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Stephanie Hart gives us the details on all the reveals from the latest New York Auto Show See more of Motor News segments on. CNBC examines the high-stakes decisions transforming the U. S auto industry Cars once promised independence and.

Right now there are 3 million brand new cars sitting unsold on dealer lots across America Some have been there for over a year. Many US political leaders on both sides of the aisle have been scrambling to keep Chinese cars out of the United States. With rising gasoline and fuel prices many are questioning if now is the right time to consider electric cars Lauren Fix from Car.

General Motors just wrote off seven point six billion dollars on electric vehicles in a single year Their net income got slashed in. EV's are cheaper to operate than a gas car but their resale values are horrible It's a mix of factors incentives changing tech and. President Donald Trump is set to meet face-to-face with Chinese President Xi Jinping this week in Beijing for a highly anticipated.