Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory

Vehicles are displayed for sale at an AutoNation car dealership on April 21, 2022 in Valencia, California. Mario Tama | Getty Images DETROIT – Shares of AutoNation, Group 1 Automotive and other automotive dealers rallied Thursday following strong third-quarter earnings and optimistic outlooks regarding consumer demand for new vehicles. The results and comments followed concerns… Continue reading Auto dealer stocks rally despite Wall Street’s ‘demand destruction’ theory

Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion

Germany company Sono Motors says it will bring a solar-powered electric vehicle to market in Europe in mid-2023. Sono has brought the car, called the Sion, on a tour throughout the U.S., in anticipation of its eventual domestic release. Priced at $25,000, the car is more affordable than most EVs on the U.S. market. It… Continue reading Inside the world’s first affordable solar-powered electric vehicle: The $25,000 Sono Motors Sion