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Li Auto expects lower Q3 sales due to chip crunch

Li Auto, citing supply-chain woes, revised down its target for third-quarter deliveries to around 24,500 vehicles from a previous estimate of between 25,000 and 26,000. The automaker's millimeter-wave radar supplier has seen its chip…

GM develops Ultium Drive system in-house

General Motors' upcoming generation of electric vehicles, powered by a new Ultium Drive three-motor system, will be designed in-house and will include integrated power electronics to reduce costs and manufacturing complexity while reducing…

Rivian ready to roll | Automotive News

Rivian produced its first customer vehicles last week at the former Mitsubishi plant in Normal, Ill. CEO RJ Scaringe tweeted photos of a blue R1T pickup coming off the assembly line after receiving regulatory approval from the EPA, NHTSA…

GM puts $50 million into Detroit

General Motors last week committed $50 million toward expanding access to education and employment opportunities for Detroiters and strengthening the city's neighborhoods."As the home of our headquarters for more than a century, Detroit…

Automakers roll out online buying options

Ford Motor Co.: Ford Express Buy (Ford brand)The one-stop system allows a customer to purchase a vehicle completely online in partnership with Ford Credit, although they can take the process offline into a physical dealership at any point.…

Hyundai promotes Jason Erb to chief legal officer

LOS ANGELES — Hyundai Motor North America has promoted longtime legal counsel Jason Erb to the position of chief legal officer and vice president.Effective Monday, Erb will oversee all matters across the region, including dealer franchise…