within the high-pressure fuel pump.