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auto
Hyundai and Vitesco ink $2.1B deal for electric-drive units for smaller cars
Initially the order is for a 400 watt/160 kilowatt unit, but Vitesco says the EMR4 system is scalable and can be used across segments on the same platform. It has a power range of 80 to 230 kw, compared with a narrower range of 120 to 150…
Rivian scores $1.5 billion in incentives to build its EV plant in Georgia
Electric-pickup maker Rivian Automotive Inc. is slated to receive $1.5 billion in state and local incentives to build an assembly plant near Atlanta, bolstering the company's production efforts despite local resistance to the project.
The…
BMW, Mercedes, selling car-sharing business to Stellantis
Brigitte Courtehoux, who heads Stellantis' mobility division Free2move, said the deal was part of the group's plans to grow net revenue from that business to 700 million euros ($735 million) in 2025 and to 2.8 billion euros in 2030, up…
Tesla in India: Manufacturing Cars in the Country Will Also Benefit Elon Musk, Says Nitin Gadkari
New Delhi: Reiterating his stand on Tesla manufacturing in India, Union Road Transport and Highways Minister Nitin Gadkari on Monday said that if Elon Musk comes to the country and makes Tesla cars here, that will…
Why Stellantis is committing $2.8 billion in new EV investments to Canada
On the R&D front, Stellantis said it will modernize its Automotive Research and Development Centre in Windsor by expanding and building two "Centres of Competency."
“The electric vehicle and battery pack testing centres of competency…
VW to use Qualcomm chips for autonomous vehicles
BERLIN - Volkswagen Group has set up a partnership with U.S. chip maker Qualcomm to develop automated driving technology, Handelsblatt reported.
The automaker will use Qualcomm's system-on-a-chip, developed specifically for automomous…
Why Stellantis is committing $2.5 billion in new EV investments to Canada
On the R&D front, Stellantis said it will modernize its Automotive Research and Development Centre in Windsor by expanding and building two "Centres of Competency."
“The electric vehicle and battery pack testing centres of competency…
Detroit auto show sponsorships pacing up after lull since 2019
Sponsor interest for the return of the North American International Auto Show in Detroit has been "exceptionally high" due to the pent-up demand from the hiatus of one of the city's largest events, according to organizers.
There are…
Porsche and Audi have decided to join Formula One
BERLIN -- Volkswagen Group's premium brands, Audi and Porsche, have decided to join Formula One, VW Group CEO Herbert Diess said.
Audi is ready to offer around 500 million euros ($556.30 million) for British luxury sports carmaker McLaren…
VW to use Qualcomm chips for automnomous vehicles
BERLIN - Volkswagen Group has set up a partnership with U.S. chip maker Qualcomm to develop automated driving technology, Handelsblatt reported.
The automaker will use Qualcomm's system-on-a-chip, developed specifically for automomous…
Ukraine gets 50 Chevy Tahoes, 50 Ford Rangers
The Ukrainian government now has a fleet of 50 Chevrolet Tahoes and 50 Ford Rangers to help transport its citizens out of danger, thanks to donations from their manufacturers.
General Motors gave the full-size SUVs to the Ukrainian…
German auto industry braces for Russian gas disruption as Ukraine war continues
BERLIN — German automakers and suppliers said they are preparing for the possibility that Russia will cut off their gas supplies as a result of the Ukraine conflict.Gazprom, the large Russian state energy company, fired a warning shot last…
2022 Kawasaki Ninja 300 Launched in India; Priced at Rs 3.37 Lakh
Kawasaki has launched the updated Ninja 300 in the Indian market. Priced at Rs 3.37 lakh, the refreshed model is significantly costlier over the previous model, as it was priced at Rs 3.37 lakh (All prices…
Skoda Kushaq Ambition Classic Variant Introduced in India; Check Prices & Other Details
Skoda Auto India has launched a new Ambition Classic variant of the Kushaq compact SUV. With the rivalry increasing in the compact SUV space, the Czech automaker went ahead with a new variant to bolster the Kushaq's…
Germans brace for a Russian gas disruption as Ukraine war continues
BERLIN — German automakers and suppliers said they are preparing for the possibility that Russia will cut off their gas supplies as a result of the Ukraine conflict.Gazprom, the large Russian state energy company, fired a warning shot last…
New Honda City e:HEV Hybrid India Launch Set For May 4, 2022
Honda Cars India will officially announce prices of the City e:HEV in the country on May 4, 2022. It will be the first hybrid model in the compact sedan segment. The automaker is already accepting pre-bookings for…
Tata Avinya EV Concept Makes Global Debut; Expected To Arrive in India by 2025
Tata Motors-owned Tata Passenger Electric Mobility (TPEML) today officially revealed the Avinya EV concept. As per the homegrown automaker, the EV derives its name from the Sanskrit language which stands for…
Toyota Glanza, Urban Cruiser Sub-Compact SUV To Become Expensive From May 1, 2022
Toyota will increase the prices of select models in the Indian market from May 1, 2022. According to a statement released by the Japanese carmaker, its Glanza premium hatchback and Urban Cruiser Sub-Compact SUV will…
Lucid CEO got more than $260 million before the stock fell 67%
A short-lived surge in Lucid Group Inc.'s share price last year allowed CEO Peter Rawlinson to collect more than $260 million in performance-based awards.Shares of the electric automaker, founded in 2007, have since plunged by two-thirds…
Shanghai plants struggle to reboot as virus lockdowns drag on
SHANGHAI — Companies reopening factories in locked-down Shanghai are booking hotel rooms to house workers and turning vacant workshops into on-site isolation facilities as authorities urge them to resume work while complying with tough…
Mercedes will use Faurecia’s Aptoide infotainment technology
PARIS -- Mercedes-Benz will use embedded Faurecia's Aptoide technology to power navigation and other vehicle infotainment functions in a crucial win for the app provider against Google and other technology firms to control car dashboards.…
Musk unloads $4 billion worth of Tesla stock
Elon Musk sold about $4 billion worth of Tesla Inc. stock days after reaching a $44 billion deal to buy Twitter Inc.
The Tesla chief executive officer offloaded 4.4 million shares April 26 and April 27, according to regulatory filings.…
Across China, cities crack down to avoid virus surge, upending business
Cities across China are rolling out swift measures from mass-testing drives to lockdowns for just a mere handful of COVID-19 cases, aiming to keep flareups at bay and avoid the economic and social hardship endured by Shanghai.
The…
EV adoption faces many speed bumps
EV consumer interest might not translate into as many sales as automakers and regulators would hope. Supply chain snags are likely to prevent the industry from meeting growing demand.
VW considers expanding U.S. plant
The automaker plans to invest at least $7.1 billion over the next five years in North America and add 25 new electric vehicles there by 2030, with the aim of 50 percent of sales to be electric by then.
The Chattanooga plant, its only U.S.…
Porsche introducing limited-edition 911 | Automotive News
Porsche is introducing a limited-production version of the "ducktail" 911.
The sports car maker will build 1,250 of the 911 Sport Classic, which pays homage to the 1970s-era 911 Carrera RS 2.7
The 911 Sport Classic, based on the wide-body…
Ford CEO Jim Farley: New plant in Tennessee to build ‘another truck’ that’s not…
DETROIT -- Ford CEO Jim Farley on Tuesday said the vehicle that the automaker intends to build at its upcoming Blue Oval City campus in Tennessee will be an additional electric pickup and not a next-generation F-150 Lightning.
Speaking to…
Fisker CEO hopes partner Magna triples SUV output in 2023 to meet demand
Electric-vehicle maker Fisker Inc. hopes Canadian supply giant and contract assembler Magna International Inc. can boost production at its plant in Austria to 150,000 vehicles from 2024 as reservations for the automaker’s first vehicle…
With Mercedes’ help, Aston Martin chases Ferrari
Stroll says with its new vehicles the company is targeting a gross profit margin per vehicle of at least 40 percent and in some cases 50 percent. Analysts put Ferrari's figure at more than 55 percent.
By 2025, Aston Martin aims to sell…
GM’s new Mexican union seeks 19.2% wage hike
MEXICO CITY - The new independent labor union at General Motors' largest Mexican plant is seeking a 19.2 percent wage increase, citing surging inflation, and the U.S. carmaker has countered with an offer of 3.5 percent, the head of the…