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Indexes from J.D. Power and Black Book both show that wholesale used-vehicle prices grew in May, as is typical in the spring selling season. But the growth was muted, another indication that prices are not surging on the scale they did in 2021. J.D. Power’s Used Vehicle Price Index stood at 218.2 in May, up […]

WASHINGTON — Despite caveats in NHTSA’s first-ever release of data on crashes linked to advanced driver-assistance systems and automated-driving systems, safety experts say the effort is still a useful step toward greater transparency. The nation’s top highway safety agency last week said it received reports of nearly 400 crashes involving driver-assist systems and 130 crashes

Mukesh Chatter, CEO and co-founder of Alsym Energy, hopes to bring groundbreaking battery technology to the automotive market. On Wednesday, he unveiled work related to the company’s progress on developing batteries that aim to be more cost effective and less flammable than traditional batteries. Alsym Energy is targeting electric vehicle use cases. The Massachusetts company’s

DETROIT— General Motors plans to invest more than $81 million to build the Celestiq, Cadillac’s flagship electric vehicle, at the automaker’s Global Technical Center. The Celestiq, expected to launch next year, will be the first vehicle built at the Warren, Mich., tech center, which has been GM’s engineering and design hub since the 1950s. The

ZF Friedrichshafen, an auto supplier to the likes of BMW and many others, is exploring a partial sale of its axle-assembly business amid an industrywide shift to electric vehicles, people familiar with the matter told Bloomberg. The privately-held company is working with Deutsche Bank to search for potential partners for the operation, which offers contract

Stellantis said on Tuesday it will begin an indefinite layoff starting next week at its Sterling Heights stamping plant near Detroit. The world’s fourth largest carmaker did not specify the number of employees being laid off but said, in an emailed statement to Reuters, that the decision was made “in order to operate the plant

Tesla Inc. has had a “very tough quarter” as it struggles with supply-chain snags, CEO Elon Musk warned in an internal memo, imploring workers to help get the EV maker back on track. “This has been a very tough quarter, primarily due to supply chain and production challenges in China,” Musk said in an email

As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the company’s rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers. ELMS excited investors with its concept of electric last-mile delivery vans, reaching a $1.4 billion market value shortly after it started trading

Striking South Korean truckers are considering blocking shipments of coal to a power plant if the government rejects their demands for minimum pay guarantees, a senior trade union official said Monday. The Cargo Truckers Solidarity Union, on strike for a seventh day, is weighing several options to press its demands, including stopping coal to generate

Porsche will offer a North America-specific sports car model with the “America” moniker. The limited edition 2023 Porsche 911 Carrera GTS Cabriolet America will arrive at U.S. dealerships in late 2022, starting at $186,370, including shipping. Only 115 vehicles will be built, with 100 sent to the U.S. and 15 to Canada, making this one