Hyundai Motor Group plans to invest $21 billion in the United States beginning this year and continuing until 2028 to advance future technologies, energy infrastructure, and manufacturing capabilities. The money will be used to make [...]

Electric vehicle startup Faraday Future (FF) has received new cash financing commitments of $41 million that it says will be used, in part, to advance its Faraday X (FX) brand and roll out the first [...]

The newly released ASE Education Foundation 2024 annual report shows that the combined number of high school and college students enrolled in ASE-accreditation programs increased by 8,000 to 118,000 between 2023 and 2024. The report [...]

Four subsidiaries of Progressive Corp. have settled a class action lawsuit filed against them in New York that alleged underpaid total loss claims. The suit was filed in 2021 and claims that Progressive “systemically thumbs [...]

A Florida bill that would require collision repair shops to obtain crash reports from customers before fixing vehicle has been approved by two Senate committees in recent weeks.  Sen. Joe Gruters (R-Sarasota) refiled SB 92 [...]

Tariffs on Canada and Mexico could increase car insurance rates 60% faster, a new report by Insurify says.  Full-coverage car insurance is projected to increase by 8% by the end of 2025, from $2,313 to [...]

The U.S. property and casualty (P&C) industry recorded a $22.9 billion net underwriting gain in 2024, according to a new AM Best report.  It is the industry’s first underwriting profit since 2020, according to the [...]

BMW i Ventures has invested in Via Science, Inc. (VIA) to boost data protection in its products. “As software-defined vehicles, robots, and edge devices become the norm, securing data flows between sensors, onboard systems, agents, [...]

Tesla has recalled 46,096 model year 2024 and 2025 Cybertrucks to replace a stainless steel exterior trim panel that could detach from the vehicle when in motion. The cant rail assembly, also called a cosmetic applique [...]