Tesla Model Y was the world's best-selling car in Q1

The premium midsize crossover beat the Toyota Corolla for the title with 267,171 Model Ys sold in the first quarter.

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Tesla Model Y was the world's best-selling car in Q1

The premium midsize crossover beat the Toyota Corolla for the title with 267,171 Model Ys sold in the first quarter.

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Honda, Acura well positioned in 2023, says American Honda's Mamadou Diallo

Mamadou Diallo, American Honda Co.'s executive vice president of national operations, says Honda is on track to hit sales of 1.2 million in 2023 and Acura is aiming for 160,000 sales.

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If Toyota Grand Highlander cannibalizes sales of smaller namesake, it's part of the plan

The new 2024 Toyota Grand Highlander is an extended version of the brand's popular crossover with a more usable third row, optional hybrid powertrains and towing of up to 5,000 pounds.

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Stellantis designer Chris Benjamin joins Scout Motors

Veteran Stellantis designer Chris Benjamin joins Volkswagen Group's Scout Motors to lead design for the EV-focused brand that will specialize in utility vehicles and trucks.

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Dealer-backed VC fund raises $13 million, lower than target

Automotive Ventures had hoped to raise as much as $50 million for its DealerFund, but economic trends left investors more cautious.

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Musk echoes Apple, Mercedes CEOs on importance of China ties

Tesla's Elon Musk joined Apple's Tim Cook, Mercedes' Ola Källenius and other car and tech bosses in emphasizing the importance of maintaining ties with China in his first visit there since before the pandemic.

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GM getting $220 million in Canadian government support for EV battery materials plant in Quebec

The CAM produced by the joint venture in Quebec will supply Ultium Cells battery plants in the U.S., and ultimately be integrated into vehicles such as the Chevrolet Silverado EV, Cadillac Lyriq and BrightDrop vans.

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Bentley names former Volvo exec head of design

Robin Page returns to the VW Group subsidiary after losing the top design job at the Swedish brand.

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Nvidia stock surge drives market value near $1 trillion

The company, which works with several global automakers such as BYD, Mercedes-Benz and BMW, saw its stock surge 24 percent on Thursday, adding $184 billion to its value. The surge continued Friday.

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Europe's consumers lose interest in family haulers, just like Americans did

Renault was the pioneer of European minivans. But its sixth-generation Espace has just transitioned from minivan to SUV as the old segment disappears.

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Musk: Running 3 companies at once is ‘quite painful'

He has just one part-time assistant and handles most of his own scheduling because "it's impossible for someone else to know what the priorities are."

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Automakers ask court to block June 1 enforcement of Mass. updated right-to-repair law

The action comes after state Attorney General Andrea Campbell said in a March filing that terminating her office's nonenforcement stipulation was "in the public interest" and would take effect at the start of June.

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Fiat names new North American chief

Aamir Ahmed, 39, who worked in marketing for Fiat Chrysler before going to Amazon and Harman International, is the new leader of a brand that has struggled to gain traction since returning to North America in 2011.

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Tesla's charging pact with Ford could draw more automakers to Supercharger network

Tesla CEO Elon Musk says he wants to help rivals with the EV transition. Analysts say charging deals could also turn the Supercharger network into a business opportunity.

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EV battery leader CATL joins BYD, Tesla to tap solar’s boom

CATL said it is researching the development of perovskite cells, among the most promising methods to drive new improvements in solar panel performance.

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Farley: Chinese automakers becoming EV 'powerhouse'

To beat Chinese automakers, Ford CEO Jim Farley says the company needs distinctive branding, which he believes it has, or lower costs.

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Stellantis CEO Tavares' relentlessness reemerges as car dynamics shift

Now that Stellantis is less overwhelmed firefighting its way through supply chain crises, CEO Carlos Tavares is returning to his modus operandi of relentlessly cutting costs and hunting for savings.

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Possible 'massive' Tesla data breach probed by European authorities

The files include tables containing more than 100,000 names of former and current employees, including the social security number of Tesla CEO Elon Musk, along with private email addresses, salaries of employees, bank details and production secrets, Handelsblatt reported.

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Hyundai Motor, LG plan $4.3 billion EV battery plant in Georgia

The plant, to be built adjacent to Hyundai's new EV factory under construction near Savannah, Ga., will have an annual capacity of 30 GWh, enough to power 300,000 electric vehicles.

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Michigan receives $9.6 million U.S. grant for connected vehicle research

The university's Transportation Research Institute will use the money to prepare the city's infrastructure for vehicle technology testing and deployment.

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VinFast recalls all 999 of its first vehicles shipped to the U.S.

The recall comes after the automaker’s first U.S. vehicles garnered a number of bad reviews, with some saying they aren’t ready for deliveries.

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Hyundai, Kia still under legal pressure after settling lawsuit over car thefts

Despite Hyundai and Kia's agreement to a $200 million settlement in a class-action lawsuit, the automakers still face a heap of lawsuits and pressure from influential stakeholders.

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Ree Automotive looks to change EV truck architecture with 4-corner technology

Israeli startup Ree Automotive has an innovative drive-by-wire design that uses electric-powered wheel and steering modules.

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Stellantis invests in lithium-sulfur EV battery startup Lyten

Stellantis is backing Lyten, a Silicon Valley startup that employs 3-D graphene, a "supermaterial," to create smaller, more dense lithium-sulfur EV batteries.

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Aston Martin DB12 luxury grand touring coupe is strong, light and fast

The V-8-powered DB12, now as fast as the discontinued DB11 with a V-12, sports a redesigned suspension system featuring an electrically locking rear differential tied into the car's stability control system that helps the tires maintain grip in corners under hard acceleration.

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Tesla's annual mileage tops EVs but lags gas vehicles, iSeeCars says

Tesla vehicles are driven about 10,000 miles per year on average vs. 6,700 miles for non-Tesla EVs. Tesla usage is closer to combustion vehicles at about 12,700 miles annually.

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GM, Samsung win tax breaks for proposed $3.5B battery plant in Indiana

The project could move forward on the same site where GM had planned to build a fourth U.S. battery plant with previous partner LG.

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Inside Our Next Energy's new metro Detroit battery plants

Our Next Energy is scheduled to ship its first electric vehicle batteries, built on a small assembly line in metro Detroit, to customers this week.

By the end of the year, CEO Mujeeb Ijaz said the Novi-based LFP (lithium iron phosphate) battery startup will launch the first phase of its $1.6 billion plant being built in Van Buren Township.

Around 100 employees are expected to begin work at the plant later this year. At capacity, the plant is projected to run at 20 GWh and produce 200,000 units with 2,112 jobs by 2027.

As construction crews work to form up the footings for concrete at the future factory, the company's first batteries are being produced just down the road at a Piston Automotive plant. ONE tapped the Redford Township-based automotive supplier to contract manufacture its first batch of product on a roughly 18,000-square-foot assembly line.

"We came to really like this relationship because they have a depth and understanding of quality, supply chain management, inventory management," Ijaz said.

Those batteries, whose cells are being imported from China, will be supplied to commercial vehicle customers and serve as the first proof point of ONE's products.

Our Next Energy's value proposition for those batteries — and for the cells and packs it intends to produce at its own plant — is energy density. Specifically, the company wants to pack the most range into batteries with limited cobalt and nickel, which are in finite supply and often come from sources with poor human rights records.

ONE's Aries batteries boast 287 Wh/L and about 300 miles of range, compared with the Tesla Model 3's 232 Wh/L. ONE's goal is to eventually commercialize its Gemini battery, a dual chemistry architecture capable of more than 600 miles of range, Ijaz said.

ONE also sets itself apart as a U.S.-based battery maker in an industry dominated by Asia, said Glenn Stevens, executive director of MICHauto and vice president of mobility initiatives for the Detroit Regional Chamber.

"Our dependence on really three countries — China, Korea and Japan — is really not sustainable for our own supply chain and our own companies that want to design, engineer and manufacture vehicles for the future," Stevens said. "So ONE plays a really key role in developing a domestic supply chain with U.S. innovation."

At its line in the Piston plant, workers stuff proprietary, plasma-treated battery enclosures with battery cells, which are meticulously cleaned before being loaded into sequence. They are then bonded to the packs with epoxy. This process — part of ONE's secret sauce — differs from typical modular battery pack manufacturing.

"The battery enclosure is the heart and soul of our energy density," Ijaz said.

From there, the packs are compressed with end plates before going into busbar welding, the point at which the batteries go from being low voltage to "live." From here, the batteries cannot be disassembled or tampered with, only tested for quality and safety.

The internal battery management system — the brains of the battery — is the only serviceable part of the battery after production.

Ijaz said its battery management systems and trays are made by contract manufacturers in Michigan, but he declined to name his suppliers.

The plan is to bring all of the manufacturing together under one roof in ONE's plant. The long-term vision is to also refine battery materials in Michigan for a truly local supply chain, the CEO said.

"We have not yet built any supply chain for processing raw materials," he said. "ONE plans to work with our partners to build those local supply chains that don't exist yet."

Ijaz said the company remains on track to meet the deadlines and fulfill the promises he made last year to the state, which blessed his battery plant with $237 million of state incentives. Chief among those commitments was to begin producing battery cells at the new Van Buren Township factory by the end of the year.

As planned, the company will make that happen by launching the factory in phases, Ijaz said. The first phase will be a line running at 10 MWh, producing early samples of battery cells and packs. Equipment, sourced from South Korea, will be brought in by July and running by the end of the year, and 100 employees are expected at the plant within that time.

At capacity, the plant is expected to produce at 20 GWh, or 200,000 units per year by 2027. Ijaz said the incremental launch of the plant will allow the company to train workers on the line before production kicks into high gear and let the company distribute samples to its customer base to drum up business.

"We'll have a one-year runway," Ijaz said. "For the purpose of being able to do workforce development, getting our product into validation, getting the experience we need with our suppliers before the rest of the equipment comes to kick off the gigafactory."

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BMW electrifies 5 Series with powerful i5 electric sedan

The i5 will compete against premium battery-electric large cars including the Mercedes EQE. It was unveiled Wednesday alongside a combustion engine sibling, the new 5 Series. U.S. sales begin in October.

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NHTSA to measure pedestrian safety to combat rising fatalities

Updates to NHTSA's assessments would add tests that measure pedestrian protection in collisions and the ability of advanced driver-assistance systems to prevent crashes.

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Israeli startups show autonomous driving, sensors technology at EcoMotion

Automotive and mobility technology startups are flourishing in Israel, gaining investment from automakers and major suppliers.

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Mercedes-Benz shows off 8 new vehicles to dealers; electric CLA and GLC coming to U.S. in 2024

Fresh product and improved supply should lift Mercedes U.S. sales by 5 to 10 percent this year.

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Auto supplier Gentex hit by ransomware attack

Company says it "is aware of the data breach that occurred several months ago, and we have communicated to all affected parties. It's important to note that the breach has not had an impact on our operations."

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Automotive talent war escalates in South Carolina

Volkswagen's planned 4,000-employee Scout Motors factory in Blythewood, S.C., could put the work force squeeze on BMW's nearby crossover plant.

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Federal judge throws out shareholder lawsuit against Elon Musk over Twitter buyout

U.S. District Judge Charles Breyer in San Francisco said plaintiff William Heresniak lacked standing to sue because he challenged "wrongs associated with" Musk's buyout, not the fairness of the buyout itself.

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CarGurus plans to buy rest of CarOffer digital wholesale platform, executive says

The vehicle listings company predicts CarOffer will break even or become profitable by mid-year. CarGurus also is moving ahead with a full acquisition of the wholesale digital trading platform.

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EV charging equity, infrastructure, battery recycling key topics at Forth Roadmap mobility conference

The mobility conference will move to Detroit next year after a decade in Portland.

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Ford expects internal combustion engine volume, profits to grow through 2025

Although electric vehicles are expected to eat into combustion vehicle sales eventually, a top Ford executive projected "strong U.S. ICE and hybrid sales well into the next decade."

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Toyota's ads drive Hispanic loyalty

The automaker began working with a Hispanic advertising agency in 1987 and has been No. 1 among buyers from the fast-growing ethnic group for 19 straight years.

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Ford signs deal with Nemaska Lithium in push to boost EV output

The deal with the Canadian lithium company comes as North American automakers race to secure supplies of battery materials to boost EV output.

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The latest numbers on the microchip shortage: More cuts in every region

About 1.23 million vehicles have been axed worldwide so far this year because of the microchip shortage.

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U.S. consumers want EVs, but cost and range remain issues, survey finds

About half of U.S. consumers who own gas or diesel vehicles are considering a hybrid or electric vehicle and many hope to buy one within the next two years. Affordability and range remain obstacles for many would-be buyers, however.

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CarMax leads new used-vehicle tally

CarMax, formerly the longtime leader of Automotive News' annual ranking of the top 100 U.S. dealership groups by used-vehicle sales volume, moves over to a new list.

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Magna, Department of Energy develop greener manufacturing process for aluminum parts

A new manufacturing process developed by supplier giant Magna International and the Department of Energy's Pacific Northwest National Laboratory could soon make it so new aluminum parts can be made without having to use any new aluminum.

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Vroom's Tom Shortt: Growth had to slow in 2022

Shortt said the company didn't set a target for sales in 2023, instead focusing on buying vehicles, selling them while reducing costs in several areas.

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Bosch crash detection algorithm speeds up safety system deployment without adding more sensors

Bosch's off-zone crash detection system allows for faster deployment of safety systems, such as airbags or seat belt tensioners, in a vehicle when a collision takes place, all without more sensors.

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Police: Former AutoNation staffer took more than $100K from customers, never delivered vehicles

AutoNation Honda Miami Lakes general manager Armando Ibanez said the Florida dealership has been investigating customer complaints related to former finance manager Carlos Ravelo as well, according to police.

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Canada offers more money to Stellantis for EV battery plant

The premier says that Ontario is putting more money on the table, though he wouldn't say how much, in order to protect jobs.

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Toyota ‘investing like crazy' in new EV batteries but no big sea change expected

Toyota's top scientist expects lithium ion battery chemistry to be the mainstay for another 10 to 20 years, even as the automaker invests ‘like crazy' in breakthrough technologies.

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Geely-backed ECARX plans a North American push

Geely-backed automotive tech startup ECARX's sole focus on the auto industry will give it an advantage over its larger competitors, according to its CFO.

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Tekion's big dealership experiment is a big win

Tekion, in an unusual move, purchased two Gilroy, Calif., dealerships in 2020 and used them to test its dealership management system and iron out any kinks. Executives say the plan succeeded beyond expectations.

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Fleet-focused Chevy Silverado EV to debut with 450-mile range

Rory Harvey, GM's incoming North American president, said the 2024 Chevy Silverado EV work truck will have an EPA range of 450 miles on a full charge, up from the 400 miles GM previously estimated.

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EV battery swapping could help solve the U.S. charging problem

Over the past two years, San Francisco startup Ample Inc. has quietly deployed more than a dozen robotic battery-swap stations around the Bay Area and in Europe. On an afternoon in May at an unmarked warehouse, the company previewed its next-generation swapping stations, at which a drained battery can be changed out for a charged one in about five minutes — half the time of its current stations.

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Ford recalls 422,000 vehicles for camera defects

Ford Motor Co. is recalling more than 422,000 Explorer, Lincoln Aviator and Lincoln Corsair vehicles that could fail to display rear and 360-degree camera feeds properly.

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Geely ups Aston Martin stake to 17% as third largest shareholder

Geely can help Aston Martin in the key Chinese market, the UK's automaker's chairman, Lawrence Stroll, said.

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Kia eyes Mexico factory expansion to build EVs, Nuevo León Governor says

The governor of Nuevo León, Mexico, claims Kia will invest $1 billion to upgrade its factory near Monterrey for production of two new EVs.

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VW brand boss plans efficiency drive to boost margins

VW brand chief Thomas Schaefer said the automaker needs to take action to increase efficiency and returns.

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Battery recycler Cirba Solutions plans to expand in preparation for EVs

Cirba Solutions recycles battery materials from automakers and the consumer electronics industry.

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Ineos Grenadier priced from $73,100; U.S. deliveries start in Q4

The base Grenadier SUV will be priced at $73,100 -- just over $10,000 more than its chief rival, the Land Rover Defender 110. Grenadier Trialmaster and Fieldmaster will start at $80,790.

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Ineos Grenadier starts at $71,500; deliveries in Q4

The base Grenadier SUV will be priced at $71,500 -- almost $10,000 more than its chief rival, the Land Rover Defender 110. Grenadier Trialmaster and Fieldmaster will start at $79,190.

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Used-car demand stays strong in spring but headwinds remain

Caution is the word on the used-vehicle side. Though demand was healthy through the 2023 spring selling season, gone is the level it was at in 2021.

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Musk commits to remaining Tesla CEO, touts Cybertruck and artificial intelligence

Musk says CEO post is important to oversee development of artificial intelligence for products such as Full Self-Driving software and Optimus humanoid robot.

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Woman charged with embezzlement from Miss. dealership

Latisha Jones Smith, 50, is also facing of felony embezzlement in Neshoba County, Miss., where Doc's Toyota is now located.

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New EV registrations: GM, Ford, Rivian chip away at Tesla's share

In the first quarter, Chevrolet captured a 7.7 percent EV share, Ford had 5.2 percent and Rivian 2.8 percent as Tesla's dominance slipped from a year earlier to 60 percent of the market, Experian data shows.

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Stellantis to buy one-third stake in fuel cell system maker Symbio

Stellantis will pay $163 million to Faurecia as part of the deal for a share of Symbio, a hydrogen fuel cell joint venture that also includes Michelin.

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Tesla succession planning, demand in focus ahead of shareholder meeting

Investors are set to vote on a shareholder proposal for the company to publish a report on "Key-Person Risk," reflecting concerns that the carmaker relies too heavily on Elon Musk's leadership.

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Ex-Audi CEO Stadler admits role in VW emissions scandal

Stadler's defense lawyer told the court that Stadler did not know that vehicles had been manipulated and buyers had been harmed, but he recognized it was a possibility and accepted that.

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Former FCA boss Sergio Marchionne saved Italy's auto industry, Elkann says

Stellantis, formed from the merger of Fiat Chrysler and PSA Group, is the evolution of Sergio Marchionne's vision to build a global leader strong enough to survive the industry's disruption, John Elkann said.

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Stellantis stops construction of Canada EV battery module plant over federal funds

Stellantis and LG Energy ceased some construction of its planned EV battery factory in Windsor, Ontario, as it continues to spar with the federal government over financial assistance.

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Elon Musk to meet President Macron, other leaders at France conference

Elon Musk will meet Finance Minister Bruno Le Maire to discuss newly announced tax credits for green investments that have been unveiled to rival the U.S. Inflation Reduction Act.

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Leslie Doggett Industries' automotive retail arm expands in Texas

Leslie Doggett Industries has expanded its auto retailing division, Doggett Automotive Group, with the purchase of three dealerships in Texas.

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Ford to cut 1,300 jobs in China, reports say

Ford’s sales in China fell below half a million units for the first time in a decade in 2022.

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Alfa Romeo, Fiat output in Italy slowed by protest over working conditions

Production of Alfa Romeo Tonales and Fiat Panda models has been hit by a protest at the Pomigliano plant in Italy over unsanitary toilets, a lack of work gear and insufficient heating.

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The latest numbers on the microchip shortage: Europe hit hardest

Tens of thousands of vehicles continue to be cut each week because of the semiconductor shortage, even as microchip capacity improves.

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Survey: Most dealerships have no EVs and some don't want any

Two-thirds of dealerships said they didn't have any EVs in stock. Of those stores, 45 percent said they wouldn't sell EVs even if they could get some.

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Automotive tech billionaire Austin Russell acquires majority stake in Forbes magazine

Russell, the 28-year-old CEO of Luminar Technologies, plans to serve as a visionary for Forbes brand and won’t be involved in day-to-day operations.

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Energy Department plans $362 million loan for EV wiring startup CelLink

The Department of Energy on Friday said it plans to loan $362 million to help California wiring components startup CelLink open a new factory in Texas, where it plans to build advanced wiring harnesses for EVs.

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Linda Yaccarino is ‘officially’ Elon Musk's next Twitter CEO

On Friday, a person with direct knowledge of the arrangement confirmed Yaccarino would lead Twitter.

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VW explores plug-in hybrid for U.S. as EV transition unfolds

Volkswagen Group of America's CEO says the company is looking hard at adding a plug-in hybrid to the VW lineup as interim step to a full EV lineup. Such a move would borrow technology from Audi.

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UAW strike at battery supplier to GM, Ford goes to court in 5th day

Clarios is hoping a court injunction will help clear the plant entrance and ultimately resume production at a battery plant in Holland, Ohio, where UAW workers have been on strike since Monday. The case was scheduled to be heard this morning.

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Tesla recalls 1.1 million EVs over braking defect

The automaker will deploy an over-the-air software fix to more than 1.1 million vehicles produced in Shanghai from January 2019 to April this year, plus some models imported into China.

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More than 2M Toyota users face risk of vehicle data leak in Japan

Toyota said the vehicle data was left publicly available in Japan for about a decade from November 2013 to mid-April of this year.

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Polestar delays launch of electric crossover — again

Polestar 3 U.S. customer deliveries now expected to begin in Q2 next year.

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Ranger Raptor embodies Ford strategy of high-margin, low-cost variants

The 2024 Ranger Raptor, which expands Ford's line of high-performance off-roaders into the midsize pickup segment, costs 67 percent more than the truck's base model but shares most of the same parts.

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U.S. Steel forges ahead on greener, lighter steel as aluminum competition heats up

U.S. Steel Corp. is spending billions of dollars to ramp up production of greener, high-strength steel as the company looks to withstand the rise of aluminum and maintain business in a changing auto industry.

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Nissan sees North America leading global sales surge after profits rise 52%

Nissan CEO Makoto Uchida forecasts a robust rebound in global sales, as Nissan reports a 52 percent increase in operating profit in the just-ended fiscal year.

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Honda sees full-year profit rising 19% this fiscal year after operating income slipped 3.7% last year

Honda forecasts full-year operating profit rising to $7.40 billion as the automaker benefits from a strengthening supply chain.

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Two people dead in Mercedes factory shooting in Germany

The shooting took place in Sindelfingen, where Mercedes builds the S-Class and EQS flagship cars.

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Subaru plans 4 crossover EVs, 400,000 output in dramatic ramp up

Subaru plans a four EV lineup by the end of 2026 and will add capacity to build 400,000 full-electric cars in Japan from around 2028. Operating profits nearly tripled in the company’s fiscal year ended March 31.

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Vroom reports $75M net loss, shrunken revenue in Q1

The retailer expects its gross profit per vehicle to improve in the second half of the year as it sells a higher mix of newer inventory, CEO Tom Shortt said.

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Nikola pivots toward hydrogen for North American market

Amid its pivot, Nikola is losing upward of $150 million per quarter and holds about $150 million in cash and receivables on its balance sheet.

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Alpine A290 Beta concept redefines hot hatch for EV era

Renault's Alpine brand unveiled the A290 Beta electric hatchback based on the coming Renault 5, as it expands its lineup and aims at U.S. launch.

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NADA Data: 2022 new-car inventory up; vehicle sales per dealership down

Franchise dealerships' total payroll in 2022 was up from 2021, but the average number of new and used vehicles sold per employee fell.

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VW annual meeting rocked by protests on China record

VW's Xinjiang plant in China has become a focus for human rights activists and a few shareholders, with some protestors claiming that the automaker's vehicles were built with forced labor.

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Toyota forecasts record production, sales and profit this FY

Toyota’s outlook, outlined as CEO Koji Sato announced quarterly financial results, underscores its financial strength even as it races to play catch up on EVs and cope with an influx of aggressive new rivals from the likes of Silicon Valley and China.

 

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Toyota forecasts record production, sales and profit this FY

Toyota CEO Koji Sato forecasts record production and sales levels this fiscal year as the automaker plows ahead with expansion and healthy finances.

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TrueCar used-car valuation tool launches as Q1 revenue drops, losses rise

TrueCar Wholesale Solutions is designed to help the company make the most of strong used-car demand.

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Carvana gifts AI-generated video histories to car-owning customers

Each “Joyride” video relates the unique origin story of how an owner “met” their car.

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Ford, Stellantis and GM car dealerships sell in Iowa and Arizona

Stores in Iowa and Winslow, Ariz., a town immortalized by the Eagles hit "Take It Easy," sell in 2022 deals.

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Iveco to fully own venture with Nikola on electric, hydrogen trucks

As part of the agreement, Iveco will focus on Europe for its own battery electric and fuel cell trucks, while Nikola will concentrate its operations in North America.

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Rebounding Mitsubishi expects North American profitability to surge

Rebounding Mitsubishi Motors expects North America to emerge at the Japanese carmaker's top profit center and second-biggest global market in the current fiscal year as it reins in incentive spending and gets traction from the Outlander PHEV crossover.

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Fisker's debut SUV delayed by lingering software problems, report says

Fisker has already delivered its first European-built Ocean SUV in Denmark, but the car has been returned as unusable, Bloomberg reported.

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VW Credit names new CEO in exec shuffle

Ernst Jan van Eijkelenburg will become CEO of VW Credit, the German automaker's captive finance arm, effective June 1, succeeding Jens Effenberger, who is returning to a position in Germany.

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Bentley production chief to lead Volkswagen's software overhaul

Sources said Volkswagen will announce the removal of leadership at its troubled software arm Cariad and the appointment of Bentley production chief Peter Bosch to take the unit's helm.

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GMC ups Canyon's off-road chops in pursuit of midsize truck share

GM's premium truck brand has been steadily increasing the Canyon's off-road performance, with the top-end AT4X version arriving this spring.

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For first time, VW names a design chief dedicated to the Americas

Jose Carlos "JC" Pavone has been named head of design for VW of America, giving him design responsibilities over North and South America. The native of Brazil has been with VW since 2002.

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Rivian Q1 earnings to reflect factory downtime

Rivian delivered fewer vehicles in the January-March period than in the previous quarter as it upgraded its commercial van line. That will weigh on Tuesday's earnings report.

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Audi changes what, how it builds to drive out CO2

As it switches from ICE to BEV by 2033, Audi is also changing the way its assembly plants produce vehicles, concentrating on making those plants — and ultimately the rest of its operations — carbon neutral.

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The latest numbers on the microchip shortage: Cuts continue but output improves

Assembly plant output is improving as microchip supply rebounds and automakers learn how to better manage the semiconductor shortage.

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NYC battles Hyundai, Kia thefts with AirTags

The Apple tracking devices wouldn't make stealing a vehicle more difficult but could lead police to it afterward.

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Outgoing Dodge models buck Stellantis sales slump

Vehicles being killed off, such as the Dodge Charger and Challenger, are seeing strong demand as buyers get off the fence before it's too late.

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VW to fire top executives at software unit Cariad, report says

The software unit has exceeded its budget, failed to meet goals and delayed new Porsche and Audi electric cars.

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Bosch to revamp mobility unit with goal of $88B in revenue by 2030

The new Bosch Mobility unit will focus on software as a growth driver. Current mobility chairman Markus Heyn will lead it.

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Hydrogen is key to Nikola's rebrand. It needs more cash

Nikola is investing in hydrogen vehicles and fueling stations, but it's facing a cash crunch.

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Magna Q1 net income falls 43%, but 2023 outlook improves

Inflationary pressures took a bite out of Magna's first-quarter earnings, but the company said there were signs of improvement for later in the year.

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Auto industry evolution inspires new direction at seating supplier Adient

It's no longer about growing market share at all costs, or winning every contract no matter the value proposition, Adient CEO Doug Del Grosso says.

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NHTSA opens probe into fatal fire in 2009 Dodge Journey

A possible electrical issue in 2009 Dodge Journey may have resulted in the death of a woman who became trapped in her vehicle while it burned in December.

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Lyft concerns Wall Street with margin sacrifice in race with Uber

Lyft gave a disappointing adjusted core earnings forecast for the second quarter on Thursday as efforts to add more riders with price cuts take a toll on profitability.

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BMW issues 'do not drive' order for 90,000 aging vehicles over defective Takata airbags

The “do not drive” alert in North America follows similar orders from Honda Motor Co., Ford Motor Co. and others about the Takata airbags, which can explode if they are deployed after long-term exposure to high heat and humidity.

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In California, the specter of self-driving trucks brings a backlash

California, the birthplace and epicenter of the self-driving industry, could soon put the brakes on autonomous trucking.

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Aptiv doubles Q1 net income amid price hikes

The automotive technology company said first-quarter net income doubled to $146 million while revenue grew 15 percent to $4.8 billion.

 

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Ferrari's Q1 earnings rose 27% on higher sales, strong pricing

Ferrari's profit margin grew to 37.6 percent as it raised prices for its wealthy customers who are less affected by soaring inflation and higher interest rates.

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Waymo doubles down in Phoenix area, expands San Francisco efforts

Waymo's expansions of service in metro Phoenix and San Francisco serve as a prelude to a massive expected expansion over the next year.

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BMW's car business gets Q1 earnings boost from price hikes

BMW expects slight growth in Europe, robust sales in the U.S., and a stabilizing economy in China.

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Volvo axes 1,300 jobs as it steps up cost cuts

Volvo said it needs to reduce costs amid economic headwinds, higher raw material prices and increased competition.

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VW boosts Q1 revenue as U.S., Europe offset China slide

VW expects higher competition as supply chain bottlenecks ease and China's electric car market heats up but the company says it puts margins over volume even as it fights to maintain market share.

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Morgan Automotive Group buys 4 dealerships in Florida, including its first in Miami

Morgan Automotive followed its acquisitive 2022 by adding 4 dealerships so far this year and has entered the Miami market.

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Ford E-Transit extended-range model can go almost 50% further

The electric van will be able to travel up to 186 miles on a single charge, up from 126 miles today. Ford plans a formal announcement May 11.

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Kia will push EV leasing to reap tax credit boon

Kia will lean more aggressively into the Inflation Reduction Act provision that extends a $7,500 federal EV incentive to leasing customers.

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Carvana Q1 earnings preview: Retailer expects smaller adjusted loss than year ago

The company expects its used-vehicle volume to land between 76,000 and 79,000 vehicles in the three months ending March 31, down about a quarter from a year earlier, according to a preliminary estimate it provided in a March 22 regulatory filing.

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Porsche will raise prices to combat higher costs

The company is still seeing issues with the supply of semiconductors and parts for the electric Taycan's high voltage heating system, Chief Financial Officer Lutz Meschke said.

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Stellantis revenues rise 14% in Q1 on higher prices, better chip supply

Stellantis had "robust shipments and revenues" in the first quarter, CFO Richard Palmer said.

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Honda surges; Toyota edges up; Hyundai, Kia post double-digit gains

Analysts estimate the overall U.S. new light-vehicle market expanded up to 5.7 percent in April, with fleet driving most of the gain, as inventories continue to recover.

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Toyota investment fund, Nvidia among backers of Israeli software startup

Foretellix plans to use the funding to expand its product portfolio, expand to new countries and work with Toyota and Nvidia on Level 4 vehicle automation.

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Chevy expects under-$25,000 Trax to become one of brand's top sellers

Chevy plans a marketing push starting in June targeting buyers of the previous-generation Trax as well as owners of the defunct Cruze and Sonic sedans.

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Mercedes taps F1 team to keep up with Tesla in race for efficient EVs

Mercedes' F1 team is working on new projects developing parts for mass-market EVs, that include batteries, inverters and new generations of motors.

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Credit Acceptance net income drops 54% in Q1, but loan volume up

Credit Acceptance Corp. took on 89,821 auto loans from car dealerships during the first quarter of 2023, up 23 percent from a year earlier.

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Tesla hikes Model 3, Model Y prices after multiple cuts this year

Tesla added $250 to the Model 3 sedan and Model Y crossover in the U.S. The move comes after CEO Elon Musk defended multiple price cuts earlier this year to spur demand.

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Hyundai, Kia rack up double-digit U.S. sales gains in April

Analysts estimate the overall U.S. new light-vehicle market expanded up to 5.7 percent in April, with fleet driving most of the gain, as inventories continue to recover.

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GM cuts several hundred full-time contract workers

General Motors Co said it had cut several hundred full-time contract workers over the weekend including at its engineering hub in suburban Detroit, the latest effort by the automaker to streamline operations.

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Lordstown Motors warns of bankruptcy as Foxconn deal unravels

The EV startup said its deal with Foxconn could unravel after the large Taiwanese company threatened to withhold funding, something that could force Lordstown into insolvency.

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Ford's Kentucky Truck Plant road-tests a new quality strategy

Halting the assembly line rather than building trucks and fixing them later was just one element of a new approach to attacking quality problems that Ford is road-testing with the launch of the redesigned Super Duty trucks.

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GMC adds off-road muscle to 2024 Sierra HD with AT4X trim

GMC also teamed up with American Expedition Vehicles on a Sierra HD AT4X AEV edition.

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Mercedes CEO says cutting ties with China is 'unthinkable'

Decoupling from China, the world's second largest economy, is "unthinkable for almost all of German industry," Mercedes CEO Ola Kallenius said.

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