Gary Gastelu, Fox Business

Gary Gastelu

Fox Business

New York, NY, United States

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Past articles by Gary:

Honda Accord moving out of Ohio home after 4 decades to make room for EVs

Honda is moving production of the Accord from Ohio to Indiana in 2025 in order to produce electric vehicles in the Ohio factory starting next year. → Read More

Nissan is recalling 1,063 electric cars because the steering wheel might fall off

Nissan is recalling 1,063 Ariya electric SUVs to check if their steering wheels are installed correctly after an issue was discovered on several that had been repaired. → Read More

The $109K Ford F-150 Raptor R is so hot it costs much more than that

The 2023 Ford F-150 Raptor R is a high-performance off-road model that is both the most powerful and highest-priced truck Ford has ever sold. → Read More

Tesla slashes Model S and X prices again by up to $10,000

Tesla cut the price of the Model S by $5,000 and the Model Y by $10,000 on Sunday night in the latest round of reductions for the electric luxury cars. → Read More

Ford restarting electric F-150 Lightning production March 13 following battery fire

Ford is restarting F-150 Lightning production on March 13 after fixing an issue with its battery pack that led to a fire in the automaker's parking lot. → Read More

Study finds General Motors and Tesla have the most loyal customers

A study of 11.7 automobile sales found General Motors and Tesla had the highest percentages of loyal customers during the 2022 calendaer sales year. → Read More

362,758 'Full Self-Driving' Teslas recalled for software safety update

Tesla is recalling over 360,000 vehicles to update their Full Self-Driving software, which was found to function in an unsafe manner in certain circumstances. → Read More

Tesla was the USA's best selling luxury car brand in 2022, beating BMW and Mercedes-Benz

Tesla outsold BMW, Mercedes-Benz and Lexus to become the best-selling luxury car brand in the United States in 2022 with its four-model lineup. → Read More

Ford confirms battery fire caused F-150 Lightning production stoppage

Production of the Ford F-150 Lightning has been suspended for several weeks due to a fire that occurred in one of the electric trucks before it was shipped to a dealer. → Read More

Car prices dip after average monthly payment hits record $777

The average transaction price for a new car dipped slightly in January by .6% to $49,388 as improving inventories drive price cuts and incentives. → Read More

Tesla trounced Toyota with California's two best-selling cars in 2022

The Tesla Model Y and Model 3 were the two best selling vehicles in California last year, while Tesla was number two behind Toyota in total sales. → Read More

Hyundai launching electric vehicle subscription program for $699 per month

Hyundai's Evolve+ is a new month-to-month car subscription program that includes insurance and maintenance for the Kona Electric or Ioniq 5 with no long-term commitment. → Read More

GM's Super Bowl ad taps Will Ferrell and zombies to help sell electric cars

General Motors' Super Bowl commercial features Will Ferrell and promotes the automaker's collaboration with Netflix that will place its EVs in various shows and movies. → Read More

Ford is returning to F1 to help sell electric cars, CEO Farley says

Ford and Red Bull Racing are joining forces to build hybrid power units for Formula One in 2026 as the automaker begins shifting toward electric vehicles. → Read More

Ford sales up 2% in January on strong truck performance

Ford sales were up 2% in January, with F-Series truck deliveries improving by 8.8% as inventories and dealer stock continue to recover from recent shortages. → Read More

Ford cutting electric Mustang Mach-E prices by up to $5,900

Ford has announced price reductions for the Mustang Mach-E electric SUV that go into effect immediately and range from $600 to $5,900, depending on the model. → Read More

Tesla investing $3.6B in Nevada Semi and battery plant

Tesla is expanding its Reno, Nevada-area Gigafactory to mass produce its new Semi truck and next-generation battery packs through a $3.6 billion investment. → Read More

General Motors investing $854 million to build V8 engines amid EV shift

General Motors is investing $854 million in four plants to support V8 engine production for the coming years even as it prepares to transform into an all-electric automaker. → Read More

Porsche is selling an office chair for $2,499

Porsche has collaborated with Recaro on a limited-edition office and gaming chair designed like a high-performance sports car's bucket seating. → Read More

Ford CEO Jim Farley to race at Daytona

Ford CEO Jim Farley will race a Mustang GT4 at the Roar Before the 24 at Daytona International Speedway, competing in the VP Racing Sportscar Challenge. → Read More