#automotive-facilities

#automotive-facilities

"I can't say they didn't do it, all I can say is they haven't demonstrated that they have."

Kia's 2030 EV sales target now stands at 1 million units annually, a reduction of roughly 20% from the previous target of approximately 1.26 million units. This adjustment reflects the impact of eliminated US EV subsidies and a slowdown in battery-electric sales.

Consumer prices rose 3.3% in March, the biggest yearly increase since May 2024, while new car prices were up 12.6% from a year ago, the Labor Department reported Friday.

Porter complained about difficulties when trying to insert lines in Excel. (Which, to be fair to Microsoft, is relatively straightforward - need to insert a row? Right-click on a selected row. Need to insert a line in text? Alt+Return is probably going to be your friend.) But then Porter turned to that other productivity stalwart, Word. "Never underestimate Microsoft's ability to make things more complicated," he said.

On average, fuel prices are up almost a dollar per gallon, or 25 percent, according to AAA. For a nation as addicted to the automotive as we are, that's bad news. Except, of course, for electric vehicles.

General Motors is working to reduce the cost of its electric vehicles, beyond just using cheaper lithium-ion batteries, the automaker said Tuesday during its fourth quarter and full-year 2025 earnings call. The update comes just as the automaker booked over $7 billion in charges related to cutting down its EV ambitions last year, which includes things like contract cancellation fees and converting its Orion, Michigan, EV assembly plant for the production of full-size gas trucks and SUVs.

General Motors has one of the broadest electric-vehicle lineups in the United States, spanning everything from compact crossovers to full-size trucks. But the manufacturer is already preparing the next stage of its EV evolution, and some changes will even appear on the 2028 Cadillac Escalade IQ. GM plans to roll out next-generation software with that model, which is also expected to be the first to feature lidar for more advanced autonomous driving capabilities and conversational AI.