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auto
Auto supplier Lear turns $175 million profit in Q2 but lowers full-year outlook
Lear Corp. swung to net income of $175 million in its second quarter despite a $1 billion sales hit from production and supply issues that are hurting the business more than executives had anticipated.
The Southfield-based automotive…
Nikola’s Milton turns to lawyers who defended Tesla’s Musk
Trevor Milton has more in common with Elon Musk than starting a prominent electric vehicle company named after inventor Nikola Tesla. He’s now hired the same lawyers to defend him.
Brad Bondi and Terence Healy represented Musk when the…
Tesla To Reportedly Supply Full Energy Ecosystem for Luxury Homes
San Francisco: Electric vehicle maker Tesla is going to supply its full energy ecosystem with solar, batteries and EV chargers, to new homes in a new luxury community being built in Florida. According to the…
Vehicle sales slip 14% in July, trade group estimates
China’s new-vehicle market is expected to shrink for the third straight month in July as the semiconductor chip crunch continues to constrain vehicle production.
New-vehicle sales across the country fell nearly 14 percent last month to…
Baldi named CEO of Lamborghini’s U.S. operations
Lamborghini has appointed a veteran executive as the new CEO of Automobili Lamborghini America, the company's biggest market.
Andrea Baldi, 45, who has been with Lamborghini since 2010, most recently as director of the brand's…
2021 Honda Amaze Bookings Now Open; India Launch Scheduled for August 18, 2021
New Delhi: Honda Cars India Ltd (HCIL) on Wednesday said it has commenced bookings for the new version of its compact sedan Amaze. With the model slated to debut on August 18, the company has initiated pre-bookings…
2021 Honda Amaze Facelift Production Begins, To Be Launched in India on August 18, 2021
Honda Cars India is all geared up to launch the 2021 Amaze facelift in India on August 18, 2021. Ahead of its launch, the company has started teasing the new Amaze facelift on its official social media platforms.…
Chinese tariffs could spur more U.S. manufacturing
TRAVERSE CITY, Mich. — Rising political tensions with China mean that tariffs originally imposed by the Trump administration will likely stick around for the foreseeable future. "I don't see the Biden administration removing tariffs on…
Automakers to join Biden for rollout of emissions cuts and EV sales goal
The announcement, which will be attended by representatives of some Detroit automakers, is expected include a commitment from auto manufacturers to target at least 40 percent of sales as electric vehicles by 2030, according to two of the…
BorgWarner beats second quarter profit estimates, lifts 2021 forecast despite supply headwinds
The supplier attributed the increases to economic recovery from the COVID-19 pandemic as well as its acquisition of Delphi Technologies in October. However, continued supply chain disruptions, such as the global microchip shortage, and…
Honda swings to operating profit on COVID rebound
"Honda has brand name, good residual value, high market share. Why isn’t it making more profit?" Takaki Nakanishi, an analyst at Nakanishi Research Institute, said prior to Wednesday's results. "It's all about inefficiencies."
GM tie-up…
Tata Tiago NRG Facelift Launched in India Starting at Rs 6.57 Lakh; Check Prices, Features &…
Tata Motors, the Indian carmaker has officially launched the 2021 Tiago NRG facelift today in the country with prices starting at Rs 6.57 lakh (ex-showroom, Delhi). The new Tiago NRG is based on the Tiago facelift…
Toyota posts record profit despite pandemic, chip woes
TOKYO -- Toyota Motor Corp. blasted past the global pandemic and microchip shortage to achieve record operating profit in the latest quarter on robust sales and cost control as it managed to keep the product pipeline pumping, despite…
BMW posts strong Q2 earnings but warns on microchip shortage
BMW raised its profit forecast for 2021 after strong quarterly results, but warned that the global semiconductor shortage and rising raw materials prices would impact its performance in the second half.
Net profit for the second quarter…
Jeep maker Stellantis raises 2021 profit margin target after solid first-half financial results
The group's EBIT margin was 11.4 percent, more than double the low end of the range forecast in March.
North America was the company's standout region in the first half, bolstered by the Jeep SUV and Ram truck brands. Net revenue rose 42…
China regulator targets auto chip distributors with price-gouging probe
SHANGHAI -- China's regulatory agency is launching an investigation into chip distributors in the auto industry, it said on Tuesday, citing suspicions of price gouging.
The action by the State Administration for Market Regulation is the…
Ola Electric Scooter India Launch Set for August 15, 2021
Ola Electric scooter is all set to be launched in India on August 15, 2021. This piece of information has been confirmed by Ola Electric CEO Bhavish Aggarwal on its official Twitter account. Aggarwal has announced…
Subaru returns to profit in latest quarter on brisk U.S. sales
TOKYO – Subaru swung back to profitability in the latest quarter on the back of booming sales in the recovering U.S. market, the Japanese automaker’s traditional earnings engine.
Subaru Corp. booked operating profit of 29.5 billion yen…
Hyundai Motor Ranked First in Hydrogen Cars Sales, Surpassing Toyota
Seoul, August 3: Hyundai Motor overtook Toyota and regained its number 1 position in hydrogen electric vehicle sales.
According to SNE Research on the 2nd, Hyundai Motor sold 4,700 hydrogen electronic vehicles to…
U.S. Senate bill seeks to require vehicle tech that prevents drunken driving
WASHINGTON -- A $1 trillion infrastructure bill under debate by the U.S. Senate includes a provision that directs U.S. regulators to mandate a passive technology to prevent intoxicated drivers from starting vehicles and avert more than…
Tesla’s India plans dealt blow as minister rules out tax cut
Tesla is seeking to make inroads into Asia’s third-largest economy, where electric vehicles account for less than 1 percent of annual car sales, compared with about 5 percent in China. The sparse charging infrastructure and expensive cost…
Chip Shortages Send Automotive Dealerships to F&I School
The automotive industry has faced its share of challenges over the past year, beginning with the coronavirus pandemic that forced thousands of dealerships to briefly close their doors.
Now they face a worldwide…
Toyota downsizes engines, adds tech on next-gen Land Cruiser
The lighter platform allows for a lower center of gravity and a better front-rear weight distribution. The new suspension also delivers better driving dynamics on-road and off. Up front, the Land Cruiser gets a high-mount double-wishbone…
Ferrari triples Q2 profit before outsider CEO takes helm
MILAN -- Ferrari maintained stable profitability before the supercar maker installs an executive little known within the auto industry to raise the company's game in electrification and software.
Adjusted earnings before interest, taxes,…
Toyota taps robots to speed up parts orders
"We've used automation in our manufacturing plants for a very long time, but we really haven't delved too deeply into automation on our warehousing side before," said Mike Schober, vice president of parts supply chain operations for Toyota…
Auto Expo 2022 Postponed Due to COVID-19 Pandemic: Report
New Delhi: The country's leading automobile show, the Auto Expo, which was scheduled to take place in February next year at Greater Noida, has been postponed due to the COVID-19 situation and apprehensions of a…
How McLaren got its Speedtail to 250 mph
Building a car that can reach 250 mph in wind tunnel simulations is one thing. Hitting that number when the rubber meets the road is quite another.To prove the Speedtail's performance, McLaren turned to Indianapolis 500 winner and McLaren…
Evtric Axis, Evtric Ride Electric Scooters Launched; Priced in India at Rs 64,994
Pune: Automotive start-up EVTRIC Motors on Monday launched its first electric scooters in the slow-speed category -- EVTRIC AXIS and EVTRIC RIDE -- for Rs 64,994 and Rs 67,996, respectively. The company said that…
How Toyota moved ahead of schedule on staffing
Many of those new employees have more than a decade of experience in vital fields such as cloud-based services, Kuffner noted, and nearly a quarter of the newcomers have doctoral degrees in mission-critical areas such as machine learning…
Lemons Rally impromptu stunt calls for return of the Saturn
Die-hard fans of Saturn's plastic body panels and no-haggle pricing descended on Detroit last month to demand that General Motors revive the defunct brand, according to one local TV station. But the supposed protest was actually an…