Autos

Ford Motor Company has announced an indefinite suspension of its electric F-150 Lightning production, resulting in a $19.5 billion charge against its earnings. Despite this, the automaker has raised its annual operating profit target to $7 billion, reflecting robust sales of its traditional gasoline-powered vehicles.

The automotive industry is bracing for a continued surge in new car prices as the new year approaches, with projections indicating that the average price may remain above $50,000. This anticipated increase is attributed to escalating production costs and the recent elimination of financial penalties for automakers surpassing emission standards, highlighting ongoing challenges in affordability for consumers.

The proposed merger between Honda and Nissan may trigger a series of consolidations in the automotive sector, prompted by advancements in technology, narrow profit margins, and increasing competition from Chinese manufacturers.

Racetrac has installed electric vehicle chargers at its stores, noting that they have increased sales and attracted more visitors, demonstrating that EV charging stations can be beneficial to businesses.

The average length of a car loan has increased to 68.48 months for new cars and 67.41 months for used cars, with longer terms offering lower monthly payments but ultimately costing more in total interest.

States across the country are implementing EV incentives and policies to reduce greenhouse gas emissions, but these efforts may be at risk if Republican leaders continue to roll back such initiatives adopted by Democrats.

The search for the most reliable car brands has risen in recent years. Increasing fuel costs and the booming acceptance of electric and hybrid vehicles have influenced people's mindsets. However, since buying a car is a long-term investment, you should be extra careful in finding the best car for your needs.

Tesla is recalling nearly all 2 million of its cars on US roads to limit the use of its Autopilot feature following a two-year probe by US safety regulators of roughly 1,000 crashes in which the feature was engaged.

A lawsuit filed by Seattle City Attorney Ann Davison against auto manufacturers Kia and Hyundai will move forward, after a federal judge denied the automakers’ motion to dismiss.

Honda is recalling almost 250,000 vehicles due to a manufacturing error that may damage the engine.