Continental introduces greener tires in push for more sustainable supply chain
Continental debuted its greenest tire, as the German parts supplier looks to meet environmental targets set by its customers, governments and itself.
BorgWarner sets July completion date for aftermarket spinoff
BorgWarner said it expects to complete the planned spinoff of its aftermarket and fuel parts business into Phinia by July 3. The transaction is part of an overarching strategy to prepare for an electrified future.
Fed holds rates steady but sees two small hikes by end of year
The higher rate outlook coincides with an improved view of the economy and, consequently, slower progress in returning inflation to the central bank’s 2 percent target.
Increased incentives expected as year goes on depending on brand
Incentives reach yearly high in May, according to Kelley Blue Book. Analysts expect incentives to grow with certain brands that experience high inventory in the second half of 2023.
EV range falls while carrying heavy loads, AAA study finds
AAA’s study found range dropped 25 percent for a Ford F-150 Lightning loaded with 1,400 pounds of sandbags.