Ford’s Model e EV division reported net revenue of approximately $100 million in the first quarter. But after expenses, the Blue Oval’s EV division lost $1.3 billion in the quarter. Ford said the significant decline in revenue compared to the first quarter of 2023 was primarily due to profit-cutting price cuts. Ford reported first-quarter 2024 net income of $1.3 billion. Read More
As it turns out, the Cadillac Escalade SUV doesn’t offer hands-free highway driving capabilities. Cadillac has added some highly touted features to GM’s flagship SUV for the 2021 model year. However, due to a global microchip shortage, General Motors temporarily removed it. Why delete it now? Throughout… Source: www.kbb.com
The auto industry’s transition to electric vehicles is not an attractive proposition for many U.S. dealerships. Buick, the prominent luxury brand owned by General Motors, plans to go fully electric by 2030. We understand that not all dealers want that. To… Source: Cars Direct
Due to changes to the federal electric vehicle tax credit, some General Motors EVs will no longer qualify for the tax credit next year. After January 1, 2024, the Cadillac LYRIQ and Chevrolet Blazer EV will no longer be available in any part of the Commonwealth Territory. Source: Cars Direct
The 2024 Nissan Armada full-size SUV looks much more expensive than the 2023 Nissan Armada. However, price changes are mostly illusory. Nissan has removed the least expensive trim level from the Armada lineup. We’ve seen this move from many automakers this year as Americans’ tastes become more upscale. A luxury car almost set a record… Source: Kelley Blue Book