After decades of trying to sell German engineering to Americans only to end up with a tiny slice of the world’s most profitable car market, Volkswagen has a new strategy: Pretend it is American. I
Negotiations between President Joe Biden and House Speaker Kevin McCarthy continued this week, though no deal has yet been reached on raising the debt limit. The House adjourned yesterday but were reportedly told to be prepared to return to Washington on short notice to pass a debt limit bill.
South Korea's Hyundai Motor Group and LG Energy Solution on Friday said they will build a $4.3 billion EV battery plant in the United States amid a push to take advantage of tax credits.
While politics may often appear irrelevant to car dealers, retailers must stay informed on the conversations taking place in Washington, D.C. as even small decisions could have far-reaching effects on the automotive industry.
Honda Motor Co. will return to Formula One racing by supplying engines to Aston Martin's F1 team starting in 2026 and competing as Aston Martin Aramco Honda. Honda officially withdrew from F1 in 2021 but the automaker has continued to provide engines to current world champions Red Bull, who have already announced a deal with Ford from 2026.
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