Arizona is known for its sunshine and heat. As a result, many vehicles succumb to the extreme temperatures with auto glass damage. In fact, drivers in Arizona are more likely than drivers in any other state to need their windshield repaired. Why does Arizona fall into first place when it comes to windshield damage? Read…
Category: Automotive News
Ford sales rise 10% in the first quarter as inventory improves
Ford Motor Co.’s US light-vehicle sales rose 9.9 percent in the first quarter, driven by increasing supplies and strong demand for new products. Sales by the Ford brand jumped 10 percent, making it the bestselling US brand in January through March. Lincoln sales fell 1.1 percent on fewer deliveries of the Corsair compact crossover. In…
Nikola battles for scarce funding as it launches its first truck
Like every other startup, Nikola is in search of funds to continue its mission to deliver zero-pollution cargo-moving trucks. Last week, it floated a $100 million stock offering that underwhelmed Wall Street. The company’s cash is being spent in three major areas: building trucks, creating a network of hydrogen fueling stations and developing software for…
Renault’s Alpine Brand Is Developing Two Electric Crossovers for the US
Alpine Developing Two Crossovers for the USGREG PAJO Renault performance sub-brand Alpine is developing two electric crossovers for the United States market, the company’s CEO confirmed Thursday. Alpine boss Laurent Rossi told journalists on a roundtable phone call the “US is the main destination for these cars,” reports Automotive News. The first will be a…
Nikola, once the ‘Tesla of trucking,’ sells stock at a discount
Nikola Corp.‘s planned move to ramp up production of semitrucks powered by electric batteries and hydrogen fuel cells will be costly. The Phoenix company is expected to raise $100 million for “working capital and other general corporate purposes” through a secondary stock sale of roughly 90 million shares. The sale is expected to close by…
Mullen Automotive Accelerates Implementation of Its
Class 1 commercial EV cargo vans to be outfitted with Mullen’s solid-state polymer battery technology, increasing current range from 110 miles to more than 200 miles on a single charge The first Class 1 EV cargo van test vehicle with the solid-state polymer technology will be hitting the roads for testing by Q4 2023 BREA,…
Reynolds and Reynolds acquires DealerCorp Solutions
Dealership management system giant Reynolds and Reynolds has acquired DealerCorp Solutions, a Canadian software company and partner focused on providing digital retailing tools to dealerships. Neither side disclosed financial terms. The acquisition, which was finalized Friday, builds on a relationship between the companies dating to 2021 and will help Reynolds grow its presence in Canada….
Rising new car prices stalling purchases
More than a quarter of shoppers who would have bought a new vehicle within a year now report they’ll give it another 12 months. Additionally, interest in buying a new vehicle within the next six months has fallen below pre-pandemic levels, according to market research company GfK, which pointed to vehicle affordability as the culprit….