Dutch e-bike specialist is known for its urban-focused city commuters packing premium features and technology. To further add to its commuter appeal, the brand has released a range of new step-through electric bikes that place an emphasis on practical and convenient commuting.  The new models consist of the Avignon C380 HMB, the Arroyo C5, the Ultimate […]

A dip in lease income contributed to GM Financial’s drop in first-quarter earnings, which fell 39 percent to $584 million, the company reported Tuesday. The captive lender in the same quarter of 2022 earned $962 million. The lender’s first-quarter earnings before taxes were $771 million, down from $1.3 billion the same time last year. General

Tesla has just expanded its Non-Tesla Supercharger Pilot program to China, where for the very first time, other electric cars can use Tesla Superchargers and destination charging points. The pilot rollout includes a total of 10 select Supercharging stations (five in Beijing and five in Shanghai) as well as 120 destination charging points in 25

Toyota’s new CEO Koji Sato believes the popular Japanese automaker can make big profits on EVs with just three basic steps. However, as we’ve seen other carmakers amid the transition, it may not be as easy in practice as it is on paper. We’ll have to wait and see if the new CEO’s efforts are a quick

Asbury Automotive Group Inc.‘s net income dropped 24 percent to $181.4 million and its revenue fell 8.4 percent to $3.58 billion during the first quarter as the national auto retailer operated with fewer stores than a year earlier. “I am pleased with our performance coming off of a record year,” Asbury CEO David Hult said

The National Association of Minority Automobile Dealers is looking for a new leader. Hugene Fields, who was introduced as president during NAMAD’s October convention in Miami, left the organization March 31 after only five months. Damon Lester, NAMAD’s vice chairman, has returned to his previous role as president on an interim basis until a permanent

GM and Samsung SDI announced Tuesday that they will form a joint venture for battery production.  In a release, the companies made clear that this joint venture, starting with more than $3 billion, won’t initially be making batteries that directly replace or augment the brand’s Ultium cell strategy developed with LG.  The new plant will

Production of the Chevrolet Bolt EV and Bolt EUV electric cars at the plant in Orion Township, Michigan will come to an end in late 2023. General Motor’s CEO Mary Barra announced the news during the company’s first-quarter earnings call. The Chevrolet Bolt EV (later joined by the Bolt EUV version) was introduced in the United