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Wholesale used-vehicle prices tumbled once again in September, marking another month of cumulative price declines that have defined the wholesale market in 2022. Cox Automotive said Friday that wholesale prices declined 3 percent in September compared with August. The Manheim Used Vehicle Value Index — an indicator of used-vehicle market pricing trends — declined from […]

Amazon.com Inc. is shutting down tests of its home delivery robot, the latest sign that the e-commerce giant is starting to wind down experimental projects amid slowing sales growth. Work on Scout, an autonomous machine launched about three years ago, has already been halted, according to a person familiar with the situation. Amazon spokesperson Alisa

Johan de Nysschen is leaving his job as Volkswagen Group’s North American COO, saying he has “done everything I have set out to do here.” De Nysschen, 62, who previously worked for Audi, Infiniti and Cadillac, framed his departure from VW as a retirement from the auto industry after a three-decade career, indicating that he

Multiple owners, conflicts with regulators in several cities — scooter company Spin is riding the ups and downs of micromobility. But with its March sale by Ford Motor Co. to Germany’s Tier Mobility AG, the company is now looking to take a ride into profitability. Spin plans to reach that goal through several initiatives, CEO

Our Next Energy will spend $1.6 billion on a new battery cell plant in suburban Detroit and begin production of lithium iron phosphate cells and battery packs in 2024, company officials said Wednesday. Known as ONE, the company signed a multiyear lease for a newly constructed 659,589-square-foot building in Van Buren Township, about 25 miles

SEOUL — President Joe Biden has expressed willingness to continue talks with South Korea over recent U.S. legislation that denies subsidies to most foreign makers of EVs, an official from Yoon’s office said on Wednesday. Biden gave the assurance in a letter to South Korean President Yoon Suk-yeol, who had asked the U.S. president last

SEOUL — Just how slippery is Hyundai’s new Ioniq 6 electric vehicle? When the four-door fastback sedan arrives in the U.S. early next year, it will have the same platform and long-range powertrain as the Ioniq 5 compact crossover. But the Ioniq 6 will get a big boost in battery range — thanks mostly to

Lithia Motors Inc. has added former Toyota Motor North America CEO Jim Lentz to its board of directors, expanding it from seven to eight members. The dealership group’s board elected Lentz to fill a vacancy created by an expansion from seven to eight directors on Sept. 30, according to a document filed with the Securities

DETROIT — Hau Thai-Tang spent the final days of his nearly 35-year career at Ford Motor Co. in the same place where he got his first big break: Flat Rock Assembly Plant. The automaker organized a sendoff for its chief industrial platforms officer, who announced his retirement in July, with workers building the Mustang sports

Costco Auto Program aims to partner with automakers to offer more promotions on used vehicles as new-vehicle availability remains limited. For years, retailer Costco’s auto program has worked with several automakers to offer incentives on new cars and trucks to Costco members through a network of more than 3,000 participating franchised dealerships. In August and