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The average price for a car is nearly $50,000, an increase of close to 30% in the past five years.

President-elect Donald Trump said on Tuesday that Elon Musk and former Republican presidential candidate Vivek Ramaswamy will lead an efficiency office.

The companies said the deal is now up to $5.8 billion - up from $5 billion - with the first VW models to use Rivian's software and electrical architecture arriving as early as 2027.

General Motors' newest all-electric vehicle and the last of a lineup of new EVs announced for its Cadillac luxury brand is a three-row SUV called Vistiq.

GM is proving it's a standout among automakers this year as it continues to consistently outperforms Wall Street's earnings expectations and its competitors.

The National Highway Traffic Safety Administration warned Tesla that its online posts may mislead drivers into thinking its cars are robotaxis.

CARB's regulations call for 35% of 2026 model year vehicles, which will begin to be introduced next year, to be zero-emission vehicles (ZEV).

The automaker posted disappointing second-quarter results and announced reductions in production and staff.

Rivian Automotive missed Wall Street's third-quarter expectations, including a massive difference in revenue of $116 million.

The company's net loss for the third quarter widened to $992.5 million compared with a loss of $630.9 million a year earlier.