Hybrid loyalty, sales share reach record highs
Hybrids’ consistent climb in popularity contrasts lukewarm EV demand.
Group 1 buys 4 Mercedes-Benz stores in the UK
The Houston dealership group announced the purchase from L&L Automotive on July 1.
Stellantis lays off 1,600 for temporary shift cut at Warren Truck plant
Stellantis has cut one of two daily shifts at its Jeep Wagoneer and Ram 1500 Classic plant in Warren, Mich., putting about 1,600 workers on temporary layoff.
Tesla's Q2 deliveries fall 4.8% for second straight decline despite sales promotions
Tesla said it delivered 443,956 vehicles globally in the second quarter, which was better than expected by Wall Street analysts. Tesla’s stock price rose about 8 percent in July 2 early trading
Hyundai Supernal air mobility plans aircraft demo this year
Hyundai Motor Group doesn’t have a long track record making advanced air mobility products. But Jaiwon Shin, president of its Advanced Air Mobility division, says Hyundai has plenty of strengths to make it a contender.