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DETROIT -- U.S. consumers looking to get a tax credit on an electric vehicle purchase have fewer models to choose from under new rules that limit the countries where automakers can buy battery parts and minerals — a potential blow to efforts to reduce planet-warming emissions from autos.
Ford is cutting production of the F-150 Lightning electric pickup after weaker-than-expected electric vehicle sales growth.
DETROIT -- A six-week United Auto Workers strike at Ford cut sales by about 100,000 vehicles and cost the company $1.7 billion in lost profits this year, the automaker said Thursday.
DETROIT -- Clearly frustrated with its languishing share price, General Motors on Wednesday announced a massive stock buyback plan, raised its dividend and told investors it can absorb increased labor costs from a six-week autoworkers strike.
Electric vehicle sales are expected to hit a record 9% of all passenger vehicles in the U.S. this year, according to Atlas Public Policy. That will be up from 7.3% of new car sales in 2022.
NEW YORK -- Honda is recalling select 2023-2024 Accord and HR-V vehicles due to a missing piece in the front seat belt pretensioners, which could increase injury risks during a crash.
Pricing for the average new car continues to rise, with the latest reports pegging the average new vehicle transaction price around $48,000. High interest rates are a further impediment for shoppers on a tight budget. While buying used is always an option, there are some great new cars out there that are still affordably priced. The automotive experts at Edmunds have selected five standout vehicles with starting prices less than $30,000.
DETROIT -- Ford Motor Co. is resuming construction on a Michigan electric vehicle battery plant that the company postponed two months ago during a strike by the United Auto Workers union.