Auto News

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…

BERLIN - Stellantis has signed a preliminary agreement with lithium developer Vulcan Energy Resources for the supply of climate-friendly lithium from Germany, the automaker said on Monday. Stellantis is the latest automaker to sign a deal…

Tesla to forgo € 1.14 billion ($ 1.3 billion) in state aid for the plant it is building in Germany, as it decided to try to produce a new type first large-scale battery cell in Texas, a person familiar with the matter…

Investors' favorites Electric vehicle makers have become investor darlings over the past year, and their actions have staged impressive rallies amid bets on the growing demand for cleaner cars. Industry leader Tesla has nearly doubled in…

BERLIN - The Volkswagen Group board did not make a decision on the future of CEO Herbert Diess at a meeting on Tuesday, two sources familiar with the matter said on Wednesday, one calling the talks "on the edge of the razor ". Diess and…

BERLIN - Volkswagen Group senior management will meet on Tuesday to discuss the future of CEO Herbert Diess, who is expected to remain at the helm of the automaker despite tensions over his management style, sources said on Monday. The…

After more than a century of humility, SAE International is starting to boast a bit by launching a “Meet SAE” advertising campaign.SAE hopes the campaign will help increase membership and participation…

Porsche acquires a majority stake in Greyp, a Croatian manufacturer of electric bikes linked to its subsidiary Rimac Automobili, to extend mobility offerings beyond sports cars like the 911 or the battery-powered Taycan. Porsche's venture…

LOS ANGELES - Hyundai Motor North America's U.S. investments in electric vehicle manufacturing will be greatly influenced by the structure of federal incentives for electric vehicles, CEO Jose Muñoz said in an interview.…

As of Monday's close, the company had a market cap of around $ 73 billion, although it generates meager revenue. In 2018, the Saudi Arabia Public Investment Fund invested more than $ 1 billion in the startup, breathing new life into a…

The Montreal International Auto Show will be back in 2022 after the The 2021 edition has been canceled because of COVID-19, organizers announced Thursday. They also reported that, based on a survey of previous participants, consumer…

Vehicle ad company CarGurus Inc. reported higher revenue in the third quarter, reflecting increased transactional capabilities and digital tools for dealerships, while net profit declined.The Cambridge, Massachusetts-based company said on…

Greece wants to make all of its inhabited islands environmentally friendly as the country strives to meet a target of reducing harmful emissions by at least 55% by 2030. A national campaign dubbed "GR-eco Islands" will start in Chalki, a…

Biden, in his statement, said he looked forward to signing them and that "in generations people will look back and know that is when America won the 21st economic competition. century". His upbeat statement came after House and White…

A repairer of machinery Ford Motor CoThe Lima, Ohio engine plant died following a work-related accident on Wednesday, the automaker and the UAW said. The employee's name and age were not immediately available, nor were details of the…

CDK Global Inc.'s revenue and net income increased in the company's first fiscal quarter, compared to a quarter a year earlier that was affected by the pandemic. Dealership management system giant Hoffman Estates, Ill. Said on Tuesday…

FREMONT, Calif .-- One of the world's most prominent automakers, located in this East Bay suburb, has launched a feature called "Full Self-Driving." Despite its name, the technology requires the constant vigilance of human drivers, who…

PRAGUE - Volkswagen Group Skoda is restarting most of its production lines on Sunday after a two-week outage caused by a shortage of semiconductor chips. Skoda had said on October 7 that it would drastically reduce or even stop production…

TURIN - Vietnamese automaker VinFast will use a direct selling model when it debuts in Europe in spring 2022, company executives said. VinFast, which is the only Vietnamese automaker, will adopt a distribution model similar to Tesla's…

The investments come as the industry reeling from a global shortage of microchips that has plunged global vehicle production and hampered new vehicle sales and inventory. According to an estimate from AutoForecast Solutions, about…

DETROIT - Ford Motor Co. on Wednesday said third-quarter net profit fell 24% to $ 1.8 billion due to the continued shortage of microchips, but strong demand has pushed the automaker to raise to $ 1.8 billion. again its forecast for the…

France is at risk of losing one in four car jobs as the country struggles to keep pace with the rapid transition to electric vehicles. The French automobile industry, the birthplace of the Peugeot, Citroën and Renault…

Buyers are ready to buy a new vehicle that is close enough to what they want in today's tight inventory market or pick something from the pipeline and wait for it, Jackson said. Others will switch to used vehicles or say they will wait…

Rivian Automotive Inc., the Amazon-backed electric pickup maker preparing to go public, expects to report a quarterly net loss of up to $ 1.28 billion from costs associated with starting production of its first truck. Losses have been…

DETROIT - General Motors is more than halfway away from shipping the newly assembled pickup trucks it had parked due to a shortage of semiconductor chips, a senior GM official said on Friday. "We have made great strides," said Steve…

Automotive retail giant AutoNation Inc. has announced that it will acquire Priority 1 Automotive Group as it reported record third quarter results that saw its bottom line nearly double, supported by vehicle sales and revenues. used…

Magee also shared tips for fostering diversity, equity and inclusion in the workforce. “Promote pay equity,” he said. “Develop a strategic training program. Make it easy for your…

SHANGHAI - At the Shanghai auto show in April, the booth of the China Evergrande Group's new energy vehicle unit was hard to miss. One of the biggest exhibits of the event, in a prime location across from BMW, the developer-backed unit…

Carlos Ghosn's new fight: Restoring his name Opinions about Carlos Ghosn are very divided, not only in Japan but in the international community. Ghosn has many supporters who see him as the victim of a coup. But there is also no…

Employee referrals have proven effective for the Hendrick Automotive Group dealership, which sold 1,872 new and used vehicles last year. “If our employees are willing to say, 'This guy or that girl could be a great fit,'…

TOKYO - Toyota Motor Corp. will cut global production for the third time next month as the pandemic and the global microchip shortage continue to be felt, but the impact will not be as painful as before and Japan's largest automaker is…

“The (chip) industry is responding very, very quickly,” he said, saying Intel is investing a lot of money to increase capacity. “But also in our case, we want to be able to develop our…

DETROIT - General Motors plans to launch a Cadillac badge-bearing finance brand for its luxury customers and dealers next year, according to an internal rating obtained by Automotive News. Cadillac Financial, which will operate under the…

PRAGUE - The Volkswagen Group will decide next year on the location of a battery cell factory in Eastern Europe, the automaker said. Earlier this year, VW announced its intention to build six battery cell factories across Europe by 2030…

The brand's combustion engine vehicles have been well received, especially the GV70 and GV80 crossovers that arrived in the United States in the past year. But SangYup Lee, director of the Hyundai Global Design Center, said in a recent…

DETROIT - State environmental regulators say there is a "moderate to strong" paint or solvent odor emitted by automaker Stellantis' Jeep assembly plant in east Detroit. The Michigan Department of the Environment, Great Lakes and Energy…

United Microelectronics Corp., the smaller counterpart, declined to comment on its response to the US query, although CFO Liu Chi-tung said Bloomberg News that the company will protect non-public customer information. Meanwhile, the…

Terms of the contract are not disclosed. Neither side used a broker, Morgan said. Reeves had owned the dealership group since 1971, starting with a Volkswagen dealership. “This was actually the third time we've had any…

Hopes that 2021 would recoup much of the auto sales lost to the pandemic in 2020 are fading as the semiconductor shortage continues to lead to widespread plant shutdowns. Last month, IHS Markit, which many automakers use as a benchmark…

Garcia, who holds a master's degree from the Royal College of Art in England, began his career at Renault and later joined Ford. He ran his own studio for several years before joining Skoda in 2010 as design coordinator, and joined Seat /…

Automotive News on Monday announced a retirement, hiring and promotion as publisher KC Crain continues to reshape its management team. Movements : • Dave Versical, 66, has decided to retire. Versical joined the…

Polestar's $ 20 billion valuation includes debt, although the company did not specify an amount. Polestar is following the lead of Lucid Motors of Newark, Calif., Which turned its own SPAC deal into a market cap of around $ 40 billion…

Tesla delivered 241,300 better-than-expected cars globally in the third quarter, up 73% from the previous year, pushing the electric vehicle maker to a record breaking. Quarterly deliveries are one of the most closely watched metrics for…

The Volkswagen Group's main plant in Wolfsburg, Germany could face historically low production this year and needs a faster transition to electric vehicles to remain competitive, according to senior labor officials at the…

By TOM KRISHER, AP Automotive WriterDETROIT (AP) - In a typical month before the pandemic, the Chevy dealership at Con Paulos in Jerome, Idaho, sold about 40 new vehicles. In September, it was only six. Now, there is nothing new in…

Daimler shareholders voted in favor of a plan to split the sprawling heavy-truck division of Mercedes-Benz luxury car operations in a move to increase the valuation of both companies. With 99.9% of the vote, nearly all investors approved…

WASHINGTON - Rohit Chopra has been officially confirmed as director of the Consumer Financial Protection Bureau, signaling a return to more aggressive oversight of financial services companies within the agency. The US Senate on…

"The market is not yet very active, if you compare it to combustion engine models where each of the major automakers has a whole range of vehicles," said Alexander Klose, who heads the Chinese vehicle maker's foreign operations. electric…

Massachusetts Attorney General Maura Healey on Wednesday warned car buyers to be aware of dealerships who may not accurately announce vehicle prices or honor those prices. Healey's office issued an advisory in response to an increase in…

LONDON - Rolls-Royce will launch its first fully electric car in 2023 with a view to switching to selling battery-only cars after 2030. The ultra-luxury brand's first electric vehicle will be the Specter coupe, the BMW-owned company said…

Ineos Group, the British chemical company that will bring the rugged BMW-powered Grenadier SUV to North America in spring 2023, will open its order books on Thursday.The company says 63,000 hand lifters have expressed interest in the boxy…

PARIS - Nissan is launching the Townstar, a small van based on the Renault alliance partner's Kangoo, as part of a rebranding of its light commercial vehicle offerings. The Townstar will be available with a gasoline or fully electric…

Blue Oval City in Tennessee, a $ 5.6 billion project, will span six square miles. Ford said the site will be vertically integrated in the same way as the Rouge complex. The assembly plant, which is Ford's first entirely new plant since…

Tesla CEO Elon Musk and Stellantis Chairman John Elkann agree Ferrari should avoid autonomous driving technology. The two spoke for more than 45 minutes on Friday during Italian Tech Week, an event which Elkann, who is also the president…

Manley set to follow legendary CEO - again It is not easy to succeed a legend. Mike Manley is about to do it a second time. In July 2018, Manley was propelled to the CEO seat following the untimely death of Sergio Marchionne of Fiat…

Honda is likely to face a heavy load in the electric vehicle space, at least in the early days, analysts say. Competitors such as Hyundai Motor Group are far ahead, with several second-generation electric vehicles on sale this year and…

A former Tesla Inc. worker who alleges racism was rampant on the assembly line has already achieved a rare feat: forcing the electric car maker to fight it in open court. But when Owen Diaz takes his case to a jury starting Friday in San…

LONDON - Ford is set to choose one of its two transmission factories in Europe to produce electric transmissions, according to sources close to the automaker. The two factories in the running are the two former facilities of Ford's joint…

Electric vehicle producer Rivian plans to hire 100 workers and invest $ 4.6 million in a new customer service center near Detroit in Plymouth, Michigan, following the launch of its first electric pickup. The 12-year-old start-up, backed…

Consulting firm AlixPartners said on Thursday that the current semiconductor chip shortage will cost the global auto industry $ 210 billion this year, a bigger loss in revenue than previously thought.That figure is significantly higher…

Healey spokeswoman Emalie Gainey said Massachusetts law prohibits making a loan subject to a service contract. CAC's internal policy treated service contracts as optional for vehicle loans, according to the dispute.But auto dealers have…

In September 2018, AutoNation announced that it was looking for a new CEO and said Jackson would become executive chairman once a replacement was hired. In early 2019, the company hired Carl Liebert, an industry outsider and COO of…

Robin Geoulla had doubts about the automated driving technology fitted to his Tesla Model S when he bought the electric car in 2017. "It was a little scary to, you know, rely on it and just, you know, sit down and let it drive," he told a…

For savvy motorists who have leased vehicles they are now ready to return, record used car prices could mean a financial windfall.After plummeting to recession-era levels in the first few months of the pandemic, the auto market returned to…

Americans have always had exactly one choice when it comes to all-electric car makers: Tesla. From this month they will have another one. Rivian Automotive Inc. rolled out its first pickup truck for repeat customers from its Normal,…

The ad also includes a CGI recreation of an actual event from 2012, when a Tundra transported the space shuttle Endeavor to its final resting place at the California Science Center. There's even a nod to the "Back to the Future" movie…

Japanese automakers, Toyoda said, will have no choice but to send production of these vehicles to the foreign markets where they are currently exported or to terminate them altogether.“This means that the production of…

Bartz posts regularly on Reddit, Facebook and YouTube, including frequent live broadcasts where he provides new information to customers whether they have orders with Long McArthur or not, and answers questions from across the…

The research comes amid broad hope that electric, self-driving shared taxis can one day help governments meet pollution reduction goals. Specifically, this comes at a time when California lawmakers may codify such hopes into law. Senate…

Four dealers changed hands in the third quarter in four transactions involving luxury stores and national brands. Here is an overview of the offers. Two transactions concerned groups classified on Automotive NewsList of the 150 best…

BERLIN - Shares of Vitesco Technologies were broadly stable on Thursday in a volatile first market that highlights the challenges facing the German auto supplier derivative of Continental. The stagnation in the share price, combined with…

Striking statistics put more emphasis on the speed epidemic Road deaths have increased during the pandemic. The latest figures from federal officials show a 10.5% increase in the first quarter of 2021 from the previous year, an increase…

DETROIT - The defense arm of General Motors has said it has won a $ 36.4 million contract to build 10 heavy armored Suburban SUVs for the US State Department. GM Defense said on Wednesday that it plans to deliver the purpose-built…

Laurens van den Acker took charge of Groupe Renault design in 2009 and oversaw a successful overhaul of the Renault brand's range. Now, under the leadership of new CEO Luca de Meo, he takes on a less practical role at the automaker as…

Pricing will start at $ 23,410, including shipping, for a front-wheel drive L model and top off at $ 28,840 for an all-wheel-drive XLE. All models are powered by a 2.0-liter four-cylinder engine developing 169 horsepower and 150…

Elsewhere, this regulatory environment may be less welcoming. In June, Mobileye began testing autonomous vehicles in New York City. But Shashua said a proposed city clearance process for AV testing threatens the company's prospects in…

Asked about the possibility that automakers are building-to-order with an emphasis on finance and captive products, and costing dealers an F&I opportunity, the National Automobile Dealers Association said deals always end at the…

The Mercedes-AMG GT 63 SE Performance is capable of covering 7 miles of emission-free driving on a full charge. The four-door coupe can go up to 80 mph with the engine off. The model's hybrid powertrain is derived from the powertrain of…

COLLIER COUNTY, Fla .-- There may be a wait for an appointment at your local auto repair shop the next time your car needs work. Collier County stores are struggling to hire and keep mechanics. Now they have to figure out how to…