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Browsing Category
auto
China eyeing ways to better target resources for EV production
China is drafting measures to rein in overcapacity in the electric vehicle sector and channel resources in a more targeted way to a number of key production hubs throughout the country, according to people familiar with the matter.…
Chip supply faces new crunch as Malaysia plants shut for a week
The Malaysian semiconductor firm Unisem will shut some plants for seven days after three employees died recently from COVID-19, dealing a fresh blow to the chip supplies that carmakers and other companies rely on.
The company said it will…
Tesla sold 44,264 China-made vehicles in August
BEIJING -- U.S. electric vehicle maker Tesla Inc. in August sold 44,264 China-made vehicles, including 31,379 for export, the China Passenger Car Association (CPCA) said on Wednesday.
Local sales of China-made vehicles jumped to 12,885…
Ford hires away executive leading Apple’s car project
Losing Field is a blow to Apple, whose car project has gone through several strategy and leadership shake-ups since it started to take shape around 2014. Field joined in 2018 and is at least the fourth member of the car group’s management…
Ford-backed Solid Power expands factory to boost cell production
Solid Power, a maker of solid-state batteries for electric vehicles, is expanding its factory outside Denver to scale production so it can deliver test cells to Ford Motor Co. and BMW in early 2022.
The startup, which counts both carmakers…
Stellantis names former Ford marketing exec Christine Feuell as CEO of Chrysler brand
Stellantis is bringing in a former Ford marketing executive to lead its Chrysler brand.Christine Feuell, who held numerous roles at Ford including director of global marketing strategy, will join Stellantis on Sept. 13 and report to…
Ford extends shutdown of Mustang plant following gas leak
DETROIT — Ford Motor Co. has extended the shutdown of its Mustang plant in Flat Rock, Mich., following a gas leak that has prompted the evacuation of hundreds of residents near the factory.The plant has been closed since late last week…
The Future of Electric Vehicles Makes Inroads in Singapore
Global warming endangers our health, jeopardizes our national security, and threatens our lives. The Intergovernmental Panel on Climate Change (IPCC) recently released a report that the world is entering the “red…
Toyota to spend nearly $14B on batteries, including solid state, by 2030
TOKYO -- Toyota will plow nearly $14 billion into battery development through 2030, ramping up solid state batteries and next-generation lithium ion power packs in a bid to slash emissions and give extra life to hybrid vehicles in…
VW planning to re-lease its used EVs as strategy to keep hold of batteries
MUNICH -- Volkswagen plans to crack an industry barrier and offer used-vehicle leases on its ID family of electric vehicles, including those in North America, as a strategy to keep control over their valuable batteries, VW executives told…
VW’s self-driving partner closing in on German public road tests
Volkswagen Group's partner developing self-driving technology is just a few months away from starting to test autonomous vehicles on public roads in Germany.
Argo AI already has the largest test footprint of any autonomous vehicle company,…
Georgia prepares for a new age supply chain
Q: What is the new alliance that Georgia has created?
A: We're seeing that our auto companies are planning a major transition to electrified technology, and that's going to be significant for Georgia and really for every other state where…
Auto industry COVID-19 vaccine mandates grow
The Pfizer-BioNTech vaccine last month was granted full approval by the U.S. Food and Drug Administration, which experts say could give corporations a basis for requiring shots. But while such mandates are beginning to make their way into…
BMW CE 02 Concept Mini Electric Bike Unveiled
Berlin: Leading German luxury car-maker BMW Group has unveiled its CE 02 concept electric mini-bike. According to The Verge, the CE 02 has an 11kW belt-drive motor, which can help the bike reach a top speed of…
How the microchip shortage has roiled an industry
The chip shortage has tapped the brakes on Volvo Cars' market momentum.
This year, Volvo had to temporarily halt production across its network, including factory lines in Sweden, Belgium, the U.S. and China, to cope with the supply…
VW CEO says smart cars, not EVs, are ‘game changer’
Autonomous driving will change the auto industry "like nothing else before," VW Group CEO Herbert Diess said ahead of the official opening of the IAA Munich auto show.
VW CEO says smart cars, not EVs, are ‘gamechanger’
Autonomous driving will change the auto industry "like nothing else before," VW Group CEO Herbert Diess said ahead of the official opening of the IAA Munich auto show.
Smart signals upscale ambitions with SUV concept
Smart will aim at the premium end of the booming small SUV segment with the production version of its Concept #1.
The four-seat concept previews the first series-production model of a new generation of Smart cars planned by Daimler and its…
Luxury Car Rental King Rashad James Celebrates 1st Year Of Success ‘Luxo Exotics’ Brand…
Celebrated Luxury Car Rental Guru Rashad James of Luxo Exotics Car Rentals in Houston, Texas has become one of Houston’s Top Luxury Lifestyle Influencers by way of The LUXO EXOTICS Brand.
Whether it be for a Music…
Tesla Is Worth $3,000 a Share ‘If They Execute Really Well’, Says Elon Musk
San Francisco, September 5: Tesla CEO Elon Musk has told its employees that he agrees with Ark Invest that Tesla is worth $3,000 a share "if they execute really well". This week, Ark Invest released a new note…
Tesla May Release $25,000 Electric Car Without a Steering Wheel in 2023
San Francisco, September 4: Tech billionaire Elon Musk has reportedly told Tesla employees that the automaker is planning to unveil its previously announced $25,000 electric car in 2023.
The CEO hinted that it might…
Who will benefit from supply chain electrification?
"We're seeing an acceleration," said Bernard Swiecki, director of the Automotive Communities Partnership, which maintains the database to help states and communities track economic development opportunities in the auto industry. "And when…
Mexico adopts firm stance on auto dispute ahead of U.S. talks
MEXICO CITY -- Mexico expects the United States to comply with automotive rules in the new North American trade pact, a senior official said, taking a firm line ahead of high-level talks next week clouded by a dispute over the future of…
Build-to-order vehicles unlikely to circumvent in-store F&I
Asked about the prospect of automaker build-to-order emphasizing captive finance and products, and costing dealers an F&I opportunity, the National Automobile Dealers Association said the transactions still end up at the…
Top Nissan supplier sees order returning to supply chain
Auto parts maker Jatco Ltd., majority-owned by Nissan Motor Co., said supply-chain issues disrupting the industry won’t last much longer and carmakers will be able to ramp up production again this fiscal year.
“Automakers will definitely…
Tata Motors Opens 70 New Sales Outlets Across 53 Cities in South India
New Delhi, September 3: Tata Motors on Friday inaugurated 70 new sales outlets across South India in one go, as part of its retail acceleration strategy. Spread across 53 cities, the new outlets have been…
Volvo warns on sales as supply woes dent output
STOCKHOLM -- Volvo Cars warned that sales volumes in the second half could fall after it was forced to cut production due to material shortages.
Global vehicle sales fell 11 percent to 45,786 from a year ago in August, despite strong…
Mexico eyes resolution soon on dispute over USMCA auto rules
MEXICO CITY -- Mexico hopes to soon reach agreement on the interpretation of how automotive content rules in the United States-Mexico-Canada Agreement trade pact are applied, President Andres Manuel Lopez Obrador said on Thursday.
Speaking…
Airbag supplier Joyson Safety Systems names next CEO
Guido Durrer, who steered Joyson Safety Systems for more than three years following its takeover of Takata Corp.'s business operations, plans to retire as president and CEO on Dec. 31.
Effective Jan. 1, the top job will be filled by Tao…
Daimler braces for ‘significant’ hit to Mercedes sales in Q3
STUTTGART, Germany -- Daimler expects significantly lower sales of Mercedes cars through the end of September due to the ongoing chip shortage.
"With the plant closures at semiconductor suppliers in Malaysia and elsewhere, the challenge…