Automakers are worried that President Trump’s tariffs on imported cars and auto parts will soon increase their costs and start eating into profits. But at least one business in the auto industry thinks the tariffs could give it a lift. That company is Carvana, an online retailer of used cars that has gained fame for… Continue reading Carvana, a Used Car Retailer, Thinks Trump’s Tariffs Could be Good for Business
Category: US Motoring Press
Is Slate Auto’s Electric Truck the Answer to Expensive Cars?
When Slate Auto, a start-up, unveiled a roughly $25,000 electric pickup truck last month, social media lit up with comments. Many people saw the no-frills vehicle, with an easy-to-repair body and nostalgic hand crank windows, as a refreshing antidote to today’s overstuffed and increasingly unaffordable cars. How unaffordable? Average monthly payments on new cars have… Continue reading Is Slate Auto’s Electric Truck the Answer to Expensive Cars?
Hertz shares plummet after company’s disappointing first-quarter results, $250 million stock offering
Andrew Kelly | Reuters DETROIT — Shares of Hertz Global plummeted Tuesday morning after the embattled rental car company reported disappointing first-quarter earnings and a $250 million stock offering. Hertz shares were off more than 20% during early morning trading before ending Tuesday nearly 17% lower after the company’s morning quarterly earnings call. Shares of… Continue reading Hertz shares plummet after company’s disappointing first-quarter results, $250 million stock offering
GM unveils new ‘groundbreaking’ EV battery tech, aims to be first to market
General Motors battery technician Steven Petty Jr. focuses on aligning electrodes on an anode sample for a prototype LMR battery cell in the making. Photo by Steve Fecht for General Motors WARREN, Mich. — General Motors expects to pioneer a new “groundbreaking” EV battery technology that the automaker says will reduce costs and boost profitability… Continue reading GM unveils new ‘groundbreaking’ EV battery tech, aims to be first to market
Toyota reveals new name, upgraded tech for its sole U.S. EV
2026 Toyota bZ EV Toyota Toyota Motor on Tuesday revealed a redesigned version of its sole all-electric vehicle in the U.S., with a simplified name and notable increases in EV technologies and capabilities. The new name for the EV for the 2026 model year is the “bZ,” cut down from the “bZ4X.” Toyota says the… Continue reading Toyota reveals new name, upgraded tech for its sole U.S. EV
Honda Motor reports 76% plunge in operating profit in huge earnings miss
Honda is seen at the New York International Auto Show on April 16, 2025. Danielle DeVries | CNBC Japanese auto giant Honda missed fiscal fourth-quarter earnings estimates as operating profit plunged 76%, with the company bracing for the full impact of U.S. tariffs. Here are Honda’s results compared with mean estimates from LSEG: Revenue: 5.36… Continue reading Honda Motor reports 76% plunge in operating profit in huge earnings miss
Greaves Electric gets SEBI approval for IPO
Capital market regulator Securities and Exchange Board of India has approved electric vehicle maker Greaves Electric Mobility’s proposed initial public offering (IPO). Greaves Electric is the third electric two-wheeler after Ola Electric and Ather Energy to tap capital markets. The Bengaluru-based company is the electric mobility arm of Greaves Cotton Ltd. It manufactures and sells… Continue reading Greaves Electric gets SEBI approval for IPO
Volkswagen EVs to get new platform, cheaper batteries from 2026
Volkswagen will start moving all of its electric cars onto an updated platform from next year, ushering in a new type of battery chemistry that promises to reduce costs. The Volkswagen ID 2 supermini, due in 2026, will be the first model to use a lithium-iron-phosphate (LFP) battery that will be cheaper than the nickel-manganese-cobalt… Continue reading Volkswagen EVs to get new platform, cheaper batteries from 2026
New VW T-Roc due in August with Prius-style hybrid system
Volkswagen will reveal the second generation of its hugely popular T-Roc in August, which will be the first model to use a new full-hybrid powertrain also bound for the Golf and Tiguan. The next T-Roc, destined to be Volkswagen‘s final all-new model with a combustion powertrain, will be offered with a hybrid powertrain that works similarly… Continue reading New VW T-Roc due in August with Prius-style hybrid system
Tata Motors Sees Brighter FY26 for CV, PV Segments; Awaits Tariff Clarity
Tata Motors Ltd is optimistic about delivering better sales and earnings from its passenger vehicle (PV) and commercial vehicle (CV) businesses in FY26, but lacks clarity on Jaguar Land Rover (JLR) due to ongoing global tariff developments, Group CFO PB Balaji said on Tuesday. “We can give you better numbers as far as CV and… Continue reading Tata Motors Sees Brighter FY26 for CV, PV Segments; Awaits Tariff Clarity