Jeep plant goes offline as Stellantis invests in EV production

Stellantis’ shift toward an electrified future is making one big assembly plant go dark while a sizable investment is creating create job security at three plants in a neighboring state.

 

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Former Okla. Kia dealer accused of tampering with case while awaiting fraud sentencing

Authorities said Bobby Mayes helped his co-defendant Courtney Wells flee to Mexico while they awaited sentencing on his 2021 conviction for fraud at his Big Red Dealerships group. Prosecutors said he also fabricated evidence and made a call to the U.S. Western District of Oklahoma Court with false information.

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Volvo intensifies push to develop software in-house

Volvo will add its third technology hub in a year as CEO Jim Rowan makes in-house software development a priority.

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New Toyota CEO, with eye on Tesla, plots next-gen EV platform push

Grudging admiration for Tesla helps reinforce a stark realization at Toyota. For all its expertise in electrification going back to the first Prius hybrid, Toyota needs a great leap forward for the new era of full electrics.

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Tesla, Musk sued by shareholders over self-driving safety claims

Tesla and its Chief Executive Elon Musk were sued Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles' Autopilot and Full Self-Driving technologies.

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Tesla pauses rollout of driving-assist software

Tesla has temporarily stopped rolling out its $15,000 driver-assistance system until it addresses issues that led the carmaker to recall almost 363,000 vehicles.

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Nissan to qualify for full EV tax credits in U.S. starting in 2026

Nissan will be able to comply with U.S. local sourcing rules for EV tax credits from 2026 as it consolidates platforms and drivetrains for more competitive EVs.

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Canada aftermarket supplier Uni-Select sold to U.S.-based LKQ for $2.1 billion

Québec-based Uni-Select, Canada’s largest supplier of automotive refinish, industrial paint and more than two million replacement parts in the auto industry, is being purchased by U.S.-based LKQ Corporation for about $2.1 billion in cash.

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Tesla overtakes Ford in U.S. brand loyalty award for first time

S&P Global Mobility's 2022 Automotive Loyalty Awards show GM and Tesla are the big winners with Tesla topping Ford for brand loyalty for the first time.

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Nissan to qualify for full EV tax credits in U.S. from 2026

Nissan will be able to comply with U.S. local sourcing rules for EV tax credits from 2026 as it consolidates platforms and drivetrains for more competitive EVs.

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Affordability creates F&I sales concerns

Training F&I staff to sell customers on the benefits of F&I products to protect costly vehicles is now more important than ever, experts say.

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Column: After Argo, there are small signs of hope on the path toward autonomous vehicles

For Waymo, Cruise and Zoox, work continues on the robotaxi dream in the aftermath of Argo's shuttering.

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Goodbye touch screen grime — maybe

GM hasn't said how, when or whether elf-cleaning technology might make its way into a vehicle.

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Automotive News live talk: The science behind Toyota's carbon reduction strategy

Toyota Chief Scientist Gill Pratt joins Automotive News Executive Editor Jamie Butters and Asia Editor Hans Greimel for a live discussion on electrification.

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Stellantis CEO Tavares' 2022 pay fell 14%

Despite Stellantis reporting 2022 profit that beat forecasts, its CEO's pay fell compared with the previous year.

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Mobility reporter is an award winner

Molly Boigon has joined Automotive News as a transportation and mobility reporter in New York.

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Jeep workers mull options as Belvidere plant goes idle

The Belvidere, Ill., Assembly Plant, where Jeep builds the Cherokee, has served as a lifeline for generations of workers since opening in 1965. Now its future is in limbo as the industry transitions to electric vehicles.

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Carvana debt bills come due with business 'firmly in retreat;' shares plunge

The quarterly loss reported Thursday caps a disastrous year in which Carvana’s stock plummeted 98 percent, erasing almost almost $37 billion of market capitalization. Shares plunged nearly 20 percent in morning trading.

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Ford China appoints Sam Wu as new chief

Ford promoted Sam Wu to head up its China business as the U.S. automaker seeks to reverse a more than five-year sales slump in the world's largest auto market.

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VW Group said to be formulating Scout, Audi EV assembly plans in U.S.

A U.S. plant for EVs has become "highly attractive," Audi CEO Markus Duesmann told a German newspaper. He added that a decision had not yet been made. Separately, VW's Scout brand is planning to begin production in 2026 from a VW Group-built plant in the U.S., Automobilwoche reported.

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Tesla's latest crash highlights regulatory and legal challenges

It's not clear if the collision with a Contra Costa County involved the company's advanced driver assistance systems, but the case echoes others in which Tesla drivers using self-driving technology crashed into emergency vehicles.

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Audi plans EV factory in U.S. due to Inflation Reduction Act, CEO says

A U.S. plant for electric cars has of become "highly attractive," CEO Markus Duesmann told a German newspaper.

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Carvana net loss widens to $806 million in Q4

The company's rising tide of red ink caps off a year of inflationary pressures, rising interest rates, reductions in profit per vehicle and fluctuations in consumers' used-vehicle demand.

 

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Mechanics Bank stops taking auto loan applications, will exit the business

Mechanics Bank of Walnut Creek, Calif., confirmed to that it is exiting its indirect auto-lending business and has stopped taking new loan applications.

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Mercedes lays groundwork for more software-based upgrades

Software-based vehicle upgrades generated more than $1 billion in revenue for Mercedes-Benz last year.

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Growing number of retailers, restaurants and travel centers install EV chargers

Subway announced plans to install EV chargers and BP Products North America acquired TravelCenters of America, expanding its EV charging goals, this month.

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Electric-truck maker Lordstown pauses production, deliveries

Electric-truck maker Lordstown Motors said it would temporarily stop production and deliveries of its pickup truck Endurance due to performance and quality issues with some components.

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Tesla to base engineering headquarters in California, Musk says

The company is occupying the former headquarters of Hewlett Packard, CEO Elon Musk said in a live-streamed event with California Gov. Gavin Newsom. They offered few other details about the move.

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Forvia plots major hydrogen growth in North America

Supplier Forvia has bold plans for hydrogen growth in North America as it weans itself from internal combustion.

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UAW raises strike pay to $500 per week, reversing previous position

The move comes seven months after delegates supporting establishment candidates rejected a raise in strike pay to $500 per week on the last day of the union's constitutional convention, undoing a victory for reform-minded delegates from earlier in the convention.

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Jeep, Ram drive Stellantis profit surge despite sagging vehicle sales

Adjusted operating income from North America surged 23 percent to $14.8 billion for the second year since the merger of Fiat Chrysler Automobiles and PSA Group.

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U.S. dealerships grew for 2nd year in a row, annual franchise report says

The number of U.S. franchised dealerships rose slightly in 2022, marking the second straight year of increases, according to an Urban Science report.

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Tesla scales back German battery plans, won over by U.S. incentives

Tesla had planned to produce full batteries at its Berlin car plant but the automaker has changed course after the U.S. government offered tax breaks to EV makers sourcing batteries from within the U.S.

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Stellantis says 2022 profits surged 26%; UAW members to get $14,760 each

North American adjusted operating income rose 23% to $14.8 billion in 2022. Revenues surged 23% to $90.9 billion.

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Carvana stock gets slight respite ahead of Q4 earnings, but uncertainty remains

Carvana Co. is set to release fourth-quarter and full-year 2022 results Thursday. Analysts say investors are feeling a bit more optimistic that the online used-vehicle retailer can avoid bankruptcy.

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Lucid's slow deliveries, Saudi stake are focus of Q4 earnings

Lucid Group's stock is higher this year on unconfirmed speculation the automaker could go private under Saudi ownership. During Wednesday's earnings call, investors also want to hear about the gap between production and deliveries to customers.

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Bowers Automotive, Qvale Auto Group, Sewell family join $30M financing for digital consumer offering

Get Spiffy is a retail technology company targeting on-demand car care and maintenance.

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Mercedes, Nissan joint venture in Mexico faces cloudy future

The $1.4 billion joint venture auto assembly plant in Aguascalientes, Mexico, builds the Mercedes GLB crossover and Infiniti QX50 and QX55 crossovers.

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Jaguar Land Rover to open three European self-driving tech hubs

The hubs will develop self-driving systems for JLR's next generation of vehicles as the automaker tries to catch up with Tesla and other rivals in digital technology.

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NHTSA asks Tesla for more information about Calif. fatal crash

NHTSA has spent the last 18 months investigating how Tesla’s driver-assistance system Autopilot handles crash scenes involving fire trucks and other first-responder vehicles. It’s unclear whether the driver in the incident was using Autopilot.

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Red McCombs, Texas auto dealer and sports franchise owner, dies at 95

Billy Joe "Red" McCombs, a longtime Texas auto dealer who later built a business empire, died Sunday. He was 95.

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2024 Cadillac XT4 takes tech cues from Lyriq EV

A freshened version of Cadillac's smallest crossover will go on sale this summer. Pricing was not disclosed.

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Magna pegs $700M for EV battery enclosures

Magna is investing nearly $700 million in two plants in Michigan and Ontario to build battery enclosures for major electric truck models as it works to establish itself as a crucial producer EV components.

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Dealerships participate in Texas school auto tech competition

Local dealerships partner with competing schools leading up to the event to mentor the fledgling technicians.

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Buick logo revamp came from ‘happy accident’

A sketch errantly shown to GM President Mark Reuss in a design meeting several years ago led to the change.

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Genesis Electrified GV70 first Hyundai Motor Group EV to earn tax credit

The Alabama-made Electrified GV70 will eligible for the $7,500 federal tax credit that was restructured last year to disqualify imports.

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Genesis will offer Electrified GV70 with 2 loaded trims for under $80,000

2023 Genesis Electrified GV70 will come in two well-equipped trim levels for under $80,000 when it goes on sale this year.

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Ford extends downtime at Louisville Assembly over Escape software issue

The plant will be closed through Feb. 24, according to a notice to employees confirmed by Ford.

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How years of tricky talks sealed Ford’s deal with a Chinese battery maker

House Speaker Nancy Pelosi’s trip to Taiwan kicked off a diplomatic clash that caused a delay in announcing the plant. An escalating trade war didn’t help. Now, the pact is drawing scrutiny from both the U.S. and China governments.

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Guest commentary: What does social media chatter say about Elon Musk?

It's a flimsy premise to assert that a social media revolt is undermining Tesla and Elon Musk.

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The Super Bowl ad you haven't seen ... yet

Modeled on Super Bowl-style, extended-length ads, the spot's creator juxtaposes some of America's ambitious achievements, like space travel, with basic failures that thwart a child's ability to reach school without dodging traffic hazards.

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Ford F-150 Lightning fire caused halt in production, shipments

Production of the F-150 Lightning will remain down until at least the end of next week as Ford Motor Co. fixes an undisclosed battery problem.

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Buick updates Encore GX with Wildcat-inspired styling, new tech

Production of the refreshed subcompact crossover begins next month and will go on sale this spring.

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Ford technology deal with China's CATL targeted for U.S. review by GOP senator

Rubio, the top Republican on the Senate Intelligence Committee, called for an immediate Committee on Foreign Investment in the U.S. review of the licensing agreement between Ford and China's CATL.

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Tesla, Ford, GM drive EVs to 5.6% of U.S. market

A handful of legacy automakers doubled or tripled their EV registrations last year, but barely dented Tesla's overwhelming lead with 64 percent of the market. Ford was No. 2 with a 7.5 percent share in 2022.

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Tesla easily passes BMW for the 2022 U.S. luxury crown

Tesla's 484,351 new registrations last year were higher than any other luxury automaker, even including competitors' gasoline and hybrid powertrains products.

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AutoNation in talks with Renault for Alpine sports car sales in U.S.

The French carmaker is also pursuing other options for Alpine to move into North America, CEO Luca de Meo said.

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Former service tech faces 237 charges, accused of depositing paychecks multiple times

The service tech was charged with theft by unlawful taking, forgery and other crimes after he was accused of stealing $86,792 from Phil Fitts Ford-Lincoln in New Castle, Pa.

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Ford fights $8 billion cost deficit

Ford Motor Co. has identified measures to secure 8 percent margins on its next-generation EVs due at mid-decade but could take years to close an overall cost disadvantage of up to $8 billion against competitors, executives said on Wednesday.

Ford can save up to $2.5 billion this year through better management of production schedules and a drop in commodity prices, the company's chief financial officer, John Lawler, said at an auto conference.

The automaker posted dismal quarterly results earlier this month and blamed chip shortages, supply chain disruptions and production "instabilities" for adding to its costs.

Lawler has said Ford faces $5 billion in higher costs this year and that the company will be "very aggressive" in reducing expenses in its manufacturing, supply chain and distribution operations.

Longer term, the company aims to reduce dealer inventories and drive more transactions online, among other measures, according to CEO Jim Farley.

Ford shares were down 2 percent in afternoon trading.

The company has "locked down" the designs of its new electric trucks and crossovers and aims to lower battery cell costs to less than $70 per kilowatt-hour as it phases in cheaper lithium iron phosphate chemistry, Farley said.

In order to boost profitability on its second-generation EVs, Farley said Ford plans to shift to large underbody castings to reduce parts count and simplify manufacturing - a process Tesla Inc. pioneered.

Other gains will be made by introducing more efficient battery chemistries and reducing pack sizes, while shifting to more aerodynamic vehicle designs, the executives said.

Making an EV more aerodynamic can save "thousands of dollars in battery costs," Farley said. "Why do you think we are doing Formula One? Because they have the best aero people in the world."

He said Ford is still fighting entrenched mindsets in design and engineering - one of the reasons he created a separate organization, Ford Model e, to oversee development, manufacturing and distribution of the automaker's future electric vehicles.

"We have a bracket group," Farley said. "We have hundreds of engineers who make brackets. If you want to make 8 percent margins in EVs ... There's no bracket group."

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Dealer-backed LIFO tax relief bill reintroduced in Senate after House effort

The bill's reintroduction comes after U.S. Reps. Dan Kildee, D-Mich., and Jodey Arrington, R-Texas, revived LIFO tax relief legislation in the House earlier this month.

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Ford idles Louisville Assembly over software issue with Escape

Workers in Louisville were told late last week the plant would be idled Feb. 13-19, according to a memo obtained by Automotive News.

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Survey finds half of vehicle owners reported problems with crash-avoidance tech after repairs

Among the nearly 500 vehicle owners surveyed by the Insurance Institute for Highway Safety, about half said they had issues with certain crash-avoidance features after the technology was repaired.

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How Nissan used TikTok creators to promote the new Ariya EV

The automaker invited hundreds of TikTok users to share videos of themselves pronouncing the name of the Nissan Ariya, its latest EV.

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Car prices hit record high as automakers limit output

But for the typical American family, a new car is now just a distant dream.

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Nissan recalls more than 460,000 vehicles globally over airbag cover emblems that may detach

The airbag cover recall includes certain 2008-11 Titan, Frontier, Xterra, Pathfinder and Armada vehicles as well as 2008-09 Quest vehicles.

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Hyundai, Kia to offer software upgrade to 8.3M U.S. vehicles to prevent thefts

Hyundai said it is "introducing a free anti-theft software upgrade to prevent the vehicles from starting during a method of theft popularized on TikTok and other social media channels."

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VinFast founder has no plans to inject more money into EV maker

VinFast lost $1.3 billion in 2021 and close to $1.5 billion in the nine months through Sept. 30, according to a filing in the U.S. ahead of the EV maker's planned IPO.

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Tesla workers launch union campaign

Tesla workers located in New York state are preparing a potential first for the EV maker.

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Shoichiro Toyoda, pilot behind Toyota's U.S. expansion and Lexus launch, dies at 97

Toyoda piloted his family's namesake company through the trade tensions of the 1980s. He also represented the Toyoda clan on the board for 57 years, making him the automaker's longest serving director. He is also the father of current Toyoda CEO Akio Toyoda.

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Zoox's purpose-built robotaxi reaches public roads in California

Zoox carried dozens of Zoox employees in its purpose-built robotaxi Saturday during multiple trips on public roads that link two of the company's offices in Foster City, Calif.

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U.S. senators urge telecom agency to OK use of connected vehicle spectrum

The 5.9 GHz spectrum block was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other to avoid crashes but has so far gone largely unused.

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Family-owned Texas dealership group buys Toyota, Honda, GM, Stellantis stores with New Mexico purchase

Casa Auto Group's third generation of family leadership takes the company across state lines for the first time in decades with the purchase of four stores in New Mexico.

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Ferrari CEO moves fast like Tesla while forging own path on EVs

Benedetto Vigna credits Tesla with accelerating change within an industry steeped in engine cylinders.

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Next Toyota CEO says reforming EV strategy is his new team's top priority

Among the executives to get promotions are global design chief Simon Humphries, who takes on a wider role, and chief compliance officer Masanori Kuwata, who will lead electrification at Lexus.

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The latest numbers on the microchip shortage: More North American cuts

Automakers cut another 33,900 vehicles from their North American factories’ production schedules last week, a sign that the microchip shortage continues to linger despite improvements in supply.

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Learning to use EV chargers the hard way

New EV drivers are discovering that not all public charging experiences are created equal. Prospective EV buyers are catching wind of network glitches and inconsistencies, and that's giving them pause.

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See Ram's innuendo-packed Super Bowl ad, Jeep remix of ‘Electric Boogie'

Ram's fourth-quarter Super Bowl commercial portrays its upcoming 1500 REV pickup as a remedy for people suffering from "premature electrification."

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Tesla price swings are upending auto norms

Tesla has long shifted prices as it weighs supply and demand in the emerging EV market, but shoppers may not be ready for recent price instability that affects resale vales and lease contracts.

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Musk rival to air Super Bowl ad calling for ban on Tesla 'self-driving' feature

Self-described tech billionaire Dan O'Dowd takes his campaign against Tesla's 'Full Self-Driving' software to the airwaves during targeted ads on Super Bowl Sunday. The FSD feature does not make Teslas autonomous.

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Magna Q4 earnings plummet

The quarterly and annual earnings drops for Magna, the world's fourth-largest supplier by annual sales to automakers, reflect the broader financial struggles parts suppliers have faced during the last year.

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Audi, Porsche, Mercedes-Benz and Chevy dealerships sell in 4 states

The dealerships, which sold in separate transactions last year, are in Michigan, California, Washington and Illinois.

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Gentex to pay $4 million to resolve SEC charges involving employee bonuses

Under the settlement, Gentex and its CFO agreed to cease-and-desist orders in addition to the civil fines. The settlement neither admits to or denies the SEC's findings. The SEC did not accuse Gentex of fraudulent activities.

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Skepticism meets Biden EV push

Dealers say they're feeling pressure from automakers to invest in EVs and the necessary infrastructure and upgrades to sell and service them. They are split on the Biden administration's strategy.

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Honda says chip shortage bottoming out but will drag on until latter half of 2023

Honda expects global sales to dip below the 4 million-unit level to 3.85 million vehicles this fiscal year, below Honda’s global production capacity of 5.14 million.

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Honda says chip shortage bottoming out but will drag on until latter half of 2023

Honda expects global sales to dip below the 4 million-unit level to 3.85 million vehicles this fiscal year, below Honda’s global production capacity of 5.14 million.

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EV drivers struggle with declining reliability of charging network

The electric vehicle charging network in the United States is plagued by reliability issues with at least 1 in 5 charging attempts by EV drivers failing, J.D. Power research shows.

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Bank of America offers to bundle EV chargers with auto loans

The banking giant is anticipating demand for the products will increase as buyers turn away from gas-powered cars. The offer begins Wednesday.

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Wells Fargo to pay $300 million to settle car insurance suit filed by investors

The settlement was announced nearly six years after a New York Times investigation revealed that about 274,000 customers were put into delinquency and almost 25,000 vehicles were wrongfully repossessed.

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Toyota supplier portal breached by white hat hacker

The hacker gained read-and-write access to 14,000 corporate Toyota email accounts and related confidential documents. Toyota said there was no malicious access. It closed the breach and thanked the white hat hacker.

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Penske Automotive's Q4 net income declines amid record revenue

The auto retailer's fourth-quarter included higher foreign currency exchange and lower average gross profits per new vehicle and used vehicle, though higher new-vehicle sales helped generate record fourth-quarter revenue.

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Subaru envisions U.S. lineup of ‘several' EVs by 2025; operating profits soar

Subaru's upcoming EVs would be in addition to the only full-electric vehicle currently in the lineup, the Solterra crossover co-developed with Toyota. Subaru wants to derive 40 percent of its global sales from battery electrics and hybrids by 2030.

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VW misses full-year cash target amid supply chain woes

The automaker reported preliminary cash flow of around 5 billion euros ($5.36 billion) for 2022, falling well below its target of around 8.6 billion euros.

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BMW X5 and X6 get a lavish freshen this year

BMW is giving its X5 and X6 crossovers updated powertrains with improved electrification this year.

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Shyft Group adds capacity to Blue Arc electric van plant

Facility upgrades and additional equipment will enable production of 3,000 Blue Arc EVs per year.

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Hertz has less than half the Teslas it planned to order by now

Hertz said its rental fleet peaked at 428,700 vehicles last year, and that Teslas were 11 percent of its fleet. That means Hertz had fewer than 50,000 Teslas in its fleet — less than half it expected to have by the end of 2022.

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VC division sees range anxiety, grid problems hampering EV adoption this year

When it comes to EVs, a shortage of raw materials, ongoing global supply chain turmoil and an overloaded electric grid are reasons they may not catch on with American drivers in the coming years, UP.Partners' mobility division said.

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Flo to launch redesigned fast chargers

The new charger, Flo Ultra, designed for safety and accessibility with two charging ports per unit, will be available in 2024.

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VinFast cuts about 80 jobs in North America, including U.S. CFO

The job cuts raise questions about the health of the Vietnamese company ahead of a possible stock listing.

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Ford uses 25% more engineers doing same work as rivals, Farley says

"It takes us 25% more engineers to do the same work statements as our competitors," Farley said.

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EV startup Vinfast to cut U.S. jobs

Amid a restructuring, VinFast is grappling with a late shipment of its first cars.

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EV battery inspection startup Liminal raises $17.5 million

Sweden's Northvolt and Canada's ArcTern Ventures joined this funding round for startup Liminal.

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Rebalanced Nissan Alliance brings Renault to U.S. doorstep for first time in decades

In Mexico, Nissan will produce a new model for Renault, making it the first Renault vehicle produced there in 20 years, but there are no immediate plans to re-enter the U.S. The deal also gives Mitsubishi an opportunity to expand in North America.

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Renault, Nissan agree to reshape alliance; Nissan to invest 15% in Ampere EV unit

Renault and Nissan signed a deal to reshape their alliance, with Nissan committing to invest in Renault's electric-vehicle business. The agreement also includes developing and working on several new models globally.

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Time for pinching pennies at Ford, GM

While GM posted record earnings in 2022, Ford CEO Jim Farley cited poor execution and 'dysfunctionality' within the company for reducing profits.

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Stellantis eager to talk with prospective minority dealers

A diversity executive with the automaker speaks about how it finds and matches minority dealer candidates to the right stores.

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Expanded Chicago show debuts new Toyota Grand Highlander

The 2023 Chicago Auto Show will feature the debut of the new Toyota Grand Highlander, a larger three-row crossover aimed at those who don't want a minivan but need seating for up to 8, a redesigned Subaru Crosstrek and refreshed VW Atlas and Atlas Cross Sport.

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Tesla raises Model Y prices $1,000

Tesla raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits.

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Musk defeats Tesla shareholder suit over 2018 'funding secured' tweets

The outcome is a bitter loss for the shareholders who sought to recoup trading losses from fluctuations in Tesla shares after Musk posted the messages. Musk abandoned the take-private plan about two weeks after his initial tweets.

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Dealer's wellness program cuts benefits costs by incentivizing health

Friendship Family of Dealerships' wellness program is improving team morale and productivity, according to their human resources director.

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Stellantis, Ford, GM and Mercedes-Benz dealerships trade hands in Q4

Stellantis, Ford, GM and Mercedes-Benz dealerships sold in fourth-quarter transactions across Montana, Missouri, New Jersey and Michigan.

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Ford returns to Formula One as partner to Red Bull

Ford has a rich history in F1, winning 10 Constructors’ championships and 13 drivers’ championships during a stretch that ended in the early 1980s.

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Ford returns to F1 as racing series sees surge in popularity

Ford has a rich history in F1, winning 10 Constructors’ championships and 13 drivers’ championships during a stretch that ended in the early 1980s.

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Toyota supplier Denso cuts profit forecast on production risks

Denso said the new forecast took into account the pandemic's impact in China and the risk of vehicle production cuts due to the ongoing global semiconductor shortage, despite efforts being taken to reduce costs.

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VinFast delays U.S. car deliveries to late February

The Vietnamese company started to ship its first 999 EVs in November, but has not delivered them to customers yet after the company initially targeted December deliveries.

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Shift Technologies sheds East Coast stores

The retailer said its store leases, inventory and related assets in Richmond, Va., Charlottesville, Va., and Tampa, Fla., will "be assumed by a local dealership group." It did not disclose the name of the group.

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Renault, Nissan set to announce alliance redesign on Monday

Renault and Nissan will present the agreements that will define the new bases for their partnership, the automakers said.

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Aptiv posts double-digit revenue growth, profit boost in Q4

Fourth-quarter net income soared to $233 million from $15 million a year earlier, when one-time special costs and a decline in revenue hurt results.

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Longtime Mercedes-Benz USA marketing boss Drew Slaven departs

Slaven, 56, who served as chief marketing officer for nearly a decade, decided to retire, a company memo said. He is the latest in recent high-level executive departures at Mercedes-Benz USA.

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StoreDot and Circulor partner to increase transparency, sustainability in EV battery supply chain

The companies will track carbon dioxide emissions from mining the necessary raw materials used in StoreDot battery cells and the cell manufacturing process.

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GM teams up with Netflix to tout EVs in Super Bowl ad, shows

The co-branded spot promotes the companies' collaboration to feature more EVs on screen, including in Netflix shows.

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Volvo readies EV push in biggest product revamp under Geely

The product plans amount to the largest revamp of Volvo’s model line-up since Geely acquired the brand from Ford.

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Toyota slides; Honda, Hyundai, Kia, Mazda rack up U.S. sales gains

U.S. light-vehicle deliveries are forecast to rise 2.4 percent to 6.5 percent in January, analysts say, with sharply higher fleet shipments expected to offset a drop in retail volume.

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Commercial electric truck demand far outstrips charging infrastructure

Truck manufacturers and shippers say a lack of charging infrastructure and long delays in building projects hamper the transition to zero-emission trucking.

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Toyota slides; Hyundai, Kia, Mazda rack up more U.S. sales gains

U.S. light-vehicle deliveries are forecast to rise 2.4 percent to 6.5 percent in January, analysts say, with sharply higher fleet shipments expected to offset a drop in retail volume.

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Hyundai, Kia, Mazda rack up more U.S. sales gains

U.S. light-vehicle deliveries are forecast to rise 2.4 percent to 6.5 percent in January, analysts say, with sharply higher fleet shipments expected to offset a drop in retail volume.

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Audi forms joint venture with digital agency — behind the deal

The automaker forms Audi RED in partnership with digital experience design shop BIMM.

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Electrify America, TravelCenters of America to install 1,000 chargers along U.S. highways

The partnership will add charging stations to major travel corridors over five years, aiming to ease consumers' range anxiety on road trips.

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Congress reintroduces bill to stop surge of catalytic converter thefts

The legislation 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.

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Battery startup Our Next Energy raises $300 million in new funding round

Battery startup Our Next Energy Inc., known as ONE, closed a $300 million investment round, the company said Wednesday. It came amid broad economic headwinds, and funds ongoing construction at its Michigan factory.

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