The Latest Breaking News from Ivan Drury

Today on Critical Materials: the auto industry faces a reckoning over electric door handles. Plus, are Americans fed up with big trucks?

Average new-car prices in the U.S. near $50K, leaving buyers facing higher costs and bigger monthly payments.

It’s the auto industry’s weirdest market. There are six EV trucks on sale in the U.S., made by more brands than the blockbuster half-ton gas truck market. Yet no one is selling big-truck volumes. It is a more expensive version of what is typically an automaker’s most profitable vehicle. Yet…

The redesigned Tesla Model Y crossover that dropped earlier this month has got some heavy lifting to do.

New vehicle sales in the U.S. rose 2.7% last year as prices and interest rates eased a bit, making SUVs, cars and trucks a little more affordable

The Federal Reserve’s third interest rate cut of the year will likely have consequences for debt, savings, auto loans, mortgages and other forms of borrowing by consumers and businesses

Automakers face uncertainty as top-selling vehicles, such as the Ford F-150 truck, are sourced from around the globe

"I hope for the car buying public, nothing is as aggressive as advertised," one analyst said.

While the Tesla vehicle has become a staple with celebrities, it six recalls have made it one of the most unreliable vehicles on the market, making it worse than 91 percent of all 2024 vehicles.