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Browsing Category
auto
Kia suit claims Rally Auto Group improperly sold Calif. dealership
When Rally Auto Group sought to sell the assets of its Palmdale, Calif., Kia dealership last fall, Kia America said no — twice citing the omission from the prospective buyer's application of his "previous unsatisfactory ownership" of…
Are EVs a safe bet?
Car companies are spending tens of billions of dollars getting their lineups ready, but EV sales have a long way to go.
#BoycottHyundai Trends on Twitter After Car Maker Posts Ad Asking For ‘Freedom For…
Car maker Hyundai landed in a soup for controversial social media post by Hyundai Pakistan supporting "Kashmir Solidarity Day" observed by Pakistan on February 5. Netzines in India slammed Hyundai for its…
Ford idles, cuts output at 8 plants with chip supplies still tight
SAN FRANCISCO — Ford Motor Co. plans to suspend or cut production at eight assembly plants in the U.S., Mexico and Canada throughout next week because of microchip supply constraints, a spokeswoman said.
The plants produce some of Ford's…
Tesla Will Have to Be ‘Vocal for Local’ If They Need Tax Sops, Says Finance Ministry…
New Delhi, February 4: American electric vehicle and clean energy company Tesla Inc is welcome to India if they commit to local manufacturing, assembling, and sourcing norms, a senior finance ministry official said…
Automakers, chip companies differ on duration of semiconductor shortage
Leading automotive chipmakers, however, were less sanguine.
Infineon said on Thursday that the supply-demand imbalance would improve for some chips in the second half of this year, but that the market for mature chips — crucial to…
Audi mulls green energy outlays to curb emissions
Audi, which produces around 1.8 million cars a year, operates four plants in China that make about 600,000 vehicles annually as well as roughly 270,000 gearboxes. Its main location is in Changchun in Jilin province in northern China.
As…
Tesla bid for tax breaks rejected by India
India turned down a demand of Elon Musk’s Tesla for tax breaks to import EVs, saying rules already allow bringing in partially-built vehicles and assembling them locally at a lower levy.
“We looked at whether the duties need to be…
Apple Car Likely To Come With Unique Sunroof Technology: Report
San Francisco: Apple has patented a new kind of sunroof technology for it's upcoming car where the driver will have the ability to control the transparency, allowing them to let sunlight into the car without opening…
Automakers race to pack power into electric motors
Few components have more potential effects on jobs than electric motors. Overall, an electric vehicle can have 50 percent fewer parts than a combustion vehicle, and require 30 percent less labor. That difference is particularly acute for…
Ferrari signals higher profits this year after record 2021
MILAN -- Ferrari delivered a record number of cars last year as demand for luxury vehicles surged globally despite the COVID-19 pandemic and the sports carmaker predicted an increase in its core earnings for 2022.
Shipments grew 22 percent…
Sudden departure of top execs could mean ‘dark days’ at EV maker Electric Last Mile
With the speed of the SPAC process comes the downside of some added risk, according to Erik Gordon a finance professor at the University of Michigan's Ross School of Business.
Gordon, who has a focus in public market activity among other…
GM Mexico workers elect independent union
An independent labor union supported by international activists has won a vote to represent workers at a General Motors' pickup-truck plant in the central Mexican city of Silao, Mexico's federal labor center said on Thursday.
The union,…
Audi Q7 Facelift Launched in India Starting at Rs 79.99 Lakh; Check Price & Other Details Here
Audi, the German luxury car manufacturer, has officially launched the Q7 facelift in India today at a starting price of Rs 79.99 lakh (ex-showroom). The Audi Q7 has been an icon of the Q-range for several years and…
Volvo January sales tumble 24% as chip shortage lingers
Volvo's China sales declined 24 percent to 14,629 in January as part of a wider global decline in volume at the company.
Volvo Car's global sales fell 20 percent to 47,561 in January under pressure from the global component shortage,…
Mercedes-Geely Smart venture said to seek up to $1 billion
As part of the agreement, Mercedes designers would style future Smart vehicles and Geely would engineer them. With production based in China, the venture would aim to extend its portfolio of pure premium electric and connected vehicles.…
Jaguar Land Rover gets $670 million UK loan for electric cars
Jaguar Land Rover will get a 500 million pound ($670 million) state-backed loan to support the automaker in its shift to building electric vehicles.
The five-year loan will help to boost JLR’s research, development and export of…
Mercedes, Geely’s $5B Smart JV is said to seek funding
Smart Automobile Co, a joint venture between Germany’s Mercedes-Benz and China’s biggest private carmaker Zhejiang Geely Holding Group Co., is considering raising funds as part of its plans to promote the minicar as an all-electric brand,…
Mitsubishi swings back to profitability in latest quarter on redesigned Outlander
Global retail sales climbed 12 percent to 245,000 vehicles in the quarter, driven by robust demand in North America and Southeast Asia, despite tepid deliveries in Japan and Europe.
Revenue increased 39 percent to 525.5 billion yen ($4.57…
Lexus global sales fall just short of all-time record in 2021, despite chip shortage
The overall global tally was the second-highest annual result for Lexus and came despite tight inventories triggered by the global semiconductor shortage. The 2021 finish could not quite match Lexus' all-time sales record of 765,330 units…
Union Budget 2022: Government To Introduce Battery Swapping Policy & Develop Special Mobility…
During the Union Budget 2022, Finance Minister Nirmala Sitharaman announced that the government will introduce a battery swapping policy to promote the sales of electric vehicles in the country. The Battery Swapping…
Jaguar Land Rover lost $12M in the latest quarterly earnings report. Here’s why
Jaguar Land Rover swung to a quarterly loss as global semiconductor shortages continued to hit sales.
The UK automaker reported a 9 million pounds ($12 million) loss before tax for the quarter ended Dec. 31, compared with a profit of 439…
Ford Bronco Raptor fits line after fix found
Ford designed the 2022 Bronco Raptor to be big. Too big, it turned out, for the assembly line.
The ultra-rugged version of the off-road SUV, set to go on sale this summer, has 14 inches of suspension travel in the rear, the same as the…
Tesla will soon build more than 1 million vehicles per year
"There should no longer be doubt about the viability and profitability of electric vehicles," Tesla said in its earnings report, citing data that it had achieved higher operating margins than global automakers that rely on internal…
GM’s Michigan battery projects fill in more of EV production map
The other piece of GM's EV puzzle is its battery plants. GM and its Ultium Cells joint venture partner, LG Energy Solution, are spending $2.6 billion to build a battery plant in Lansing, Mich., their third in the U.S. Ultium Cells has…
Mitsubishi swings back to profitability in latest quarter on new Outlander
TOKYO -- Mitsubishi Motors Corp. quickened the pace of recovery in the latest quarter, bouncing back to profitability on higher sales and lifting its full-year earnings outlook.
The Japanese automaker booked operating profit of 30.7…
Tougher EPA emissions standards could be turning point for EVs
The agency kept in place the averaging, banking and trading program, a compliance flexibility that dictates how credits can be generated and used. Since 2016, automakers collectively have failed to meet the EPA's tailpipe standards, and,…
Rebounding Mitsubishi jumps back to profitability on hot new Outlander
TOKYO -- Mitsubishi Motors Corp. quickened the pace of recovery in the latest quarter, bouncing back to profitability on higher sales and lifting its full-year earnings outlook.
The Japanese automaker booked operating profit of 30.7…
What’s the 2022 auto industry outlook? Ask the experts
The Society of Automotive Analysts holds its annual Outlook conference each January to look ahead at the new year. Does the start of a third year of a pandemic and a second year of the microchip shortage have you feeling overwhelmed? You…
Alabama-built 2023 Mazda CX-50: A crossover made in the U.S. for the U.S.
Mazda last assembled vehicles in the U.S. a decade ago with then-partner Ford Motor Co. in Flat Rock, Mich. Mazda ended production of the Mazda6 sedan at the plant in 2012 amid weak sales and red ink from its North American operations. The…