Chevy plans to cut the price of the 2023 Bolt EV and EUV by about $6,000, so the brand is compensating customers who paid more when discounts and inventory were scarce.
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Tesla's EV market share is expected to plummet from 70 percent today to 11 percent in 2025, according to the annual 'Car Wars' study published by Bank of America Merrill Lynch.
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Stellantis said its Trenton engine plant will be retooled to a be flexible engine line able to produce the two variations of the 3.6-liter Pentastar V-6 engine.
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Six new federal shareholder lawsuits were filed against CDK, the company's board of directors and Brookfield Business Partners between April 26 and May 5, alleging critical information was left out of acquisition disclosures.
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The Bank of America Merrill Lynch Car Wars study predicts automakers will launch roughly 245 new models over the next four years.
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The Biden administration in May urged the high court to take up the case, saying American Axle's invention was a classic example of a patent-eligible industrial process.
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A new business unit in Shanghai’s Pudong New Area will expand Chinese imports of some of GM's most popular and profitable vehicles built and sold mostly in North America.
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GM's revamped program focuses on teaching firefighters how to safely respond to incidents involving EVs and hybrids.
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The new lawsuits were filed by former Brogden controller Lynda Cole and human resource specialist Brooke Nemechek.
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Craft Automotive Group said it signed an agreement to sell three dealerships to Carter Myers Automotive. The transaction is slated to close in August.
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