Industry Voices
Subaru Issues Correction on $7,500 EV Tax Credit for 2024 Solterra Buyers
Subaru's recent news release has stirred controversy as it erroneously claimed that some 2024 Solterra owners would be eligible for the $7,500 EV tax credit, only to later clarify that manufacturing location rendered them ineligible.Surprisingly, despite these enhancements, Subaru maintains the same starting price of $46,340, inclusive of a $1,345 destination charge. Furthermore, the fine print reveals that the tax credit is accessible for lessees through Subaru Motors Finance, offering a potential workaround for interested parties.
By Dabbie Davis
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Kia Initiates Recall Affecting 100,000+ Vehicles with Roof Molding Concern
In 2023 Kia observed an increasing number of complaints related to loose or detached roof moldings in their Sportage SUVs and Carnival minivans through field reports. This concern prompted Kia North America Safety Office to communicate with Kia Corporation in South Korea, leading to duplication tests for vehicles ranging from model years 2022 to 2024 for Carnivals and 2023 to 2024 for Sportages.
By Dabbie Davis
Nissan Prepares to Pull Out Rogue Production in U.S. Amidst High Supply Prices
Nissan is contemplating relocating Rogue production from the United States, demanding supplier price reductions, which has raised concerns for the Tennessee factory. The company also considers moving production to Japan for cost savings, potentially impacting Smyrna's output. The Rogue currently accounts for nearly 40% of the plant's total production.
By Dabbie Davis
Toyota's Chairman Stands Firm on Electric Car Skepticism and Forecast, EV Peak only at 30%
Akio Toyoda, Chairman of Toyota, reiterates his skepticism about electric cars, predicting a market share capped at 30%. Despite Norway and Sweden's success with EVs, Toyoda remains a vocal critic, advocating for a focus on hybrid and hydrogen technologies, especially in regions lacking electricity access.
By Dabbie Davis
Ford Takes Action: Recalling 1.9 Million Explorers for Safety Concerns Over Trim Piece Risk
Ford is recalling about 1.9 million Explorer SUVs in the United States due to concerns over a trim piece detaching, potentially endangering drivers. The recall covers models from 2011 through 2019, affecting nearly 20 million Ford Explorers. Clips securing the trim near the windshield have the potential to come loose, posing a safety risk.
By Dabbie Davis
Lucid Faces Challenges: Reports Revealed Q4 Production, Deliveries Decline Significantly
Lucid's stock has plummeted to a new all-time low, with Q4 2023 electric vehicle deliveries totaling 1,734, reflecting a 12% YoY decrease from Q4 2022. The company has seen its stock decline by over 60% in the past year.
By Dabbie Davis
GMC Touches New Grounds with Global Market Expansion, New Zealand, China, Australia
General Motors Co. (GMC) is set to expand its presence in three global markets, including Australia, New Zealand, and China. The expansion kicks off with the launch of the Yukon full-size SUV. GMC aims to enter the Chinese market in 2024, with the other markets following suit in 2025.
By Dabbie Davis
Tesla’s $80,000 Cybertruck Design Deficiency Raises Safety Concerns as It Could Slice Off Fingers
A viral 'carrot test' video exposes the potential danger of the Cybertruck's stainless-steel hood, linked to slender body panels. Owners urged caution. Mixed feedback since late 2023 launch.
By Dabbie Davis
