Category: News

Rising Vehicle Costs Strain America’s Middle Class, Threatening Financial Security and Economic Mobility

Rising Vehicle Costs Strain America's Middle Class, Threatening Financial Security and Economic Mobility

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 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

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 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 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

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 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 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 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 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.…

Skoda Launches Kylaq as Its Most Affordable Compact SUV for India’s Growing Market

Skoda Launches Kylaq as Its Most Affordable Compact SUV for India's Growing Market

Skoda has introduced the Kylaq, its most affordable SUV, tailored specifically for the growing Indian market. Positioned in the highly competitive sub-compact segment, the Kylaq follows the Kushaq SUV and Slavia sedan as the third…

Audi Launches ‘AUDI’ Brand in China with AUDI E Concept, a High-Performance Electric Sportback

Audi Launches 'AUDI' Brand in China with AUDI E Concept, a High Performance Electric Sportback

Audi has launched a new brand in China called “AUDI,” marking a strategic shift in the company’s approach to the Chinese market. The new venture, which drops the traditional Audi logo in favor of all-caps…