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Hyundai accelerates air taxi efforts, COO says

DETROIT -- Hyundai Motor Co. has accelerated efforts around developing air taxis and will offer services around those vehicles rather than just selling them, the South Korean automaker's COO told Reuters. Hyundai is ahead of the timetable…

3-row Jeep Grand Cherokee L on schedule

"Being in-market for the last three decades, and four prior generations all being dedicated to two-row SUVs, there will absolutely be a little bit of an education period," Tallon said. "We're seeing a lot of momentum building even ahead of…

Stop-start haters: Chip shortage has upside

It's a feature some consumers will actually be happy to go without.General Motors, as part of its effort to conserve limited supplies of microchips, is building many full-size pickups and SUVs without the automatic stop-start technology…

Huawei aims to develop self-driving tech by 2025

BEIJING -- China's Huawei Technologies aims to develop driverless-car technology by 2025, an executive said, as the world's largest telecommunications equipment maker diversifies its business in the face of U.S. sanctions. "Our team's goal…

VW expects chip shortage to ease in third quarter

BERLIN -- Volkswagen Group expects a shortage in semiconductor supply to ease in the third quarter but sees the bottlenecks continuing in the long term, a board member told Handelsblatt newspaper. "At the moment we have reached the lowest…

Ferrari turns to tech world for its new CEO

MILAN -- Ferrari has turned to a tech executive to navigate the transition towards electrification in the automotive industry, appointing Benedetto Vigna as its new boss. Vigna, a 52-year-old Italian national, currently leads the biggest…