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Alex Casebeer Alex Casebeer 40 under 40 Capitol Auto Group Capitol Subaru's Alex Casebeer is one of Automotive News' 40 Under 40. This annual program honors 40 new…

Aurora said the company reached this milestone earlier than expected because it was ahead of schedule for security research. That's partly the result of its virtual test suite, an internal simulation tool that checks out new features…

He pointed out that emissions from logistics are actually greater than what Toyota emits from production plants. “We can reduce the volume of transport needed, by reducing the size of packaging and optimizing routes,” he added. " There is…

Despite 1,45,860 deliveries by Porsche, the brand suffered a decline of 5% compared to the previous year. By : HT automatic office | Updated: Jul 16, 2022, 1:57 PM The top-selling model in the first half was the…

Combined sales of the BMW and Mini brands in China fell 28% to 170,220 in the second quarter, due to the negative impact of pandemic-triggered lockdown measures. In the first half of the year, BMW Group delivered 378,727 BMW and Mini…

Hyundai is currently expanding its all-electric range to include the Ioniq 6, which will debut in Europe in the second half of the year, and the Ioniq 7, which is expected to hit the market in 2024. In May, Hyundai Motor Group, which…

At this point, automatic recovery looks more likely to occur in 2024 absent a deep recession, he said, adding that he forecast a "mild" global economic slowdown for now. While the global car market could rebound to its pre-pandemic level…

Autonomous technology company Argo AI said it laid off about 150 employees on Thursday. In a written statement, an Argo spokesperson said the layoffs were part of "cautious adjustments to our business plan" as the company plans for future…

Ford Motor Co. US light vehicle sales rose 1.8% in the second quarter, driven by improved inventory and continued strong demand for the company's new products. The automaker's quarterly gains were largely attributable to its show in…

There's a lot to be done about advanced driver assistance technology to reduce road fatalities. The global market is expected to reach $60 billion by 2026. Although this is a concentrated area of ​​development for many automakers, only…

Supercar manufacturers such as Ferrari have found it harder to reduce CO2 emissions by switching to electrified vehicles due to the disproportionate effect of battery weight and customer reluctance to give up the characteristic noise of V…

A lawsuit alleging CDK Global Inc. omitted crucial information related to its pending sale to investment firm Brookfield Business Partners was voluntarily dismissed, but six other federal lawsuits alleging similar behavior against the…

The finance company Goeasy Ltd. buys a minority stake in online used car retailer Canada Drives, as the venture lender seeks to increase its stake in the Canadian auto finance market. Goeasy announced the $40 million equity investment,…

Solis Yanmar has become the first tractor export brand to Turkey from India. By : HT automatic office | Updated: 26 June 2022, 15:17 market share in 12 European countries." title="Solis Yanmar has a leading market…

BRUSSELS – Italy, Portugal, Slovakia, Bulgaria and Romania want to delay by five years a European Union plan to effectively ban the sale of new petrol and diesel cars from 2035, a document says consulted by Reuters. The policy is a key…

Ford does not intend to replace Focus production at its vehicle assembly plant in Saarlouis, Germany, in 2025. Instead, the US company will seek "alternative opportunities" for the plant, including selling it to another automaker, said…

In the past fiscal year, 31 automotive component companies with cumulative revenues of more than ₹1.75,000 crore had seen a 23% year-on-year revenue growth. By : PTI | Updated: June 20, 2022, 7:15 PM File photo…

TrueCar CEO Mike Darrow said the company hopes to expand its TrueCar+ digital sales tool to other markets by the third quarter, with used vehicles likely growing faster than new vehicles.darrow said Automotive News Friday that the goal is…

Sony Honda Mobility, which will be based in Tokyo, will combine Honda's expertise in vehicle engineering and manufacturing, as well as its after-sales service competence, with Sony's strengths in imaging, sensing, telecommunications and…

Striking truckers in South Korea have reached a deal with the government, ending a week-long strike that has increased pressure on global supply chains. Truckers will return to work immediately after agreeing to extend a freight rate…

The special edition gets a red-white-blue styling treatment from Porsche Exclusive Manufaktur, the automaker's automotive customization unit. Its Azure Blue 356 exterior color is inspired by the 1953 356 America Roadster.The…

Cox surveyed 591 franchisees and 555 independent dealers from January 24 to February 7 for the first quarter index and 568 franchisees and 531 independents from April 25 to May 9 for the second quarter study. In addition to asking dealers…

Swedish automaker Polestar Cars will showcase what it says is its best-selling vehicle in the United States to date. The Volvo subsidiary will bring the Polestar 3, a crossover the size of a Porsche Cayenne, to the United States in the…

AUTO CENTRAL CHICAGO - Jun 5, 2022; Every Sunday, Larry Nutson, The Chicago Car Guy and Auto Channel Executive Producer, with the able assistance of Editor-in-Chief Thom Cannell of the Auto Channel Michigan office, compiles Auto Channel's…

The praise from UAW leaders stands in stark contrast to their tone just over a year ago, when the union lambasted Ford for moving planned production of two upcoming electric crossovers from Ohio Assembly to Mexico. Gerald Kariem, head of…

WASHINGTON — Eight automakers have improved their electric vehicle emergency response guides and incorporated vehicle-specific details on extinguishing lithium-ion battery fires, following a recommendation last year by a federal agency of…

Uprooted trees, air conditioning units falling from buildings and general rumble of traffic made the sudden change in weather a not-so-welcome change for many in Delhi. By : HT automatic office | Updated: May 30, 2022, 8:19…

Electric Last Mile Solutions Inc. warned friday it could run out of cash in June, at least a month earlier than expected, unless it can raise additional capital. The latest projections reflect higher costs in a number of areas,…

BMW's $1 billion Mexican assembly plant could become the automaker's first dedicated electric vehicle production center. A source familiar with BMW's product plans says the automaker is set to start manufacturing the next-generation 3…

The JV battery plant is expected to be built near Stellantis' engine, casting and transmission plants in Kokomo, Indiana, the sources said, declining to be named as the announcement is not yet public. . In October, Stellantis announced…

SAVANNAH, Ga. (AP) — A year after the state of Georgia and local government partners spent $61 million to purchase a vast tract of land for future industrial development, Gov. Brian Kemp planned to visit the site on Friday for what…

The chip shortage that is holding automakers back is lasting longer than expected and is forcing some buyers to wait 18 months for some in-demand models. Volkswagen Group CEO Herbert Diess said last week that the company is completely…

The company has been hit harder by chip shortages than competitors, in part because of the complexity of its designs, Bolloré told investors in an earnings call Thursday. “We are definitely losing market share,” he said. "But the impact…

The deal between McLaren and Mercedes is expected to close later this year. By : HT automatic office | Updated: May 14, 2022, 5:29 p.m. File photo used for representation purposes only. (Reuters) McLaren!--StoryGalleryPopup-->…

Carvana Co.'s revelation on Tuesday that it laid off 2,500 employees sparked a flurry of backlash in the stock market and among social media users who said they were employees included in the layoffs.On Twitter and Reddit, several people…

Canoo Inc.. has accused its second largest shareholder of wrongfully profiting from recent stock sales and is trying, in a lawsuit, to recoup those profits. The EV startup says DD Global Holdings Ltd., a Cayman Islands company, should…

By Stacy M. Brown, NNPA Newswire Senior National Correspondent If there ever was a perfect marriage between a corporate sponsor and one of golf's alphabet soup organizations, the Wells Fargo Championships at TPC Potomac…

They could also win hundreds of millions of dollars in prize money. Around 47.5% of F1's profits make up the prize money, which is then split into two categories: half goes to F1 and its shareholders; half goes to the teams, who…

United States Sales at Toyota Motor Corp., hyundai and KIA fell double digits in April from a year earlier when industry volume soared as shortages of key parts and stalled supply lines continue to undermine production and shipments…

BERLIN — German automakers and suppliers have said they are preparing for the possibility that Russia will cut gas supplies following the conflict in Ukraine.Gazprom, Russia's major state-owned energy company, last week fired a warning…

Lucide Group Inc.. said it would sell up to 100,000 electric vehicles to the Kingdom of Saudi Arabia over the next decade, ranking among the biggest purchases of plug-in models ever. The automaker has reached an agreement with the Saudi…

Twitter wants to know about any active investigation by regulators of Musk, including by the U.S. Securities and Exchange Commission, that poses a risk to the deal going through, one of the sources said. Securities lawyers say Musk, who…

Ford will launch its F-150 Lightning electric pickup on April 26. By : HT automatic office | Updated: 23 April 2022, 12:35 electric pickup truck. (Ford)" title="File photo of the Ford F-150 Lightning electric pickup…

A Kia dealership in Maryland may owe customers more than $1 million in refunds after settling allegations that it charged fees and shipping charges on top of the vehicle's advertised price.Koons Kia, based in Owings Mills, Md., has not…

Canadian supplier Magna International Inc. and South Korean LG Electronics Inc. today opened a plant in Mexico that will supply parts for General Motors electric vehicles, the companies announced today. LG Magna e-Powertrain, the 2021…

Investors took particular aim at Musk's comments at a TED event last week in Vancouver. He said "I was forced to concede to the SEC illegally" and settle the agency's lawsuit over the 2018 "Secure Funding" tweet. Shareholders say August…

According to the ministry's proposals, the subsidy of up to 4,500 euros ($4,874) for a plug-in hybrid would be scrapped and the subsidy for electric cars would fall to 4,000 euros next year, from 6,000 euros currently. and would fall to…

Once the agreement is concluded, the software engineering environments of the two teams will be merged into a single unit. Founded in 2016, Five operates from six locations in the UK and has approximately 140 employees. With expertise in…

Organizations will also implement the internship program to help promote career opportunities at franchised dealerships, such as positions in sales, service, finance and insurance, digital marketing or parts. Internship candidates will be…

A Toyota dealership employee in northern Illinois died Thursday night after being shot in the store's parking lot, local police said. Loves Park, Illinois police say Anderson Toyota employee Daniel R. Johnson, 29, was shot and "evidence…

The CX-60 entered production at Mazda's No. 2 plant in Hofu, western Japan, last month. Deliveries to Europe will begin this summer and to Japan in the fall. The crossover will sport a range of engines, starting with a plug-in hybrid…

Sono, founded in 2016 in Munich, is developing a fully electric vehicle with solar cells integrated into the bodywork, increasing the car's range by an average of 112 kilometers (70 miles) per week beyond the 305 kilometer range of its…

Toyota said it shared the UK's ambition to move towards zero emissions, but declined to comment on government mandates as it did not see draft rules being prepared by the Department for Transport . "We continue to see a role for many…

The pressure inside the gloves can be about 4 pounds per square inch, enough to occasionally knock out astronauts' fingernails, said Ron Diftler, a former project manager at the Johnson Space Center in Houston.“The person wearing the…

WASHINGTON — Major U.S. and foreign automakers backed the U.S. Environmental Protection Agency's new, tougher vehicle on Wednesday emission regulations in a legal challenge brought by some states and ethanol groups. Texas and 15 other…

Tesla Inc. will seek investor approval to increase its number of shares to allow for a stock split in the form of a dividend, the electric carmaker said on Monday, sending its shares soaring more than 5% on Monday. market opening. The…

DETROIT — Tim Edmunds, a former UAW official at Local 412 in Warren, Mich., pleaded guilty on Friday to embezzling $2.2 million in union funds and laundering money . He could face up to nearly five years in prison, according to the U.S.…

You're here. faces opposition from community and environmental groups over its plan to throw a party for 15,000 people to celebrate the opening of its plant in Austin. The company intends to offer tours of the 8 million square foot…

WASHINGTON — General Motors is recalling nearly 740,600 U.S. vehicles for bright headlight glare that can dazzle or distract other drivers, increasing the risk of a crash. The recall covers certain 2010-17 GMC Terrain compact crossovers…

Owners of a Honda dealership engaged in "unfair commercial extortion", fraudulently misrepresented ownership of property and wrongfully delayed construction of the store for more than two years, the Massachusetts Supreme Court has…

In Changchun, an industrial hub in northeast China, all automakers, including the Volkswagen Group and Toyota Motor Corp., are required to halt production for at least four days this week. In Shanghai, China's largest city, VW Group and…

Drivers of electric vehicles will be able to get more than a caffeine load at select Starbucks locations this year. Volvo Car United States said on Tuesday that it would be collaboration with Starbucks in a pilot project to add…

"You take a look and say, 'OK, what's a nice SUV you have the freedom to plug in whenever you want, or to use gasoline?'” Herod said Automotive News After the meeting. "And I think consumers, you know, may want to switch to an electric…

EV manufacturer Rivian has hired a senior executive from a major auto supplier as its next chief operating officer, according to people familiar with the matter, in a bid to get its struggling manufacturing operations back on track.…

Stellantis' current light commercial vehicle operations are led by Xavier Peugeot, who serves as Senior Vice President, Commercial Vehicles Business Unit. Tavares created a separate business unit for light commercial vehicles at the head…

"Being able to expand our automotive footprint in the great state of Iowa is extremely exciting for our organization," Teddy Morse, CEO of Ed Morse Automotive, said in a statement. "We look forward to making significant capital…

American demand for bigger and taller crossovers and SUVs gave automakers a ray of sunshine amid an otherwise dismal February sales month. The industry-wide inventory crisis caused by the continued shortage of semiconductor chips…

Adam Chamberlain, Aston Martin's new president for the Americas, hasn't been seen much in the office since joining the British luxury carmaker just over 100 days ago. Chamberlain, 48, left his job in November at Mercedes-Benz USA, where he…

INCLINE VILLAGE, Nevada--(BUSINESS WIRE)--Kerrigan Advisors, the leading sell-side advisor and opinion partner to auto dealers nationwide, represented Earnhardt Auto Centers, based in Phoenix, Arizona, in connection with the sale…

Online used-vehicle retailer Vroom's net loss widened to nearly $130 million in the fourth quarter, but the company posted big revenue gains and said it sold a record number of vehicles via e-commerce. Vroom reported total revenue of…

After weeks of strong increases, the pace of global vehicle production cuts resulting from the microchip shortage has slowed from the previous week, according to the latest estimate from AutoForecast Solutions. AFS said around 577,900…

“We absolutely see SG&A (sales, general and administrative) synergies between the two businesses, so the combined business will be smaller than the two as they are today – but how, what combination of those? , it's too soon," Davis…

Electric vehicle start-up Faraday Future confirmed on Wednesday that its battery-powered FF 91 luxury crossover is still on schedule to begin production in the third quarter of this year, despite a management shakeup earlier this month.…

Takuya Tsumura will take the helm of Honda Cars India Ltd (HCIL) as Chairman and Chief Executive Officer from April 1, 2022 replacing Gaku Nakanishi as his four-year tenure draws to a close. Takuya Tsumura takes over as Chairman and CEO of…

Superpedestrian designs and builds its Link electric scooters for shared use in 59 cities in 10 countries in the United States, Europe and Turkey. There are 35,000 Link scooters worldwide. The company designs and engineers the vehicles…

Italy will provide hundreds of millions of euros in support for a battery factory in southern Italy planned by Stellantis, the government's industry minister has said. "We are convinced that Stellantis must continue to engage in Italy and…

NEWYou can now listen to Fox News articles! The Kia Stinger floats like a butterfly and stings like a… four-door luxury performance car. The 2022 Kia Stinger starts at $37,365 (Kia)The midsize model that…

General Motors' new CarBravo platform allows dealers to sell Certified Pre-Owned vehicles of any brand online, but it also replaces GM's traditional Certified Pre-Owned program for stores that choose to use it. Other automakers are likely…

Over the past two years, consumers have begun to arrive at dealerships knowing exactly what type of vehicle they want, and not just out of boredom or curiosity, said Tom Castriota, owner of Castriota Chevrolet in Hudson, Fla. He expects…

You're hereA surge in sales in recent months has made the EV maker a safe bet to overtake BMW become the leader in the luxury segment in 2021. But according to recently released U.S. vehicle registration data from Experian, BMW managed…

TOKYO — Nissan Motor Co.'s operating profit nearly doubled in the last quarter as cost control, better pricing power and lower incentives supported results despite the ongoing semiconductor crisis , prompting the automaker to raise its…

Ford executives last week said they were focused on scaling the E-Transit van and F-150 Lightning that will launch this spring, as well as improving margins on the Mustang. Chewed up. "Our BEV margins are not where we intend them to be,"…

VIENNA--(BUSINESS WIRE)--TTTech Auto, a Vienna-based technology leader in automotive safety software, raised $285 million (€250 million) from Aptiv PLC (NYSE: APTV) and Audi in its last round of funding. Aptiv is investing $228…

Envision Motors, of West Covina, Calif., acquired the California Honda and Toyota dealerships in December, marking the group's third Toyota store and the first Honda outlet. The growing auto group bought Piercey Honda and Piercey Toyota in…

"Musk's reputation for making splashy announcements may have raised expectations a bit high for Teslaphiles, who are likely a little disappointed with the company's short product roadmap," said Jessica Caldwell, chief executive.…

BERLIN — Tesla CEO Elon Musk said the automaker has halted work on a compact electric car for the time being, which previous reports said was being developed for the European market. "We're not currently working on a $25,000 car," Musk…

"We're definitely going to see a bump, and I think we've definitely brought in a product that I think will justify that higher volume," said Joe Moses, general manager of vehicle, truck and SUV marketing and communications. of Toyota North…

WASHINGTON - The White House plans to host the CEOs of major U.S. companies - including GM's Mary Barra and Ford's Jim Farley - on Wednesday to discuss its $1.75 trillion Build Back Better legislation, officials told Reuters . “We have an…

BERLIN — Continental has decided not to manufacture its own semiconductors, despite the global shortage of microchips. “We looked into the matter, but decided not to do so,” said Continental technical director Gilles Mabire, quoted by…

Jaguar suffered towards the end of the year as JLR prioritized limited semiconductors for its best-selling Land Rover models, including the new Defender. Sales of the Jaguar and Land Rover brands fell 38% to 80,216 in the quarter,…

When Aston Martin prepared for its stock market debut in 2018, it sought to entice investors with scarcity value. There were few publicly listed luxury car makers to invest in, and Aston at least had a chance of replicating the success of…

WOKING, England — McLaren have held talks with the Volkswagen Group, whose Audi and Porsche brands are linked to future Formula 1, but nothing has been agreed, according to team boss Zak Brown. german newspaper Frankfurter Allgemeine…

Two merchants were named members of the Order of Canada. Vaughn Wyant and Ralph Chiodo were among 135 appointments announced Dec. 29 by Governor General Mary Simon. Wyant was selected "for his contributions as a business leader in Western…

Graham reported an increase in revenue and dealer revenue, revealing automotive operating profit was $4.5 million for the third quarter and $8.8 million for the first nine months of 2021. Third-quarter automotive revenue rose 10% to $84.7…

South Korean battery maker LG Energy Solution (LGES) plans to form a battery joint venture (JV) with Japan's Honda Motor Co Ltd in the United States, South Korean newspaper Maeil Business said on Friday, citing a unnamed industry source.…

For example, it costs $400 a month to buy a vehicle, but the dealership tells the consumer it's $500, according to Daly. Such inflation could stem either from a shadow interest rate or from the cost of products added to the transaction…

Light trucks - crossovers, SUVs and pickup trucks - were really what was needed in the late 1990s and early 2000s. Honda Motor Co., which gained ground in the 1970s with small cars, had gradually expanded its range with crossovers and…

PARIS - Citroën, Peugeot and Opel will only sell fully electric versions of their compact and mid-size vans in Europe, dropping high-emission internal combustion versions from January. The decision was made to ensure the…

Concerns about range anxiety have been well documented among prospective electric vehicle owners. Case of over-range? These are harder to find. On the way home from a road trip designed to test the range limits of a prototype battery,…

BERLIN - IG Metall, the dominant metalworkers union in Germany, wants to represent as many employees as possible at Tesla's new plant near Berlin. The union has opened an office "very close" to the Gruenheide plant, said Birgit Dietze,…

Automotive design is transforming as it advances, with changes primarily driven by ACES - autonomous, connected, electric and shared vehicles. Design is driven by customer needs and powered by technology. Growing concern about climate…

SOUTH TUCSON, Ariz. (KGUN) - The trade in used auto parts has accelerated since the start of the pandemic.More and more people are looking for parts to run their cars, as COVID supply chain issues drive up prices for new and used…

With Gasgoo Daily, we will provide important automotive news in China on a daily basis. For those we have flagged, the article title will include a hyperlink, which will provide detailed information.Pony.ai works with the Nansha…

The brain of the car Aptiv has two main lines of business: one focused on hardware and electronics, the other on software. The first is something like the nervous system in the car - wires that carry energy and signals through the…

A southwest Washington business that sells aftermarket auto parts and accessories and has a location in Kelso was acquired by a New York-based company this month.Cost Less Auto Parts and its subsidiary Automotive Products are now managed…

General Motors and Waymo are the last companies to cancel CES schemes on COVID-19 concerns. GM CEO Mary Barra was scheduled to speak at the Jan. 5 annual conference, where the company reportedly showed his Silverado electric…

SUNNYVALE - Two 20-year-old men have been arrested and a third suspect is wanted for more than two dozen car break-ins in the Bay Area, authorities said. At approximately 8:25 p.m. on Monday, officers attended a parking lot in Block 100 of…

The unusually high drawdown comes after Musk exercised nearly 15 million options and sold millions of shares to cover taxes related to those transactions. This followed a Twitter poll last month when it asked its followers whether it…

A 2020 Toyota RAV4 Hybrid on display at the 2020 Pittsburgh International Auto Show on Thursday, February 13, 2020 in Pittsburgh. (AP Photo / Gene J. Puskar) (iSeeCars) - The microchip!-->…

FRANKFURT - China is pressuring Continental to stop using components made in Lithuania, two people familiar with the matter told Reuters, amid a dispute between Beijing and the Baltic state over the status of Taiwan. The Chinese…

Don Hudler, who was instrumental in starting Saturn Corp. and touted the General Motors division as "another kind of automaker," then went on to become one of the main Saturn dealers as a postscript to his 42-year career with GM, died…

Hyundai is launching its first electric vehicle on a dedicated platform - the Ioniq 5 compact crossover - with aggressive pricing to match its ambitious styling. The first batch will go on sale in the United States at the end of…

TOKYO - Former Nissan chairman Carlos Ghosn, the former electric vehicle pioneer who jumped into the tech with overly optimistic expectations a decade ago, has said the time has finally come to jump into electric vehicles, when he calls…

DETROIT - Ford Motor Co. is delaying the start of production of the battery-electric versions of the Explorer and Lincoln Aviator crossovers by about 18 months and no longer plans to build them in Cuautitlan, Mexico, paving the way for a…

When discussing with potential customers, “the question is, 'How quickly can we get the vehicles to operate autonomously,'” Araujo said. "We're looking to close deals for active systems to work in…

Asbury Automotive Group Inc. added eight dealerships in the Denver area and $ 715 million in annual revenue by completing the purchase of Stevinson Automotive. The nation's sixth-largest new vehicle retailer said it spent around $ 300…

Before the challenges of DARPA boosted the entire autonomous vehicle industry, Robotic Research was developing AVs for the US military. Founded in 2002, it has collected "a gigantic amount of peripheral cases and seen a lot of different…

And revenue is driven by a process where the sales team, led by General Sales Manager Katie Young, delivers 100% of the products that the dealership sells to 100% of the customers 100% of the time, he said. he noted. It took five months…

DETROIT - Ford Motor Co. said it was the best-selling automaker in the United States for a third consecutive month, posting a 5.8% increase in light vehicle sales in November, contrasting with declines by almost all other companies that…

Amazon Web Services has launched a new cloud-based data service that it says could help automakers remotely diagnose problems with their vehicles to avoid recalls and improve safety, as well as manage the associated data. Called AWS IoT…