As a million new car buyers disappear from the U.S. economy, a new car is increasingly becoming a distant dream

Photo: Nic Antaya

There is not only a recent decline in new car ownership. Trends suggest that buying a new car is increasingly a bold move, rather than something ordinary Americans can do. Projections from Ford, GM, Toyota and other automakers all agree on one thing: Americans aren’t ready to buy more new cars anytime soon, according to … Read more

Honda abandons all-electric dream

Honda abandons all-electric dream

Honda has just dealt a hard blow to the all-electric dream. In a stunning turnaround, the Japanese auto giant announced that it is rethinking its electrification strategy, signaling that battery electric vehicles (BEVs) are no longer the holy grail of its future. The move is a major setback for the EV industry, which is already … Read more