Forget EVs: These 3 Stocks Are a Better Way to Play the Auto Recovery
The auto industry has had a rough go of it over the past few years. After a mini-recession resulting from the U.S.-China trade war sent auto sales down 1.4% last year, the COVID-19 pandemic put a big dent in sales…
Why Canada and Ontario are kicking in $447 million for EVs at Ford plant
The provincial government, meanwhile, sees EV production in Oakville as a “critical component” in supporting Ontario’s automotive supply chain. It also sees the investment as a potential boost for Ontario’s mining industry, which mines materials that can be used for…
Honda quits Formula 1 racing to focus on EVs and fuel-cell tech
Honda is giving up its prestigious Formula 1 program to shift more resources into battery-electric and hydrogen fuel-cell tech. The automaker unexpectedly announced Friday that it would withdraw from F1 at the end of the 2021 season. Honda currently supplies…
VW sees EVs making up 90% of Norway sales in 2021
OSLO — Electric cars will likely make up 90 percent of Volkswagen Group’s sales in Norway next year and could completely replace diesel and gasoline engines in the Nordic country by 2023, the automaker’s local importer said on Wednesday. The…
Column: Auto dealers face a business revolution as EVs gain market share | Money
Dealers say they’re willing to sell whatever consumers want to buy. But they also say that consumer preferences reflect dynamic factors in the marketplace, including the price of gasoline, and that the auto industry hasn’t been especially skilled at anticipating…
Auto dealers face a business revolution as EVs gain market share
It was Friday morning, and eight members of the sales staff at Felix Chevrolet were gathered around the table for a weekly seminar led by Darryl Holter, the boss of the venerable downtown Los Angeles dealership. © (Duane Burleson /…
Auto dealers face a business disruption as EVs are poised to gain market share
It was Friday morning, and eight members of the sales staff at Felix Chevrolet were gathered around the table for a weekly seminar led by Darryl Holter, the boss of the venerable downtown Los Angeles dealership. This may be one…
Mercedes-Benz details plans for 6 new EVs
“While we will expand the electrified portfolio towards a share of more than 50 percent of global sales by 2030, our investments in combustion engine development will decline quickly and the number of combustion engine variants will fall by 70…
New EVs will more likely be crossovers, SUVs
Now, automakers are targeting more than just performance and looks as they seek to design EVs that can finally generate meaningful volume, too. Brauer said the Chevrolet Bolt EV and luxury offerings such as the Jaguar I-Pace and Audi E-tron…
Gov. Newsom’s call to produce only EVs by 2035 runs into a wall: Roadshow
Q: Gov. Gavin Newsom’s plan to produce only electric cars by 2035 will not work for poor people. Not only do auto manufacturers and dealers mark up electric cars to an insane level above their cost (last time I shopped,…
