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Browsing Category
auto
Toyota cuts July global production plan by 50,000 vehicles
Toyota Motor Corp on Wednesday cut its July global production plan by 50,000 vehicles as semiconductor shortages and COVID-19 parts supply disruptions continued to curb output. The world's largest car maker by volume expects to make…
Germany says no to EU plan to ban new fossil-fuel cars from 2035
Speaking at an event hosted by Germany's BDI industry association on Tuesday, Lindner said there would continue to be niches for combustion engines so a ban was wrong and said the government would not agree to this European legislation.…
BMW’s $1 billion plan for EV drivetrains at its plant in Austria
FRANKFURT -- BMW said it will invest 1-billion-euros ($1.05 billion) in its plant in Steyr, Austria, by 2030 to allow the development and production of next-generation electric powertrains starting in 2025, the automaker said in a…
Mercedes names McKinsey exec Paul Gao chief strategy officer
Gao has "essential know-how about China and other Asian growth markets," Kallenius said in the release. "This makes Paul the right choice to further enhance the international profile of our brand, our management and our company."
China is…
Malaysia’s Vehicle Sales Fell 11.76% in May Due to Chip Shortage: Report
Kuala Lumpur: Malaysia's total vehicle sales fell 11.76 percent from April to 49,603 in May due to a shortage of chips and components, according to the Malaysian Automotive Association (MAA). The shortage of chips…
Tesla’s German recruitment drive hit by lower wages
Tesla’s recruitment “is not progressing at the planned speed,” Birgit Dietze, a regional IG Metall chief, said. “Many people would be interested in switching to Tesla, but ultimately decide against it, also because they sometimes earn…
2022 Maruti Suzuki Brezza Bookings Open, India Launch Expected on June 30
New Delhi: The country's largest carmaker Maruti Suzuki India on Monday announced opening of bookings for the upcoming new version of its compact SUV Brezza. The new Brezza, to be launched at the end of the month,…
Russian cars drop airbags, anti-lock brakes because of sanctions
A Russian automaker is building its cars without airbags, antilock brakes and other common safety features because the parts it needs are being blocked by international sanctions imposed over that country's war with Ukraine.
The company,…
How Geely Chairman Eric Li built an auto empire in Europe
Li's strategy, according to analysts and experts, appears to be to build up the companies to a certain level, then seek a public listing to drive further outside investment. But Geely's plans could be delayed or derailed by especially…
Clarios’ Holland, Mich. plant shows 12-volt batteries have a big role to play in EV era
The Holland factory has been an advanced battery hub for Clarios since 2009, when it was a division of Johnson Controls. That year, the company received a $299 million grant from the Department of Energy to build advanced batteries for…
Ford Heritage Vault a digital window to the past
Ford's archives team curated the material over the past two years, and it piloted the collection with the help of employees, retirees and graduate students from Wayne State University.
One example Ford highlighted is a series of brochures…
AvtoVAZ resumes production after Russian safety regs loosened
A Russian automaker is building its cars without airbags, antilock brakes and other common safety features because the parts it needs are being blocked by international sanctions imposed over that country's war with Ukraine.
The company,…
Sony & Honda Join Hands To Establish New EV Company
Tokyo: Tech giant Sony and automaker Honda have joined hands to establish a new company that will engage in the sale of high-value-added electric vehicles (EVs) and provide services for mobility. The new company,…
Ferrari to Make 80% Hybrid and Full-Electric Range by 2030
Milan, June 16: Italian luxury sportscar maker Ferrari on Thursday outlined an electrification strategy that calls for 40% full-electric vehicles and 40% hybrid models by 2030. CEO Benedetto Vigna confirmed that the…
Ferrari says EVs and hybrids will account for 80% of sales in 2030
Vigna said Ferrari would develop and build its own electric motors, inverters and battery modules for its electric models on a new assembly line at its plant in Maranello, Italy, while outsourcing non-core components to partners.
Faced…
American Axle executive: We’re not selling
Asked to address the Bloomberg report from last month, CFO and Vice President Christopher May said the Detroit-based automotive supplier is "focused on our standalone plan to create value for shareholders."
May's comments came during the…
Sony and Honda finalize 50-50 joint venture to build EVs in 2025
Sony Honda Mobility, to be based in Tokyo, will combine Honda’s expertise in engineering and manufacturing vehicles, along with its proficiency in providing after-sales service, with Sony’s strengths in imaging, sensing, telecommunications…
Tesla Hikes Electric Car Prices Across Its Lineup
San Francisco, June 16: Elon Musk-owned Tesla has once again increased the prices of its electric cars across its entire lineup with some models going up by as much as $6,000.
According to the auto-tech website…
2022 Hyundai Venue Facelift Subcompact SUV Launched in India at Rs 7.53 Lakh
Hyundai India has officially launched the facelifted subcompact SUV in India starting at Rs 7.53 lakh (ex-showroom). It comes with a host of cosmetic updates and new features. The facelifted Venue looks…
GM to invest $81 million to build Cadillac Celestiq EV at Global Technical Center
DETROIT— General Motors plans to invest more than $81 million to build the Celestiq, Cadillac's flagship electric vehicle, at the automaker's Global Technical Center.
The Celestiq, expected to launch next year, will be the first vehicle…
Stellantis tapping Valeo lidar for Level 3 self-driving cars
Most self-driving systems use a combination of radars, cameras and lidar.
Lidar, or light detection and ranging, sends pulses of light from a laser, at millions per second, that bounce off objects and return to the sensor. Onboard…
Polestar envisions producing 160,000 units a year for Polestar 3, Polestar 4
Swedish electric vehicle maker Polestar is betting boldly on its first pair of crossovers.
The Volvo affiliate said Tuesday that it expects to receive enough production capacity to produce more than 160,000 of its upcoming Polestar 3 and…
Electric Last Mile files for bankruptcy, owes $50 million to creditors
Electric Last Mile Solutions Inc. filed Tuesday a voluntary petition for Chapter 7 bankruptcy, disclosing that it has more than $50 million in liabilities to dozens of creditors.
The EV delivery van startup's bankruptcy petition, filed in…
Ferrari names luxury goods executive Carla Liuni its chief brand officer
“It is increasingly critical to be able to build and maintain a relevant brand identity that resonates with our community and is reflective of the world in which we live,” Vigna said in a news release. “Carla has the experience, the…
VW increases production at main EV plant as parts shortages ease
VW's Saxony division, which operates the plant, said the supply of parts is now stable enough for the factory to return to three-shifts.
This will help to clear an order backlog for EVs built at the plant, VW Saxony CEO Stefan Loth said in…
Volkswagen and Mercedes-Benz welcome EU internal combustion engine ban
VW called the EU’s plan an "ambitious but achievable goal" and said the industry's shift to electromobility is "irreversible."
“It is the only ecologically, technologically and economically sensible way to replace combustion engines as…
Electric Last Mile’s failure is reality check for EV startups, experts say
As Electric Last Mile Solutions Inc. prepares to liquidate under Chapter 7 bankruptcy, the company's rollercoaster ride is a sobering lesson for startups and investors in the EV space, according to industry observers.
ELMS excited…
Tesla Model Y Reportedly Spotted in Bengaluru
Bengaluru: While Elon Musk has announced not to bring Tesla cars to India unless his demands are met, the rich and the famous are not deterred from importing a Tesla vehicle to the country. A privately imported…
Michigan GM worker Gary Kendrick leaves $1.1 million to charities
When Kendrick died in February 2021 at age 67, the gifts turned out to be more generous than his lawyer, Dawn Weier, realized."I was able to start doing discovery on Mr. Kendrick's assets," Weier told a Flint TV station last week. "That's…
GM drops 4-year degree requirement for many jobs, will focus on skills
Nearly half of the about 500 group leaders GM has hired over the past several months are part of underrepresented categories, which GM defines as women and Black, indigenous and people of color.
The strategy is part of GM's mission to…