KIA ANNOUNCES PRICING FOR 2025 SORENTO PHEV
May 16, 2024
Today, Kia announced pricing details for the 2025 Sorento PHEV, which receives a range of enhancements that lend the electrified SUV a more confident and modern appearance along with a newly added EX trim. Paired with a technology-rich interior, the updates aim to cater to the digital needs of today's consumers.Trim Le ... Continue reading
New Car Inventory Up 35%: Temporary Relief or New Normal for Consumers?
May 16, 2024
new-car inventory levels increased by 35% compared to 2023, indicating fewer pressures for consumers to compromise on their vehicle choices. But is this the new normal, or just a temporary reprieve? - New Car Prices: Up 30% from pre-pandemic levels, but stable month-over-month. ... Continue reading
Auto Dealer Asbury Automotive Group Increases Stock Repurchase Authorization to $400 Million
May 16, 2024
DULUTH, Ga.--Asbury Automotive Group, Inc. (the “Company”), one of the largest automotive retail and service companies in the U.S., today announced its board of directors approved an increase in the authorization of the share repurchase plan for the Company, which expands the remaining availability to $400 million. ... Continue reading
EV Purchase Consideration Ebbs While Charging Concerns Continue to Grow, J.D. Power Finds
May 16, 2024
TROY, Mich.--Consumer demand for electric vehicles (EVs) has cooled as the industry grapples with persistent growing pains, according to the J.D. Power 2024 U.S. Electric Vehicle Consideration (EVC) Study,SM released today. For the first time since the study’s inception in 2021, new-vehicle buyer consideration has dr ... Continue reading
Biden Takes Action to Protect American Workers and Businesses from China’s Unfair Trade Practices
May 15, 2024
President Biden’s economic plan is supporting investments and creating good jobs in key sectors that are vital for America’s economic future and national security. China’s unfair trade practices concerning technology transfer, intellectual property, and innovation are threatening American businesses and workers. ... Continue reading
May 15, 2024
CENTENNIAL, Colo.--Westwater Resources, Inc. (NYSE American: WWR), an energy technology and battery-grade natural graphite company (“Westwater Resources”), today acknowledged its support of the recent actions taken by the United States Trade Representative and the White House, related to electric vehicle (“EV”) ... Continue reading
2024 Path to EV Adoption Study
May 15, 2024
Many EV Skeptics will become Considerers in the next three to five years. Consideration dips, even as EV demographics shift and become more mainstream. ... Continue reading
EVgo Doubles Down on Commitment to Begin NACS Deployments in 2024
May 14, 2024
North American Charging Standard (NACS) connectors – currently in the process of being standardized as SAE J3400 – on its fast charging network later this year. As part of its commitment to serve all EVs, stations included in the roll-out will serve both CCS and NACS vehicles. ... Continue reading
Everything You Need to Know About Title Loans
May 13, 2024
Most people assume that a title loan is the same as selling your car – not true! When you take out a title loan, you are using your car as collateral for a loan amount based on the value of your car. ... Continue reading
May 12, 2024
Over the past 27 years millions of vehicle shoppers have used The Auto Channel ... Continue reading
ExxonMobil Hit with $725M Verdict for Failure to Warn About Cancer-Causing Benzene in Gasoline
May 12, 2024
Waters Kraus Paul & Siegel: Philly jury finds benzene in gasoline caused former mechanic's leukemia diagnosis PHILADELPHIA, May 10, 2024 -- A Philadelphia jury has returned a $725.5 million verdict against ExxonMobil, finding the company's failure to warn about known health risks of exposure to cancer-causing benzene i ... Continue reading
Online Used Car Dealer Vroom Loses 67 MIllion In First Quarter 2024
May 12, 2024
Adopted new reporting segments to align with continuing operations at United Auto Credit (UACC) and CarStory Tom Shortt, the Company’s Chief Executive Officer, said “As we previously announced, our ecommerce wind-down was substantially completed during the first quarter of 2024. ... Continue reading
Cars.com Reports First Quarter 2024 Results
May 9, 2024
Delivered Strong Revenue Growth Including 13% Year-Over-Year OEM and National Growth Achieved 5% ARPD Year-Over-Year Growth Generated $33MM of Year-To-Date Cash Flows From Operating Activities Amended and Extended Credit Agreement into a $350MM All-Revolver Structure CHICAGO, May 9, 2024 -- Cars.com Inc. (d/b/a "Cars C ... Continue reading
May 7, 2024
The growing recognition of the environmental, economic and political downsides associated with world sourced petroleum based fuels, should be generating increased interest in realistic, upside only domestic renewable and sustainable energy sources, but its not!. ... Continue reading
Nutson's Weekly Automotive News Wrap-up April 28-May 4, 2024
May 5, 2024
Here are Larry's top story picks from this past week's important to you, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-understand automotive news nuggets. ... Continue reading
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