The congressional shakeup could diminish the swing-vote influence of dissenting Democrats such as Sen. Joe Manchin, while boosting the profile of members such as Georgia Sen. Raphael Warnock, whose state has landed multibillion-dollar investments from the electric vehicle industry, including from Hyundai and Rivian.
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CEO Mary Barra said the automaker wants to build in redundancy to reduce the possibility for disruptions, a lesson it took from the ongoing microchip shortage.
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Mexico and Canada won a trade dispute with the U.S. over cars shipped across regional borders, potentially giving manufacturers more incentive to make auto parts in those nations.
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EV maker Tesla earns top honors for loyalty in industry studies. But Elon Musk's purchase of Twitter and his politically divisive posts there threaten the brand's positive image, analysts say.
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Canada's Knight Automotive Group acquires four dealerships near Sacramento, part of three U.S. acquisitions in a year, all in California.
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Lithia Motors Inc.'s collection of exotic and ultraluxury dealerships expanded with a purchase of a store in Colorado.
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Finding ways to effectively recycle electric vehicle batteries will be crucial for the auto industry as it looks to figure out where it will source critical materials in 2030 and beyond.
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Tesla led EV registrations in the January-October period with a 65 percent market share, according to Experian. Tesla was also the No. 1 luxury brand, regardless of fuel type, by a wide margin.
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Tesla, facing rising inventories, may need to cut prices in China further in the coming year because it increasingly appears to have a demand issue, one analyst said this week.
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Cox Automotive said its Manheim Used Vehicle Value Index fell just 0.3 percent in November from October, following more substantial declines earlier in the autumn season.
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