Carvana shares plunge to record low as used-car prices fall fast
Shares of the auto retailer have sunk more than 53 percent in the two trading days since the company reported disappointing third-quarter results last week.
BMW relocates California Designworks Studio, dowsizes footprint
The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.
Automakers ask U.S. Treasury for clarity, flexibility in forthcoming guidance on EV tax credits
Under the recently signed Inflation Reduction Act, the U.S. Treasury Department is required to issue proposed guidance by the end of the year that will further define how to meet the EV tax credit’s eligibility constraints.
Ford and Toyota are opposing their suppliers over EV tax credit
As automakers call on the U.S. government to rethink a plan to limit tax credits for electric vehicles, they’re facing opposition from an unexpected source: their own suppliers.
2023 Honda Pilot, with buff makeover, grows into a roomier 3-row crossover
The 2023 Pilot is equipped with a new 3.5-liter engine and new TrailSport trim level designed to add some off-road cred to Honda’s biggest utility vehicle.