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Browsing Category
auto
Toyota pledges $90 million for components plants in West Virginia, Tennessee
Toyota Motor North America plans to invest $90 million into two components plants, one each in West Virginia and Tennessee, to expand and prepare for regional production of hybridized and battery-electric vehicles.
The bulk of the funds…
Top China chipmaker warns of growing shortfall as U.S. decouples
Manufacturers in China are increasingly looking to source chips locally because they fear the U.S. and other governments may prioritize domestic users of the semiconductors vital to national security, a senior executive at the country’s…
Suzuki, Hyundai, Tata Among 20 Firms Approved for Auto Sector PLI Scheme
New Delhi, February 11: Tata Motors, Suzuki, Hyundai, Ford, Ashok Leyland, Kia, and Bajaj Auto are among 20 companies approved for Production Linked Incentive (PLI) scheme for the automobile sector, the Ministry of…
BMW sees up to $9.1B boost from taking controlling stake in China JV
BMW said buying a controlling stake in its Chinese car-making joint venture with Brilliance will bolster the German company's earnings by as much as 8 billion euros ($9.1 billion).
Chinese authorities gave BMW permission to raise its stake…
Ford looking to India as EV export base
Ford Motor Co. said Friday it is exploring the possibility of using one of its plants in India to produce electric cars for exports, months after the U.S. automaker said it would stop selling cars in the Indian market.Ford last year pulled…
Tesla Recalls Over 5.78 Lakh Cars Over a Potential Issue With Boombox Feature: Report
San Francisco: Electric car maker Tesla is reportedly recalling 578,607 vehicles over a potential issue with the Boombox feature. As per the document by the National Highway Traffic Safety Administration (NHTSA),…
Ford mulls air freight to move parts past Canadian border blockade
Ford Motor Co. is looking at flying in some auto parts to a plant in Windsor, Ontario, that produces engines for popular models, an official representing the auto workers union said on Thursday, as automakers and other manufacturers seek…
New Volvo EV crossover will be built in China, U.S.
Volvo's 2.3 million-square-foot assembly plant in Ridgeville, S.C., an hour northwest of Charleston, will be the first factory to build the automaker's next-generation battery-electric vehicles, Volvo Cars CEO Hakan Samuelsson told…
Live updates from blockade at Ambassador Bridge connecting U.S. and Canada
An ongoing blockade in Windsor, Ontario, near the Ambassador Bridge is leading to production cuts at assembly plants and warnings of delays in new vehicle shipments to dealerships. Stay with this live blog for the latest developments at…
VW labor chief says automaker ‘must get its act together’ in China
Volkswagen Group's works council chief Daniela Cavallo said the automaker must do more to understand the Chinese market to capture greater market share, after missing its electric vehicle sales targets in the country last year.
"Volkswagen…
Stellantis production hampered by lingering bridge blockade between U.S. and Canada; trucker protest…
“Basically if there’s a shutdown of transportation routes, the auto industry comes to a screeching halt in about two days,” Robert Wildeboer, executive chairman of Martinrea International Inc., said Tuesday on BNN Bloomberg Television.
The…
Ambassador Bridge blockade leads to production cuts, delayed deliveries
The U.S. government addressed the issue Wednesday, warning that the blockade risks hurting the auto industry, which is already dealing with a global shortage of semiconductors.
"I think it's important for everyone in Canada and the United…
Hyundai Row: South Korean Automobile Giant Faces Backlash After Hyundai-Pakistan’s Kashmir Post;…
South Korea’s automobile giant Hyundai faced severe backlash after the unsolicited social media post on Kashmir by their Pakistani partners stoked a major outrage in India. However, the offending post had been…
Honda wants to keep capping incentive spending as inventories recover
TOKYO -- Lower incentives on American vehicles are helping Honda Motor Co. weather the global semiconductor shortage and COVID-19 pandemic, but the company says there may be some adjustments in store as inventories and supply return to…
Toyota again cuts full-year sales and production outlook as profits plunge
TOKYO – Microchip-challenged Toyota Motor Corp. again downgraded its global sales and production outlooks after operating profit tumbled 21 percent in the latest quarter with the semiconductor shortage and pandemic crimping output,…
No Tax Relaxations Unless It Manufactures in India, Says Govt to Tesla
New Delhi, February 8: The government on Tuesday questioned electric car company Tesla's business practices, of seeking tax breaks to use the Indian market to sell its products, but not wanting to set up…
New Volvo EV crossover will be built in South Carolina
Volvo's 2.3 million-square-foot assembly plant in Ridgeville, S.C., an hour northwest of Charleston, will be the first factory to build the automaker's next-generation battery-electric vehicles, Volvo Cars CEO Hakan Samuelsson told…
Lear says record backlog brings ‘extreme confidence’ after tough Q4
"It's been a tough 18 months," Scott said. "The only awards that are important are the awards that we get in backlog, profitable backlog. It gives me extreme confidence that we're doing all the right things, and we're going to have a great…
GM’s EV truck production plans will increase sixfold, report says
General Motors plans to increase production of electric trucks and Cadillac SUVs this year by more than six times the previously planned output, according to information shared with suppliers.
CEO Mary Barra told investors last week the…
Ambassador Bridge blockade between U.S. and Canada threatens automotive industry’s…
As the demonstrators occupy the road leading to the bridge, the CBSA is encouraging truck traffic to use the Bluewater Bridge in Sarnia, Ont., about 90 minutes north of the Windsor crossing.
But that will undoubtedly mean delays in…
GM’s EV truck production plans increase six-fold-sources
General Motors plans to increase production of electric trucks and Cadillac sport utility vehicles this year by more than six times the previously planned output, according to information shared with suppliers.
GM Chief Executive Mary…
Bridge blockade between U.S. and Canada threatens automotive industry’s ‘fragile supply…
As the demonstrators occupy the road leading to the bridge, the CBSA is encouraging truck traffic to use the Bluewater Bridge in Sarnia, Ont., about 90 minutes north of the Windsor crossing.
But that will undoubtedly mean delays in…
Tesla Planning To Launch Its Own In-Car App Store: Reports
Mumbai, February 8: Elon Musk-owned electric vehicle company Tesla is developing an App Store that would feature on the cars' touchscreen control panel, media reports say. Even as Musk backs Epic Games and calls…
New Volvo EV crossover will be built in S.C.
Volvo's 2.3 million-square-foot assembly plant in Ridgeville, S.C., an hour northwest of Charleston, will be the first factory to build the automaker's next-generation battery-electric vehicles, Volvo Cars CEO Hakan Samuelsson told…
Alfa Romeo Tonale crossover takes on BMW X1 in booming segment
Since the creation of Stellantis, Alfa Romeo has been using BMW as a benchmark, Alfa Romeo CEO Jean-Philippe Imparato told Automotive News Europe. The Tonale's main rival is the BMW X1, which also has gasoline, diesel and plug-in hybrid…
Volvo plans switch to Tesla technique to improve next-generation EVs
Sculptured design
Fermer, who returned to Volvo in 2018 after nearly three years working at Apple as a senior product design engineer, said that using megacasting will let Volvo "sculpture the design tighter around the chassis, powertrain…
Hyundai tries again to crack Japan with electric, high-tech, online strategy
TOKYO -- Hyundai Motor Co. is a global success from Bangalore to Baltimore, but there is one market right next door where the company's badge has long been missing: Japan.
The South Korean automaker pulled out of the market in 2009, after…
New Maruti Suzuki Baleno Bookings Now Open, India Launch Soon
Maruti Suzuki has started accepting the bookings for the 2022 Baleno in India. The carmaker is said to announce the pricing of the new Baleno on February 23. Interested customers can book their 2022 Baleno by paying…
Nissan doubles quarterly operating profit despite semiconductor shortage
TOKYO -- Nissan Motor Co.'s operating profit nearly doubled in the latest quarter as cost controls, better pricing power and lower incentives bolstered results despite the ongoing semiconductor crisis, prompting the automaker to lift its…
Hyundai Regrets Offense Caused to People of India After Backlash on Pakistan Distributor’s…
New Delhi, February 8: South Korean auto major Hyundai Motor Company on Tuesday regretted the offense caused to Indians by "unauthorised Kashmir-related social media posts" by its distributor in Pakistan and said…