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Browsing Category
auto
Stellantis halts paid Twitter ads after Elon Musk takeover
DETROIT -- Stellantis said Monday it is pausing all paid advertising posts on Twitter as it waits to see what the platform will look like under the leadership of its new owner, Tesla Inc. CEO Elon Musk.
“We're pausing paid advertising…
Lordstown Motors losses grow; secures $170M investment from Foxconn
Lordstown Motors Corp. on Monday entered into a deal under which Foxconn Ventures, an affiliate of Foxconn, will invest up to $170 million in the electric vehicle maker, making the Taiwanese contract manufacturer its largest shareholder.…
On EV tax credits, automakers ask Treasury for clarity
WASHINGTON — Automakers are asking the U.S. Treasury Department for clarity on key provisions in the new tax credit for electric vehicles and urging as much flexibility as possible as they hurry to localize supply chains for EV batteries…
Pajarito Powder rides new-energy wave rising in New Mexico
Pajarito Powder is one of a handful of hydrogen-related businesses that have either grown from the national laboratory and university ecosystem within the state or found New Mexico an attractive place to set roots.
Economic development…
Toyota, Cummins invest in hydrogen-combustion engines
The companies that build those vehicles are eyeing the technology but also keeping a view of how regulations might develop for clean transportation."We are continuing to invest in the combustion engine, and we are looking to see if we can…
Ola Electric to Touch Production of 10 Lakh Units by November 2023
New Delhi, November 6: Ola Electric will touch cumulative production of 10 lakh units by November 2023, according to a new set of numbers shared by its founder and CEO Bhavish Aggarwal.
Earlier the company had said…
EV supply chain improvements need unity
The vitality of the U.S. auto industry hinges on two important sets of relationships: automakers and suppliers, and federal Republicans and Democrats.For more than a century, automaker and supplier purchasing decisions have been driven by…
Hyundai builds car-powered hotel with Ioniq 5
Hyundai created a Hyundai-powered hotel.
The automaker built a luxurious, off-grid cabin in the English countryside, about an hour from London, by plugging into a Hyundai Ioniq 5. Hotel Hyundai, which the company says is the world's first…
EV component costs rise, stalling push for parity
Heightened raw materials costs, supply chain difficulties and shortages of key materials have sent prices for electric vehicle components rising over the last two years.That has delayed the industry's quest to bring prices of EVs in line…
Automotive Congress events cover industry transformation
The auto industry is evolving at a rapid pace and connecting across adjacent businesses more than ever.
Our upcoming Automotive News Congress events in Los Angeles and Detroit are perfect opportunities to learn from — and network with — a…
GM supplier American Axle says it is not for sale
While denying talk of a sale, American Axle said it is considering "strategic opportunities that serve the best interest of the company."
"In the ordinary course of executing on our strategic plan, we continuously monitor market conditions…
Is American Axle for sale? Shares are soaring on speculation
American Axle & Manufacturing Holdings Inc., the Detroit-based maker of drivetrain components with longtime roots to General Motors, is attracting preliminary interest from suitors including Melrose Industries Plc, people familiar with…
Ford Louisville plant enters 2023 UAW talks without a plan
Forecasters say the case for closing the plant is thin. Ford hasn't shuttered a North American assembly plant since Twin Cities Assembly in St. Paul, Minn., closed in 2011. It was a delayed casualty of Ford's Way Forward restructuring plan…
Nio production hit by China’s COVID restrictions
Chinese electric-car maker Nio has fallen behind on both producing and delivering thousands of vehicles over the past month as COVID-19 restrictions disrupted output at its two factories, according to people familiar with the matter.…
Subaru competes with McDonald’s on wages amid U.S. inflation
Subaru sees worldwide wholesale volume zooming ahead 45 percent in the coming six months to 521,000 vehicles, driven by a 40 percent surge in the U.S. to 353,000 vehicles.
Subaru’s operating profit surged to 73.5 billion yen ($508.6…
Maruti Suzuki India Crosses 2.5 Crore Production Mark
New Delhi, November 2: Maruti Suzuki India (MSI) on Wednesday said it has crossed 2.5 crore cumulative production mark. MSI started production in December 1983 and crossed the 10-lakh production mark in March 1994.…
The front trunk is the EV’s most divisive feature
Bozi Tatarevic, a race-car mechanic and auto journalist, prefers an EV without a frunk. “I’m a tall person and you basically get more leg area and foot room,” he said. “And as a mechanic, I would much rather pop open the hood and have…
Lear Q3 earnings: Net income surges 440%
"The majority of the customers were of the mindset that these were more transitory and kind of wait-and-see on getting some of these things resolved, where I believe right now the majority of our customers are more in line with a general…
How VW is offloading its German car-sharing operation
Volkswagen Group is selling its WeShare car-sharing business to German startup Miles Mobility as the automaker retreats from what has largely been an unprofitable industry.
Miles will integrate WeShare’s 2,000 VW-branded electric vehicles…
Ola Electric Sales Reach 20,000 Units in October 2022
New Delhi, November 1: Ola Electric on Tuesday reported sales of 20,000 units in October 2022. The company, which sells electric scooters S1 Pro and S1, said it registered a strong performance during the festive…
Honda Cars India Report 18% Rise in Wholesales in October 2022
New Delhi, November 1: Honda Cars India on Tuesday reported a 18 per cent increase in domestic wholesales at 9,543 units in October. The company had dispatched 8,108 units in the domestic market in October last…
Toyota Kirloskar Motor Domestic Wholesales Rise by 6% at 13,143 Units in October 2022
New Delhi, November 1: Toyota Kirloskar Motor on Tuesday reported a 6 per cent increase in domestic wholesales at 13,143 units in October. The company had sold 12,440 units in the same month last year in the…
Nissan Motor India Wholesales Up by 45% to 10,011 Units in October 2022
New Delhi, November 1: Nissan Motor India on Tuesday said its total wholesales increased by 45 per cent to 10,011 units in October as compared to the same month last year. The company had dispatched a total of 6,917…
Renault-backed BeyonCa EV venture targets Audi, BMW in China with health monitoring features
BEIJING -- BeyonCa, a start-up founded by a group of former Volkswagen executives, plans to take on automakers including Audi and BMW in China from next year with a new premium electric vehicle, the GT Opus 1, which offers features such as…
Panasonic to start building Kansas battery plant next month
TOKYO - Japan's Panasonic Holdings Corp said on Monday it will start building its new battery plant in Kansas in November and aims to begin mass production by March 2025, targeting North America's fast-growing EV market.
The conglomerate's…
Geely to spin off and list Zeekr EV brand
SHANGHAI -- Geely Automobile plans to spin off its high-end Zeekr electric-vehicle brand and list the unit.
The terms of the proposed spin-off, including listing venue, offering size and price range for Zeekr have not been finalized, the…
Maruti Suzuki India Extends CNG Fuel Option to Vehicles Sold Under Nexa Retail Chain
New Delhi, October 31: Maruti Suzuki India on Monday said it is extending CNG fuel option to vehicles sold under premium retail chain Nexa as it targets nearly 75 per cent jump in sales of CNG vehicles at 4 lakh…
Microchip shortage: More car production cuts in 2023
Even three months ago, automaker and supplier executives were about evenly split in interviews with the press and in financial disclosures between those who were optimistic the crisis would ease in 2023 and those who thought it would…
2022 midterm elections: What’s at stake for auto industry
Here are the largest contributors to federal candidates, parties and outside groups by dollar amount. All donations occurred during the 2021-22 election cycle. The data was released Oct. 23 by the Federal Election Commission.1. National…
Farewell to Ford Fiesta | Automotive News
BERLIN — Ford will stop building the Fiesta small car in Cologne, Germany, by next summer, a year earlier than planned, marking the end of a famed nameplate that first appeared in 1976. When Fiesta output ends, production of Ford's new…