Kia sales chief: Uncertainty will keep industry in check
Kia’s sales chief Eric Watson says retail sales will remain at modest levels throughout the year, and economic headwinds will keep industry in check as inventory levels build back.
Canada Drives granted creditor protection as it restructures, abandons online
Used-vehicle retailer Canada Drives has filed for and been granted creditor protection as the company seeks to restructure its business and abandon online sales amid escalating inventory costs and weakening used-vehicle prices.
U.S. Treasury to release EV battery sourcing rules next week
The auto, battery and clean energy industries have been awaiting guidance on complex questions governing eligibility for hundreds of billions of dollars of incentives in the Inflation Reduction Act, signed into law last year.
Ford's BlueOval City set to produce 500,000 electric pickups a year
The $5.6 billion campus in western Tennessee will build a next-generation EV pickup codenamed Project T3 starting in 2025.
House Republican reintroduces bill to shorten design patents on auto repair parts
The bill was previously introduced in 2021 by Rep. Darrell Issa, R-Calif., who said it will expand consumer choice for collision repair parts, reduce costs for drivers and insurers and increase competition in the auto repair parts market.