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Tesla Heat Pump Problem Prompts Recall of Nearly 27,000 Vehicles in the US, Faulty Software Blamed

Tesla Heat Pump Problem Prompts Recall of Nearly 27,000 Vehicles in the US, Faulty Software Blamed

A Tesla heat pump problem forces the recall of nearly 27,000 vehicles in the United States because the cabin heating systems may not defrost the windshield quickly enough due to faulty software. more

Toyota Posts Record Net Profit for April to December; Weaker Yen Boosts Firm's Earnings for FY 2021

Toyota Posts Record Net Profit for April to December; Weaker Yen Boosts Firm's Earnings for FY 2021

Toyota Motor Corporation had excellent news for its investors on Wednesday, February 9, with the Japanese automaker reporting a record net profit of 2.32 trillion yen ($20.10 billion) for the period of April to December in 2021. more

Tesla Records Impressive Car Sales in California in 2021; Model Y and Model 3 Both Rank in Top 5

Tesla Records Impressive Car Sales in California in 2021; Model Y and Model 3 Both Rank in Top 5

California may not be home for Tesla anymore, but it remains an important market for the world's biggest electric car maker. Tesla recorded impressive car sales in California in 2021, making the state still its biggest market in the United States. more

Nissan Lifts Net Profit Outlook for FY 2021 to $1.8 Billion; Weaker Yen Helps Automaker Boost Profits

Nissan Lifts Net Profit Outlook for FY 2021 to $1.8 Billion; Weaker Yen Helps Automaker Boost Profits

Nissan Motor Co. raised its net profit outlook for the current fiscal year to March to 205 billion yen ($1.8 billion). The weaker Japanese yen and reduced costs helped Nissan boost its profit outlook for FY 2021. more

Tesla

Chip Shortage Forces Tesla to Omit Steering Component: Unit Removed to Hit 4Q Sales Goals in 2021

It appears Tesla was not immune to the supply chain issues that ravaged the global auto industry last year with the computer chip shortage forcing the world's leading electric car maker to remove one of the two electric control units that are normally equipped in the steering racks of some of its vehicles. more

EV Market Grows in Europe: Sales of Electric Vehicles Exceed 1.2 Million Units in 2021

EV Market Grows in Europe: Sales of Electric Vehicles Exceed 1.2 Million Units in 2021

The EV market continues to grow in Europe, with sales doubling last year with over 1.2 million units sold despite the COVID-19 pandemic and semiconductor shortages. more

Hyundai and Kia Recall Nearly 500K Vehicles Due to Fire Risk from Anti-Lock Brake Control Module

Hyundai and Kia Recall Nearly 500K Vehicles Due to Fire Risk from Anti-Lock Brake Control Module

South Korean automakers Hyundai and Kia have recalled nearly 500,000 vehicles in the United States, telling owners to park their vehicles outdoors because they can burst into flames even when not in use, according to the NHTSA. more

Biden Acknowledges Tesla for the First Time Since Becoming U.S. President; Lauds Company's EV Leadership

Biden Acknowledges Tesla for the First Time Since Becoming U.S. President; Lauds Company's EV Leadership

For the first time in his U.S. presidency, Joe Biden publicly acknowledged Tesla's status as the country's largest producer of electric vehicles during a speech to promote companies in the United States that are expanding the nation's EV infrastructure. more

Ferrari to Start Production of Purosangue SUV in 2022; Italian Marque Will Begin Deliveries in 2023

Ferrari to Start Production of Purosangue SUV in 2022; Italian Marque Will Begin Deliveries in 2023

The long wait is almost over for the Ferrari Purosangue, with the Italian luxury carmaker confirming in its 2021 sales report that production of the SUV will begin later this year. Ferrari also announced that deliveries of the Purosangue SUV will start in 2023. more

Tesla Now Holds About $2 Billion in Bitcoin, Giving Major Boost to Cryptocurrency

Tesla Now Holds About $2 Billion in Bitcoin, Giving Major Boost to Cryptocurrency

Tesla made a stunning revelation with its SEC filing on Monday, February 7, with the world's leading electric car maker saying that it was holding nearly $2 billion worth of bitcoin at the end of 2021. more

2022 Jeep Wrangler Makes Huge Splash With Jeep Beach Special Edition and New High Tide Trim

2022 Jeep Wrangler Makes Huge Splash With Jeep Beach Special Edition and New High Tide Trim

The 2022 Jeep Wrangler made a huge splash with the automaker unveiling the new Wrangler High Tide and the Jeep Beach Special Edition in time with the upcoming Jeep beach Week. more

Toyota Tundra I-force Max 2022 Review: Features, Specs Prove It Is an Attention Grabber!

Toyota Tundra i-Force Max 2022 Review: Features, Specs Prove It Is an Attention Grabber!

Toyota finally unveiled the second half of its 2022 Tundra full-size pickup trucks, and they sure are a sight to behold. The 2022 Toyota Tundra with the new i-Force Max hybrid powertrain took center stage in the launch. more

SEC Issues Another Subpoena to Tesla as Row on CEO Elon Musk's Tweets Intensifies

SEC Issues Another Subpoena to Tesla as Row on CEO Elon Musk's Tweets Intensifies

A financial filing from Tesla on Monday, February 7, revealed that the U.S. Securities and Exchange Commission delivered another subpoena to them in an ongoing conflict over tweets of the company's CEO Elon Musk. more

Million-Dollar Cars Help Barrett-Jackson Auction House Smash Sales Record in Scottsdale Event

Million-Dollar Cars Help Barrett-Jackson Auction House Smash Sales Record in Scottsdale Event

Barrett-Jackson's Scottsdale Auction made history this year, raking in a total sales of $203.2 million. At least 1,857 vehicles went up for auction, recording a total accumulative sales of $195.9 million. more

Volkswagen Cuts Production and Night Shifts as Global Chip Shortage Continues To Hit Automakers

Volkswagen Cuts Production and Night Shifts as Global Chip Shortage Continues To Hit Automakers

According to major automaker Volkswagen, supply chain issues will continue to affect the global auto industry, with computer chip shortages expected to linger this year. more

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