The planned launch of the Origin, designed as a purpose-built automated vehicle, "is a huge unlock" for Cruise because of its lower cost.
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The planned launch of the Origin, designed as a purpose-built automated vehicle, "is a huge unlock" for Cruise because of its lower cost.
Early data from S&P Global Mobility suggests consumers moving to EVs this year are leaving Toyota and Honda, which are falling behind in the EV transition. The beneficiaries: Tesla, Ford, Hyundai and Chevrolet.
The FCC ruling this month ends a debate over whether ringless voicemails, a telemarketing practice sometimes used by auto dealers, was illegal under federal law.
Tesla may now be headquartered in Texas, but it still has a formidable presence in California, where public policy and funding has paved the way for electric passenger cars, and now, electric big rigs.
The upgraded suite, called Honda Sensing 360, is now being deployed on some models in China. It uses an expanded sensory range around the entire vehicle that eliminates blind spots and enhances collision avoidance.
Kari Shimmel, 41, CE's chief strategy officer since late 2018, will immediately step into the role of CEO, succeeding Kevin Wertz, who is stepping down as CEO but will remain in a consulting role.
The upgraded suite, called Honda Sensing 360, is now being deployed on some models in China. It uses an expanded sensory range around the entire vehicle that eliminates blind spots and enhances collision avoidance.
The reversal highlights the pressure on legacy brands in the world's largest auto market.
Faraday’s directors voted to remove Breitfeld and replace him with Xuefeng Chen, who currently leads the automaker’s China division.
The automaker is working to ease dealerships into its ambitious EV rollout, but it has no plans to specify the dollar amounts they'll need to invest as GM and Ford have done.
A partnership with VW would be a breakthrough for the Taiwanese smartphone manufacturer's automotive ambitions.
The 22 heartland states have just 16 percent of national EV share. A slew of new electric models and a push to build more EV chargers is likely to spur greater adoption, the report says.
Biden said Monday that lawmakers should “immediately” codify the agreement he helped broker in September between unions and railroads “without any modifications or delay,” after some labor groups voted to reject it.
Stellantis' factory capacity utilization in China is estimated to fall to 13 percent in 2022 from 43 percent in 2017, LMC says, while other mainstream automakers, including VW, GM, Ford, Mitsubishi and Hyundai, have also seen plant usage decline in the last five years.
Autonomous shuttle developer named Kathy Winter, a veteran self-driving vehicle technology executive at Intel, Delphi and other companies, as COO.
The 22 heartland states have just 16 percent of national EV share. A slew of new electric models and a push to build more EV chargers is likely to spur greater adoption, the report says.
One focus of the redesign codenamed "Highland" is to reduce the number of components and complexity in the interior of the Model 3 while focusing on features that Tesla buyers value.
Protests have erupted in cities across China over the weekend, including Chengdu, as frustrations mount over the government's zero-COVID policy.
GM says its retailers have fixed 11,180 Teslas over the past two years.
Any notion that the microchip shortage would be over by now is proving to be wishful forecasting.
Manchin and Musk have generated their share of controversy, and they won't win any popularity contests in some circles, but there is no denying that the impact each has had on the industry this year has been outsized.
In 2022, neither the COVID-19 pandemic nor the global microchip shortage went away, but there are signs that both are abating. Still, the industry continued to face production challenges and inventory shortages. Our 2022 All-Stars persevered, delivering excellent products and services to their customers, introducing innovations that are key to the future of mobility and making other significant contributions to the industry in myriad ways.
The month brought an output of 1.32 million light vehicles, per the Automotive News Research & Data Center.
Vietnamese EV maker VinFast said it shipped its first batch of 999 cars to the U.S., capping a five-year bid to develop an auto production hub in the Southeast Asian country for North American and European markets.
Volkswagen dealers need a pickup. VW of America executives know it, but nobody's been able to make it happen, and that's tragic.
Volkswagen dealers need a pickup. VW of America executives know it, but nobody's been able to make it happen, and that's tragic.
Kia America COO Steve Center believes this summer's Inflation Reduction Act will crimp EV sales to mainstream customers.
Consumers got a chance to look at the new Grecale, enjoy plenty of food and beverages, and mingle with brand ambassadors.
Ford said the recall covers 2020-2023 model year Bronco Sport and Escape crossovers with 3 cylinder, 1.5 liter engines, including many also recalled in April.
The General Motors brand goes for emotional appeal, rather than the hard sell, in spot that features a woman, her neighbors and a 1957 Chevy Bel Air Nomad.
As well as a full-electric variant, Ford will offer the new Tourneo Custom as a plug-in hybrid and with three diesel powertrains.
After losing nearly $300 billion in market value in two months, a growing chorus of Tesla analysts say the share-price decline has gone far enough.
Anand, 49, takes over for Robert Lee, who left the company in May to be president and chief strategy officer for battery maker LG Energy Solution.
Nissan's EV Carefree+ initiative helps address a significant dealer pain point — the impact of low-maintenance electric vehicles on their high-growth fixed ops business.
A theft of company data in August reportedly included budget, investment and strategy plans, as well as information related to some Continental customers.
Lithia Motors has hired Adam Chamberlain as a regional president of operations. He formerly was president of Aston Martin's Americas region.
VW expects to sell 3.3 million cars in China this year, on par with the previous year’s results and about a half million fewer than the 3.85 million previously estimated.
Auto and mobility tech startups are phenomenal at innovating but terrible at scaling up their operations, according to one venture capitalist.
LG Chem is expected to supply cathode materials to Ultium Cells, a battery joint venture between General Motors and LG Chem's subsidiary LG Energy Solution.
The online retailer was prepared to invest several hundred million dollars into Argo last spring, sources told Bloomberg. Amazon planned to use Argo’s self-driving technology to automate some of the electric delivery vans.
Toyota expects to make only 700,000 vehicles worldwide next month, including 250,000 in Japan and 500,000 overseas.
The plan could include EV production in the U.S. as early as 2026-2027. The automaker also will partner with Envision AESC Group, a Chinese-owned battery maker.
The plan could include EV production in the U.S. as early as 2026-2027. The automaker also will partner with Envision AESC Group, a Chinese-owned battery maker.
A rail traffic stoppage could freeze almost 30 percent of U.S. cargo shipments by weight, stoke inflation and cost the American economy as much as $2 billion per day.
Lithia Motors' buy-sell activity continued in November with the purchase of a Chrysler-Dodge-Jeep-Ram dealership and the sale of an Acura store.
The automaker latches on to the film’s progressive themes in bid to boost green creds.
The dozen workers filed their complaints in coordination with the UAW, which has been trying to organize Rivian's plant in Normal, Ill., over the past year. The UAW shared the filings with Bloomberg News.
As the second full year of semiconductor shortages nears an end, automakers are still cutting cars and trucks off the schedule.
Toyota executives promise that coming advances in batteries, electric motors, semiconductors and carbon-neutral fuels will give hybrid vehicles an extended lease on life through 2050.
One of the thieves died after crashing a stolen Ford Mustang, and police feared other armed suspects were hiding on a Michigan university campus.
Smart, two-way charging could be the key to preventing frequent blackouts and skyrocketing energy prices as millions of EVs plug in to charge.
Salespeople at Del Grande Dealer Group's stores are learning the ins and outs of electric vehicles to tap into the California group's EV inventory.
Speaking to journalists ahead of the Los Angeles Auto Show, the new North American and global heads of the Volkswagen brand appeared to dash hopes for a VW variant of the automaker's planned new pickup for its nascent Scout brand.
Ford is recalling 572,000 F-150 pickups globally because the front windshield wiper motor might stop working.
Ford is recalling nearly 454,000 F-150 pickups in the U.S. because the front windshield wiper motor might stop working.
Tesla has recalled nearly 30,000 Model X cars over an issue that might cause the front passenger air bag to deploy incorrectly.
The inventory management change is designed to speed up vehicle delivery times — to as few as four days — and increase efficiency, which will reduce distribution costs.
Organizers hope the Tokyo auto show will reboot international interest in Asia’s one-time premier auto event and in Japan as a technology leader.
NHTSA said the Takata driver's side airbag inflator ruptured in the 2006 Ford Ranger, which was already under a "do not drive" warning issued in 2018.
Stellantis is recalling 280,000 Ram heavy-duty diesel trucks worldwide for fire risks.
BorgWarner enters into a partnership with Wolfspeed that will allow it to purchase up to $650 million of silicon carbide devices, in exchange for a $500 million investment into the N.C.-based company.
The bill aims to reduce catalytic converter thefts by requiring new vehicles to have the VIN stamped onto the converter, allowing law enforcement officers to link stolen parts to the originating vehicles.
The Florida attorney general says other agencies, including federal, also may investigate after her office received 40 complaints about lease-end fees.
The Lightning topped its competitors overall, ranking especially high among truck owners, current EV owners and those age 42 and up. The Toyota Tacoma EV also showed desirable results.
Robyn Denholm: "I’m not concerned about the amount of time that he (Musk) spends (at Tesla). He will do whatever he needs to do to achieve a result."
Hyundai is planning "a year’s worth" of campaigns connected to the 2023 Disney milestone.
EV startup Lucid will deliver the first units of a Touring trim, bringing the cost of its large sedan down to compete with luxury rivals.
The study comes as automakers add more advanced driver-assistance features to their vehicles and as NHTSA collects data on crashes linked to those technologies.
The real challenge is how quickly high-speed chargers will need to deliver electricity at a single place and time.
The left side of former "The Tonight Show" host's face was burned, but Leno's eye and ear were not severely damaged.
The study comes as automakers add more advanced driver-assistance features to their vehicles and as NHTSA collects data on crashes linked to those technologies.
The rear-end crash rate was 43 percent lower for pickups equipped with the technology than for those without it, according to a study from the Insurance Institute for Highway Safety.
The layoffs are the latest for a manufacturing sector that has been hit hard by inflation and supply chain troubles over the past two years.
The Federal Trade Commission is distributing 66,355 checks, averaging $147 each, to car buyers whom the agency says were affected by unlawful practices at Napleton Automotive Group dealerships.
No automakers received the lowest, red rating for their diversity and inclusion efforts this year. Toyota and GM got the highest possible score in five out of six categories.
Executives also plan to detail GM’s push to go from selling just about 44,000 EVs this year in the U.S. -- at a loss -- to profitably becoming one of the nation’s biggest EV producers.
Toyota is expected to increase the visual appeal of the Prius, which became a trailblazer for the fuel-saving properties of electrified drivetrains.
General Motors says it's extending its benefits program as it seeks "ways to widen opportunities for people from all backgrounds."
The estimated number of vehicles axed from automakers’ production plans this year because of the microchip shortage fell slightly last week, according to AutoForecast Solutions.
Porsche will unwrap the 911 Dakar on Nov. 16 in Los Angeles ahead of the auto show there.
Hugene Fields, 35, takes the minority dealer association's reins from longtime leader Damon Lester, who bought his own store last year.
An Federal Trade Commission proposal for regulating hidden and unexpected fees follows an earlier plan to do so within the auto retail industry. President Joe Biden highlighted "junk fees" in a speech Oct. 26.
Hugene Fields, who has extensive nonprofit experience, takes his first foray in the automotive world as the new president of the National Association of Minority Automobile Dealers.
Ford-Lincoln, Nissan, Chrysler-Dodge-Jeep-Ram and Chevy dealerships traded hands in third-quarter transactions across three states.
Polestar posted an operating loss of $196.4 million, down from $292.9 million a year ago, while revenue rose to $435.4 million from $212.9 million.
TuSimple Holdings, the self-driving vehicle startup that recently went through a U.S. national security review, ousted its interim chief executive officer and most of its board.
Shutting out European producers from the U.S. market would be "a guarantee of failure" for both economies, European Union Ambassador Stavros Lambrinidis said.
Volvo Cars' CEO Jim Rowan shares his views on the near-term future of EV pricing and government subsidies as his company launches its flagship EX90.
Pennsylvania regulators have placed two Carvana locations on a list of business entities temporarily blocked from performing motor vehicle titling and registrations.
Automakers and battery suppliers are in search of a holy grail — a battery chemistry for electric vehicles that sharply reduces charging times and greatly increases range while remaining cheap and easy to produce on a mass scale.
As chief marketing officer Nelly Kennedy will use her experience with Google to realign VW brand's marketing.
Safford acquired 14 franchised dealerships, a used-vehicle store and a muscle and classic car store from Brown's.
Cox Automotive, which in 2021 transferred its Canadian operations to the U.S. and parted ways with its Canadian president, told customers Nov. 9 it is selling the majority of its Canadian division to Trader Corp.
The move comes at a time of heightened sensitivity around relations between Berlin and Beijing.
Safford acquired 14 franchised dealerships, a used-vehicle store and a muscle and classic car store from Brown's.
High-tech EX90, Volvo's third but biggest electric vehicle, will be priced below $80,000 when it goes on sale in U.S. in early 2024.
Toyota, Kia, Stellantis, Ford and GM dealerships traded hands in multiple transactions across five states.
Gissing, a unit of a Chinese automotive supplier, carried about $100 million in liabilities, including $13.3 million owed to Tesla. The company makes interior acoustic and cargo management systems at six plants in the U.S. and Mexico.
It’s still not clear how the $44 billion Twitter deal ultimately was financed, beyond the roughly $13 billion of debt commitments from Wall Street banks.
Nissan is capturing a higher tier of customer in North America, partly through renewed product and lower incentives, COO Ashwani Gupta said.
Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago .
The EV startup posted revenue of $196 million on sales of 1,398 vehicles in the quarter and said it's on track to produce 6,000 to 7,000 units of its Air sedan this year.
Rivian Automotive reports Q3 earnings on Wednesday amid questions over its ability to meet production targets and maintain demand in slowing economy
Vehicle listings company TrueCar reported a loss of $77.1 million for the third quarter — a drop from a much slimmer loss in the same period a year ago .
Aston Martin has appointed McLaren veteran Tony Joseph to run its Americas region as Adam Chamblerlain, who joined the British automaker last November, prepares to depart.
Japan requests "flexible" thinking for new U.S. EV tax credits. If not, it also warned Japanese carmakers and suppliers would be discouraged from expanding operations in the U.S.
Renault's expansion of the partnership with Google will allow the automaker to offer more over-the-air software updates as well as additional on-demand services.
The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.
The news comes as the innovation office for the automotive group celebrates the 50-year mark since Chuck Pelly founded it as DesignworksUSA in 1972.
Under the recently signed Inflation Reduction Act, the U.S. Treasury Department is required to issue proposed guidance by the end of the year that will further define how to meet the EV tax credit's eligibility constraints.
As automakers call on the U.S. government to rethink a plan to limit tax credits for electric vehicles, they're facing opposition from an unexpected source: their own suppliers.
For decades, hydrogen has been hyped as near-miracle fuel that emits only water. Thanks to climate change and geopolitical instability, its moment in the spotlight may have just arrived.
Automotive seating suppier Adient increased sales and earnings durings its fiscal fourth quarter despite headwinds that cost the automotive supplier $2.2 billion in revenue for the year.
The seating and interiors supplier said quarterly sales surged 32 percent from last year and it more than doubled its earnings, according to its earnings report Friday.
The Plymouth, Mich.-based company, which is domiciled in Ireland, reported adjusted earnings of $227 million on $3.7 billion of revenue in the fourth quarter.
Full year revenue was up 3 percent from last year to $14.1 billion, while gross profit slipped 2 percent to $807 million.
Adient shares rose 14.2 percent to close at $37.96 on Friday.
"Our business is performing extremely well right now," CEO Doug Del Grosso said on a call with investors. "We've addressed a lot of the issues that plagued the business not that long ago. This business is about execution every single day so we have to continue to perform the way we've been performing."
Adient, which has struggled with operations in the past, said Friday that it has approved a $600 million share repurchase program made possible by its "strong operational performance, transformed balance sheet and confidence in achieving its long-term plan."
As with other automotive companies, supply chain headwinds, including inflation and car production volatility, continue to hurt Adient's balance sheet, its executives said. Those factors accounted for a $2.2 billion revenue loss and $600 million EBITDA loss for the year.
CFO Jeff Stafeil, who is leaving Adient for a job at Tenneco Inc. at the end of the month, said Adient expects to recover two-third of its losses through improved production next year.
"The temporary operating inefficiencies, we've already started to see some improvements there as the supply chains have become a little better," he said. "I would say certainly not to full level, but we've seen a little bit of green shoots in there, and we would expect that to continue to improve."
The company said it made nearly $1 billion of debt paydown in the year and expects increased earnings, margin and free cash flow in fiscal year 2023.
Meanwhile, negotiations with customers on contracts and cost pass-throughs remain ongoing, Stafeil said.
"If we're going to have that type of inflation in our type of business model, some of that is going to have to be covered by the customer," he said. "We've had great progress on that …"
EV startup calls state regulations "economic protectionism" in U.S. lawsuit.
Sales increased even as climbing interest rates and surging new-vehicle prices continue to threaten affordability.
Michael Taylor, a former U.S. Green Beret, and his son were imprisoned last year after they pleaded guilty to helping the auto industry executive flee from his trial in Japan in late 2019.
The EV maker has one store in the state and began construction of a second, much larger location last month.
Each of the six major public dealership groups is taking in less gross profit per used vehicle, while a pair of them have seen used-vehicle sales volumes tumble, too.
Southfield official: "It's not going to be your grandfather's bump shop because of the sophistication of the chips and software. This is unique."
While denying talk of a sale, American Axle said it is considering "strategic opportunities that serve the best interest of the company."
Mauro Forghieri has been linked with Ferrari for nearly 40 years and is one of the most significant figures in the company's history.
Magna lowered its annual sales forecast as supply chain snags and higher utility costs keep global vehicle production under pressure.
Each of the six major public dealership groups is taking in less gross profit per used vehicle, while a pair of them have seen used-vehicle sales volumes tumble, too.
Nissan CEO Makoto Uchida said he was talking to Renault CEO Luca de Meo every weekend as part of discussions between the two automakers that would be "ongoing."
EV maker Faraday Future once called itself the next Tesla but has yet to produce a vehicle.
The demise of Argo AI is the latest high-profile stumble in the AV space, but the technology is still young and remains promising.
Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren't ready to remove driver controls like steering wheels and pedals just yet.
Tesla CEO Elon Musk expects self-driving cars by 2024 or sooner, but Rivian and Lucid aren't ready to remove driver controls like steering wheels and pedals just yet.
The van, available this spring, will be highly customizable and start at $67,770, including shipping.
Stellantis confirmed its forecast for a double-digit margin on adjusted operating profit and positive industrial free cash flow this year.
Kia's 2023 Telluride comes with revised styling, a larger interior display and off-road capability — and a bigger price tag.
Operating profit for the first three quarters of 2022 was 575 million euros ($568 million), as global economic uncertainty did not dent customer interest, especially for niche models and customization.
The company now expects to deliver as few as 6,200 cars, down from an earlier projection of more than 6,600 units, after parts shortages prevented some 400 autos from being shipped in the third quarter, it said.
Subaru says soaring labor costs are one reason the company is not thinking of new investments to build EVs in the U.S. anytime soon. Subaru said its third-quarter net income nearly doubled to $350.2 million.
Operating profit more than tripled to 53.8 billion yen ($372.3 million) and net income more than doubled to 44.1 billion yen ($240.4 million) in the three-month period.
Credit Acceptance posted net income of $86.8 million, down 65 percent from a year earlier.
EV maker Tesla has closed what had been its flagship showroom in China as the company adjusts its sales and service strategy in its second-largest market.
Subaru says soaring U.S. labor costs are one reason the company is not thinking of new investments to build electric vehicles Stateside anytime soon.
October U.S. light-vehicle deliveries are forecast to rise as inventory slowly improves and demand remains steady, even amid rising interest rates and higher new-vehicle prices.
Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.
The self-driving trucking startup said an investigation by its board showed some of its employees spent paid hours last year working for Hydron, a startup working on autonomous trucks mostly in China.
Toyota warns of looming price increases, saying they are needed to offset surging input costs that drove the automaker's North American business to an operating loss in the latest quarter. The big question is how much of an increase customers will be willing to bear.
Automotive mirror supplier Gentex said Friday that supply chain challenges led to lower third-quarter profits, but also touted a sales increase compared with 2021.