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Democrats' proposed spending bill will allow households with yearly incomes as high as $500,000 to claim tax credits on pricey electric vehicles that cost up to $80,000.

The value of a NASCAR Cup Series charter has doubled over the past year as interest in the racing series grows.

Japan's Toyota Motor Corp raised its profit outlook on Thursday helped by favorable currency rates but warned that the global semiconductor shortage still posed risks to its full-year production plans.

Tennessee Gov. Bill Lee unveiled a pair of appointments to the Megasite Authority of West Tennessee, the newly created entity tasked with overseeing the development of Ford Motor Company’s planned mega-campus near Memphis.

Ford is requiring its salaried workers to get vaccinated against COVID-19 in order to comply with the Biden administration's requirement for federal contractors.

Despite its overall October vehicle sales falling 4% year-over-year, Ford became the top-selling automaker for the second straight month as it continues to bounce back from a semiconductor chip shortage that has ravaged the industry.

The average length of an auto loan was 62.9 months during the past three years, peaking at 65.6 months this July, according to a report from LendingTree.com.

Avis Budget shares have joined the meme stock club soaring during Tuesday's trading session.

The software glitch may cause a false forward-collision warning or an unexpected activation of the car's automatic emergency braking system, increasing the risk of a rear-end collision.

Elon Musk has revealed that Tesla does not yet have a signed contract with Hertz for the purchase of 100,000 vehicles the companies announced last week.

Amazon-backed electric car maker Rivian is seeking a valuation that would place it among the world’s most valuable automotive companies when it goes public in the coming days, according to an amended S-1 filing on Monday.

Tesla is now allowing cars from other brands to use its charging stations in The Netherlands as part of a test program. If successful, it could eventually lead to a new revenue stream worth an estimated $25 billion.

Americans are paying $3.38 on average to fill up at the gas station, thanks to high gasoline demand, crude oil shortages and supply chain issues in oil production. But one analyst predicts that the oil industry may soon get some much-needed relief.

Amazon and Ford are both backers of the electric vehicle maker.

A GMC Hummer EV customized by Barrett-Jackson is the Neiman Marcus fantasy gift car of 2021. The monster truck comes with its own parking space and a VIP trip to the Barrett-Jackson Scottsdale auction.

Shares of Lucid Motors have jumped more than 6% on Friday as the luxury electric vehicle maker prepares to deliver its first batch of the Dream Edition Lucid Air on Saturday, Oct. 30.

Ford is finally firing on all cylinders and Wall Street is getting onboard.