Latest Car, EV, Dealership, Technology and Tariff News
The 2026 Toyota RAV4 will follow the Camry and come standard with a hybrid powertrain, with a PHEV available as an option. The sixth-generation RAV4 arrives in U.S. showrooms this fall, Toyota said.
The MEB Plus platform with cheaper lithium iron phosphate battery chemistry is seen as the “next big step” for EVs to achieve profit margin parity with combustion-engine cars.
Tesla will launch a robotaxi service in June but will limit the number of cars and service area at first, Elon Musk told CNBC.
Group 1 Automotive Inc. bought three luxury-brand dealerships in Florida and Texas.
Slate, which is targeting late-2026 production, has been operating in “stealth mode” since 2022. One key investor is Amazon founder Jeff Bezos.
Auto finance executives on May 13 at Auto Finance Summit East shared considerations and approaches for a U.S. tariff policy that lenders suggested could pose borrower affordability and lease depreciation challenges to their sectors. But some described an upside to the duties as well.
Subaru said in a statement that the increases were made in response to “current market conditions,” without citing tariffs or specific price actions.
The Senate plans to vote this week to bar California’s landmark plan to end the sale of gasoline-only vehicles by 2035 that has been adopted by 11 other states.
Updates on the latest automotive industry effects from the Trump tariffs
The sweeping belt-tightening effort will involve hundreds of job cuts in the U.S. and factory consolidation in Mexico.
