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Our editorial staff has selected and edited this news release for clarity and brand style because we believe it is relevant to our audience.
The new facility, a $5.54 billion investment, will break ground in early 2023 and is expected to begin commercial production in the first half of 2025 with an annual capacity of 300,000 units.
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Gatik will work with Walmart and the Kansas Department of Transportation to develop legislation around autonomous vehicles and deploy operations in the state.
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Taking effect this September, BMW North America appoints Raymond Wittmann, executive vice president and CFO and Marcus Casey, vice president, marketing, both with years of experience in various roles at the company.
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The Ford F-150 Lightning, which just started deliveries to customers in March and is sold out, was the third most-shopped EV and the seventh overall among electrified vehicles.
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Prices remained steady at already-elevated levels, and the conversion rate bumped up in March.
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Invers' API platform integrates OEM APIs and normalizes the data for various vehicle types and brands in their fleets.
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The average listing price at the end of April was $28,365, surpassing the $28,000 mark for the first time since December 2021.
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The trend continues to be much worse now than a year ago when prices were notably lower and incentives were higher.
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Year to date, the total used-vehicle market is on pace to finish down more than 10% from 2021’s 40.6 million total.
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The tally more than doubles last year's comparable period. Orders for Polestars have more than tripled to nearly 23,000 in the same period.
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