As part of the settlement, Daimler's North American truck unit agreed to develop and implement an advanced data analytics program to enhance its ability to detect and to investigate potential safety defects as part of a two-year consent order that can be extended by NHTSA for one additional year.
The decision was driven by changes in the global economy over the last 15 months, causing both companies to reassess their capital allocation priorities.
The Chinese government said it will also beef up regulations on new auto investment and manufacturing in a move to prevent overcapacity. It will take steps to spur further consolidation in the auto industry and build a more comprehensive supply chain.
Ford will dedicate a significant portion of its media buy during Jan. 1 bowl games to a new ad called “Finish Strong,” which promotes mask-wearing and other safety measures, while foreshadowing better days ahead as vaccines distribution ramps up.
The nation's largest used-vehicle retailer said it has transformed every aspect of its business so that it can deliver an omnichannel experience.
The accord reached last week largely addresses the auto industry’s immediate concerns about tariffs, the Society of Motor Manufacturers and Traders said. But the trade group said the agreement fails to deliver on key demands such as regulatory cooperation and customs procedures.
Fiat Chrysler said new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy, Poland. The company wants to start production of the first of three new models in 2022.
Fiat Chrysler said new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy. The company wants to start production of the first of three new models for the group's brands in the second half of 2022.
Whether Tesla can defend its EV lead in China will be key to its wider growth and earnings trajectory. While still in its infancy, China’s EV market dwarfs that of other countries and the government is intent on further expansion to reduce fossil-fuel use.
Yahua, which is based in southwest China's Sichuan province, did not provide tonnage figures but, in a filing to the Shenzhen Stock Exchange, put the total value of the contract at between $630 million and $880 million over 2021-25.
Fiat Chrysler said new hybrid and electric Jeep, Fiat and Alfa Romeo models would be built in Tychy. The company wants to start production of the first of three new models for the group's brands in the second half of 2022.
Automakers could struggle to qualify UK-built models for tariff-free export to the EU, and increased costs from switching suppliers and customs certifications could convince them that they are better off investing elsewhere.
The first model to be launched in India will be the Model 3, the cheapest among Tesla vehicles, with prices starting at over $74,739 (5.5 million Indian rupees), according to a report in the Economic Times.
When the history of the COVID-19 pandemic is written, there should be a prominent place for the auto industry heroes who stepped up, pitched in, mobilized, fed, educated and comforted.
Choosing No. 1 was easy. The tough part was remembering nine other things that happened this year.
COVID-19 disrupted but didn't cancel some of 2020's biggest product debuts and tech advances, but we did detect one major shift — changes and updates seem to be coming faster inside, under the hood, even in the drivetrain, than outside.
Automakers this year pressed ahead with new investments in assembly plants, including expansions, retoolings and purchases of undeveloped land, despite early concerns the pandemic would make 2020 a washout.
The 44th annual Automotive News World Congress in Detroit went virtual this year in an eight-week series of Congress Conversations that highlighted issues and trends in the auto industry emerging from the pandemic.
A preview of new vehicles planned for launch in 2021 includes new and redesigned crossovers, SUVs and pickups and another rollout of electrified vehicles.
The former Nissan chairman has not been charged in the probe over expenses and has agreed to cooperate with the inquiries, which are at the preliminary stage, Bloomberg reported.
Elon Musk tweeted that "going private is impossible now (sigh),” saying he should optimize his time in areas such as innovation. “Engineering, design & general company operations absorb vast majority of my mind & are the fundamental limitation on doing more.”
2020 saw the loss of many familiar faces in the auto industry. Automotive News remembers the mark they made.
Under Prime Minister Yoshihide Suga's October pledge to eliminate carbon emissions on a net basis by mid-century, the country's latest "green growth strategy" will target the hydrogen and auto industries with tax incentives and other financial support.
The agreement will allow for tariff and quota-free trade after Dec. 31 and avoids the "catastrophic" effect of a no-deal Brexit.
Congestion at ports after EU countries closed their borders with the UK due to a fast-spreading new coronavirus variant compounded issues that were already affecting automakers ahead of Brexit.
