Hertz CEO Stephen Scherr resigns after EV push goes bust
Hertz CEO Stephen Scherr is resigning after the car rental company's investment in electrical vehicles failed over high costs and low demand.
Auto insurance rates continue to skyrocket with no immediate signs of relief
Nevada had the second-most expensive car insurance last year, with an average annual cost of nearly $3,000, according to insurance data.
Porsche to offer 1,000 horsepower model Taycan
Porsche has officially unveiled new models of its electric Taycan sedan that the automaker dubbed its "most powerful" yet. They include the Turbo GT and the Turbo GT with Weissach package.
Honda's first electric SUV qualifies for full EV tax credit
The first EV SUV offering from Honda Motor Company, the Prologue, comes in at a price point that makes it eligible for the full federal EV tax credit of $7,500
Rivian announces two new EV SUV lines, including one surprise
Rivian’s electric vehicle lineup is getting bigger – including a product line that hadn’t been expected. It said it will make an R3 and R3X, two 'surprise' vehicles in addition to the R2 it also announced.
Gas prices march upward as spring looms and demand grows: AAA
Higher oil prices and growing gas demand contributed to gas prices rising this week.
Fisker slumps as cash warning sends investors 'running for cover'
Electric vehicle maker Fisker on Friday disclosed "substantial concern" about being able to "continue as a going concern" to its investors. Its stock posted a major drop amid the news.
Elon Musk provides update on Tesla Roadster timeline
Tesla could reveal the new Roadster at the end of the year and shipments of the sports car beginning in 2025, Chief Executive Elon Musk said Wednesday.
Teledriving company Vay brings new transportation option to streets of Las Vegas
Las Vegas can boast a new transportation option after German teledriving company Vay launched its first fleet of fully driverless cars in the major US city.
Toyota recalls 280,000 pickups, SUVs over transmission issue
Toyota is recalling about 280,000 vehicles in the U.S. over a transmission issue that could cause the affected vehicles to move even when they are in neutral.
Mercedes-Benz delays EV goals because of weak demand, will continue to build gas-powered cars
German automaker Mercedes-Benz said it will delay plans to have half of all sales be electric vehicles or hybrids until 2030 because of weak demand.
Rivian to lay off 10% of salaried staff
Rivian CEO RJ Scaringe said the company made "great progress" in 2023 even with economic headwinds. The automaker said it remains focused on cost efficiency.
Gas prices jolted up by 12 cents as Indiana oil refinery remains closed: AAA
A shutdown oil refinery has led to a large increase in gas prices across the country.
Ford CEO says company will 'think carefully' about where it builds vehicles after UAW strike
Ford CEO Jim Farley says the company is thinking carefully about where it will build future vehicles after it was the first to have a plant shut down as a result of the United Auto Workers strike.
Car insurance rates in 2024 jump 26% across the US, report says
Car insurance premiums have increased 26% over the past year amid inflation and other factors, according to a new report released this week.
Tesla recalls over 2 million vehicles in US due to warning lights issue
Elon Musk's electric vehicle company Tesla is recalling some 2.2 million models due to incorrect font size on warning lights, U.S. regulators said.
Toyota issues 'do not drive' advisory to 50,000 car owners over potentially deadly air bag issue
Toyota instructed the owners of 50,000 vehicles not to drive their cars, citing an air bag issue that could potentially lead to "serious injury or death."
Toyota chairman issues apology for subsidiary safety scandal, brand remains world's top-seller
Toyota Motor remains the world's top-selling car brand as Chairman Akio Toyoda apologized for safety scandals at three of the company's subsidiaries.
Tesla recalls 200,000 vehicles over rearview camera display issue
A total of 199,575 Tesla Model S, X and Y vehicles from 2023 are being recalled because the rearview camera may not display an image while in reverse.
Analysis reveals how GM's Cruise robotaxi struck and dragged pedestrian 20 feet
A series of technical failures were the cause of an October 2, 2023 accident in San Francisco where a woman was struck and dragged by a Cruise robotaxi, a report reveals.