The vehicles aboard the charred hulk of the car carrier were weighted heavily toward the more expensive brands in Volkswagen Group, which could further boost the fire's costs when the full damages are assessed in port.
A 4,200-square-foot boutique store at a high-end shopping district in Arizona is the first in the nation for Lincoln, and a chance to explore a new kind of dealership.
For the 11th time, Automotive News is partnering with Best Companies Group to identify dealerships that have excelled in creating quality workplaces.
Toyota is presenting its new bZ4X as superior to anything similar in Toyota's lineup in terms of torque, acceleration, rigidity, interior space, grip, safety and styling — but not sales potential.
Most automakers have found ways to work around the loss of connectivity but others are letting subscription programs expire without upgrades.
In spite of production setbacks caused by the chip shortage, Oakville Assembly Plant employees, at the urging of former Ford CEO Jim Hackett, got Buzz Aldrin's order for a 2022 Lincoln Nautilus complete in time for his birthday.
A new contract will send 1,200 of the little wheeled robots delivering food across 50 U.S. college campuses by year-end.
Volvo Cars has invested $1.5 million to get an early look into Spectralics' mixed-reality head-up display tech.
Hoping to attract more drivers, Uber is testing a new earnings algorithm that lets drivers see pay and destinations before accepting a trip.
Connected-car technology holds the potential to save lives, argue crash investigators who are once again calling for automakers to equip vehicles with the long-delayed ability to talk to each other.
In both cases, some trimming and consolidation is the likely aftermath, followed by the chance for growth and investment depending on the priorities of new leadership and how successfully operations are integrated,
Low on new-vehicle inventory because of the chip shortage, Alfa Romeo and Maserati of Ontario turned to exotic and off-brand vehicles, attracting enthusiasts and resulting in top-dollar sales.
As the small but growing share of electric vehicles in the global new-vehicle marketplace continues to expand, much of what Magna is developing is now tied in one way or another to EVs.
Connected-car technology holds the potential to save lives, argue crash investigators who are once again calling for automakers to equip vehicles with the long-delayed ability to talk to each other.
CEO Kevin Clark says Aptiv moved the production out of Ukraine over the last few months "so we were better positioned to manage disruption."
Hyperloop One will shift its focus to transporting cargo instead of people, according to multiple media reports. It reportedly laid off about half of its staff as a result.
The supplier aims to increase its original equipment sales by around 13 percent to outperform the market by more than 5 percentage points, assuming global car production of around 98.5 million vehicles in 2025.
In the case of the luxury vehicles aboard, brands such as Bentley, Porsche and Lamborghini will do what they can to placate their high-net-worth clients.
In the case of the luxury vehicles aboard, brands such as Bentley, Porsche and Lamborghini will do what they can to placate their high-net-worth clients.
The Drive Pilot system, which lets drivers engage in other activities such as watching a film or sending e-mails, won limited certification in Germany last year.
The U.S. investigation covers 2018-19 Honda Accord midsize cars and 2017-19 Honda CR-V compact crossovers.
Toyota Motor North America said Thursday that it will partner with charging company EVgo to provide one year of complimentary charging for customers who purchase or lease a Toyota bZ4X EV crossover when it goes on sale this year.
The gains will heap fresh inflationary pressure on buyers, particularly in Europe, who use aluminum in a variety of products including cars.
Sixty-five models received the Top Safety Pick+ award this year, compared with 49 models at this point in 2021. Another 36 models earned the Top Safety Pick designation, compared with 41 a year earlier.
Revenue from top-end vehicles lifted earnings, bringing in 30 percent more revenue than last year while full-eletric models provided a 64 percent boost.
In letters to dealers, the automakers urge restraint on above-sticker pricing and warn that future allocations could be cut for offending retailers.
Profit margins in North America climbed to a record 16.3 percent last year from 10.1 percent in 2020. Eligible UAW members will get a $14,670 average payout. Stellantis did not report quarterly results.
The car carrier is expected to be boarded by salvage crews as early as Wednesday. Among the nearly 4,000 vehicles aboard are dozens of Lamborghinis, primarily Urus SUVs, but also some Aventador and Huracan models.
Profit margins in North America climbed to a record 16.3 percent last year from 10.1 percent in 2020. Eligible UAW members will get a $14,670 average payout. Stellantis did not report quarterly results.
The automaker's margin on its adjusted operating profit rose to 11.8 percent last year as synergies generated about 3.2 billion euros ($3.6 billion) in net cash benefits. Margins in the North America region climbed to a record 16.3 percent last year.
ZF will work with Polestar on ways to eliminate carbon emissions and save resources in the drive system. Autoliv will look to provide safety equipment such as airbags and seatbelts with zero emissions.
A number of European automakers with operations in Russia could face repercussions if the U.S. and allies impose broad sanctions on Moscow over its conduct in Ukraine.
U.S. truck engine maker Cummins Inc. said it is acquiring auto parts maker Meritor Inc. for $2.58 billion in cash.
A number of European automakers with operations in Russia could face repercussions if the U.S. and allies impose broad sanctions on Moscow over its conduct in Ukraine.
The region around Tesla's factory near Berlin is suffering from falling groundwater levels and prolonged droughts due to climate change. That has sparked a legal challenge that will go to court next week.
VW has not disclosed its potential losses from the fire aboard the crippled Felicity Ace and it is unclear how much insurance will cover the costs for the lost vehicles.
Ford Motor Co. has named a CEO of Michigan Central, the innovation district the Dearborn-based automaker is building in and around the old train station in Detroit.
Joshua Sirefman, the co-founder and former president of Sidewalk Labs in New York, will take the helm of the district. Sirefman, 54, will be responsible for the real estate development, as well as collaboration across different sectors, Ford said in a news release Monday. He'll be in charge of the Innovation Services Business that oversees the agenda set by Ford, Google and other partners in the collaborative space.
Sirefman will also focus on recruitment and placemaking, as well as coordinating governance of the site to ensure there's sustainable innovation activity that takes place there.
His role will include oversight of Michigan Central Foundation, the new philanthropic arm that will provide training, programming and research for residents, students and businesses in the area.
Sirefman is the "perfect fit" to lead the development, Mary Culler, chief of staff to Ford Executive Chair Bill Ford and president of Ford's philanthropic arm, the Ford Fund, said in the release.
"His experience in mobility, developmental planning and community engagement — which was especially important to us — will be key to helping guide the district's team and partners along the path to meaningful innovation that truly helps in creating a more accessible future for all," Culler said.
"Like all things, the best ideas in mobility come from diverse perspectives and I firmly believe Michigan Central is uniquely positioned to both catalyze such ideas and support the long-term vitality of Detroit," Sirefman said in the release. "I see this incredible asset — Michigan Central — and the work developed and piloted here living at the nexus of physical, social and economic mobility. As an open platform welcoming all to break new boundaries in innovation across all three fronts, we have an exciting opportunity to be a world-leading place of impact — starting with Detroit communities and extending outward."
Sirefman is a New York native, but has ties to Detroit through the creation and operation of a program through the Islandview Village Development Corp., a nonprofit community redevelopment organization. The program transformed a declining industrial corridor into a model urban industrial area while encouraging job growth and economic development. Sirefman also co-designed a citywide grassroots industrial retention program as a member of Detroit Economic Growth Corp.
His experience includes urban planning, technology and government in the public, private, institutional and nonprofit sectors. Sirefman has a master's degree in urban planning from the University of Michigan and a bachelor's from Wesleyan University.
Sidewalk Labs was founded as an Alphabet company focused on urban innovation. Prior to its creation, Sirefman started Sirefman Ventures, a development services firm that leads transformative projects for corporate, nonprofit and government entities. It led Cornell University's bid in a New York City competition to attract a new applied sciences graduate program and helped lead the development of the Cornell Tech campus. Sirefman also was a member of New York Mayor Michael Bloomberg's economic development team and oversaw development in the United States for Brookfield Properties.
Michigan Central will operate as a wholly owned subsidiary of Ford Motor Co. The 30-acre district will focus on strategy and planning, business development, innovation services and mobility partnerships.
The district's goals include the future of mobility and through Michigan Central, a public-private partnership including Michigan and Detroit designated a Transportation Innovation Zone at Michigan Central, the first in the Midwest. It will allow companies to pilot technologies in a safe, real-world environment.
The former train station that anchors the district is set to open in 2023. Work is already being done through Michigan Central, including an app that helps visually impaired people navigate complicated urban landscapes, programs to support electrification of commercial fleets and work toward changing how goods move on the first and last 50 feet of their journey.
A separate Porsche listing could offer a new funding option for the group as VW's convoluted shareholder structure limits options to raise fresh equity capital such as rival Tesla has done. Bloomberg estimates the brand could be valued at up to $96 billion.
The EPA is expected soon to reissue a waiver under the Clean Air Act allowing California to set its own auto tailpipe standards and ZEV mandates that are more stringent than those set by the federal government, reversing a Trump-era rule that sought to block states from doing so.
Whether Waymo, still the only company that has deployed robotaxis without human backups open to the public in the U.S., has positioned itself as the self-driving leader or spread itself too thin is arguably the most important business-related question in the industry.
AutoNation CEO Mike Manley said that he's "pursuing" a captive finance company. Asbury Automotive and Penske Automotive have also discussed the idea of establishing in-house lenders.
After weeks of sharp rises, the pace of global vehicle production cuts stemming from the microchip shortage slowed down a bit.
Asbury Automotive Group Inc. CEO David Hult says Asbury expects growing supply and shrinking margins in the final six months of 2022.
The basketball star plugs the GMC Hummer EV Edition 1 pickup in ad debuting during NBA All-Star Game and as EV marketing battles intensify.
Exor SpA, which controls Ferrari and is Stellantis' biggest shareholder, agreed to pay for so-called exit tax claims relating to its 2016 merger with its Dutch subsidiary, Exor Holding NV.
The BEV Sport concept signals the future of the luxury brand. Lexus says it also revives the spirit of the LFA, a halo model discontinued in 2012.
Magna International says its battery-electric, four-wheel-drive powertrain system could allow automakers to electrify their light trucks without having to redo the architectures.
Tesla accused the SEC of targeting Musk for being "an outspoken critic of the government." Musk also compared Canadian Prime Minister Justin Trudeau to Adolf Hitler.
The SEC's lawyer said in a court filing if Tesla and Musk have "legitimate objections with the SEC’s processes...they should pursue those objections in the appropriate forum.”
Toyota's surprise unveiling of 16 all-electric prototypes and mockups showed what a large automaker has to do to transition to EVs.
