Dept of Energy giving $2.5B loan to GM, LG Energy Solution joint venture for EV battery cell facilities
The Energy Department announced a $2.5 billion loan going to a General Motors-LG Energy Solution joint venture focused on making EV battery cells had closed.
US auto fleet fuel efficiency flat in 2021 as Detroit Three lag
Automakers are meeting rising vehicle emissions requirements in part through using credits earned in prior years or by buying excess credits from rivals.
Automaker Stellantis lays off hundreds of American workers, blaming high cost of making electric cars
Stellantis announced its decision to idle operations at an assembly plant in Belvedere, Illinois, next February, resulting in "indefinite layoffs" for workers.
Uber files legal petition against New York City Taxi and Limousine Commission
Ride-share company Uber filed a legal petition Friday against the New York City Taxi and Limousine Commission about upcoming driver pay rate increases.
Jeep issues recall and stop-sale order on 63K hybrid Wrangler SUVs for power loss
Nearly 63,000 Jeep Wrangler 4xe plug-in hybrid SUVs are being recalled due to a software issue that could lead to a loss of power while the vehicle is in motion.
Carvana creditors criticize management, gird for a fight
Carvana's creditors include Apollo Global Management Inc., Pacific Investment Management Co. and Ares Management Corp., all veterans of restructuring fights.
Tesla begins selling cars in Thailand, a growing electric vehicle hotspot
Southeast Asia boasts a population of over 600 million, providing a significantly untapped market for carmakers to sell electric vehicles as nations seek green alternatives
St. Louis area police departments team up to prevent car thefts
Local police departments around the St. Louis region are working together to combat surging auto thefts - and their tactics are working.
Carvana stock slides on bankruptcy risk
Carvana investors are fleeing as speculation swirls over the used car retailer's survival. Shares fell more than 30% during Wednesday's trading session.
Car insurance rates set to jump 7% in 2023
A new study from Insurify predicts that car insurance rates will increase 7% on average in 2023 after a 9% increase this year driven by inflation and increased repair and medical costs.
Ford CEO reveals how many dealers actually want to sell electric vehicles
Approximately two-thirds of Ford's dealers have signed up to sign the brand's electric vehicles as part of a new plan that requires certification to carry EVs.
Hertz to pay $168 million over theft, arrest problems
Hertz is slated to pay a total of $168 million as part of settlement agreements in connection to allegations that it falsely reported customers of vehicle theft.
GM's billion-dollar BrightDrop electric van enters production and DHL fleet
GM's BrightDrop electric van division has started large-scale vehicle production in Canada and aims to generation one billion in revenue in 2023.
Michigan couple gifts $2M classic car collection to university
Mike and Dianne Morey are donating their entire classic car collection, estimated to be worth $2 million, to Northwood University, a small private institution in Midland, Michigan.
First Tesla Semis to be delivered Thursday night, three years late
PepsiCo will become the first customer to receive an electric Tesla Semi on Thursday night during a delivery event at the automaker's Sparks, Nevada, factory.
Ford Mustang Mach-E production hits 150,000
Ford has built over 150,000 Mustang Mach-E SUVs at its factories in Mexico and China. The battery-powered model is the company's best-selling electric vehicle.
Why America doesn’t have enough EV charging stations
EV Charging in the US has hindered electrical vehicle growth from Ford, GM, & others as consumers worry about driving range and a lack of superchargers.
$375,000 Ferrari Purosangue SUV sold out for two years
The V12-powered Ferrari Purosangue is sold out for at least two years, according to the company's head of marketing. The $375,000 utility vehicle can go over 190 mph.
Jeep is giving away a $40,000 ski trip to the first person who names its new SUV
Jeep is running a contest to name a new electric vehicle scheduled to go on sale in 2024. The Wagoneer S concept previewed the model, which will be a high performance SUV.
Mercedes-Benz releasing 'Acceleration Increase' subscription fee for electric vehicles
German automaker Mercedes-Benz is releasing a new "Acceleration Increase" feature that costs $1,200 a year and allows their cars to go from 0 to 60 mph one second faster.



















