The American Automobile Association (AAA) auto club measures the increasing cost of a car, truck and SUV every year, and this year the national average cost to own and operate a new vehicle adds up to US$9,666. “2021’s annual average …
Electric vehicle maker Rivian plans to pursue an initial public offering (IPO) this fall, and wants to achieve a valuation 350 times that of Tesla’s IPO in 2010. “Rivian disclosed Friday that it has submitted its S-1 registration to the …
Toyota sold its 50 millionth Corolla after 55 years of production and 12 generations. It was initially introduced in 1966, and arrived in the United States in the 1969 model year, according to CNET. “That car had a starting price …
Factory shutdowns are confirmed in Japan as Toyota plans to make significant cuts to its new car production for the remainder of August and for September, leading to roughly a 40 per cent decrease in the number of finished vehicles …
Europe’s auto manufacturers may be looking at a lower profit outlook after seeing earnings increase in the first half of the year, as sales recovered from the pandemic. Demand continues to strengthen, but Forbes notes that margins “will be under …
The average transaction price of a new vehicle in the U.S. in July reached a record $41,044, according to The Car Connection. The previous high was $39,942 in June. “Too few vehicles in inventory mean the sales pace in July …
Tesla could licence its full self-driving technology to other OEMs, according to comments made by CEO Elon Musk during an AI Day presentation, based on Autocar. “Well, it is fundamentally extremely expensive to create the system, so somehow that has …
Volkswagen’s first ID.4 electric vehicle rolled off the production line, although mass production is only expected to commence in 2022. The vehicle rolled out of the Chattanooga, Tennessee factory and was used as a validation build to test the assembly …
In new formal guidelines released by the Chinese government on August 12, 2021, the country will require intelligent-vehicle manufacturers to store locally generated data within the country, including personal information and data collected and generated within China. Intelligent-vehicle manufacturers are …
The U.S. National Highway Traffic Safety Administration will launch an investigation into some 765,000 cars from Tesla (including the Models Y, 3, S and X) and its Autopilot Level 2 driver-assistance functions. According to CNET, the Office of Defects Investigation …
According to the European Automobile Manufacturer’s Association, approximately 30% of the electric vehicle charging points in Europe are in the Netherlands. “Teslas and other vehicles can be seen plugged in on practically every street corner thanks to a network of …
With electric vehicle sales set to surge in the next year, Canada faces a “massive deficit of charging stations to support this transition,” said the Financial Post. Startups like FLO as well as large companies like Suncor are looking to …
