US new vehicle sales are expected to rise 15.4% in August: Despite that strong growth, there may be limits to consumer ability to maintain that pace.
California’s DMV ordered Cruise to halve its autonomous fleet after a crash with a fire truck. Recent incidents could slow robotaxi adoption in congested cities.
Lamborghini unveils its first EV powered by AI: It wants to redefine the future of supercars with cutting-edge technologies while responding to the push for luxury EVs.
Tesla led Q2 2023 global EV sales with 10% QoQ growth, while challengers like BYD and GAC Aion rise. Price reductions prove key to broader adoption.
The electric air taxi market—forecast to be worth $57B by 2035—sees startups like Joby Aviation advancing despite regulatory hurdles and safety concerns for the new mode of travel.
Ford expects a 1,000% revenue jump from connected cars, hires Apple exec: Its big in-car software investment could help keep revenue strong amid a costly EV pivot.
Foreign investments in China plummeted 87% to $4.9B due to US-China tensions and COVID-19. Businesses are skeptical of China’s global openness, and tech giants shift production to India.
Carvana expects profitability to improve in Q3 as cost-cutting initiatives bear fruit: It’s well-positioned to capitalize on higher interest rates and new car prices.
The country is mandating 90 kW chargers and aiming for 150 kW in high-traffic zones. State subsidies for highway chargers show why success of EV adoption requires government involvement.
280,000 Model 3 and Model Y cars might have steering issues. This latest probe stirs concerns about Tesla’s recall readiness and brand image.
China's dominance in legacy chips could disrupt global markets, pressuring Western nations to boost their own production at a time of economic uncertainty.
Porsche is investing $3.3B in battery production and is looking at three countries for a site. The balance of power in the auto industry could shift depending on the location.
General Motors production falters as battery shortages slow EV manufacturing, hindering delivery and expansion plans. Diversifying battery production will help sustain future growth.
Despite increasing competition, Tesla's innovative reputation can sustain it for the short term.
Europe leads EV adoption race: Governments are implementing rules to standardize EV charging to enhance infrastructure, payment systems, and reliability. This hands-on approach could be the model for EV adoption.
New vehicle sales grew between 12% and 14% in the first half of 2023: By exceeding analysts’ expectations, the auto sector is providing more evidence that the US economy remains fairly strong.
Ford lays off engineers: The shift to EVs is a heavy lift for traditional automakers who still need workers with the right skills. Corporate training programs might be necessary.
Ford secures a $9.2B loan for US battery production and BYD enters the North American market. Meanwhile, newer EV-only firms scored the lowest in a vehicle quality survey.
As the first carmaker to receive Level 3 authorization, it can now sell or lease cars with automated driving systems. It poses a big challenge for Tesla.