Recent News

Harley-Davidson halts production of electric bike

Harley-Davidson has halted production of LiveWire, the debut electric bike it’s counting on to attract new riders. The news follows the announcement last week by vacuum cleaning giant Dyson to end its EV ambitions.  ... Read More »

Calif. governor signs dealer franchise, data privacy legislation

California's governor signed two bills that will allow auto dealers in the state to recoup costs for warranty and recall work at rates closer to what retail customers pay, as well as create an exception to a new state data privacy law set to take effect in January. ... Read More »

Faraday founder files for bankruptcy

In a proposed debt-restructuring plan filed in federal court, Jia Yueting will use his ownership stake in the EV startup to set up a creditor trust to repay his debts. The company said the filing will not affect its normal business operations. ... Read More »

U.S., China have ‘fundamental agreement’ on trade, Mnuchin Says

Bloomberg News reported earlier Monday that China wants further talks as soon as the end of October to hammer out the details of the “phase one” trade deal touted Friday by Trump. ... Read More »

Sources: Tesla Wants Back in Dealership Game, Seeks Loophole

Electrek reports Tesla CEO Elon Musk wants to open ‘Tesla Centers’ around the U.S., once again challenging rules against direct-to-consumer sales. Sources say the firm’s Electric division could provide a workaround. ... Read More »

Supplier Faurecia to buy full control of SAS venture from Continental

Faurecia said it would buy the remaining 50 percent stake in the interior module joint venture for $248 million in a deal that's expected to close in early 2020. ... Read More »

VW Group’s EV shift will not hurt margins, CEO tells paper

Volkswagen Group's scale will protect its profit margins as the automaker invests heavily in electric vehicles, CEO Herbert Diess said. ... Read More »

NADA: USMCA means affordable vehicles

Average new-vehicle transaction prices keep climbing, raising average monthly payments and extending borrowing terms. The NADA wants congress to adopt a new North American trade pact to help keep new vehicles within reach of U.S. consumers. ... Read More »

As luxury residuals fall, some cite Tesla

Luxury-brand residual values are in decline, and it's partly because Tesla is winning away customers. ... Read More »

Sedan is still top choice among minority buyers

Cars are still outpacing crossovers in popularity among minority consumers, and African Americans are a fast-growing segment of pickup buyers, according to IHS Markit. ... Read More »