DETROIT, MI - The Chevrolet Malibu, the well-known mid-size sedan that was first manufactured and marketed from 1964 to 1983 and then subsequently revived in 1997, is once again getting the ax by the automaker, as Chevrolet announced they will discontinue the model and end its production in November 2024. The reasoning for the end of the Malibu, according to Chevrolet, is … [Read more...] about Chevrolet to End Production of the Malibu Amid Company’s Shift to Building EVs
Slowdown of Supercharger Expansion After Tesla Abruptly Fires 500-Member Team
AUSTIN, TX - Elon Musk, never a stranger to controversy, shocked the automotive industry late last week when he abruptly fired Tesla’s head of electric vehicle (EV) charging, Rebecca Tinucci, along with her entire 500-person team. In an email announcing the news, the Tesla CEO revealed that the rollout of the automaker’s Supercharger network growth plans is going to be … [Read more...] about Slowdown of Supercharger Expansion After Tesla Abruptly Fires 500-Member Team
All New Cars in U.S. Required to Have Automatic Brake Systems by 2029
WASHINGTON, D.C. - A new rule imposed by the administration of President Joe Biden on Monday decrees that, starting in September of 2029, all new cars and trucks sold in the United States will be required to have automatic emergency braking systems installed. The required systems consist of sensors that automatically cause the vehicle in question to break to avoid a … [Read more...] about All New Cars in U.S. Required to Have Automatic Brake Systems by 2029
Cox Automotive: Average Price of Used Cars in U.S. Drops 4 Percent Year-Over-Year
ATLANTA, GA - According to a new report from Kelley Blue Book parent company Cox Automotive, the used car market – formally a safe haven for cash-strapped consumers looking to save money as opposed to opting for more expensive new vehicles – continues to be far less affordable than it used to be. Used car prices are now 25 percent higher than five years ago, and ancillary … [Read more...] about Cox Automotive: Average Price of Used Cars in U.S. Drops 4 Percent Year-Over-Year
Amid Falling Sales, Intense Competition, EV Maker Tesla to Lay Off 10% of Workforce
PALO ALTO, CA - According to an internal memo obtained by media outlet Reuters on Monday, electric vehicle (EV) manufacturer Tesla – amid falling sales and intense competition from other automakers entering the EV market – will officially be laying off over 10 percent of its workforce globally, starting this week. In the memo sent to all staff members, Tesla CEO Elon Musk … [Read more...] about Amid Falling Sales, Intense Competition, EV Maker Tesla to Lay Off 10% of Workforce