EV sales growth slowdown causes headaches for suppliers
For suppliers that depend upon stable production and insight into automakers’ product plans to remain profitable, delays in EV launches could prove to be costly.
FTC stays CARS Rule on dealerships pending U.S. appeals court review
The Federal Trade Commission has stayed enacting its CARS Rule on auto dealerships pending the outcome of a 5th U.S. Circuit Court of Appeals challenge by the National Automobile Dealers Association and Texas Automobile Dealers Association.
VinFast reports 34,855 global sales for 2023, below its forecast
The Vietnamese automaker, which is setting up a U.S. dealership network, said economic headwinds and a slow EV adoption rate in some markets hurt sales for the year.
Judge rejects Minn. Ford dealership's attempt to halt opening of competing store
A federal judge has rebuffed a bid by a North Branch, Minn., dealership to prevent Ford Motor Co. from approving a new point 27 miles from its store.
VinFast U.S. plans rise above early setbacks
The startup is committed to a national dealer network, North Carolina factory and a broad vehicle lineup that will include a pickup and a sub-$20,000 micro car, Chairwoman Le Thi Thu Thuy tells