As the global economy continues to grapple with inflation, fleet companies are feeling the impact on their bottom line. Many fleet managers are asking how to reduce fleet costs in today’s environment. Inflation affects fleet companies in a variety of ways, from increasing fuel and maintenance costs to raising insurance premiums. It is crucial for fleet companies to implement effective cost management strategies to maintain profitability and remain competitive in today's market.
The latest numbers add up to a gutpunch for the resale values of used electric vehicles as the early adopter market for EVs taps out and mainstream vehicle buyers remain cautious.
Over 30,000 hybrid SUVs have been recalled after a review of customer data discovered some vehicles caught fire while turned off and some while connected to chargers.
More competitive pricing and consumer reluctance are taking their toll on the automaker's ambitious electrification plans.
For the second time, the Kona Electric has been selected for the HMPA Awards, which recognizes the best vehicles for Hispanic consumers.
First introduced at the Shanghai Auto Show in April 2023, the Polestar 4 will be launching in early 2024, and deliveries are expected later the same year.