Tag: automotive news
Negative Equity Car Loans Hit 30% of Trade-Ins in Q2
Negative equity car loans continue to weigh on U.S. vehicle buyers, with 30% of trade-ins carrying more debt than the vehicles are worth during the second quarter, according to Automotive News. The trend reflects growing financial pressure on customers who purchased vehicles during the COVID-era supply shortage and are now seeking to trade them in.…
Volkswagen EVs May Be Dropped as VW Cuts Lineup by 2030
Volkswagen EVs could see significant changes as the automaker moves forward with plans to reduce its global vehicle lineup by as much as 50% by 2030. While the company has not identified the specific models that will be discontinued, a new report says several electric vehicles across the Volkswagen Group, including models from Audi and…
Ferrari Admits Luce EV Backlash Exceeded Expectations
Ferrari says it anticipated a strong response to the Ferrari Luce, but the company did not expect the level of criticism that followed the unveiling of its first all-electric model. Despite the widespread backlash, Ferrari global marketing boss Emanuele Carando said the intense public reaction reflects the passion people have for the brand. Speaking with…
Ford Mustang Leads Non-Premium Sports Car Sales in H1 2026
The Ford Mustang dominated the non-premium sports car market during the first half of 2026, selling more vehicles than all of its rivals in the segment combined. Ford reported that Mustang sales reached 28,725 units in H1 2026, marking a significant lead over competing models while posting year-over-year growth. Ford Mustang Posts Dominant First-Half Sales…
Jaguar Type 00 Concept: A Futuristic Vision on the Streets of Paris
Jaguar continues to push the boundaries of automotive design with its striking Type 00 Concept. First unveiled in December at Miami Art Week, the avant-garde electric vehicle (EV) has now made a bold statement on the streets of Paris. Recently, it was spotted at Paris Fashion Week, showcasing its distinctive design and futuristic appeal. But…
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