Linggo, Oktubre 31, 2021

Dealers assessing potential cost of tougher federal Safeguards Rule

Retailers must toughen up their information security after the FTC updated its Safeguards Rule, which dictates how financial institutions protect data.



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Small SUVs find IIHS' tougher crash test a challenge

The Insurance Institute for Highway Safety's updated side test uses a heavier barrier traveling at a higher speed to simulate the striking vehicle.



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For public retailers, low vehicle supply is worrying

While the microchip shortage is expected to last into next year, retailers are anxiously waiting for proof from automakers that the worst of the crisis is over.



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Workplace flexibility can boost diversity

Offering flexibility to employees and listening to their needs are places to start for dealerships looking to foster a culture of diversity, equity and inclusion.



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The latest numbers on the microchip shortage: N.A. plants take bulk of chip hit

Nearly nine out of every 10 vehicles cut from global production plans last week due to the ongoing microchip shortage were axed from North American plants.



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Toyota bZ4X sends a pointed message about battery safety, reliability

While GM and Hyundai reel from EV recalls, the Japanese automaker is pitching the safety and reliability of its own batteries as it joins the global EV battle with the bZ4X crossover.



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Mini to dealers: Chinese tariff on EV makes 3% margin cut necessary

Without the reduction, the automaker would lose money bringing the car to the U.S., a source told Automotive News.



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Magic 'under $20k' price point is disappearing

The rapid demise of inexpensive entry-level cars and crossovers is accelerating just as average new-vehicle prices reach more than $42,000.



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Sabado, Oktubre 30, 2021

Hertz not the first to offer rental Teslas

Ryan Levenson has rented his Teslas for three years as part of a Bay Area startup on the Turo car-sharing platform.



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Detroit 3 learning how to live with chip shortage

The domestics reported lower third-quarter earnings, but they appear to be in better position to weather the chip shortage.



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Ex-Nissan exec Greg Kelly 'not nervous' as he awaits verdict

The wait begins in the case -- a proxy for ousted boss Carlos Ghosn -- that could see the former HR executive sentenced to two years in a Japanese prison.



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Opposition mounts to U.S. House plan that would boost EVs

A dozen foreign automakers urged California's two U.S. senators to oppose it, saying it was unfair to the state's workers.



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Biyernes, Oktubre 29, 2021

Chevrolet reaches out to LGBTQ community

The GM brand has set its sights on amplifying key issues and voices in the LGBTQ community in an ongoing effort called "Authentic Voices of Pride."



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Audi store engages TikTok users to sell cars

The Milwaukee store already has sold two vehicles, an RS 7 and an S8, that it can attribute directly to the video-driven social platform.



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U.S. traffic deaths soar 18.4% in first half of 2021 to 20,160

Amazon discloses 20% stake in EV maker Rivian

Rivian, which is gearing up for an IPO, Rivian disclosed earlier this year that Amazon had invested more than $1.3 billion in the automaker and held almost 150 million shares of preferred stock, but the voting power as a percentage was redacted.



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Biden spending proposal backs union-made EV credit

Electric vehicles made by American manufacturers with union-represented workers would be allowed to offer an additional $4,500, a proposal automakers with non-unionized plants have objected to.



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Lear to buy Kongsberg Automotive's comfort seating unit for $202 million

Kongsberg deal gives Lear a larger suite of comfort seating products to enhance vehicle performance and packaging.



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Toyota invests $461 million in Kentucky complex; Lexus ES to move back to Japan

The Japanese automaker will also offer permanent jobs to 1,400 employees currently working there through Kelly Services, as well as to all future employees.



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Vietnam's VinFast wants to open U.S. showrooms in 2022 to take EV crossover preorders

With the appointment of a German auto veteran as CEO, Vietnam's VinFast Global intends to make good on its name by going global fast.



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How Kia and CarMax tap NBA, stars like Steph Curry to spark brand awareness

The auto brands have been expanding their sponsorship of pro basketball, which doesn't get as many viewers as football but generates high levels of consumer engagement.



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Spitzer, Friendly Auto and D-Patrick acquire dealerships

Three dealerships groups added domestic-brand stores in October acquisitions across three states, with one group also buying an import-brand store.



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Volvo shares gain after IPO as investors buy into EV future

The automaker wants use IPO proceeds to add capacity and almost double annual sales to 1.2 million vehicles by 2025.



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Daimler posts higher Q3 profit as it shakes off chip crunch

The automaker said it had kept a "tight grip" on costs as it focused on more profitable models including in its Maybach and performance AMG brands.



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EV revolution puts the squeeze on small Japanese suppliers

Auto suppliers in Japan are confronting a dilemma as the industry pivots away from the combustion engine: Either make the shift too, or find new business.



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EV revolution puts the squeeze on small Japanese suppliers

Auto suppliers in Japan are confronting a dilemma as the industry pivots away from the combustion engine: Either make the shift too, or find new business.



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