Auto loan debt surging and so are missed payments
At the end of Q2 2023, auto loan debt surpassed student loan debt in total – auto loan debt rose to $1.58 trillion, edging out $1.57 trillion in student loan debt, according to Automoblog.
Federal EV tax credit slashed in half for some Tesla Model 3s in 2024
Tesla notified customers that the $7,500 federal tax credit for electric vehicle purchases will be cut in half for two of its popular models starting in 2024.
US probes 73,000 Chevrolet Volt cars over loss of power, issues restarting
About 73,000 Chevrolet Volt plug-in hybrids are being investigated by the NHTSA over a battery problem that can cause a sudden loss of power or prevent restarting.
Cybertruck's price tag draws mixed reviews
Tesla's release of its Cybertruck pricing Thursday drew reaction. The vehicle has rear-wheel drive, all-wheel drive and "Cyberbeast" options.
Tesla Cybertruck deliveries begin after long delays
Elon Musk on Thursday unveiled Tesla's Cybertruck as the company begins deliveries of the futuristic-looking electric pickup that has faced a series of delays since its 2019 announcement.
NASCAR reaches groundbreaking media rights deal that includes first-ever streaming-only races
NASCAR reached a groundbreaking media rights deal worth a massive $7.7 billion over seven years, starting in 2025 and running through the end of the 2031 season.
EVs significantly less reliable than gas-engine cars, Consumer Reports finds
A Consumer Reports survey of auto owners found electric vehicles have nearly 80% more problems than gas vehicles on average, and plug-in hybrids are even worse.
Seattle Kia owner leaves car at dealership after being fed up with constant break-ins
A Kia owner in Seattle got so fed up with his car being targeted by thieves that he decided to dump the vehicle off at the dealership where he bought it and walk home.
Honda issues recall potentially affecting more than 300,000 SUVs over seat belt issue
A seat belt issue potentially affecting more than 300,000 Honda vehicles has forced the car company to issue a recall on some Accords and HR-Vs.
GM's Cruise plans small relaunch of driverless robotaxis
Cruise aims to start putting its robotaxis back on the road in one city, the General Motors subsidiary indicated on Wednesday. It's unclear what that initial city that will be.
Judge finds Elon Musk, Tesla likely knew about potentially deadly Autopilot defect, allows lawsuit
A Florida judge said there is "reasonable evidence" that Tesla CEO Elon Musk knew about a defect in the automaker's autopilot system that makes the cars unsafe to drive.
Viral video lands user a new car after her Stanley tumbler withstands fire
A TikTok video appearing to show a Stanley tumbler withstanding a car fire unscathed has gone viral and the company is set to buy the car owner a replacement vehicle.
Tesla's Elon Musk meets China's Xi, thanks him for EV industry
Tesla CEO Elon Musk thanked Xi Jinping for the "rapid development of China's new energy vehicle industry" while at a dinner meeting in San Francisco, Tesla's Weibo account says.
Court rules Tesla can block factory workers from wearing union t-shirts
Tesla's policy prohibiting workers from wearing union t-shirts on the job was upheld by a federal appellate court which found the policy didn't violate U.S. labor law.
Government agency urges mandate of technology to reduce speeding in new cars
The National Transportation Safety Board has urged another government agency to mandate that new cars have intelligent speed assistance technology in them.
Ford introducing in-vehicle customer feedback tool
Ford is bringing a new feature to its vehicles that enables people to give instantaneous feedback to the Michigan-based automaker. The company has called it "Record Feedback."
Stellantis offers buyouts to roughly half of US salaried employees
Stellantis is moving forward with a cost-cutting push as it prepares for the shift to electric vehicles and larger labor cost under the new tentative UAW contract.
Senate votes down Biden decision to waive 'Buy America' requirements for EV chargers
The Senate voted 50-48 to reject President Biden's decision to waive certain "Buy America" requirements for new electric vehicle chargers, which Biden has vowed to veto.
Tesla raises prices on some models sold in China: report
Tesla Inc. announced that they will raise the prices of their Model 3 Long Range and the Model Y Long Range on November 9, according to Reuters.
Cruise recalling 950 driverless cars after pedestrian crash
General Motors' self-driving car unit Cruise is recalling 950 robotaxis as it looks to address an issue with collision detection software after a pedestrian-involved crash.