GM has a secret to help sell its new EVs. It’s Costco.
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images “We have a great partnership with Costco, and I’m really bullish on Costco because I like their brand,” GM North…
GM has a secret to help sell its new EVs. It’s Costco.
Customers exit a Costco store in Teterboro, New Jersey, June 28, 2023. Kena Betancur | Corbis News | Getty Images DETROIT — General Motors has a not-so-secret weapon when it comes to getting U.S. consumers into its new all-electric vehicles:…
A $25,000 Jeep EV is coming to the U.S. ‘very soon,’ Stellantis boss says
Stellantis plans to sell a $25,000, fully-electric Jeep in the United States “very soon” to boost sales, according to CEO Carlos Tavares. Mortgage applications drop by 5.7% as rates rise again Tavares, speaking at a Bernstein investor conference in New…
The ‘absolute worst’ of times for car buying are over
Faced with higher inventories, automakers and dealers are offering an average discount of $4,147 on last year’s models, Edmunds said — more than double the $1,919 average for ’22 models a year ago. The promotions could bring some relief to…
The ‘absolute worst’ of times for car buying are over
Car shoppers should have an easier time finding good deals this Memorial Day weekend than last. Dealerships are sitting on a glut of 2023 vehicles, leading to steeper discounts and lower interest rates than usual, the auto research firm Edmunds…
How Toyota’s Tacoma became king of the U.S. midsize truck market
The top-selling full-size pickup line is Ford’s F-Series, especially the F-150, which is also the bestselling vehicle in America, according to Edmunds. GM and Ram pickups trail Ford, which also has the top-selling compact pickup truck — the Maverick. But…
Biden’s EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
U.S. President Joe Biden announces increased tariffs on Chinese products to promote American investments and jobs in the Rose Garden of the White House on May 14, 2024 in Washington, DC. Win Mcnamee | Getty Images Automotive and trade experts…
What to expect for Tesla’s Supercharger network now that the team is dismantled
The future of Tesla Supercharging is uncertain following CEO Elon Musk’s disbanding of the Supercharging team as part of a broader restructuring. The roughly 500 layoffs included senior director of EV charging Rebecca Tinucci and Daniel Ho, director of vehicle…
What to expect for Tesla’s Supercharger network now that the team is dismantled
“I would describe the Supercharger network as one of the crown jewels of Tesla,” said Andres Pinter, co-CEO of Bullet EV Charging Solutions. “Instead of doing victory laps and building the Supercharger network and reaping the benefits of this asset,…
Small, well-built Chinese EV called the Seagull poses a big threat to the US auto industry
LIVONIA, Mich. (AP) — A tiny, low-priced electric car called the Seagull has American automakers and politicians trembling. The car, launched last year by Chinese automaker BYD, sells for around $12,000 in China, but drives well and is put together…