More than 30 million US drivers don’t know if they’re at risk from a rare but dangerous airbag blast
May 19, 2023 GMTDETROIT (AP) — More than 33 million people in the United States are driving vehicles that contain a potentially deadly threat: Airbag inflators that in rare cases can explode in a collision and spew shrapnel.
US auto sales up 7.5% in 1Q; interest rates hit 15-year high
April 3, 2023 GMTDETROIT (AP) — U.S. new-vehicle sales rose 7.5% in the first quarter as supplies improved and sky-high prices eased a bit while the global shortage of computer chips started to wane.
Electric car stores will be restricted in Mississippi
March 15, 2023 GMTJACKSON, Miss (AP) — Mississippi Gov. Tate Reeves signed a bill Tuesday restricting electric car manufacturers from selling vehicles in person unless they open franchised dealerships.
Defying calls from some fellow Republicans in the Legislature to veto the measure, Reeves enacted into law House Bill 401, introduced by Republican Rep.
Japan’s Nissan slashing EV costs, cuts rare materials use
March 9, 2023 GMTTOKYO (AP) — Japanese automaker Nissan is revving up its electrification shift and slashing costs by using the same components across models and reducing use of expensive rare materials.
Tesla price cuts: Flagging demand or tactic to boost sales?
March 6, 2023 GMTDETROIT (AP) — In explaining why Tesla Inc. keeps cutting prices on its electric vehicles, the auto industry is pretty much divided into two camps.
On one side are analysts who see an aggressive move by the leading manufacturer of EVs to gobble up sales and market share from its competitors just as they're beginning to bring more vehicles to market.
Ford to raise production as US auto sales start to recover
March 3, 2023 GMTDEARBORN, Mich. (AP) — Ford will increase production of six models this year, half of them electric, as the company and the auto industry start to rebound from sluggish U.S.
Mississippi passes bill restricting electric car dealerships
March 3, 2023 GMTJACKSON, Miss. (AP) — The Mississippi Senate gave final approval Thursday to a bill to restrict electric car manufacturers from opening new brick-and-mortar dealerships in the state unless they comply with the same laws traditional carmakers follow.
Japan’s Nissan reports better profit as chip crunch eases
February 9, 2023 GMTTOKYO (AP) — Nissan reported a 55% jump in its October-December profit Thursday, as the Japanese automaker gears up for a less bumpy journey with its French alliance partner Renault.
Profit for the quarter at Yokohama-based Nissan Motor Co.
Toyota reports 8% drop in Oct-Dec profit, keeps forecast
February 9, 2023 GMTTOKYO (AP) — Toyota reported an 8.1% drop in fiscal third quarter profit Thursday, as a global shortage of computer chips and soaring raw material costs battering the auto industry hit Japan’s top automaker.
Renault, Nissan reboot auto alliance for post-Ghosn era
February 6, 2023 GMTLONDON (AP) — Automakers Renault and Nissan on Monday formalized their reboot of a relationship that had grown rocky, culminating in the spectacular fall of top executive Carlos Ghosn, who had led successful turnarounds at both companies before his arrest and daring escape.
GM quarterly profit jumps 16% as sales rebound late in 2022
January 31, 2023 GMTDETROIT (AP) — Rising factory output led to strong U.S. sales at the end of last year, pushing General Motors' fourth-quarter net income up 16% over the same period a year ago.
The Detroit automaker made $1.99 billion from October through December, or an adjusted $2.12 per share, easily beating Wall Street per-share projections for $1.69, according to a poll of industry analysts by FactSet.
Toyota CEO Akio Toyoda to step aside, become chairman
January 26, 2023 GMTTOKYO (AP) — Toyota set up a new leadership team Thursday in what the Japanese automaker said was a move to stay abreast of social changes like electrification and becoming a wider “mobility company.”
Supply chain woes caused US auto sales to fall 8% last year
January 4, 2023 GMTDETROIT (AP) — Shortages of computer chips and other parts continued to hobble the U.S. auto industry last year, contributing to vehicle sales dropping 8% from 2021 to their lowest level in more than a decade.
EXPLAINER: 2023 tax credits for EVs will boost their appeal
December 29, 2022 GMTWASHINGTON (AP) — Starting Jan. 1, many Americans will qualify for a tax credit of up to $7,500 for buying an electric vehicle. The credit, part of changes enacted in the Inflation Reduction Act, is designed to spur EV sales and reduce greenhouse emissions.