Dealers, buyers need guidance on EV tax credits
The availability of a credit that carries fewer eligibility restrictions for leasing than for buying could help consumers now, panelists said Thursday at Automotive News Retail Forum: NADA.
Hyundai looks to ‘Evolve' sales strategy
Hyundai will take another step in its experimental vehicle-marketing relationship with Amazon this year to see if the online retailer can play a bigger role in sales.
Musk says Tesla's price cuts are boosting demand but Cybertruck won't ramp up until 2024
Tesla’s decision to slash prices earlier this month has boosted demand and the automaker cannot make new vehicles fast enough. The Cybertruck pickup, however, won’t see volume output until 2024.
Waymo lays off undisclosed number of employees amid tech's economic downturn
Self-driving technology company Waymo laid off a “limited” number of employees this week, a company spokesperson said. The cuts from the Alphabet subsidiary came beyond the 12,000 employees cut by Google this week.
Tesla Q4 net income surges 59%, but slower growth expected in 2023
The EV maker reported revenue of $24.3 billion in the fourth quarter, above analyst estimates, but put delivery growth at 37 percent for 2023 compared with a previous forecast of 50 percent.