Huwebes, Nobyembre 30, 2023

UAW organizing Tesla would mean 'we failed in some way,' Musk says

The EV maker enables line workers to become managers and even millionaires, Musk said. A union would get in the way. "If Tesla gets unionized, it will be because we deserve it and we failed in some way," he said.



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UAW organizing Tesla would mean 'we failed in some way,' Musk says

The EV maker enables line workers to become managers and even millionaires, Musk said. A union would get in the way. "If Tesla gets unionized, it will be because we deserve it and we failed in some way," he said.



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Our Next Energy develops EV battery with 608-mile range for BMW iX

Most EVs can drive 200 to 300 miles on a full charge, according to J.D. Power.



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Miyerkules, Nobyembre 29, 2023

Tesla ready to launch its long-delayed Cybertruck

The EV maker is now displaying Cybertrucks in showrooms before the Nov. 30 event. One salesman in California said reaction to the stainless-steel behemoth has been ‘love it or hate it.'



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GM says UAW strike cost $1.1 billion, announces stock buyback, boosts dividend

Union workers this month ratified the contract with GM, which extends through April 2028 and won support from 55 percent of the nearly 36,000 UAW members who voted.



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Biden weighing reprieve for automakers on tougher rules for EV tax credits

The stricter requirements, which were included in the president's signature climate law, don’t allow tax breaks for vehicles containing battery components or critical minerals from foreign entities of concern.



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Toyota reaps $2 billion from Denso sale to fund new technology

Toyota’s planned $2 billion sale of shares in its top supplier Denso cheers investors but also gives the automaker funds to develop an array of next-gen electrification and software tech.



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Martes, Nobyembre 28, 2023

Here hires new CEO amid battle with Google to supply maps for self-driving cars

Former Honeywell executive Mike Nefkens will lead the Dutch mapping company, whose shareholders include Audi, BMW, Mercedes and Bosch.



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6 even cooler things about the 2024 Toyota Tacoma

Automotive News had the chance to drive the redesigned 2024 Toyota Tacoma and dig deeper into the longtime segment champ.



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Toyota Group companies plan $4.7 billion sale of Denso stake, report says

The sale would mark the latest step by Toyota to unload some of its cross-shareholdings as it ramps up funding for R&D and factory floor overhauls ahead of future EV production.



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Lunes, Nobyembre 27, 2023

Volkswagen to reduce headcount at 'no longer competitive' VW brand

High costs and low productivity are making VW's cars uncompetitive, employees were told managers mull jobs cuts as part of a $10.9 billion savings program.



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Honda, Ford vehicles face safety issues over potentially faulty seat belts

Honda's recall covers the 2023-24 Honda Accord and HR-V, while NHTSA's investigation covers the 2019 Ford Expedition.



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Vitesco calls Schaeffler's increased offer price 'inadequate'

The higher offer came after Vitesco’s management and supervisory boards made multiple public statements acknowledging some shareholders’ views that the offer was too low



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Stellantis CEO Tavares says EU, U.S. elections may slow EV sales

Stellantis may have to change its strategy "if political and public opinion tends toward fewer EVs," CEO Carlos Tavares said. 



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Linggo, Nobyembre 26, 2023

Under Euisun Chung, Hyundai Motor Group is driving the future

Euisun Chung's futuristic vision for a mobility world beyond cars puts Hyundai Motor Group at the forefront of change in a tumultuous global auto industry.



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Sabado, Nobyembre 25, 2023

Chinese firms in Mexico trouble suppliers

Canada's supplier trade association is raising concerns over the possibility that Mexico will provide an easy work-around for Chinese companies seeking to export into Canada and the United States.



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Biyernes, Nobyembre 24, 2023

VW's Scout EVs to be developed by Magna Steyr, report says

VW has given the supplier an order worth 450 million euros ($492 million) to develop the models. That is Magna Steyr's largest ever development deal, Austrian newspaper Kleine Zeitung reported.



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Huwebes, Nobyembre 23, 2023

BMW to air 2024 Super Bowl commercial after sitting out last year

The luxury auto brand is expected to promote EVs in a 60-second spot that marks the second time it has run a Super Bowl ad since 2015.



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Miyerkules, Nobyembre 22, 2023

Automotive News hires designer

Chris Moore has joined as a designer.



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Inside colors outside the box

From mass market import brands to a budding EV company, automakers utilized a variety of color choices for vehicles at the 2023 LA Auto Show.



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Mary Barra's $280 billion goal confronts a litany of GM hurdles

The resignation of Cruise's CEO was a remarkable setback for a company that just two years ago was projected to bring in $50 billion in revenue by 2030. Now, GM CEO Mary Barra is pulling back on growth plans for the unit to make sure the cars are safe.



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Here's why electric vehicles are a political football

The EV discussion encapsulates a host of issues dominating the nation's political conversation: cost of living, reliance on Chinese manufacturing and cultural factors such as the feasibility of the cross-country road trip.



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Toyota's Akio Toyoda steps down as industry leader, replaced by Isuzu's chairman

Japan's automotive industry has tapped the chairman of Isuzu trucks to replace Akio Toyoda as its next industry lobby leader after Toyoda's unprecedented three terms.



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Northvolt develops cobalt-free battery cell that could power future EVs

Northvolt says the sodium-ion cell has a “best-in-class” energy density of more than 160 watt-hours per kilogram, and is made without any lithium, nickel, cobalt or graphite.



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Martes, Nobyembre 21, 2023

Tesla launched its own car insurance. These drivers say it's a lemon.

The insurer’s problems fit into a pattern of rushed and sloppy management leading to troubles across Elon Musk’s technology and manufacturing empire.



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Fisker's accounting chief Beuting resigns within two weeks of joining automaker

Fisker, which announced its third-quarter results on Nov. 13, said it received a notice from the New York Stock Exchange for late filing of its quarterly report.



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Stellantis, CATL plan Europe factory for low-cost EV batteries

Stellantis and CATL are finalizing plans for a plant in Europe to produce low-cost lithium-iron-phosphate EV batteries.



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Lunes, Nobyembre 20, 2023

Former car dealership general manager, an ex-cop, accused of stealing $29K

Police records show the alleged thefts began a month after Nicholas Holley started working at the dealership.



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Toyota financial unit to pay $60 million for illegal lending, credit reporting misconduct

The CFPB said Toyota Motor Credit will pay a $12 million civil fine, and $48 million to harmed consumers.



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GM's Cruise offers apology, will allow share sales

The outgoing CEO of Cruise, General Motors' robotaxi unit, on Saturday apologized for the company's situation following an accident that led to the pause of its self-driving vehicle operations while it conducts a safety review.



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Linggo, Nobyembre 19, 2023

Kyle Vogt resigns from GM self-driving unit Cruise

Kyle Vogt's departure is the latest fallout from a safety crisis at the beleaguered self-driving subsidiary of General Motors.



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Sabado, Nobyembre 18, 2023

Tesla flip-flops on Cybertruck resale ban

Tesla added a section to its order agreement banning buyers from flipping their Cybertruck within a year of purchase, but it later deleted the clause without explanation.



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Scenes from the Automotive News Formula 1 event in Las Vegas

Automotive News Publisher KC Crain spoke with Michael Schiebe, CEO of AMG and Head of the Mercedes-Benz G-Class & Mercedes Maybach business units, about F1 engineering innovations.



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GM's Cruise suspends its employee equity program

Cruise, the robo-taxi unit of General Motors, suspended the program under which GM buys back employees' shares, following an accident that led to the pause of its self-driving vehicle operations.



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Biyernes, Nobyembre 17, 2023

Houston high schoolers' re-imagined Mercedes makes semifinals in global Hot Wheels contest

A Mercedes sedan turned into an off-roader by Houston high school auto tech students was named a semifinalist in a global Hot Wheels competition.



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Suppliers want more legal immigration to fix labor shortage at factories

Suppliers and economists said reduced immigration levels are contributing to a labor shortage that is putting a squeeze on the supply base.



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Aston Martin F1 team gets investment from U.S. private equity firm

The stake sale, terms of which were not disclosed, values the racing group at $1.24 billion, Reuters reported.



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Dana investing $44 million at two Ontario plants to supply EVs

Parts supplier Dana Inc. plans to invest about $44 million to expand two existing sites in Ontario as it ups output of thermal management systems used in electric vehicles.



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Geely reduces Volvo stake; will continue to support Swedish automaker

The sale follows complaints from analysts and investors over the company’s small free float, which has put pressure on the stock and fueled high trading volatility.



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Huwebes, Nobyembre 16, 2023

Group 1 completes stalled Prime Automotive dealership acquisition

The Houston dealership group also sold Mini and Nissan stores in Texas in two separate August transactions.



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Guest commentary: ‘Crossing the chasm' on EVs may require plug-in hybrids

It's hard to see a retail environment in 2032 where 67 percent of new-car sales are full EVs, but it's very easy to see a 2032 where a majority of new-car sales are plug-in hybrids.



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Redwood Materials will recycle Toyota's spent hybrid batteries

Redwood Materials says Toyota deal marks the first time an automaker will use recycled battery materials from its cars in new vehicles.



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UAW members ratify labor deal with Mack Trucks; strike ends after 39 days

The UAW and Mack Trucks had reached a tentative deal in October that included a 19 percent pay raise, but union workers overwhelmingly rejected it and went on a strike.



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Miyerkules, Nobyembre 15, 2023

NHTSA opens safety probe into Kia Sorento crossovers after reports of engine failure

NHTSA's Office of Defects Investigation said it received 13 complaints alleging incidents of power loss in 2016-17 Kia Sorento vehicles equipped with 3.3-liter engines, referred to as "Lambda II."



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Buffett's Berkshire dumps stake in General Motors as it builds cash

In a regulatory filing detailing its U.S.-listed stock holdings as of Sept. 30, Berkshire reported no holdings in GM after reporting a stake of $848 million in June.



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Bosch's 'innovative' mild hybrid system for Mercedes proves costly for supplier

Mercedes lost around 5 percent of its projected sales, equivalent to 100,000 cars, during the third quarter as output of the GLC and the E-Class models were reduced due to supply issues with the 48-volt system.



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Martes, Nobyembre 14, 2023

EV truck startup Zeus signs deal with manufacturing and engineering firm

Zeus Electric Chassis, a Minnesota startup trying to break into the commercial fleet business with a battery powered chassis cab, will lean on a contract manufacturer for its class 5 truck.



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EV battery companies consider semisolid cells amid all-solid setbacks

Some see semisolid-state batteries as offering nearly the same benefit as solid batteries but with an advantage: They are closer to commercialization.



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A 1962 Ferrari GTO race car auctions for record $51.7 million

It was the most expensive Ferrari ever to sell at auction and the most expensive classic car sold publicly anywhere in the world this year.



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Lunes, Nobyembre 13, 2023

IIHS: Tall, flat vehicle fronts boost risk to pedestrians

Vehicles with taller front ends are more likely to kill pedestrians they strike than shorter-faced counterparts, but models of medium front-end height also pose an increased threat if they feature a flatter nose, according to a new study from the Insurance Institute for Highway Safety.



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Stellantis declined Michigan's $1 billion offer for EV battery plant

It became clear that Michigan would not win the project in the summer, when Stellantis announced it would again partner with Samsung SDI for the new plant, according to a source with knowledge of the deal.



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U.K. private firm invests in Dave Cantin Group

CEO Dave Cantin said the investment will help his firm expand its advisory services and geographic reach in the U.S., and eventually to international markets.



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Continental to cut thousands of jobs globally at auto unit

Continental is fighting to stem a slide in profitability at its automotive unit, which has started to fall behind peers as the industry transitions to electric vehicles.



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Linggo, Nobyembre 12, 2023

In 2026, EVs will have an industry standard diagnostic system

Electric vehicles on the road do not have an industry standard onboard diagnostic system. Most have some diagnostic capabilities, but they all work differently. That will change in 2026 when a standard diagnostic system for EVs debuts.



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Michigan becoming a hub for artificial intelligence inventions

Michigan has the largest number of artificial intelligence and machine learning patents issued in the Midwest since 2010 with the Detroit area ranking among the top nine regions for innovation across the country, according to a new report.

The Detroit-Warren-Dearborn metropolitan area had 896 AI patents issued, making it the ninth-most innovative U.S. metro, according to CommercialCafe, a commercial real estate Internet listing service.

While Silicon Valley in California far surpasses any other metro area for AI patents, metro Detroit held its own on the list largely because of the presence of the automotive industry and related suppliers, in addition to the growing startup network in Detroit, the report said.

"Because the U.S. is home to several global leaders in both automotive and key automation technologies, markets like the Detroit metro area are intriguing to both investors and innovators worldwide," the October report said. "With nearly 900 AI and ML patents at the close of 2022, the Detroit MSA ranked as the ninth-most innovative metro in the U.S. — and continues to show that the Motor City inventive spirit remains strong."

The companies topping the list of AI/ML patents were Ford Global Technologies with 321 patents, GM Global Technology Operations with 296 and Magna Electronics with 53 patents issued.

Specifically, CommercialCafe cited the partnership between Google and Ford Motor Co. to convert the 105-year-old Michigan Central train station and surrounding neighborhood into the Michigan Central Innovation District as a hub for mobility and entrepreneurship. As part of the mobility-focused, smart city project, Google agreed to provide cloud technology, as well as work force development training to high school students and job seekers in the Detroit area, the report said.

In addition to Ford, General Motors and Stellantis have established mobility and software engineering projects in Michigan in recent years, bringing Silicon Valley closer to home, it said.

Ford could not be reached for comment. A GM spokesperson said the company was unable to comment on patent filings or their intended use "due to the competitive nature of the space."

A growing startup center

Alan Taub, director of the University of Michigan's Michigan Materials Research Institute, said an increased interest in startups is also leading to a more competitive mobility market, which is why Michigan is seeing more AI patents.

"The technology revolutions of connected vehicles, self-driving vehicles and electric vehicles are moving at an unprecedented rate for the industry," Taub said. "And with the introduction of new startups, all of a sudden intellectual property moved from sort of the bare minimum to a major part of the strategy of companies. … I think if you just do a historical look at the number of patents around mobility, it has skyrocketed, because they're much more valuable, and it's a much more hyper-competitive space."

HostingAdvice.com, a web-hosting information site, recently ranked Detroit as one of the top 13 cities drawing startups away from Silicon Valley. Detroit ranked No. 6 on the list, citing the city's economic resiliency after the 2008 financial crisis and the city's business-friendly tax environment.

In the 2022 Global Startup Ecosystem Report by Startup Genome, an innovation policy advisory and research firm based in San Francisco, Detroit was ranked the No. 1 city in the U.S. for emerging startup ecosystems.

Henry Liu, an engineering professor and director of Mcity, UM's mobility testing facility, said AI is becoming an essential part of autonomous vehicles.

"AI is going to transform every aspect of mobility, not only just the vehicle, but the infrastructure, the manufacturing of the vehicles, and in service to people," Liu said.

A typical use of AI in mobility is in self-driving vehicles. Liu used the example of a Tesla, which has eight cameras and 12 sensors that feed information about the traffic, pedestrians and other vehicles to the control system. In the past, the development of this technology would be analyzed on a case-by-case basis and take an undetermined amount of time.

"What artificial intelligence is enabling is going beyond that, what engineers would call more stochastic — basically, it's allowed us to move away from a human analyzing every situation to all that data that Henry referred to as being collected," Taub said. "Now an artificial intelligence algorithm, with human oversight, is finally able to take on this grand challenge of full situational awareness, the thing the human brain does."

The San Jose-Sunnyvale-Santa Clara, Calif., area had the most patents issued between 2010 and 2022, leading the list with 9,798 patents, followed by the New York-Newark-New Jersey metropolitan area with 6,275 patents.

In the Midwest, the Chicago-Naperville-Elgin, Ill., area trailed Detroit-Warren-Dearborn at No. 11 with 770 patents.

CommercialCafe analyzed data from the U.S. Patent and Trademark Office between 2010 and December 2022 to write its report.

Taub said the impact of AI will reach a variety of industries in the name of improving mobility, which Taub defines as "the most efficient way, in energy, time and personal experience to have the physical movement of people and goods."

"We're heading to a world where your calendar will be synced to the cloud, traffic conditions and charging stations and that whole sequence of getting people to the right place at the right time," Taub said. "A very complex operations research challenge, which artificial intelligence will enable."



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$975,000 Cadillac Celestiq is Neiman Marcus holiday gift

The buyer gets a two-day trip to Detroit to watch the car get hand built, tour Cadillac House at the GM tech center and stay at a luxury hotel.



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Sabado, Nobyembre 11, 2023

David Wilson's gift to alma mater establishes business school in his name

David Wilson, founder of the auto group that bears his name, donated $25 million to his alma mater, the University of Northern Iowa. It is the largest gift in the school's history and establishes the David W. Wilson College of Business.



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Biyernes, Nobyembre 10, 2023

Man sues Conn. dealership, Toyota Motor Credit over repossession

A customer whose car was repossessed has sued a Wallingford, Conn., dealership for allegedly falsifying his income and expenses to qualify him for a loan he could not afford.



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GM credit card being dropped by Goldman Sachs; GM eyes new partners

General Motors said it would continue to "reward customers for their loyalty to our brands" as it evaluates new partners.

 



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Huwebes, Nobyembre 9, 2023

Polestar trims delivery forecast, halves margin target

Polestar expects to achieve a gross margin of 2 percent in 2023, down from its prior 4 percent forecast.



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Stellantis supplier plans new Detroit factory, expansion of first plant

The new location on Detroit's west side is expected to employ about 80 people when production launches in the first part of next year, but that number could increase depending on contract wins.



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Nissan quarterly profit doubles on big gain in North America

Robust sales in North America help Nissan more than double its profit in the latest quarter as the automaker readies a new mid-term plan and shores up flagging fortunes in China.



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Miyerkules, Nobyembre 8, 2023

Renault cuts Nissan stake to 15% after transferring shares to trust

Nissan will now invest up to $641 million in Renault's EV unit, Ampere, while Mitsubishi will invest up to $214 million.



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GM's Cruise to recall 950 driverless cars after accident involving pedestrian

The recall is because the collision detection subsystem of the Cruise Automated Driving Systems software may improperly respond after a crash, NHTSA said.



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Martes, Nobyembre 7, 2023

Fisker to report Q3 earnings after slow sales, price adjustments

The California-based startup cut its 2023 production forecast in August because of manufacturing issues and reduced the Ocean EV's price by $7,500 in October for the top Extreme trim.



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Lunes, Nobyembre 6, 2023

Ram adding extended-range EV, freshens 1500 with new engines

The 2025 Ramcharger has a gasoline engine that charges the battery, creating nearly double the range of the standard fully electric Ram 1500 REV.



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Board of GM's Cruise hires law firm to review regulatory responses

Cruise's board has hired law firm Quinn Emanuel to review Cruise management's responses to regulators investigating the Oct. 2 accident, and technology consultancy Exponent to review Cruise's technology.



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Musk says Tesla's German plant to build affordable EV, report says

Musk has teased the prospect of a more affordable electric car as the automaker seeks to increase EV deliveries to 20 million by 2030.



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Dealerships set the bar high for going green

Garbage is a dirty word at Pellman's Automotive in Boulder, Colo., and the two Mark Miller Subaru stores in Salt Lake City — three eco-centric businesses that approach recycling with all the zeal and determination of a technician going after an over-torqued oil pan drain plug.



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Linggo, Nobyembre 5, 2023

Ineos Automotive's U.S. dealership network is private only

Ineos Automotive has 19 dealerships in the U.S., but none of the fledging automaker's stores are owned by a publicly traded auto retailer.



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Volvo gets EX30’s face from galaxy far, far away

Volvo exterior design chief T. Jon Mayer created the EX30’s face based on the helmet worn by bounty hunter Boba Fett in the ‘Star Wars’ movies.



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Sabado, Nobyembre 4, 2023

Auto supplier plant coming to former Detroit area mall site

Automotive supplier Thai Summit Corp. is planning to open a 297,000-square-foot parts plant at the redeveloped site formerly home to Eastland Center mall in the Detroit suburb of Harper Woods



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Miyerkules, Nobyembre 1, 2023

Column: Winners, losers in the UAW's deal with Ford

UAW President Shawn Fain delivered contracts that give workers unprecedented raises and save or reopen plants, at a cost of billions of dollars to suppliers and the Detroit 3.



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Hyundai, Kia U.S. sales edge up in October

U.S. new light-vehicle sales are forecast to rise 3 to 4 percent in October, according to analysts, as the industry continues a steady rebound from chronic tight inventory levels stemming from depleted microchip supplies.



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Toyota downgrades EV forecast in quest of record profits; quarterly net income nearly triples

Riding an upswing in all-time-high quarterly earnings, Toyota downgraded its outlook for EV sales but lifted its forecast for record earnings in the full fiscal year, expanding on an earlier outlook that already called for record-level profits.



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Toyota quarterly profit surges on strong sales, weak yen

Toyota now expects full-year operating profit to balloon 65 percent to 4.5 trillion yen ($30.15 billion).



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