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WASHINGTON — As automakers electrify more of their portfolios to meet the EPA’s new and increasingly stringent rules on vehicle emissions, the industry will be looking for additional support to grow the EV market in the U.S. But the uncertain future of the Build Back Better Act — a roughly $2 trillion reconciliation package that […]

Lamborghini Philadelphia is putting the “I” into in its “F&I” to make sure customers get what they want. About a year ago the Devon, Pa., dealership began offering auto and homeowners insurance policies to its white-shoe clientele. The move is generating additional revenue for the dealership and fostering goodwill from customers. When selling a new

Automotive mirror supplier Gentex Corp. said shortages in electronic components put a significant drag on its fourth-quarter financial performance compared with a year earlier. The producer of dimming rearview mirrors and camera-based driver-assistance systems said Friday that fourth-quarter net income plunged 41 percent to $84.2 million. Revenue fell 21 percent to $419.8 million. Gentex avoided

TOKYO – The world’s biggest automaker got bigger in 2021 and by a bigger margin. Japanese juggernaut Toyota Motor Corp. clinched the world sales title again last year and expanded its lead over No. 2 Volkswagen Group by deftly dodging the global semiconductor shortage. Toyota rocked the sales charts by chalking a 10.1 percent increase

General Motors and LG Energy Solution will add battery recycling to their Ohio battery-cell plant campus in 2023, the companies said Thursday. Battery recycling company Li-Cycle plans to open a recycling center near the Ultium battery-cell plant, centralizing a crucial piece of the electric vehicle supply chain. Ultium Cells, a joint venture for battery development

Tesla will not be launching output of the Cybertruck EV pickup this year as it focuses on increasing capacity at current plants in California and China and begins production at new factories in Texas and Germany, CEO Elon Musk said Wednesday. “We will not be introducing new vehicle models this year,” Musk said on the

Western Canada’s Knight Automotive Group entered the U.S. last month, buying two Ford dealerships in California. Kevin Knight and Knight Automotive on Dec. 9 bought Sunrise Ford Fontana and Sunrise Ford North Hollywood, both in California, from the Bruncati family, according to Performance Brokerage Services, an Irvine, Calif., buy-sell firm that handled the transaction. “We

Kia’s EV6 electric crossover will come in a base, standard range version starting at $42,115 with shipping and move up the trim ladder to a GT-Line dual-motor priced at $57,115 with destination charges. The base Light trim comes with a 58-kilowatt-hour battery pack rated at 232 miles of range on the EPA testing cycle, Kia

SEOUL — South Korea’s Hyundai Motor Co. forecast on Tuesday its vehicle production would rebound in the first half of this year as a global chip shortage is expected to ease gradually from the second quarter. “The normalization of auto chip supply and demand is expected in the third quarter, when the capacity of semiconductor

Ally Financial, one of the nation’s largest auto lenders, said it anticipates at least a 15 percent reduction in used-vehicle prices by the end of 2023. Prices have been increasing, and the path to Ally’s estimated cumulative decline of 15 to 20 percent in the next two years might not follow a straight line, CFO