$F cuts planned 2024 production of electric F-150 Lightning in half, as 1st reported by Michael Martinez: cnb.cx/46Vcrm4

Check out Cody Lusk's interview this morning with Jim Fitzpatrick bit.ly/46ZJ4Py

Always great to chat with friends CBT News Jim Fitzpatrick

VinFast opens first U.S. dealership with Leith Automotive Group in N.C. autonews.com/dealers/vinfas…

Hertz is selling about a third of its global electric vehicle fleet, citing weaker demand for its electrified rentals on.wsj.com/3RSURtE on.wsj.com/3RSURtE

Not only does charging take longer in freezing temperatures, some electric vehicle owners are surprised to find how much their car's driving range is compromised by winter weather. trib.al/jJ8u036

BMW has reached a turning point in its transition from gas-powered to electric vehicles, with its CFO, Walter Mertl, predicting that EVs will make up most of the company’s growth in the future. bit.ly/48E9196

Toyota Motor Chairman Akio Toyoda believes EVs will reach at most 30% market share, with the rest taken up by hybrids, hydrogen fuel cell and fuel-burning cars. ow.ly/AyJ750QtBpA

Electric vehicle sales increased in South Carolina last year, but the total remained less than half the national average and lagged far behind purchase of gas-powered cars, according to a report by the Alliance for Automotive Innovation.postandcourier.com/business/south…

Longtime chairman of the Lexus National Dealer Advisory Council, John Iacono spoke with Staff Reporter Larry P. Vellequette about the year ahead for Lexus retailers. Click for the edited excerpts. autonews.com/dealers/lexus-…

Tesla CEO Elon Musk sounds the alarm on Chinese automakers, stating they will "demolish" rivals without trade barriers. Phil LeBeau reports on the earnings call. $TSLA

$GM to release plug-in hybrid vehicles, backtracking on product plans cnb.cx/49i1fSl

Stick to the perimeter. Don't go up the middle. We may never find you.

#ICYMI: Our President and CEO, Jennifer Safavian, was recently published in the Detroit News raising concerns about the Michigan Vehicle Rebate plan. Autos Drive America is concerned about the plan limiting consumer choices by providing a smaller tax rebate to those who purchase

“Gas cars and hybrids are flying off the shelves,” says Celebrity Motor Car owner Tom Maoli as $F forecasts higher EV losses. “EVs cannot sell. The consumer does not want them.”

Ford is rethinking its electric vehicle strategies, CEO Jim Farley said Tuesday: cnb.cx/3OxDQnK

Wow, this mea culpa from Morgan Stanley’s Adam Jonas: “.. I owe Toyota an apology. From 2019 through 2021 we predicted the demise of hybrids given changes in regulations, EV adoption and consumer tastes. We were wrong. Hybrids are proving to be a viable transition ..” $TM

EV startup Rivian Automotive reported a fourth-quarter net loss of $1.52 billion and announced salaried job cuts amid economic uncertainty and flat production. autonews.com/manufacturing/…

EV startups are struggling: Rivian and Lucid are both getting punished in the market. trib.al/IbwtqET

AIADA Chairman Anthony Brownlee, Anthony Brownlee has published another blog post, "New EPA Ruling on EVs Ignores Consumers." Click here to read the full post: bit.ly/3xcxX9I