Ford plans small, cheap electric cars to help reduce EV losses
Ford is recalibrating its EV strategy to move away from large, expensive EVs because high prices are the biggest barrier to convincing mainstream car buyers to go electric.
Honda quarterly profit jumps 35% on booming North America sales
Honda posted a 35 percent jump in quarterly operating profit as sales boom in North America and a better mix of higher margin vehicles propels the automaker.
Ed Morse Automotive inks deal to buy 6 dealerships in Arizona
The deal is expected to close by early June. Ed Morse Automotive purchased nine dealerships in 2023.
U.S. closes probe into 3 million Hyundai, Kia vehicles over fire risks
The National Highway Traffic Safety Administration said it was ending the probe after the Korean automakers previously issued eight recalls covering about 3 million vehicles to address engine fires.
Ford pulls plug on automated parallel parking feature to cut costs
The automaker’s $2 billion in promised savings target a wide range of operations ranging from materials and freight to manufacturing.