Ford CEO Jim Farley says smaller, profitable EVs are nonnegotiable
The CEO said the automaker is pivoting its EV strategy to focus on a cheaper platform that can make money sooner after launch.
Scout Motors, forging ahead as EV growth slows, breaks ground on S.C. plant
The groundbreaking of Scout Motors’ $2 billion plant follows the fledgling automaker’s decision to set up core R&D operations in Metro Detroit and a number of key hires.
AutoNation integrating RepairSmith with its used-vehicle stores
The publicly traded dealership group acquired RepairSmith in 2023 and is now integrating it with its standalone AutoNation USA used-car stores.
Analysis: Biden's drive for EVs collides with Detroit's profit machines
The Biden administration and automakers are in the final stages of negotiating over ambitious new rules to accelerate the electric-vehicle transition that could cost Detroit’s automakers billions and fuel an election-year clash over climate policy.
Lucid cuts U.S. prices, joining Rivian and Tesla as EV startups face easing demand
Lucid’s base Air sedan gets a $7,500 reduction, now starting at $71,400 with shipping. The move comes after a $3,100 price cut on base Rivian models and a $1,000 discount on some Tesla Model Y trims.