Industry Voices
Hyundai, Kia Theft Rates Explode, Up by Over 1000% Since 2020
Theft insurance claims for Hyundai and Kia models surged tenfold since 2020, rising to 11.2 thefts per 1,000 cars. The absence of crucial anti-theft features and viral social media exposure exacerbated vulnerabilities.
By Dabbie Davis
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Report Reveals EV Prototype Started Chrysler Tech Center Fire in November
Fire at Chrysler Tech Center linked to an EV prototype disclosed by Stellantis. Auburn Hills Fire Department's insights reveal details: the prototype on a lift required forklift extraction; active fire under the vehicle and hood. Workers suspect coolant malfunction, as exact cause of the fire remains undisclosed.
By Dabbie Davis
US Government Slashes Eligible EV List for $7,500 Tax Credit to 13 Models
Biden administration's recent rules substantially slash the electric vehicle models eligible for the $7,500 tax credit from 24 to just 13. Records reveal a significant reduction, excluding vehicles with Chinese battery components from the credit.
By Dabbie Davis
Tesla Sets Record Deliveries, Proves Taking Lead at the EV Arena
Despite predictions of impressive quarterly figures, Tesla's anticipated delivery numbers may not quite meet CEO Elon Musk's ambitious target of 2 million deliveries. The electric vehicle giant leveraged its substantial profit margins, implementing price cuts globally, particularly in China, where local competition like BYD challenged its market dominance.
By Dabbie Davis
Tesla Cybertruck Design Flaws, Malfunctions Revealed in Leaked Report
"Tesla's Internal Struggles Revealed: Cybertruck's Bumpy Road to Market" Handelsblatt's coverage of leaked "Tesla Files" in May unearthed an engineering report, dated January 25, 2022. Reviewed by WIRED, it exposes ongoing hurdles in the Cybertruck's preproduction "alpha" model, revealing concerns with suspension, body sealing, noise, handling, and braking, possibly explaining delays in its market launch.
By Dabbie Davis
GM's $121 Million Lawsuit Hits San Francisco Over Tax Dispute
General Motors has filed a lawsuit against San Francisco, alleging excessive taxes and interest since 2016, totaling $108 million and $13 million, respectively. The legal battle focuses on taxes related to GM's self-driving division, Cruise, emphasizing its separate financial structure and disputing the city's assessments.
By Dabbie Davis
Top Three Players in Car Industry Gain Big Subsidies, But Massive Layoffs Still on the Way
Recent announcements by General Motors, Stellantis, and Ford to scale back hiring plans and massive layoffs, raise concern. Despite government subsidy hopes, job losses loom, highlighting the auto industry's shifting landscape. Stellantis cites stringent California emissions regulations as a contributing factor.
By Dabbie Davis
2023’s Vanished Vehicles: Models Bid Market Farewell, Won't Roll On for 2024
In the ever-changing automotive world, certain cars do their final lap. The dynamic auto business often drops weak models to create place for better ones. Some cars will stop manufacture in 2023 without replacements. Many of these departing vehicles are gas-powered, although several hybrids are being phased out for all-electric versions.
By Dabbie Davis
