Cox Automotive expects a decline in new vehicle sales in the 2026 market
Cox Automotive’s 2026 New Car Sales Projections Cox Automotive anticipates that growth in new car sales will be somewhat slower in 2026 compared to last year, which surprisingly outperformed expectations. The company predicts that approximately 15.8 million new vehicles will be sold in the U.S. in 2026, marking a decline of 2.4% from 2025. Additionally, […]
Detroit’s automotive culture fosters community during a time of loneliness.
Detroit’s Automotive Culture Fosters Community Amid Rising Loneliness Last month, conversations with several individuals revealed that Detroit’s automotive scene is becoming a vital avenue for people to forge connections, especially as loneliness rises in the U.S. A participant noted, “It’s tough out there. With all the divisions lately, it can feel like a real challenge. […]
Intel is closing its automotive division and letting go of the majority of its staff in that area.
Intel to Shut Down Automotive Business, Leading to Major Layoffs Intel has revealed plans to dismantle its automotive division, which will result in layoffs for a significant number of employees in that sector. This comes on the heels of a considerable reduction in factory staff announced earlier, yet the company still faces challenges ahead. A […]
Trump Announces 25% Tariffs On Automotive Imports, Vows ‘Business Will Flourish’
US President Donald Trump will sign an executive order on March 26, 2025 at the White House oval office in Washington, DC. (Photo: Win McNamee/Getty Images) OAN Staff Break Wolf5:50pm – Wednesday, March 26th, 2025 President Donald Trump announced Wednesday that he would impose a 25% tariff on automobile imports, which are scheduled to come […]
‘I felt nothing but disgust’: Tesla owners vent their anger at Elon Musk | Automotive industry
wHen Mike Schwede was first sitting on the Tesla Roadster 15 years ago, and he felt it was a glimpse into the future. By 2016 he is a proud owner of Tesla, enjoying the thumbs he has got from other drivers whining along European highways in an electric vehicle. However, recently the sheen that I […]
BYD construction site in Brazil shut over ‘slavery-like’ conditions | Automotive industry
Brazilian authorities have halted construction of a factory by Chinese electric car company BYD after it was discovered that more than 160 Chinese nationals were living in “slave-like” conditions. Workers at a construction site in Brazil's northeastern state of Bahia were found to be working long hours (sometimes seven days in a row) and living […]
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz | Automotive industry
Germany's chancellor said the EU should refrain from “punitive” fines for carmakers that fail to meet emissions standards, heating up debate over the future of Europe's key industry. Olaf Scholz, who is running for election in February, will meet EU leaders in Brussels as Germany's largest carmaker, Volkswagen, plans unprecedented factory closures in its home […]
Honda and Nissan to start talks on potential mega-merger | Automotive industry
Japanese automakers Honda and Nissan plan to begin talks over a possible merger, according to reports. The Nikkei newspaper reported on Tuesday that the two Japanese companies will begin talks to counter increasing global competition from major electric car makers. Japan's second- and third-largest automakers, with combined sales of 7.4 million vehicles in 2023, are […]
UK could loosen EV rules to allow sales of Prius-style hybrids until 2035 | Automotive industry
Carmakers could be allowed to sell Toyota Prius hybrid models in the UK until 2035, as the government considers ways to ease rules on the sale of electric cars. Earlier this week, the government launched an emergency consultation to decide what types of electric cars carmakers can sell after a new ban on petrol and […]
Could Buying Rivian Automotive Stock Today Set You Up for Life? – The Motley Fool
The EV maker's stock price has fallen to nearly 90% below its public offering price. Rivian Automotive (Riven -0.79%) The company attracted a bullish crowd with its IPO on November 9, 2021. The electric vehicle (EV) maker went public at $78 per share, and after opening at $106.75, the stock reached an all-time high of […]