Auto retail giant Lithia Motors Inc. exited Alabama last month with the sale of a Subaru dealership and the group sold two additional dealerships — which it owned for just a few months — in the third quarter of 2022. Ryan Mayer, owner and president of Tameron Gulf Coast dealership group, bought Subaru of Mobile […]

Honda Motor Company yesterday announced new steps to accelerate electrification, announcing the introduction of new BEV models in key markets including North America, China, and Japan from 2024. Honda also plans to introduce better batteries, powerful software and a totally transformed driver interface to catch up to EV industry leaders. In addition, the automaker plans

Tesla Inc. is now charging less for the cheapest version of the Model Y crossover than what the typical new vehicle sells for in the U.S., a threshold Elon Musk crossed in blazing fashion. At $46,990, the base Model Y now costs $759 less than the average amount paid for a car or truck in

Robert Bosch plans to acquire a California microchip maker and invest around $1.5 billion in it to help meet growing demand for silicon carbide chips in electric vehicles, the world’s largest parts supplier said Wednesday. It will be Bosch’s first U.S. chip plant. The move comes as the Biden administration tries to foster more microchip

Chinese EV manufacturer NIO says that 60 percent of drivers using its electric cars prefer swapping their EV’s battery at a quick change station rather than plugging in and recharging. The Asian car maker bet big on battery swap stations since its inception in 2014 and says that more and more drivers of its models