Automotive News

SAIC-General Motors, GM’s passenger-vehicle joint venture with SAIC Motor Corp., lost more market share in China in the first two months of 2024, with wholesale deliveries dropping 60 percent to 49,500. 

Japanese automakers have been slow to develop EVs, particularly in comparison to Chinese rivals such as BYD, causing them to lose ground in China and leaving them vulnerable at home.

Lexus squeaked out a victory over Porsche in J.D. Power's 2024 U.S. Customer Service Index Study released Thursday, bringing the luxury brand to its third consecutive win. Buick took home the best mass-market brand, rising from No. 3 in last year's contest.

Two Automotive News top 150 dealership groups purchased import stores in the fourth quarter and a mid-Atlantic group bought three stores in the fourth and first quarters.

The sub-$25,000 car, which is expected to be called the Model 2, would allow Tesla to compete with a growing number of inexpensive EVs, such as those made by China's BYD and upcoming models from European automakers.

The British automaker finally cleared a last-minute snag with obtaining the emissions certification for the car from the California Air Resources Board. Deliveries of the low-slung, $99,000 Toyota-powered two-seater are underway.