Automotive

This article was originally published on The Conversation, an independent and nonprofit source of news, analysis and commentary from academic experts. Disclosure information is available on the original site.

New cars are pricier than ever in today’s economy. Inflation, low inventory and now rising interest rates have all taken a toll on prices.

TOKYO (AP) — Nintendo’s profit in the April-June quarter rose 28% from a year earlier on healthy demand for its games, although its console sales were dented by a shortage of semiconductors.

VICTORIA — The British Columbia government says it is improving its rebate program for electric vehicles to make them more affordable and accessible.

Canada's main stock index fell slightly on the Tuesday after the August long weekend, while U.S. markets also closed in the red after an up-and-down day of trading.

NEW YORK (AP) — U.S. stocks dipped Tuesday following another day of meandering trading, as Wall Street debates whether the market’s strong recent run is the start of a turnaround or just a temporary blip. The S&P 500 fell 27.44, or 0.

MILAN (AP) — Luxury Italian automaker Ferrari raised its 2022 forecast Tuesday after reporting a 22% increase in second-quarter earnings as sales in the Americas surged.

TOKYO (AP) — Hino Motors, a truck maker that’s part of the Toyota group, systematically falsified emissions data dating back as far as 2003, according to the results of an investigation released Tuesday.

YELLOWKNIFE — Electric vehicles are a rare sight in Canada's North, with challenges such as frigid winter temperatures and limited infrastructure. The Northwest Territories is hoping to change that.

DETROIT (AP) — FCA US, formerly known as Chrysler Group, was placed on probation for three years Monday and ordered to pay roughly $300 million for deceiving regulators about diesel emission systems on 101,000 Jeep Grand Cherokees and Ram 1500 trucks