Vietnam’s VinFast filed for an initial public offering (IPO) in the U.S. as the electric vehicle maker begins construction on a factory in North Carolina. Based on Autoblog, the share sale could raise around $2 billion. “At $2 billion, VinFast’s …
The United States plans to release approximately one million barrels of oil a day from its reserves for six months starting in May—a move that Autoblog describes as “a historic drawdown underscoring White House concern about rising gas prices and …
Honda is targeting used vehicle shoppers with its certified pre-owned programs know as HondaTrue Used and Acura Precision Used, which Car and Driver said aims to get both first-time buyers and used-car shoppers “into their dealerships and away from online …
Dealerships must deal with the time and bear the additional cost that comes with installing fast chargers on their lots, due in large part to service and installation upgrades, said Carscoops. “According to (Starling Automotive Group) owner Alan Starling, the …
Tesla suspended production of its Shanghai factory last Monday to Thursday after the city implemented a two-stage lockdown to manage a surge in COVID-19 cases—and that suspension reportedly continued into the weekend. According to Autoblog, “The company may have also …
Certain members of Faraday Future Intelligent Electric’s management team received a subpoena from the U.S. Securities and Exchange Commission as part of a probe into inaccurate statements made to the EV company’s investors. “An internal review had in February identified …
Nissan plans to only launch electrified vehicles in Europe starting in 2023, according to Motor1.com. The media outlet said the OEM wants all of its Nissan sales to come from electrified cars by the end of the decade, adding that …
Electrify America plans to build “The Charging Station of the Future, Today”: slimmer charging stations with lounges, pull-through spots, and valet parking, according to Autoblog. “The EA concept includes a ‘customer oasis’ to hang out in during the charging process, …
Renault appears ready to exit the Russian vehicle production market, leaving local partner Avtovaz to build Lada vehicles without foreign car parts, according to Driving. “The Western carmaker with the greatest exposure to the Russian market said on (March 23) …
Despite massive progress from the automotive retail industry to shift to digital retailing, consumers still see this option as lacking, according to market research from Capital One Financial Corp. “Dealers believe they made a big move in digital, and therefore …
Ford created a unit to develop autonomous vehicles and new technology. According to the company’s CEO Jim Farley, the Ford Next unit was formed late last year. “The unit contains Ford’s stake in autonomous-auto startup Argo AI and will develop …
Electric vehicle sales are booming as gas prices soar across the country, but can the province of British Columbia keep up with EV charging solutions? According to Driving, there is more demand than there is supply in terms of charging—the …
