Cars

The average transaction price for a new car dipped slightly in January by .6% to $49,388 as improving inventories drive price cuts and incentives.

The Tesla Model Y and Model 3 were the two best selling vehicles in California last year, while Tesla was number two behind Toyota in total sales.

Ford is investing $3.5 billion to build a factory in Marshall, Michigan, that will produce NCM batteries for use in low range, entry level electric vehicles starting in 2026.

Koji Sato is set to become chief executive of Toyota Motor Corp. in April. As CEO he hopes to position Toyota among BYD and Tesla in electric vehicle sales.

Used-vehicle prices rose in January at the fastest monthly pace since 2021, a sign that underlying inflationary pressures in the economy remain strong.

Shares of billionaire Elon Musk's Tesla are rallying above $200 marker in 2023 after underperforming last year and early January.

Hyundai's Evolve+ is a new month-to-month car subscription program that includes insurance and maintenance for the Kona Electric or Ioniq 5 with no long-term commitment.

General Motors' Super Bowl commercial features Will Ferrell and promotes the automaker's collaboration with Netflix that will place its EVs in various shows and movies.

Kindred Motorworks is opening a new headquarters and assembly building on California's Mare Island to build its high-end vintage vehicle conversions.

Bankrate estimates that full coverage auto insurance nationwide will cost $2,014 in 2023. Experts don't see pressures on premium rates easing this year.

Thousands of older Hondas with Takata airbag inflators are again being recalled for a malfunction that could send shrapnel flying during a crash.

Ford and Red Bull Racing are joining forces to build hybrid power units for Formula One in 2026 as the automaker begins shifting toward electric vehicles.

U.S. fire departments are reporting increased challenges in putting out fires involving electric vehicles such as Teslas, as electric vehicles are capturing a greater market share.

Ford sales were up 2% in January, with F-Series truck deliveries improving by 8.8% as inventories and dealer stock continue to recover from recent shortages.

The National Highway Traffic Safety Administration opened a probe into 2011 through 2019 Ford Explorer SUVs and is investigating a possible issue with parts flying off the car.

General Motors doesn't plan to cut any of the previously announced prices for its upcoming electric vehicles, despite the recent adjustments by Tesla and Ford.

Florida lawmakers met in Tallahassee last week to weigh a proposal to raise taxes on electric vehicle owners so that they pay their fair share of road maintenance.

Shares of online used car dealer Carvana are up in trading as the supply in used car strengthens and the prices of new cars remain at all time highs.

Ford has announced price reductions for the Mustang Mach-E electric SUV that go into effect immediately and range from $600 to $5,900, depending on the model.

A Tesla Model S became engulfed in flames after the vehicle's battery compartment "spontaneously" combusted while driving on a freeway near Sacramento, California, on Saturday.