Cars

Lordstown Motors CEO Steve Burns has resigned, along with CFO Julio Rodriguez as the startup automaker faces financial issues.

High prices and less driving led the average age of the U.S. vehicle fleet to a record high of 12.1 years in 2020, according to IHS Markit.

Tesla delivered the Model S Plaid sedans to the first 25 customers at an event at its Fremont, Calif., factory Thursday night.

Wholesale used car prices hit a record high in May. Manheim reported the average price of a vehicle was $20,260.

GM is removing the stop/start feature from V8-powered light duty full-size trucks due to the ongoing semiconductor shortage. The feature shuts off the engine to save fuel when the vehicle is not in motion.

Ford is targeting non-traditional truck buyers with its new compact Maverick pickup. The crossover pickup comes with a standard hybrid powertrain for $21,490.

A parking space in Hong Kong has been sold for a record $1.3 million. The price broke the previous high mark by over 30%.

Henrik Fisker's meeting with Pope Francis to present plans to build an electric Popemobile did not take place in the Vatican as claimed, but in a reception line at an event in Rome.

Ford is offering a $1,000 incentive to customers who custom order their vehicles due to delays caused by the semiconductor chip shortage hitting the auto industry. The top-selling F-150 is included in the program.

Honda, Hyundai and Kia all reported record sales months in May as shoppers return to showrooms. Pent-up demand caused by the coronavirus pandemic is not slowing down.

Recent price increases on the Tesla Model 3 and Model Y are due to parts supply issues, Elon Musk has revealed. The manufacture and delivery of various parts and raw materials have been affected by the coronavirus pandemic.

The price of Uber and Lyft rides is through the roof ahead of Memorial Day Weekend – with some passengers saying they’re paying less for cross-country flights.

The Texas Legislature will not pass a bill to allow Tesla to sell cars directly in the state before it adjourns Sunday until 2023. The automaker is scheduled to begin manufacturing vehicles at its Austin factory by the end of this year.

Dealerships will likely scoop up unwanted cars due to the fact that inventory levels are falling all while the demand for used cars has increased, according to the digital automotive marketplace.

A crowdsourced tally says that the number of reservations for the Tesla Cybertruck is now over one million. The electric pickup is scheduled to enter production by the end of 2021.

Ford will add two new electric vehicle platforms to its arsenal as it expands its lineup of electric vehicles. One will be used for full size trucks and the other for smaller cars and SUVs.

Thirty Tesla owners are entitled to $16,000 after a software update reduced the battery capacity and charging speed on their cars, a court has decided.

Production of the Chevrolet Corvette Stingray has been suspended until June 1 due to a parts shortage. The sports car is the quickest-selling vehicle on sale today.

Ford CEO Jim Farley Tweeted that the automaker already has 44,500 reservations for the electric F-150 Lightning, just two days after it was revealed. President Biden took the truck for a spin on Tuesday ahead of its official debut.

Ford and SK Innovation have announced plans for a joint venture to build electric vehicle battery cells in the U.S. The cells will be used in the Ford F-150 Lightning and future models.