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California and others call for recall of Hyundai and Kia vehicles over risk of theft

April 21, 2023 11:38 AM EDT

California Attorney General Rob Bonta, as well as attorneys general of 17 other states on Thursday, call on the National Highway Traffic Safety Administration (NHTSA) to recall Hyundai and Kia vehicles, saying they are more likely to be stolen because they lack safety features that are standard in other cars.

Hyundai and Kia vehicles represent a large share of stolen cars in multiple U.S. cities, according to data from police and state officials. While most cars in recent years have been installed... More

Ford (F) CEO Farley says Tesla (TSLA) price cuts reflect pressure of ageing lineup

April 21, 2023 9:07 AM EDT

Ford (NYSE: F) Chief Executive Officer Jim Farley attended a charity event Thursday night where he commented on Teslas (NASDAQ: TSLA) recent price cuts, saying that the decision reflects the pressure Tesla faces from competition and an ageing product line-up.

Farley said Tesla's price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market, where Tesla's best-selling Model Y faces a range of newer rivals in China and other markets.

Ford, he... More

Ford (F) to bring F-150 Lightning to Norway

April 20, 2023 9:44 AM EDT

American automaker, Ford (NYSE: F) announced Thursday that the company will be launching its F-150 Lightning electric pickup truck in Norway as it hopes to tap into high demand for electric vehicles globally.

In response to "overwhelming public demand" from Norwegian consumers, the F-150 Lightning will reach the country in 2024 as a special Lariat Launch Edition model. Customers in Norway, the worlds most progressive market for EV... More