#auto-industry

#auto-industry

They were horrible, Trump said at the White House. What [the standards] were doing to the cost and actually making the car much worse. But these policies forced automakers to build cars using expensive technologies that drove up costs and prices and made the car much worse. The Biden-issued standards, ABC News reported, mandated an increase in fuel efficiency each year between 2027 and 2031, which would have brought the average vehicle up to 50.4 miles per gallon.

Manufacturers fear the looming EU ban will deal them another blow, complaining they have not had enough time to build up competitive EV offerings while demand for battery-powered cars is moving far more slowly than expected in Europe. After holding talks with auto industry leaders, Merz vowed to fight against an abrupt total ban from 2035 of sales of new fossil fuel-burning cars. "I will do everything in my power to ensure that this does not happen," he told a press conference.

The new tax break will be available even to people who don't itemize deductions, but there are some caveats that could limit its reach, including vehicle assembly location and loan issuance date.

Alpine has revealed its first bespoke electric vehicle, the A390, equipped with a tri-motor setup that delivers a thrilling driving experience with aggressive styling.

"The company will continue to evaluate the timing and project progression as market conditions change," Honda Canada spokesperson Ken Chiu said in a statement Tuesday.

AI-powered tools can help auto dealers maintain responsiveness that consumers expect, along with several other benefits to efficiency, profitability and growth.