GM's Cruise plans to enter 'a large number of markets' in 2023

The planned launch of the Origin, designed as a purpose-built automated vehicle, "is a huge unlock" for Cruise because of its lower cost.

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Toyota, Honda owners defecting to rivals for EV options, S&P Global

Early data from S&P Global Mobility suggests consumers moving to EVs this year are leaving Toyota and Honda, which are falling behind in the EV transition. The beneficiaries: Tesla, Ford, Hyundai and Chevrolet.

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FCC declares ringless voicemails illegal without consent

The FCC ruling this month ends a debate over whether ringless voicemails, a telemarketing practice sometimes used by auto dealers, was illegal under federal law.

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Tesla still benefits from California as first semi truck gets delivered

Tesla may now be headquartered in Texas, but it still has a formidable presence in California, where public policy and funding has paved the way for electric passenger cars, and now, electric big rigs.

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Honda will get new hands-off features mid-decade

The upgraded suite, called Honda Sensing 360, is now being deployed on some models in China. It uses an expanded sensory range around the entire vehicle that eliminates blind spots and enhances collision avoidance.

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GM advertising agency Campbell Ewald names its first female CEO

Kari Shimmel, 41, CE's chief strategy officer since late 2018, will immediately step into the role of CEO, succeeding Kevin Wertz, who is stepping down as CEO but will remain in a consulting role.

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Honda will get new hands-off features mid-decade

The upgraded suite, called Honda Sensing 360, is now being deployed on some models in China. It uses an expanded sensory range around the entire vehicle that eliminates blind spots and enhances collision avoidance.

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BYD passes VW as China's top-selling brand in November

The reversal highlights the pressure on legacy brands in the world's largest auto market.

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Faraday Future replaces former BMW exec Breitfeld as CEO

Faraday’s directors voted to remove Breitfeld and replace him with Xuefeng Chen, who currently leads the automaker’s China division.

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Stellantis evaluating dealers for chargers, EV sales needs

The automaker is working to ease dealerships into its ambitious EV rollout, but it has no plans to specify the dollar amounts they'll need to invest as GM and Ford have done.

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VW could partner with Foxconn to revive Scout brand in U.S.

A partnership with VW would be a breakthrough for the Taiwanese smartphone manufacturer's automotive ambitions.

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U.S. heartland lags in EV sales, but new models should help, S&P Global says

The 22 heartland states have just 16 percent of national EV share. A slew of new electric models and a push to build more EV chargers is likely to spur greater adoption, the report says.

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Biden asks Congress to force rail deal over union objections

Biden said Monday that lawmakers should “immediately” codify the agreement he helped broker in September between unions and railroads “without any modifications or delay,” after some labor groups voted to reject it.

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Who's next? Chinese EVs drive Stellantis' Jeep off the road

Stellantis' factory capacity utilization in China is estimated to fall to 13 percent in 2022 from 43 percent in 2017, LMC says, while other mainstream automakers, including VW, GM, Ford, Mitsubishi and Hyundai, have also seen plant usage decline in the last five years.

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May Mobility names senior Intel executive as COO

Autonomous shuttle developer named Kathy Winter, a veteran self-driving vehicle technology executive at Intel, Delphi and other companies, as COO.

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U.S. heartland lags in EV sales, but new models should help, S&P Global says

The 22 heartland states have just 16 percent of national EV share. A slew of new electric models and a push to build more EV chargers is likely to spur greater adoption, the report says.

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Tesla readies revamped Model 3 with project 'Highland,' report says

One focus of the redesign codenamed "Highland" is to reduce the number of components and complexity in the interior of the Model 3 while focusing on features that Tesla buyers value.

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VW halts production at China plant amid COVID wave

Protests have erupted in cities across China over the weekend, including Chengdu, as frustrations mount over the government's zero-COVID policy.

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Tesla owners are keeping GM service techs busy

GM says its retailers have fixed 11,180 Teslas over the past two years.

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The latest numbers on the microchip shortage: N. America, Asia endure more cuts

Any notion that the microchip shortage would be over by now is proving to be wishful forecasting. 

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Column: In defense of picking Joe Manchin, Elon Musk as Automotive News All-Stars

Manchin and Musk have generated their share of controversy, and they won't win any popularity contests in some circles, but there is no denying that the impact each has had on the industry this year has been outsized.

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2022 Automotive News All Stars

In 2022, neither the COVID-19 pandemic nor the global microchip shortage went away, but there are signs that both are abating. Still, the industry continued to face production challenges and inventory shortages. Our 2022 All-Stars persevered, delivering excellent products and services to their customers, introducing innovations that are key to the future of mobility and making other significant contributions to the industry in myriad ways.

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October vehicle production tips up about 15%

The month brought an output of 1.32 million light vehicles, per the Automotive News Research & Data Center.

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VinFast ships first EVs to the U.S.

Vietnamese EV maker VinFast said it shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in the Southeast Asian country for North American and European markets.

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Column: VW dealers need a pickup, and U.S. executives know it

Volkswagen dealers need a pickup. VW of America executives know it, but nobody's been able to make it happen, and that's tragic.

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Column: VW dealers need a pickup, and U.S. executives know it

Volkswagen dealers need a pickup. VW of America executives know it, but nobody's been able to make it happen, and that's tragic.

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Kia America COO: Inflation Reduction Act disrupts EV market

Kia America COO Steve Center believes this summer's Inflation Reduction Act will crimp EV sales to mainstream customers.

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Helfman Maserati hosts party to show off Grecale

Consumers got a chance to look at the new Grecale, enjoy plenty of food and beverages, and mingle with brand ambassadors.

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Ford recalls nearly 519,000 Bronco Sports, Escapes in the U.S. over fire risks

Ford said the recall covers 2020-2023 model year Bronco Sport and Escape crossovers with 3 cylinder, 1.5 liter engines, including many also recalled in April.

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Why Chevy features a 65-year-old car in its holiday ad

The General Motors brand goes for emotional appeal, rather than the hard sell, in spot that features a woman, her neighbors and a 1957 Chevy Bel Air Nomad.

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Ford E-Tourneo Custom electric van targets VW ID Buzz

As well as a full-electric variant, Ford will offer the new Tourneo Custom as a plug-in hybrid and with three diesel powertrains.

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Has Tesla's stock slump gone too far?

After losing nearly $300 billion in market value in two months, a growing chorus of Tesla analysts say the share-price decline has gone far enough.

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Continental names Aruna Anand to lead North American business

Anand, 49, takes over for Robert Lee, who left the company in May to be president and chief strategy officer for battery maker LG Energy Solution.

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Nissan primes the EV pump

Nissan's EV Carefree+ initiative helps address a significant dealer pain point — the impact of low-maintenance electric vehicles on their high-growth fixed ops business.

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FBI joining Continental cyberattack inquiry

A theft of company data in August reportedly included budget, investment and strategy plans, as well as information related to some Continental customers.

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Lithia Motors hires Adam Chamberlain, former Aston Martin Americas president

Lithia Motors has hired Adam Chamberlain as a regional president of operations. He formerly was president of Aston Martin's Americas region.

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VW sees China sales dropping on COVID-Zero policy return

VW expects to sell 3.3 million cars in China this year, on par with the previous year’s results and about a half million fewer than the 3.85 million previously estimated.

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Venture capitalists on auto, mobility tech startups

Auto and mobility tech startups are phenomenal at innovating but terrible at scaling up their operations, according to one venture capitalist.

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LG Chem to invest $3.2B to build battery cathode plant in Tenn.

LG Chem is expected to supply cathode materials to Ultium Cells, a battery joint venture between General Motors and LG Chem's subsidiary LG Energy Solution.

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Amazon backed out of taking a stake in Argo. Then the self-driving startup folded

The online retailer was prepared to invest several hundred million dollars into Argo last spring, sources told Bloomberg. Amazon planned to use Argo’s self-driving technology to automate some of the electric delivery vans.

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Toyota dials down December output plan after slashing annual target by 500K vehicles

Toyota expects to make only 700,000 vehicles worldwide next month, including 250,000 in Japan and 500,000 overseas.

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Mazda will invest $11B into electrification in catch-up plan

The plan could include EV production in the U.S. as early as 2026-2027. The automaker also will partner with Envision AESC Group, a Chinese-owned battery maker.

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Mazda to plow $11B into electrification catch-up plan

The plan could include EV production in the U.S. as early as 2026-2027. The automaker also will partner with Envision AESC Group, a Chinese-owned battery maker.

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Largest U.S. rail labor union votes against contract, raising strike risk

A rail traffic stoppage could freeze almost 30 percent of U.S. cargo shipments by weight, stoke inflation and cost the American economy as much as $2 billion per day.

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Lithia Motors buys Stellantis dealership, sells Acura store

Lithia Motors' buy-sell activity continued in November with the purchase of a Chrysler-Dodge-Jeep-Ram dealership and the sale of an Acura store.

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See Mercedes’ 'Avatar' ad as hype begins for blockbuster movie sequel

 The automaker latches on to the film’s progressive themes in bid to boost green creds.

 

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Some Rivian workers complain about safety as UAW attempts to organize plant

The dozen workers filed their complaints in coordination with the UAW, which has been trying to organize Rivian's plant in Normal, Ill., over the past year. The UAW shared the filings with Bloomberg News.

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The latest numbers on the microchip shortage: North America loses 79,000 more vehicles

As the second full year of semiconductor shortages nears an end, automakers are still cutting cars and trucks off the schedule.

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Reimagined fifth-gen Prius foreshadows new era of EV fighters

Toyota executives promise that coming advances in batteries, electric motors, semiconductors and carbon-neutral fuels will give hybrid vehicles an extended lease on life through 2050.

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Car lot thefts escalate to chaos

One of the thieves died after crashing a stolen Ford Mustang, and police feared other armed suspects were hiding on a Michigan university campus.

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V2G charging crucial for EV adoption, report says

Smart, two-way charging could be the key to preventing frequent blackouts and skyrocketing energy prices as millions of EVs plug in to charge.

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Dealer group speaks EV buyers’ language

Salespeople at Del Grande Dealer Group's stores are learning the ins and outs of electric vehicles to tap into the California group's EV inventory.

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That VW pickup dealers have dreamed about? They'll have to keep waiting

Speaking to journalists ahead of the Los Angeles Auto Show, the new North American and global heads of the Volkswagen brand appeared to dash hopes for a VW variant of the automaker's planned new pickup for its nascent Scout brand.

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Ford recalls more than 572,000 F-150 pickups globally for faulty windshield wipers

Ford is recalling 572,000 F-150 pickups globally because the front windshield wiper motor might stop working.

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Ford recalls nearly 454,000 F-150 pickups for faulty windshield wipers

Ford is recalling nearly 454,000 F-150 pickups in the U.S. because the front windshield wiper motor might stop working.

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Tesla recalls about 30,000 Model Xs

Tesla has recalled nearly 30,000 Model X cars over an issue that might cause the front passenger air bag to deploy incorrectly.

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GM projects $2,000 savings per vehicle from digital retailing, regional EV fulfillment

The inventory management change is designed to speed up vehicle delivery times — to as few as four days — and increase efficiency, which will reduce distribution costs.

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Tokyo show to be revamped as mobility event

Organizers hope the Tokyo auto show will reboot international interest in Asia’s one-time premier auto event and in Japan as a technology leader.

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Death tied to defective Takata airbag in Ford Ranger prompts urgent warning

NHTSA said the Takata driver's side airbag inflator ruptured in the 2006 Ford Ranger, which was already under a "do not drive" warning issued in 2018.

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Stellantis recalling 280,000 heavy-duty trucks

Stellantis is recalling 280,000 Ram heavy-duty diesel trucks worldwide for fire risks.

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BorgWarner invests in silicon carbide provider Wolfspeed, gets access to $650 million in devices annually

BorgWarner enters into a partnership with Wolfspeed that will allow it to purchase up to $650 million of silicon carbide devices, in exchange for a $500 million investment into the N.C.-based company.

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NADA backs Senate action on bill targeting catalytic converter thefts

The bill aims to reduce catalytic converter thefts by requiring new vehicles to have the VIN stamped onto the converter, allowing law enforcement officers to link stolen parts to the originating vehicles.

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3 Florida dealerships investigated over lease-end fees

The Florida attorney general says other agencies, including federal, also may investigate after her office received 40 complaints about lease-end fees.

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Ford F-150 Lightning shows narrowing lead as most popular electric pickup for second year

The Lightning topped its competitors overall, ranking especially high among truck owners, current EV owners and those age 42 and up. The Toyota Tacoma EV also showed desirable results.

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Musk won $55B pay deal to ensure 'tenacity' for Tesla, chairwoman testifies; Musk to take stand

Robyn Denholm: "I’m not concerned about the amount of time that he (Musk) spends (at Tesla). He will do whatever he needs to do to achieve a result."

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Disney names Hyundai 100th anniversary sponsor as car brand preps global ad blitz

Hyundai is planning "a year’s worth" of campaigns connected to the 2023 Disney milestone.

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Lucid rolls out its entry-level Air Pure EV with 410 miles of range

EV startup Lucid will deliver the first units of a Touring trim, bringing the cost of its large sedan down to compete with luxury rivals.

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Collision warning, emergency braking cut rear-end crashes in half, study finds

The study comes as automakers add more advanced driver-assistance features to their vehicles and as NHTSA collects data on crashes linked to those technologies.

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Electric truck stops will need as much power as a small town

The real challenge is how quickly high-speed chargers will need to deliver electricity at a single place and time.

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Jay Leno suffers burns in car fire in his L.A. garage

The left side of former "The Tonight Show" host's face was burned, but Leno's eye and ear were not severely damaged.

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Collision warning, emergency braking cut rear-end crashes in half, study finds

The study comes as automakers add more advanced driver-assistance features to their vehicles and as NHTSA collects data on crashes linked to those technologies.

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Automatic braking tech reduces rear-end crashes in pickups, study finds

The rear-end crash rate was 43 percent lower for pickups equipped with the technology than for those without it, according to a study from the Insurance Institute for Highway Safety.

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Supplier to close plant, lay off 244 in Michigan

The layoffs are the latest for a manufacturing sector that has been hit hard by inflation and supply chain troubles over the past two years.

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FTC refunds over $9.8 million in Napleton Automotive discrimination case

The Federal Trade Commission is distributing 66,355 checks, averaging $147 each, to car buyers whom the agency says were affected by unlawful practices at Napleton Automotive Group dealerships.

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Toyota, General Motors top Rainbow PUSH diversity scorecard

No automakers received the lowest, red rating for their diversity and inclusion efforts this year. Toyota and GM got the highest possible score in five out of six categories.

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GM’s EVs will be profitable in 2025, Barra to tell investors

Executives also plan to detail GM’s push to go from selling just about 44,000 EVs this year in the U.S. -- at a loss -- to profitably becoming one of the nation’s biggest EV producers.

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Toyota to unveil 5th generation Prius hybrid

Toyota is expected to increase the visual appeal of the Prius, which became a trailblazer for the fuel-saving properties of electrified drivetrains.

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GM to extend benefits to domestic partners and their kids

General Motors says it's extending its benefits program as it seeks "ways to widen opportunities for people from all backgrounds."

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The latest numbers on the microchip shortage: Fewer cuts, outlook improves

The estimated number of vehicles axed from automakers’ production plans this year because of the microchip shortage fell slightly last week, according to AutoForecast Solutions.

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Off-road 911 Dakar will rough it in L.A.

Porsche will unwrap the 911 Dakar on Nov. 16 in Los Angeles ahead of the auto show there.

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NAMAD taps retail outsider as first new president since 2006

Hugene Fields, 35, takes the minority dealer association's reins from longtime leader Damon Lester, who bought his own store last year.

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FTC targets bait-and-switch pricing

An Federal Trade Commission proposal for regulating hidden and unexpected fees follows an earlier plan to do so within the auto retail industry. President Joe Biden highlighted "junk fees" in a speech Oct. 26.

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New NAMAD President Hugene Fields brings outsider's perspective to auto retail

Hugene Fields, who has extensive nonprofit experience, takes his first foray in the automotive world as the new president of the National Association of Minority Automobile Dealers.

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Ford-Lincoln, Nissan, Stellantis and Chevy dealerships acquired in Q3 deals

Ford-Lincoln, Nissan, Chrysler-Dodge-Jeep-Ram and Chevy dealerships traded hands in third-quarter transactions across three states.

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Polestar Q3 loss narrows, expects hit from rising costs

Polestar posted an operating loss of $196.4 million, down from $292.9 million a year ago, while revenue rose to $435.4 million from $212.9 million.

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Self-driving startup TuSimple ousts CEO, independent directors

TuSimple Holdings, the self-driving vehicle startup that recently went through a U.S. national security review, ousted its interim chief executive officer and most of its board.

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EU envoy 'hopeful' about getting changes to U.S. EV tax rules

Shutting out European producers from the U.S. market would be "a guarantee of failure" for both economies, European Union Ambassador Stavros Lambrinidis said.

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Volvo CEO predicts EV price parity with gas-powered vehicles by 2025

Volvo Cars' CEO Jim Rowan shares his views on the near-term future of EV pricing and government subsidies as his company launches its flagship EX90.

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Two Pennsylvania Carvana locations suspended from performing title, registration actions

Pennsylvania regulators have placed two Carvana locations on a list of business entities temporarily blocked from performing motor vehicle titling and registrations.

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Automakers and suppliers are spending to break through a 'chemical plateau'

Automakers and battery suppliers are in search of a holy grail — a battery chemistry for electric vehicles that sharply reduces charging times and greatly increases range while remaining cheap and easy to produce on a mass scale.

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VW brand hires Google exec to head marketing

As chief marketing officer Nelly Kennedy will use her experience with Google to realign VW brand's marketing.

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Safford Automotive buys 16 Brown's Car stores in largest dealership acquisition of 2022

Safford acquired 14 franchised dealerships, a used-vehicle store and a muscle and classic car store from Brown's.

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Cox Automotive selling majority of Canadian unit to Trader Corp.

Cox Automotive, which in 2021 transferred its Canadian operations to the U.S. and parted ways with its Canadian president, told customers Nov. 9 it is selling the majority of its Canadian division to Trader Corp.

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Germany blocks Chinese stake in 2 chipmakers over security concerns

The move comes at a time of heightened sensitivity around relations between Berlin and Beijing.

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Safford Automotive buys 16 Brown's Cars stores in largest dealership acquisition of 2022

Safford acquired 14 franchised dealerships, a used-vehicle store and a muscle and classic car store from Brown's.

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Volvo sets lofty sales goals with ‘volume' EX90 flagship EV

High-tech EX90, Volvo's third but biggest electric vehicle, will be priced below $80,000 when it goes on sale in U.S. in early 2024.

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Toyota, Kia, Stellantis, Ford and GM dealerships sell across 5 states

Toyota, Kia, Stellantis, Ford and GM dealerships traded hands in multiple transactions across five states.

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Buyers to split up bankrupt interior parts supplier Gissing

Gissing, a unit of a Chinese automotive supplier, carried about $100 million in liabilities, including $13.3 million owed to Tesla. The company makes interior acoustic and cargo management systems at six plants in the U.S. and Mexico.

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Musk sold $3.95 billion of Tesla stock after buying Twitter

It’s still not clear how the $44 billion Twitter deal ultimately was financed, beyond the roughly $13 billion of debt commitments from Wall Street banks.

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Nissan quarterly profit soars on better pricing power, model mix

Nissan is capturing a higher tier of customer in North America, partly through renewed product and lower incentives, COO Ashwani Gupta said.

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Stock price-induced impairment charge leads to TrueCar net loss of $77.1 million

Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago .

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Lucid reports Q3 net loss of $670 million, reiterates 2022 production target

The EV startup posted revenue of $196 million on sales of 1,398 vehicles in the quarter and said it's on track to produce 6,000 to 7,000 units of its Air sedan this year.

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Rivian under pressure to boost output, maintain demand amid cooling economy

Rivian Automotive reports Q3 earnings on Wednesday amid questions over its ability to meet production targets and maintain demand in slowing economy

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Stock price-induced impairment charge leads to TrueCar net loss of $77.1 million

Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago .

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Aston Martin replaces its Americas chief with McLaren veteran

Aston Martin has appointed McLaren veteran Tony Joseph to run its Americas region as Adam Chamblerlain, who joined the British automaker last November, prepares to depart.

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Japan petitions U.S. for special consideration with EV tax credits

Japan requests "flexible" thinking for new U.S. EV tax credits. If not, it also warned Japanese carmakers and suppliers would be discouraged from expanding operations in the U.S.

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Renault, Google expand pact to make cars 'like mobile phones'

Renault's expansion of the partnership with Google will allow the automaker to offer more over-the-air software updates as well as additional on-demand services.

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BMW relocates California Designworks Studio, dowsizes footprint

The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.

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BMW opens new Designworks studio in California

The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.

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Automakers ask U.S. Treasury for clarity, flexibility in forthcoming guidance on EV tax credits

Under the recently signed Inflation Reduction Act, the U.S. Treasury Department is required to issue proposed guidance by the end of the year that will further define how to meet the EV tax credit's eligibility constraints.

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Ford and Toyota are opposing their suppliers over EV tax credit

As automakers call on the U.S. government to rethink a plan to limit tax credits for electric vehicles, they're facing opposition from an unexpected source: their own suppliers.

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Can hydrogen deliver a new way to decarbonize?

For decades, hydrogen has been hyped as near-miracle fuel that emits only water. Thanks to climate change and geopolitical instability, its moment in the spotlight may have just arrived.

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Adient expects stronger 2023 after $2.2 billion sales hit this year

Automotive seating suppier Adient increased sales and earnings durings its fiscal fourth quarter despite headwinds that cost the automotive supplier $2.2 billion in revenue for the year.

The seating and interiors supplier said quarterly sales surged 32 percent from last year and it more than doubled its earnings, according to its earnings report Friday.

The Plymouth, Mich.-based company, which is domiciled in Ireland, reported adjusted earnings of $227 million on $3.7 billion of revenue in the fourth quarter.

Full year revenue was up 3 percent from last year to $14.1 billion, while gross profit slipped 2 percent to $807 million.

Adient shares rose 14.2 percent to close at $37.96 on Friday.

"Our business is performing extremely well right now," CEO Doug Del Grosso said on a call with investors. "We've addressed a lot of the issues that plagued the business not that long ago. This business is about execution every single day so we have to continue to perform the way we've been performing."

Adient, which has struggled with operations in the past, said Friday that it has approved a $600 million share repurchase program made possible by its "strong operational performance, transformed balance sheet and confidence in achieving its long-term plan."

As with other automotive companies, supply chain headwinds, including inflation and car production volatility, continue to hurt Adient's balance sheet, its executives said. Those factors accounted for a $2.2 billion revenue loss and $600 million EBITDA loss for the year.

CFO Jeff Stafeil, who is leaving Adient for a job at Tenneco Inc. at the end of the month, said Adient expects to recover two-third of its losses through improved production next year.

"The temporary operating inefficiencies, we've already started to see some improvements there as the supply chains have become a little better," he said. "I would say certainly not to full level, but we've seen a little bit of green shoots in there, and we would expect that to continue to improve."

The company said it made nearly $1 billion of debt paydown in the year and expects increased earnings, margin and free cash flow in fiscal year 2023.

Meanwhile, negotiations with customers on contracts and cost pass-throughs remain ongoing, Stafeil said.

"If we're going to have that type of inflation in our type of business model, some of that is going to have to be covered by the customer," he said. "We've had great progress on that …"

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Lucid sues Texas in attempt to overturn franchise laws

EV startup calls state regulations "economic protectionism" in U.S. lawsuit.

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October sales up with higher inventory

Sales increased even as climbing interest rates and surging new-vehicle prices continue to threaten affordability.

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Carlos Ghosn's escape helpers sent back to U.S.

Michael Taylor, a former U.S. Green Beret, and his son were imprisoned last year after they pleaded guilty to helping the auto industry executive flee from his trial in Japan in late 2019.

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Tesla partners with N.M. tribes to bypass sales ban

The EV maker has one store in the state and began construction of a second, much larger location last month.

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Used-vehicle profitability tumbles for public dealership groups; Q3 declines range from 11% to 31%

Each of the six major public dealership groups is taking in less gross profit per used vehicle, while a pair of them have seen used-vehicle sales volumes tumble, too.

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Tesla developing 'unique' EV operation near Detroit

Southfield official: "It's not going to be your grandfather's bump shop because of the sophistication of the chips and software. This is unique."

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Longtime GM supplier American Axle says it is not for sale

While denying talk of a sale, American Axle said it is considering "strategic opportunities that serve the best interest of the company."

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Mauro Forghieri, iconic Ferrari engineer, dies at 87

Mauro Forghieri has been linked with Ferrari for nearly 40 years and is one of the most significant figures in the company's history.

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Magna rebuilds profits in Q3, posts $289M in net income

Magna lowered its annual sales forecast as supply chain snags and higher utility costs keep global vehicle production under pressure.

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Used-vehicle profitability tumbles for public dealership groups; Q3 declines range from 11% to 31%

Each of the six major public dealership groups is taking in less gross profit per used vehicle, while a pair of them have seen used-vehicle sales volumes tumble, too.

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Nissan may ditch Renault deal over sharing technology with Geely

Nissan CEO Makoto Uchida said he was talking to Renault CEO Luca de Meo every weekend as part of discussions between the two automakers that would be "ongoing."

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Chinese tycoon spent 8 years, $3 billion on EV that hasn't been built

EV maker Faraday Future once called itself the next Tesla but has yet to produce a vehicle.

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Guest commentary: Autonomous vehicle tech is hard, but it's here to stay

The demise of Argo AI is the latest high-profile stumble in the AV space, but the technology is still young and remains promising.

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EV contenders differ on automated driving

Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren't ready to remove driver controls like steering wheels and pedals just yet.

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EV contenders differ on automated driving

Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren't ready to remove driver controls like steering wheels and pedals just yet.

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2023 Ford Transit Trail aims for RV crowd

The van, available this spring, will be highly customizable and start at $67,770, including shipping.

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Stellantis Q3 sales up 29% as better chip supplies lift shipments

Stellantis confirmed its forecast for a double-digit margin on adjusted operating profit and positive industrial free cash flow this year.

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2023 Kia Telluride adds off-road muscle, higher price

Kia's 2023 Telluride comes with revised styling, a larger interior display and off-road capability — and a bigger price tag.

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Bentley reports record profit in Q3 on sales of niche models

Operating profit for the first three quarters of 2022 was 575 million euros ($568 million), as global economic uncertainty did not dent customer interest, especially for niche models and customization. 

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Aston Martin cuts delivery outlook

The company now expects to deliver as few as 6,200 cars, down from an earlier projection of more than 6,600 units, after parts shortages prevented some 400 autos from being shipped in the third quarter, it said.

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Subaru struggles to compete with McDonald's on wages as automaker shies away from U.S. EV investments

Subaru says soaring labor costs are one reason the company is not thinking of new investments to build EVs in the U.S. anytime soon. Subaru said its third-quarter net income nearly doubled to $350.2 million.

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Mitsubishi weighs possible stake in Renault EV spinoff

Operating profit more than tripled to 53.8 billion yen ($372.3 million) and net income more than doubled to 44.1 billion yen ($240.4 million) in the three-month period.

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Credit Acceptance sees more loans from dealers as Q3 earnings plunge

Credit Acceptance posted net income of $86.8 million, down 65 percent from a year earlier.

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Tesla closes its first showroom in China

EV maker Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market.

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Subaru struggles to compete with McDonald's on wages as U.S. inflation bites

Subaru says soaring U.S. labor costs are one reason the company is not thinking of new investments to build electric vehicles Stateside anytime soon.

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Toyota sales rebound again; Hyundai, Kia advance 3rd straight month

October U.S. light-vehicle deliveries are forecast to rise as inventory slowly improves and demand remains steady, even amid rising interest rates and higher new-vehicle prices.

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Toyota eyes U.S., European price increases as costs eat into profits

Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.

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TuSimple fires CEO over ties to Chinese firm; exec denies wrongdoing

The self-driving trucking startup said an investigation by its board showed some of its employees spent paid hours last year working for Hydron, a startup working on autonomous trucks mostly in China.

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Toyota eyes U.S., European price increases as costs eat into profits

Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.

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Increased vehicle production not enough to put Gentex Q3 in black

Automotive mirror supplier Gentex said Friday that supply chain challenges led to lower third-quarter profits, but also touted a sales increase compared with 2021.

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