Cars

Ford reported a 26.9% drop in June sales as it deals with inventory issues caused by the coronavirus pandemic. A semiconductor shortage is the main problem it faces.

Tesla posted a record quarter in Q2 with 201,250 deliveries. The result beat Wall Street estimates.

Porsche is recalling 43,000 Taycan electric cars to fix a software issue that can cause them to shut down suddenly.

A base-priced $129,900 Tesla Model S Plaid burst into flames while being driven this week, forcing the driver to push his way out before the car became engulfed in fire, the lawyer for the car’s Pennsylvania owner said, according to reports.

Automakers reported increases in Q2 sales despite low inventories of new vehicles due to the ongoing semiconductor shortage.

Hertz Global Holdings, Inc. announced that it has emerged from Chapter 11 bankruptcy, painting a rosy picture of the future for the car rental company that was battered in the early days of the pandemic.

Arnold Schwarzenegger asked Ford CEO Jim Farley to consider opening an automobile plant in Austria during a climate conference he was hosting in Vienna on Thursday.

Ford will idle eight factories for several weeks in July and August due to the ongoing semiconductor shortage.

Consumer Reports has restored the Tesla Model 3's Top Pick rating after the IIHS retested it's new safety systems.

General Motors is recalling more than 380,000 older SUVs in the U.S., many for a second time, to fix a suspension problem that can cause them to sway at highway speeds.

Honda will launch two GM-based electric vehicles in 2024, but then develop its own technology. The automaker said it is shifting away from a plan to continue making hybrids in part due to President Biden's electric car push.

Soaring used vehicle prices are set for a correction, according to CarMax CEO William Nash.

The average transaction price of a new car hit $41,263 in May, according to Kelly Blue Book. The figure was an all-time record for the month.

Ford will supply powertrains to Oshkosh Defense for use in the Next Generation Delivery Vehicle it is developing for the U.S. Postal Service. The trucks will be offered in all-electric and internal combustion engine-powered versions.

When it was new, the window sticker price on a typical 2019 Toyota Tacoma SR double cab pickup was just under $29,000. Two years later, dealers are paying almost $1,000 more than that to buy the same vehicle, even though it's used.

Chipotle Mexican Grill is offering its customers a chance to win a new Tesla, but they'll have to be willing to play.

Ford received 36,000 reservations for it's new Maverick compact pickup in the first week the books were open. The crossover-based hybrid goes on sale this fall.

Hyundai North America president and CEO Jose Munoz told The Fox Garage the company was well-positioned to take advantage of a shortage of cars among other brands in May. The automaker will soon add the first pickup to its lineup this summer.

General Motors is increasing its investments in electric and autonomous vehicles to $35 billion by 2025. The automaker will build two additional battery factories in the U.S. in addition to the two previously announced.

Production of the 2021 Ford Bronco is underway in Michigan as the first shipments to dealers begin. Ford says it has 125,000 orders for the much-anticipated SUV.