Fire at Rivian plant in Illinois under investigation

A defective battery pack caught fire at the Rivian plant in Normal, Ill., leading to the evacuation of the area where Rivian tests battery packs.

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Supplier Marelli selects KKR to lead turnaround, debt restructuring

As part of the turnaround plan, Marelli is seeking the cancellation of about 450 billion yen ($3.5 billion) in debt, out of obligations of about 1.13 trillion yen, Bloomberg reported.

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Ford, Texas dealership face lawsuit over recalled Takata airbag

The decadelong Takata airbag recall continues to plague automakers as more litigation emerges following Texas accident.

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A brighter business outlook in the States is one reason Canadian dealer groups are buying U.S. stores

It's not just warmer U.S. weather, but also the promise of a brighter outlook for business that is drawing interest from Canadian dealer groups.

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Kia, Stellantis and Ford dealerships sell in 3 states

Morgan Automotive Group, Sandy Sansing Automotive and Max Motors Dealerships acquire stores in the second quarter.

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Stellantis to build large vans for Toyota in Italy, Poland

The collaboration will give Toyota a large van to sell in Europe for the first time. Stellantis currently builds compact and midsize vans for Toyota, in both commercial and passenger versions.

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GM steers fleet buyers toward EVs

The automaker's fleet team has persuaded nearly 370 companies to place 85,000 reservations for the Chevrolet Silverado EV work truck.

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Rivian, Hyundai make Georgia a major auto player

In the past six months, Georgia has secured two developments, from Rivian and Hyundai, that will deliver more than $10 billion in auto industry investment and more than 15,000 assembly jobs.

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The latest numbers on the microchip shortage: 167,000 more cuts

Even as the global microchip crisis seems to be waning, automakers still can't get enough supply to maintain production schedules.

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2023 Integra to be Acura's last gasoline-powered new vehicle

Acura hopes bringing back its Integra will capture and keep millennial buyers who still care about driving performance, before the brand transforms into an all-electric automaker.

 

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Nissan tells dealers to stop taking orders for the Ariya EV

Nissan COO Ashwani Gupta says it is better to limit orders to what can be delivered in a timely manner rather than to potentially aggravate Ariya customers by making them wait too long.

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How Stellantis plans to avoid a shortage of EV batteries

Automakers are planning more than a dozen battery plants across North America, but CEO Carlos Tavares thinks they may not be able to keep up with the volume of EVs in the pipeline.

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Ontario focuses on being Stellantis' EV hub

The automaker plans to retool its plants in Windsor and Brampton and build two new R&D centers in Canada focusing on EVs and battery technology.

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Tesla watchers worry that Elon Musk is too distracted

Investors and analysts worry that Tesla CEO Elon Musk is too focused on his Twitter purchase — and on his own daily musings on the site — as the automaker faces production losses in the critical China market and U.S. regulatory scrutiny.

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Electric Last Mile expects to run out of cash in June

The Michigan EV startup says it is 'actively pursuing potential sources of liquidity' to bolster its finances.

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LFP batteries offer cheaper alternative with less range

Most EVs have nickel manganese cobalt batteries, but lithium iron phosphate, known as LFP, batteries provide a cheaper alternative, although they trade some range.

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Toyota marks milestones in 2023 lineup

Toyota will offer limited edition 40th anniversary 4Runner SUVs featuring throwback exterior stripes, as well as a 25th anniversary limited edition of the Sienna minivan.

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In pricey town, housing an employee perk

Teton Motors in Jackson, Wyo., has taken on the challenge of a pricey housing market by offering employees less expensive housing.

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Jaguar Land Rover's search for battery manfacturing signals more losses for UK

Unless battery investment picks up, experts say, automakers may only accelerate their exodus from what was once the world's second-biggest auto manufacturing base.

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Musk's Twitter stake purchase being reviewed by SEC

The U.S. stock regulator asked Musk why it appears he did not file required paperwork within 10 days of the Twitter acquisition, and to provide more information about his public statements on the platform.

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Auto suppliers stage M&A deal wave in twilight years for ICE vehicles

The emerging trend, with a series of LBOs and M&A deals, involves suppliers that are highly reliant on gasoline-powered vehicles.

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Toyota cuts June output plan again as China lockdowns bite

Toyota said there was "a possibility" that it could lower its full-year production plan of 9.7 million vehicles as it faces a continuing shortage of parts due to the COVID-19 lockdowns in China.

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Bosch to develop autonomous driving software with WeRide

German supplier Robert Bosch signed a partnership deal with WeRide, a Guangzhou-based autonomous driving technology provider, to develop software enabling autonomous driving functions for passenger vehicle makers in China. 

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Lucid CEO shares EV secrets in 'tech talk' video

Lucid Group CEO Peter Rawlinson breaks down the EV startup's engineering tricks that make the Air sedan small on the outside and big on the inside in a new video on the automaker's "Space Concept" design.

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Ford, GM, Audi, VW and Mitsubishi dealerships trade hands in 4 states

Here's a look at dealership sales involving domestic, luxury and import stores.

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Tesla submits application to expand German plant, report says

Tesla, which already has 740 acres of land for its auto factory and battery plant under construction, plans to build a freight station, logistics areas and parking spaces on the additional space, Gruenheide’s mayor told local media.

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Automotive technology firm ECARX to go public in $3.8 billion blank-check deal

The deal includes a $45 million investment from mobility tech company Geely Holding Group, lidar sensor maker Luminar Technologies and automotive company Lotus Technology.

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Musk drops plan to use Tesla margin loan to buy Twitter

The new structure could reduce the risk of the deal for both Musk and his lenders, particularly given the recent slide in Tesla’s stock price.

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Cannon Motor buys Ford-Lincoln, Nissan and Toyota dealerships

Cannon Motor in May expanded to the Mississippi Gulf Coast with the purchase of three dealerships.

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Ford Bronco goes from nerve-wracking to money maker for roof supplier

Helping Ford to debut the Bronco has been a major challenge for Webasto.

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VW CEO sees 'clear improvement' in semiconductor supplies

Herbert Diess said he sees "clear improvement" in semiconductor supplies and expects global production to recover this year as shortages linked to the war in Ukraine stabilize.

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Ford Bronco goes from nerve-wracking to money maker for roof supplier

Helping Ford to debut the Bronco has been a major challenge for Webasto.

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Toyota North America CEO Ted Ogawa manages expansion amid production challenges

In an exclusive interview Ted Ogawa discusses production issues, product cadence, electrification and more.

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Faurecia exploring asset sales after Hella deal completion, report says

The French supplier group is weighing the sale of its emissions-control unit and Hella’s special applications division, Bloomberg reported.

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Stellantis reaches plea deal in U.S. emissions probe, report says

If the settlement is finalized, Stellantis would pay roughly $300 million in penalties to resolve a multi-year emissions fraud probe in a case dates back several years under Fiat Chrysler. 

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VW reboots to more flexible U.S. advertising strategy

VW of America's marketing vice president discusses the automaker's creative pivot and how it is taking an ‘ebb and flow’ media approach amid supply shortages.

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GM DE&I chief Telva McGruder: Auto industry must commit to 'continuous improvement'

McGruder on Tuesday delivered the keynote address at the fifth annual Rev Up 2030 DE&I summit in suburban Detroit, presented by The Center for Automotive Diversity, Equity & Inclusion.

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Lithia Motors sells Subaru dealership; Dobbs buys Chevy store

Three dealerships in three states trade hands in separate transactions spanning from December to May.

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Global surge in EV sales adds to pressure on supply chains, energy agency says

Prices surged for key raw materials such as lithium, nickel and cobalt in the past 18 months. The pandemic, the war in Ukraine and a lack of investment all had an effect, the International Energy Agency said.

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Judge blocks Tesla from shunting sex harassment suit into arbitration

Alameda County Superior Court Judge Stephen Kaus ruled Monday that the female worker who filed the complaint can proceed in court -- even though she signed an arbitration agreement giving up her right to sue.

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GM's STEVE CARLISLE: Aiming for No. 1 in U.S. again with EVs

As GM continues on the path to an all-EV future, it will strive to retake the U.S. sales crown it lost to Toyota last year after nine decades as the top seller.

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Bob Brockman ruled competent to stand trial in U.S. court for tax evasion

U.S. District Judge George Hanks discounted claims that dementia leaves Brockman, 80, unable to help his lawyers defend against a 39-count indictment accusing him of evading taxes on $2 billion of income and other crimes.

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Brockman ruled competent to stand trial in U.S. court for tax evasion

U.S. District Judge George Hanks discounted claims that dementia leaves Brockman, 80, unable to help his lawyers defend against a 39-count indictment accusing him of evading taxes on $2 billion of income and other crimes.

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Cavender Auto Family enters Oklahoma with purchase of two Ford dealerships

Texas-based Cavender Auto Family bought its second and third Ford dealerships with an acquisition in neighboring Oklahoma.

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Stellantis, Samsung SDI to build new JV battery plant in Indiana, reports say

Stellantis said it would provide an update on the future of its Kokomo operations on Tuesday that would include its North American COO Mark Stewart and Indiana Gov. Eric Holcomb.

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Toyota to suspend more production due to Shanghai shortages

Toyota's global production plan for June stands at about 850,000 vehicles, a cut of about 100,000 vehicles.

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Why car dealership leaders should train their replacements

The first rule of succession planning is talking about succession planning. Few dealerships have a formal replacement strategy in place.

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Tesla widened its luxury segment lead in Q1

Tesla's Q1 registrations surged to 113,882 vehicles, besting luxury rival BMW by 33,400.

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Industry ‘ignoring' threats, hacker says

Tesla hacker David Colombo urged the auto industry to do more to shore up its cybersecurity defenses while speaking at EcoMotion, the annual Israeli innovation conference.

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For some would-be Ford Bronco owners, the wait continues

Ford had hoped to clear out thousands of Broncos that were awaiting microchips in holding lots by May, but some owners say they're still in limbo — and they likely will be for months.

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