Monterey Car Week auctions set record with $469 million in sales
The Monterey Car Week auctions set an all-time record of $469 million in total sales, smashing the $395 million mark set at the annual event in 2015.
Ford laying off 3,000 employees to cut costs, pay for EV transition
Ford said on Monday it will notify some workers this week in the U.S., Canada and India that their jobs will be cut. The automaker will lay off 3,000 people.
Tesla loses California racial bias challenge
A California administrative law agency declines to review challenge by Elon Musk's Telsa that state civil rights watchdog rushed investigation.
Ford will appeal $1.7 billion verdict resulting from fatal crash in Georgia
Ford Motor Co. will appeal the $1.7 billion verdict against it that was delivered last week. The case stemmed from a pickup truck crash that killed a Georgia couple.
Tesla CEO Elon Musk says price of Full Self-Driving system will increase to $15,000 in September
Tesla CEO Elon Musk tweeted on Sunday that the price of FSD is increasing to $15,000 on Sept. 5, which is an increase from the current $12,000.
Australian bank will end loans for new gas and diesel cars in shift to electric vehicles
Bank Australia announced this week that it will stop offering loans for new gas and diesel cars in 2025 as part of the shift to electric vehicles.
Inflation law tax credits to brighten platinum prices
The Inflation Reduction Act recently signed by President Biden is expected to bolster platinum prices through clean vehicle tax credits and incentives for green hydrogen.
How long will gas prices stay down?
U.S. Oil and Gas Association president Tim Stewart analyzes how an oil tax in the Inflation Reduction Act could impact gas prices on 'Maria Bartiromo's Wall Street.'
Gas prices drop below $4 again, AAA says
Gas prices slid back below $4 per gallon last week as demand continues to fall, according to AAA.
GM restores dividend, resumes stock buybacks
General Motors is bringing back a quarterly dividend to return capital to shareholders while also eyeing opportunistic stock purchases.
Toyota exec says car shortage will last another year and shoppers may reject EV push
Toyota's head of sales, Jack Hollis, expects the supply crisis to continue for another year and that the industry will never return to pre-shortage norms.
Is the Inflation Reduction Act's tax credit for electric cars enough? Americans share whether they're buying
The electric vehicle tax credit in the Inflation Reduction Act is not enough to convince consumers to buy a new electric car, some Americans in D.C. say.
GM, LG Energy Solution looking at Indiana for battery plant
General Motors and LG Energy Solutions are developing plans to build a fourth U.S. battery plant potentially in New Carlisle, Indiana.
Is the Inflation Reduction Act's tax credit for EVs enough? Americans share whether they're buying
The electric vehicle tax credit in the Inflation Reduction Act is not enough to convince consumers to buy a new electric car, some Americans in D.C. say.
Tesla to get into electricity retail market in Texas
Electric automaker Tesla plans to get into the electricity retail market in Texas, according to a new job posting
Alliance for Automotive Innovation president reveals the key to bringing down electric vehicle prices
Alliance for Automotive Innovation President and CEO John Bozzella discusses the prices and innovation of electric vehicles, arguing the U.S. needs access to raw materials.
Dodge unveils new electric muscle car concept
Fox News Digital automotive editor Gary Gastelu unpacks new Dodge electric car concept and developments in the electric vehicle industry.
Dodge CEO says he 'will never market an electric car' as brand unveils its first electric car
Dodge CEO Tim Kuniskis said the brand's electric muscle cars have to be better than the gasoline powered ones if people are going to switch.
New EV tax credit appears to be limited by conditions
Tennessee Rep. Mark Green reacts to China mocking America's commitment to spend on climate change on 'The Evening Edit.'
Dodge is reinvigorating the American muscle car industry with ‘electrification’: CEO Tim Kuniskis
Dodge CEO Tim Kuniskis discusses the push for electric vehicles and how it has impacted the success of the auto industry as inflation continues to rise.