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New-vehicle inventories rise again in January

New-vehicle inventories were back on the growth track last month after a slight deviation in January, rising despite strong demand as production continues to recover, according to estimates from Cox Automotive and the Automotive News…

Tesla wants to cut its manufacturing costs in half

Tesla Inc. didn't put on a splashy product show at its highly anticipated Investor Day earlier this month. There were no fresh details about its upcoming Cybertruck, no news on updates to the Model 3 sedan or Model Y crossover and no sneak…

UK’s Mini plant could get $592M investment

BMW plans to invest about 500 million pounds ($592 million) at its factory in Oxford, England, where it makes its Mini models, Sky News reported, citing unidentified people. The investment will include a 75-million-pound grant from the UK…

Infiniti global boss Peyman Kargar will retire

TOKYO – The global chairman of the struggling Japanese premium brand Infiniti is retiring from the position at the end of the month and will be replaced by an interim head. Peyman Kargar, who has led Infiniti since June 2020 and was…