BMW reports 2022 margins will be lower because of the Russia-Ukraine conflict.
Alternative fuel vehicles now represent nearly 16% of new vehicle financing; banks originated more than 55% of new alternative fuel vehicle loans.
CEO Jim Farley says the automaker has no plans to spin off its EV business during a virtual Wolfe Research investor conference.
Nissan Motor Co. Ltd. plans to stop developing new internal combustion engines except in the U.S.
Global sales in 2021 were the second-highest annual result for Lexus. The brand’s all-time sales record of 765,330 units came in 2019 before the pandemic.
The White House hosted the chief executives of major U.S. companies including auto and tech sector firms this week to discuss President Joe Biden's $1.75 trillion Build Back Better legislation.
The EV race heats up as Ford Motor Co. and General Motors Co. highlight new electric pickups while other car companies get ready to release new battery-powered models in 2022.
U.S. faces tough choices in 2022 on mines for electric-vehicle metals.
Ford Motor Co. CEO Jim Farley says he hopes to overtake Tesla in U.S. electric-vehicle sales, but first he hopes to overtake GM.
The proposed strategy includes building 500,000 charging stations for electric vehicles across the country and lowering the cost of electric cars.
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