June U.S. wholesale used-car prices take a dive
Cox Automotive’s Manheim index fell 4.2% in June — the largest decline since April 2020 — but analysts anticipate less volatility in U.S. wholesale used-vehicle prices through the end of 2023.
China car sales shrink 2.9 percent in June as big-ticket spending falters
Car sales in June totalled 1.91 million units, down 2.9 percent from last year.
The manufacturing backlash: No factory in my backyard
Many of the new factories now going involve multiple billion-dollar investments and promise thousands of jobs. But, not everyone wants giant projects, even in places that would seem ripe for a factory renaissance.
GM cuts Lyriq EV price in China by 14% after VW discounts
The Lyriq, a luxury crossover based on GM’s Ultium EV architecture, is now priced from 379,700 yuan ($52,466) from 439,700 yuan ($60,784) previously.
Kia EV6 probed by NHTSA after reports alleging power loss
The agency has opened a preliminary evaluation to assess the scope and severity of the potential safety defect, which could affect nearly 20,000 Kia EV6 electric compact crossovers.