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U.S. auto industry faces more uncertainty without extension of USMCA trade deal
9 mins read
  • Autos

U.S. auto industry faces more uncertainty without extension of USMCA trade deal

July 1, 2026 admin0

A major issue for automakers is the deal’s rules of origin, which determine where a product comes from and which goods are eligible for preferential treatment.

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A ‘perfect storm’ points to a much smaller U.S. auto market by 2040
6 mins read
  • Autos

A ‘perfect storm’ points to a much smaller U.S. auto market by 2040

June 29, 2026 admin0

The auto industry is selling fewer cars–one forecaster says this is a fundamental change, and it is going to get worse.

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GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling
3 mins read
  • Autos

GM reveals 2027 GMC Sierra pickup with new V-8 engines, redesigned styling

June 25, 2026 admin0

The new GMC Sierra trucks are crucial to GM’s sales and earnings, especially highly profitable luxury Denali and off-road AT4 models.

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Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year
10 mins read
  • Autos

Slate Auto says each $24,950 electric pickup truck will be profitable as it aims to be cash-flow positive next year

June 24, 2026 admin0

EV startup Slate Auto CEO Peter Faricy told CNBC that every vehicle the company produces will be gross margin positive.

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Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves
2 mins read
  • Autos

Lucid to lay off roughly 18% of U.S. workforce, COO Marc Winterhoff leaves

June 22, 2026 admin0

Lucid Group is cutting its U.S. workforce by 18% as part of a cost-savings plan. It also said COO Marc Winterhoff is departing effective immediately.

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Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online
11 mins read
  • Autos

Carvana’s new vehicle strategy turns dealership into ‘playground,’ test-drive center with sales all online

June 17, 2026 admin0

But don’t expect Carvana to sell you a vehicle at one of its seven Stellantis stores, marking a stark contrast from typical franchised dealers.

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CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan
3 mins read
  • Autos

CarMax shares fall after used car retailer reports earnings beats, CEO details turnaround plan

June 17, 2026 admin0

Despite the beats, questions remain about the company’s ability to grow and cut costs under the plan amid tougher market conditions, including margin pressure.

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Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market
11 mins read
  • Autos

Carvana is expanding into new vehicles. The implications could reshape the U.S. automotive retail market

June 16, 2026 admin0

Carvana has bought seven new vehicle franchises since last year that primarily sell Stellantis’ Chrysler, Dodge, Jeep and Ram brands.

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Rivian CEO taking different approach than Elon Musk for humanoid robotics company
5 mins read
  • Autos

Rivian CEO taking different approach than Elon Musk for humanoid robotics company

June 13, 2026 admin0

Rivian CEO RJ Scaringe started a robotics company late last year called Mind Robotics that he says has has raised more than $1 billion.

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How pandemic car shortages are still making new and used cars expensive
5 mins read
  • Autos

How pandemic car shortages are still making new and used cars expensive

June 10, 2026 admin0

Pandemic-era shortages are still pushing up used car prices, and automakers learned lessons from that time that stands to keep supply tight

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