BERLIN — Volkswagen is looking at reducing staff at its plant in Zwickau, Germany due to low demand for electric cars, the dpa news agency reported. The factory is VW Group’s largest EV
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Company Logo Used Cars Market A Used Cars Market A Dublin, Sept. 13, 2023 (GLOBE NEWSWIRE) — The “Used Cars Market By Vehicle Type (Hatchback, Sedan, SUV), By Propulsion (ICE, Electric and Hybrid),
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DETROIT — For Elaphe Propulsion Technologies, the Slovenian company that built the wheel-hub motors for the ill-fated Lordstown Endurance, the truck’s failure is not the end of the road. Luka Ambrozic, Elaphe’s chief
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WEST PALM BEACH, Fla. — A long-standing South Florida-based used car dealership, Off-Lease Only, has filed for bankruptcy in the past week, leaving many surprised and hundreds out of work. Customers and those
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Car shoppers are showing more interest in vehicles selling under $50,000, according to car site Edmunds. That reverses a recent trend that saw shoppers splurging on higher-end models with more features. But cars
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The wholesale prices car dealers pay at auction for the used cars they later sell rose slightly in August. That’s bad news for used car shoppers. Retail prices often follow wholesale prices, making
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LONDON — BMW will invest 600 million pounds ($750 million) at its U.K. plant in Oxford to take its Mini brand all-electric by 2030, a fresh boost for Britain’s car industry after years
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A car dealership has closed its doors for good, citing unprecedented changes in the used car sales industry as the motivating factor behind the decision. Off Lease Only, the Florida-based dealership chain, has
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We’re heading into a big week for the auto industry — and a really big week for Automotive News. We start the week off with a couple of exciting releases: One is entirely
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BEIJING/SHANGHAI — China’s passenger vehicle sales returned to growth in August year-on-year, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak.
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