Tesla has narrowly avoided a temporary suspension of its dealer and manufacturer licenses in California after agreeing to modify how it markets its advanced driver-assistance systems within the state. The decision, confirmed by the California Department of Motor Vehicles, marks a significant moment in the ongoing regulatory debate over how automakers describe semi-autonomous driving technology. […]
Germany’s powerful industrial union IG Metall has initiated legal proceedings against the head of Tesla’s manufacturing facility near Berlin, marking a new chapter in the increasingly strained relationship between the automaker and organized labor in the country. The union confirmed that it has filed a criminal complaint accusing the factory’s manager, Andre Thierig, of making […]
Volkswagen is reportedly preparing a broad cost-cutting initiative aimed at reducing expenses by 20% across its brands by the end of 2028, as the German automotive giant confronts mounting global challenges. According to a report from Germany’s Manager Magazin, Chief Executive Oliver Blume and Chief Financial Officer Arno Antlitz presented an extensive savings strategy to […]
In a major shift in consumer behavior, American car buyers are increasingly opting for entry-level models instead of premium trims, as the rising costs of new cars make affordability a top priority. This change in purchasing patterns is reminiscent of a trend from the early 1990s, when the Gulf War drove gas prices skyward and […]
Rivian Automotive (RIVN.O) has raised expectations for its future growth, predicting a substantial 53% increase in vehicle deliveries for 2026. The anticipated boost is largely attributed to the rollout of the new R2 electric SUV model, designed to compete directly with Tesla’s Model Y. The new R2, expected to be priced starting at $45,000, marks […]
Asbury Automotive Group has announced impressive financial results for the year 2025, recording an all-time high in annual revenues of approximately $18 billion, marking a 5% increase compared to 2024. The fourth-quarter performance was similarly strong, with the company achieving $4.7 billion in revenue, a 4% year-over-year rise. However, despite these successes, the company faced […]
Europe’s transition to cleaner mobility continued to advance in 2025, but not at the pace policymakers and automakers once anticipated. Battery-electric vehicles made notable gains across the continent, yet they remain well below the thresholds many had hoped would be reached by the middle of the decade. At the same time, hybrid vehicles strengthened their […]
In a significant shift for the automotive industry, Honda has announced it will discontinue its fuel-cell system production in collaboration with General Motors (GM) through their joint venture, Fuel Cell System Manufacturing LLC (FCSM). This decision, expected to be finalized by the end of 2026, marks the end of a strategic alliance that began in […]
In an unexpected twist, General Motors (GM) faces a growing financial hurdle in 2026 as tariffs continue to erode its profits. CEO Mary Barra announced that the company expects a $3 billion to $4 billion dent in its profit margins due to the imposition of tariffs, primarily on its South Korean imports. This new financial […]
Despite the growing shift in the automotive industry towards electric vehicles (EVs), BMW has reaffirmed its commitment to high-performance engines, including the V8 and V12, in the face of its ongoing transition to electric powertrains. A spokesperson from the German automaker confirmed that, even as the core of its lineup moves towards electrification, internal combustion […]
