Mullen Automotive Inc. MULN, -1.57% gave a business update before market open Monday, with the electric vehicle maker providing details of its latest factory developments and a recently announced $15.8 million contract with MGT Lease Company. The fleet sales and leasing provider took delivery of Mullen’s EV Cargo Vans earlier this year. “The company afterward…
The world’s largest auto market is in the midst of a heated price war, and the situation is only intensifying, making the market ideal for many consumers. In the first quarter, a total of 649 variants of passenger cars, or around 20 percent of all vehicles on the market, saw the transaction price drop of…
Most months there are a few models that are given an extra push with incentives tied to supply and/or a coming redesign. Automakers and dealerships need to make room for new vehicles. These days there’s plenty of room, but some models are still more popular than others. Transaction prices remain elevated for most vehicles, though,…
The guidance will help determine the extent that foreign automakers, including those with production in the EU, are able to benefit from the US tax subsidies. Vestager said she would discuss the guidance with Treasury Secretary Janet Yellen on Friday. A US official told Reuters on Wednesday that the long-awaited sourcing requirements will reduce the…
Autoblog may receive a share of purchases made via links on this page. Pricing and availability are subject to change. With the winter months here, it can be easy to start slacking on your car care. It’s fun and easy to wash your car during the summer, but less so when it’s 20 degrees outside….
Tesla is dropping the price of its popular Model Y compact SUV by a whopping $7,500 through the end … [+] of the month. AFP via Getty Images Traditionally, the best time to go new-vehicle shopping is New Year’s Eve and the days leading up to it. Dealerships are more inclined to haggle with shoppers…