Sabado, Oktubre 31, 2020

Ford targets fleet buyers with EVs and extras

The company is spending $11.5 billion electrifying its vehicle lineup, but it isn't aiming to be the next Tesla. It wants to be the next Peloton.



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Toyota's 'engineers' sandbox' for serious business of AV testing

At the Toyota Research Institute's Automated Vehicle Test Facility, near Toledo, Ohio, engineers work in the safety of an isolated test environment to develop tomorrow's automated driving technology.



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COVID-19 brings out worst — and best — reviews

As the pandemic rages on, retailers often find themselves in conflict with consumers who expect more social distancing and mask-wearing or who resent being told to follow protocols. The tension has caused some of the most negative — and positive — online reviews and social media posts that reputation experts have seen.



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Biyernes, Oktubre 30, 2020

CarLotz's go-public goal: Streamline sales

CarLotz is the latest online used-vehicle outlet to go public in the past few months, following Vroom and Shift. How will it differentiate itself? "We are consolidating all the middlemen into one middleman."



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Lordstown's challenge: Starting deliveries of Endurance EV pickup in a year

With just 50 engineers, one drivable truck and 40,000 preorders, cash-flush Lordstown Motors will not only need every single thing to go right to launch its EV truck next year, it'll also need some luck.



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Tesla lockouts expose cloud drawbacks

As automakers seek to make their vehicles more connected, a network outage proves there are still some wrinkles to iron out.



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Former Fair CEO Scott Painter to launch subscription services provider NextCar

Painter said his new venture will not be a consumer-facing subscription provider but rather offer services to subscription providers.



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GM lands Delta exec as next CFO

Paul Jacobson will become GM's next finance chief on Dec. 1 after eight years as CFO of Delta. He will be the first CFO from outside the company in a decade.



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Auto executives, business leaders to propose modernized transport policies

The Future of Mobility Commission plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies."



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Coronavirus dings American Axle Q3 sales by $87 million

Despite sales being down as a result of COVID-19's impact on the supply chain, American Axle reported net income and adjusted free cash flow growth in the third quarter.



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Lear swings to strong Q3 earnings as industry catches up to demand

Lear's improvement in sales is hinged on increased market share, considering global production for Lear declined 3 percent during the quarter compared with a year earlier.



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Waymo provides trove of new safety information

Waymo and other industry experts say the report is the first of its kind in terms of the breadth of detailed safety information provided, and it could set a benchmark for the entire industry.



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Daimler invests in lidar startup Luminar to bolster self-driving truck effort

The announcement comes just days after the German company struck a deal with Alphabet Inc.'s Waymo to use its driverless technology on heavy trucks.



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Carvana shrinks net loss, reports first operating profit

Top-line growth at the online used-vehicle retailer, like its peers and competitors, remained strong but below the pace of prior quarters, largely because of inventory shortages.



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Ford eyes first-year sales of 100,000 vehicles with hands-free driving system

Ford's Active Drive Assist will be offered first on the redesigned F-150 pickup and the electric Mustang Mach-E, both of which go on sale later this year. But the feature will not be activated until the third quarter of 2021.



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LG Chem wins shareholder approval to spin off battery business

Splitting out the unit that supplies batteries to Tesla and other automakers will cement the South Korean supplier's status as a key challenger to China’s Contemporary Amperex Technology Co. as global demand for electric vehicles rises.



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Toyota to invest $500 million in KDDI to deepen ties for 'connected car'

After decades of focusing on making and selling cars, Toyota is increasingly turning to partners to help develop expensive new vehicle technologies as it tries to transform itself into a mobility services company.



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Polestar looks to tap external funding, reports say

The automaker controlled by Volvo Cars and Zhejiang Geely Holding is in advanced talks with investors to raise $800 million to $900 million, according to Reuters, while Bloomberg reported that the figure is at least $500 million.



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Huwebes, Oktubre 29, 2020

Fisker closes deal to go public via merger

The electric vehicle maker said the transaction will fund development of the Ocean SUV through the start of production in late 2022.



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Carvana shrinks net loss, gross profit per vehicle sold hits high

Top-line growth at the online used-vehicle retailer, like its peers and competitors, remained strong but below the pace of prior quarters, largely because of inventory shortages.



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Government agencies question FCC plan to shift auto spectrum to Wi-Fi

The Transportation and Treasury departments argue the spectrum shift could jeopardize safety and put the U.S. at a competitive disadvantage in vehicle connectivity and smart infrastructure.



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Continental CEO Degenhart to step down, citing health reasons

Degenhart is likely to be succeeded by the head of the supplier's automotive operations, Nikolai Setzer, Bloomberg reported, citing people familiar with the matter.



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Judge delays extradition of Ghosn escape plot suspects

Lawyers for the men sought the last-minute delay after the State Department approved handing them over to Japan, where they face charges of helping smuggle the former Nissan chairman out of the country.



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BorgWarner's Q3 operating income, sales edge up

The supplier, which recently acquired Delphi Technologies, saw sales growth in its drivetrain business.



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BorgWarner's 3Q operating income, sales edge up

The supplier, which recently acquired Delphi Technologies, saw sales growth in its drivetrain business.



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