AutoNation Faces Challenges with Q3 Earnings Miss Amid Cyberattack, Weather Disruptions, and Inventory Strains
AutoNation Inc.’s stock dropped 6% after the company reported third-quarter earnings that missed analysts’ expectations, driven partly by the impact of a software outage earlier in the year. Net income declined to $185.8 million ($4.61…
Shifting Trends and Technologies Reshape Automotive Industry in 2024 Consumer Study Insights
The 2024 Global Automotive Consumer Study highlights major trends and disruptive technologies that are set to influence the automotive industry. Surveying over 27,000 consumers from 26 countries, the study identifies key areas of change, including…
UK Government Upholds EV Targets While Considering Flexibilities to Address Industry Concerns and Challenges
The UK government remains steadfast in its electric vehicle (EV) mandate, with Transport Secretary Louise Haigh reaffirming that the targets will not be relaxed. However, she acknowledged the possibility of introducing “flexibilities” to address challenges…
Hyundai to Release 21 New Models by 2030, Expanding Its Electric and Luxury Car Lineup
Hyundai, a top-selling global car brand, has announced plans to release 21 new models within the next six years. This aggressive strategy comes as the company seeks to become a leading provider of electric vehicles…
Crash in Plainfield Leaves Vehicle on Lawn, Driver Hospitalized with Potential Back Injury
First responders in Plainfield were called to a car crash on Norwich Road Thursday morning, involving a vehicle that ended up on the lawn of a residential property. The Plainfield Fire Department received the initial…
BMW Reserves £70 Million to Address Undisclosed Commission Claims Amid Growing Industry Wide Scandal
The British lending arm of BMW, BMW Financial Services (GB) Ltd, has set aside £70.3 million in its 2023 accounts to address potential compensation claims stemming from undisclosed motor finance commissions. This move marks BMW…
Car Smashes into Georgia Restaurant During Brunch, Narrowly Missing Diners and Highlighting Community Resilience
A Georgia restaurant was struck by a car over the weekend while diners were enjoying their meals, as shown in startling surveillance footage. The incident occurred at Fresca Trattoria, an Italian restaurant in Stone Mountain,…
UK Electric Vehicle Discounts Surge as Automakers Respond to Mandates and Sluggish Consumer Demand
Discounts on new electric vehicles (EVs) in the UK have nearly doubled compared to those for petrol and diesel cars, according to a report by JATO Market Dynamics. On average, EV buyers received discounts of…
Rising car costs are imposing an increasing financial burden on America’s middle class, turning vehicles into significant liabilities instead of symbols of economic advancement. Expenses related to purchasing, fueling, insuring, and maintaining cars have surged,…
Nissan Ends GT-R R35 Production After 17 Years, Teases Electric Future with Potential R36
Nissan announced in March 2024 that the legendary GT-R would receive a mild update, marking the end of an impressive 17-year production run for the R35 model. Despite consistent updates to keep the car relevant…
Trump Team Considers Ending EV Tax Credit, Sparking Debate on U.S. Electric Vehicle Future
The Trump transition team is considering a significant policy change that could have a major impact on the U.S. electric vehicle (EV) market: eliminating the $7,500 consumer tax credit for EV purchases. This potential move…
Ford Cuts Electric Vehicle Production Due to Low Sales and Slow Demand in Europe
Ford’s ambitious electric vehicle (EV) plans are facing significant challenges as the American automaker has been forced to scale back production of its two latest EV models due to low demand. The Explorer SUV and…
Nissan Warns UK Automotive Industry Faces Job Losses and Financial Penalties Over Unmet EV Targets
Nissan is warning that the UK automotive industry is facing a critical situation, with jobs and the sector’s competitiveness in jeopardy unless the government adjusts its electric vehicle (EV) sales targets. For the first ten…
5 Essential Safety Checks You’re Probably Missing and Why Upgrading Your Vehicle Saves Lives
Over the years, automotive safety has evolved significantly. In the past, essential features like seat belts, airbags, and antilock brakes were the cornerstones of vehicle safety. While these features continue to save thousands of lives—seat…
Continental Reports Q3 Profit Surge Amid Lowered Forecast Due to Weakened Automotive Demand
Continental, the German automotive parts manufacturer, reported strong third-quarter earnings, showing a significant rise in profitability. The company recorded a net income of €486 million, an increase of 62.8% from €299 million in the same…
Vroom Initiates Restructuring to Address Debt, Transforming $290M in Notes to Equity and Streamlining Finances
Vroom, Inc., a leader in automotive finance and digital services, has entered a Restructuring Support Agreement (RSA) with most of its debt holders and its primary stockholder to tackle its debt challenges. This RSA will…
LiveWire and KYMCO Reveal Futuristic Electric Scooter Concepts at EICMA, Strengthening Partnership
LiveWire, Harley-Davidson’s electric sub-brand, surprised the motorcycle community by showcasing two concept electric scooters at KYMCO’s stall during the 2023 EICMA event. KYMCO, an early investor in LiveWire, has a longstanding collaboration with the brand,…
Geely Restructures EV Portfolio as Zeekr Takes Control of Lynk & Co in Cost Cutting Strategy
Geely, a major Chinese automotive group, announced a restructuring plan to bring its premium EV brand Zeekr into control over its sister brand Lynk & Co as part of a broader cost-cutting and efficiency strategy.…
Kum & Go, the Midwest gas station chain known for the humor its name often inspires, is heading for a rebrand. Maverik, a competitor that acquired Kum & Go in 2023, announced it has started…
The 2025 Bronco gets a tech and comfort boost to stay ahead in the off-road race. All models now sport a standard 12-inch digital instrument cluster and a matching 12-speaker B&O sound system. Passenger comfort…
According to a report by Manager Magazin, German automaker Audi is planning a significant workforce reduction. The company reportedly aims to streamline operations by focusing layoffs on non-production roles, primarily in development departments. This shift…
Facing a multitude of challenges, Nissan is undergoing a major restructuring under CEO Makoto Uchida. The Japanese automaker is streamlining operations to go around a difficult economic climate. This plan includes significant workforce reductions, production…
Bentley, the iconic luxury carmaker, has recently confirmed that its first fully electric vehicle will debut in 2026. This highly anticipated model will be a luxury urban SUV, a segment-defining vehicle that promises to blend…
Stellantis, the automotive giant, has made significant strides in addressing its inventory surplus, particularly in the United States. While the broader automotive industry faced a surge in inventory levels in September, several Stellantis brands bucked…
A 71 year old cyclist, William Hoesch, is suing Columbia River Fire & Rescue after being struck by one of their ambulances and then charged a hefty fee for transport to the hospital. The incident…
