Vroom reports Q4 net loss of $141 million amid used e-commerce wind down
In addition to reporting earnings, Vroom said it expects the wind down of its used-car e-commerce operations to be mostly completed by the end of March.
SAIC-GM vehicle shipments drop in first 2 months
SAIC-General Motors, GM’s passenger-vehicle joint venture with SAIC Motor Corp., lost more market share in China in the first two months of 2024, with wholesale deliveries dropping 60 percent to 49,500.
Nissan, Honda mull EV partnership in Japan, reports say
Japanese automakers have been slow to develop EVs, particularly in comparison to Chinese rivals such as BYD, causing them to lose ground in China and leaving them vulnerable at home.
Long-range electric Polestar 3 to cost under $75,000
The Polestar 3 is built on a new platform, sports dual motors and has an estimated EPA range of up to 315 miles.
Cox: Dealers feel falling profits amid inventory growth, weaker market
Franchised dealers polled by Cox Automotive perceived their markets weren’t improving — but weren’t worsening — continuing to show the sourest sentiment since the heart of the COVID-19 pandemic in the U.S.