After lowering the price of the Bolt EV and EUV by about $6,000 for the 2023 models, Chevrolet plans to compensate customers who paid more for the vehicles this year. All U.S. customers who bought a Bolt EV or EUV in 2022 are eligible for reimbursements, Chevy said this week in a memo to dealers

Craft Automotive Group of Lynchburg, Va., said last week that it has signed an agreement to sell its three dealerships to Carter Myers Automotive, a growing dealership group in Charlottesville, Va. The agreement for Craft Automotive to sell Billy Craft Honda, Billy Craft Chrysler-Dodge-Jeep-Ram and Craft Hyundai, all in Lynchburg, to Carter Myers becomes effective

One of Europe’s biggest automakers warned after a deal to phase out combustion engines that the industry is doomed unless EVs get less expensive. Stellantis is aiming to cut the cost of making electric vehicles 40 percent by 2030, Chief Manufacturing Officer Arnaud Deboeuf said Wednesday. The producer of Fiats, Rams, Jeeps and Peugeots, among

Tesla Inc. has laid off hundreds of workers on its Autopilot team as the electric-vehicle maker shuttered a California facility, people familiar with the matter told Bloomberg. Surprisingly, the majority of those who were let go were hourly workers, said the people, who asked not to be identified discussing private information. As recently as last