According to Cox Automotive data, Americans spent $655 billion buying new cars in 2025, compared with $524 billion spent on buying used cars.
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GM’s growth capacity has become strained in recent years, in part due to uncertainty around the future of electric vehicle demand.
With the German car industry mired in structural disarray, the pivot to the thriving defense sector has fast become a sign of the times.
Stellantis’s $69.6 billion revival plan includes nine North American models priced under $40,000 and refreshes of a dozen others.
In a note to clients on Tuesday Morgan Stanley analysts flagged Ford Energy as having the potential to be a $10 billion business.
The automaker posted first-quarter earnings before interest and taxes of $4.3 billion, easily beating analysts’ expectations.
High interest rates and prices (an average of $49,275 for new cars in March, per Kelley Blue Book data) have kept buyers from the car market.
According to Kelly Blue Book figures, US electric vehicle sales fell 36% to 234,171 units in the fourth quarter of 2025.
General Motors faces another speed bump thanks to a recent deal that will allow thousands of Chinese EVs into Canada.
Tesla’s sleek cars and futuristic trucks have defined Elon Musk’s public image, but SpaceX is the real engine behind his growing net worth.
The last three months of 2025 are only the start of a downturn for EV sales: The pace is expected to keep slowing next year.
Despite initial concern from motorists, robotaxi services are finding plenty of passengers as they expand across the country.
US automakers General Motors, Stellantis (formerly Fiat Chrysler) and Ford are bracing for slowing sales in 2026 amid rising unemployment.
Trump said the Biden administration proposal “forced automakers to build cars using expensive technologies that drove up costs” and prices.
Boston city council members are considering an ordinance that would require a “human safety operator” to be present in autonomous vehicles.
When First Brands filed for bankruptcy last month, it listed over $10 billion in liabilities and nearly $6 billion in long-term debt.