Mike Floyd is a finance executive by trade and a car enthusiast at heart. As a CFO with a keen eye for detail and strategy, Mike brings his analytical mindset to the automotive world, uncovering fresh insights and unique perspectives that go beyond the surface. His passion for cars—especially his favorite, the Porsche 911, fuels his contributions to Automotive Addicts, where he blends a love for performance and design with his professional precision. Whether he’s breaking down industry trends or spotlighting emerging innovations, Mike helps keep the site both sharp and forward-thinking.
Tesla CEO Elon Musk is considering another round of price cuts for electric vehicles in response to economic uncertainty. He believes it is reasonable to prioritize higher vehicle production over Full Article »
A relatively obscure clause buried within the U.S. Inflation Reduction Act is rapidly transforming the landscape of electric vehicle (EV) battery recycling in North America. With the clause in effect, Full Article »
U.S. Transportation Secretary Pete Buttigieg recently expressed national security concerns regarding the presence of Chinese autonomous vehicle technology within the American market. In an interview with Reuters, he emphasized that Full Article »
Magna International Inc, a prominent Canadian auto parts manufacturer, has announced a substantial investment of $790 million to construct three new facilities dedicated to vehicle and electric vehicle (EV) battery Full Article »
Bugatti enthusiasts have reason to rejoice as the highly anticipated successor to the Bugatti Chiron is nearing its debut. Former design director Achim Anscheidt confirmed that the car’s development is Full Article »
The rate of auto loan rejections has reached an unprecedented peak, hitting an all-time high in June. According to a recent Federal Reserve study, the 12-month rejection rate for auto Full Article »
During a Q2 2023 Earnings Call, Tesla disclosed that it is currently constructing release candidate Cybertruck units at its Texas Gigafactory. These units are undergoing extensive testing worldwide to achieve Full Article »
In recent news, Tesla CEO Elon Musk revealed that a “major OEM” has expressed interest in licensing Tesla’s software and hardware for vehicle autonomy. While the automaker’s name was not Full Article »
In the second quarter of the year, Tesla has experienced a 20% increase in net income, reaching $2.7 billion compared to the same period in the previous year. The rise Full Article »
Carvana, the troubled used-car retailer, has received a lifeline with a deal that has sent its shares soaring by as much as 36% during morning trading. The agreement, struck with Full Article »
Marking a significant step towards enhancing electric vehicle (EV) charging infrastructure, Nissan has announced a pioneering partnership with Tesla. The automaker has reached an agreement to adopt the North American Full Article »
The automotive world is abuzz with speculation as rumors circulate about the iconic Nissan Skyline making a comeback in an unexpected form: an electric SUV. Dating back to 1957, the Full Article »
Stellantis has taken proactive measures to ensure a stable supply of crucial semiconductor chips for its electric vehicles (EVs) and high-performance computing functions. In response to the industry-wide semiconductor shortage Full Article »
Time is running out for fans and enthusiasts of the iconic Dodge Challenger and Charger models, as the automaker has officially announced the end of production for these beloved sports Full Article »
Ford has emerged as the top company with the highest number of recalls in the first half of 2023, continuing a trend from the previous year. According to data released Full Article »
