Lithia cuts Driveway Finance Corp. income forecasts through 2025
Lithia Motors, in an updated forecast, expects its captive finance company, Driveway Finance Corp., to post a loss of $40 million in 2023.
Robotaxis show signs of resilience, but now they need a business plan
Depending on who you ask, robotaxis are on the brink of widespread scale or an overdue comeuppance. Which outlook is correct? Perhaps both.
Field techs, industry collaboration critical to EV charging infrastructure, SAE panelists say
Charging infrastructure requires workforce development and industry collaboration.
Tesla will sacrifice profit for higher volume — CEO Elon Musk
Elon Musk has taken the view that pushing for higher volumes and a larger fleet is the right choice for Tesla, versus lower volume and higher margins.
VW, Rivian confirm EV tax credit eligibility
All variants of VW’s 2023 ID4 meet the requirements for the full $7,500 tax credit this year, while certain configurations of Rivian’s R1S and R1T EVs are eligible for a $3,750 credit.