SUVs and crossovers are just more profitable for carmakers. What’s the budget-conscious consumer to do now?
The company unveils a more upscale model of its Cadillac Lyriq, an EV with a starting price of $80,000.
Even cars assembled in the U.S. often include parts from Mexico and Canada, on whose goods President Trump has promised to impose 25% tariffs.
The vehicle industry is surprisingly resilient this year. Many people have been waiting for lower costs but can’t hold out any longer.
The UAW fought for protection if factories shut down. But workers in other carbon-intensive industries could find themselves displaced.
The repossession industry is struggling with an enduring labor shortage, while 1.5 million car repos are expected this year.
Even though prices have come down and the federal government is helping with rebates, the average price is still above $50,000.
New light vehicle sales, including cars, SUVs and pickups, were up about 20% in June from this time a year ago.
The automaker’s CEO says it won’t invest in hybrids, but instead focus on batteries, a new vehicle platform and charging infrastructure.
How a change in the incentives for electric vehicles encouraged more leases.
