Stellantis revenues rise 14% in Q1 on higher prices, better chip supply

Stellantis had "robust shipments and revenues" in the first quarter, CFO Richard Palmer said.

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Honda surges; Toyota edges up; Hyundai, Kia post double-digit gains

Analysts estimate the overall U.S. new light-vehicle market expanded up to 5.7 percent in April, with fleet driving most of the gain, as inventories continue to recover.

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Toyota investment fund, Nvidia among backers of Israeli software startup

Foretellix plans to use the funding to expand its product portfolio, expand to new countries and work with Toyota and Nvidia on Level 4 vehicle automation.

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Chevy expects under-$25,000 Trax to become one of brand's top sellers

Chevy plans a marketing push starting in June targeting buyers of the previous-generation Trax as well as owners of the defunct Cruze and Sonic sedans.

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Mercedes taps F1 team to keep up with Tesla in race for efficient EVs

Mercedes' F1 team is working on new projects developing parts for mass-market EVs, that include batteries, inverters and new generations of motors.

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Credit Acceptance net income drops 54% in Q1, but loan volume up

Credit Acceptance Corp. took on 89,821 auto loans from car dealerships during the first quarter of 2023, up 23 percent from a year earlier.

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Tesla hikes Model 3, Model Y prices after multiple cuts this year

Tesla added $250 to the Model 3 sedan and Model Y crossover in the U.S. The move comes after CEO Elon Musk defended multiple price cuts earlier this year to spur demand.

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