auto

While supplier issues were responsible for Lucid's slow manufacturing ramp initially, Rawlinson said, the startup was unable to accelerate production once those shortages eased. "As we attempted to push forward the rate, we found that our…

TOKYO – Toyota Motor Corp., coming off a year of record profits, shifted into reverse in the latest quarter as supply chain chaos and soaring costs slammed earnings. The sliding profits in the April-June quarter underscore the challenge…

TOKYO — Subaru profit bounded ahead 25 percent in the latest quarter as the Japanese carmaker recovered lost production, ramped up sales and cashed in on favorable exchanges rates.CFO Katsuyuki Mizuma brushed aside concern about a budding…

Seoul: Hyundai Motor and its affiliate Kia said on Wednesday their combined sales in the United States fell 11 per cent last month from a year earlier amid the prolonged global chip shortage. Hyundai, its…

San Francisco: A Jaguar I-Pace electric car caught fire while being charged at a garage in the US -- the fourth such battery fire in the I-Pace series (that costs upwards of Rs 1 crore), which is Jaguar's first and…

The industry is scrambling to make the historic transition from internal combustion vehicles to EVs. John Bozzella, CEO of the Alliance for Automotive Innovation, told the audience that automakers and suppliers are looking to spend $515…

The company's net income dropped to $69 million for the quarter, but sales outperformed global industry production and were up 7 percent from last year to $5.1 billion, according to its quarterly earnings report. Despite recession worries,…

While Rivian applauds the intention of the pending bill, “as currently drafted, this legislation will pull the rug out from consumers considering purchase of an American-made electric vehicle,” said Chen, whose company employs roughly…

Following the passage of the semiconductor bill by Congress last week, Gov. Gretchen Whitmer said Michigan hopes to become a hub for microchip manufacturers that supply the auto industry. Whitmer, in an interview Monday with Automotive…

But at the same time, analog chips are likely to increasingly come from China, Dziczek said. Analog chips, which control mechanical systems in a vehicle, are a technology that "not a lot of companies are investing in" at the moment, she…

SHANGHAI -- Chinese electric-car maker Nio plans to open its first overseas plant in September to make power products for the European market as it accelerates expansion abroad. The plant, in Pest, Hungary, will develop and manufacture…

Stellantis said it's investing $99 million at three plants to produce a new 1.4-liter turbocharged engine that has "flexibility for hybrid-electric vehicle applications." The automaker is making the investments at its Dundee Engine Complex…

Stroll has been striving to lift margins at Aston Martin and help it become more like rival Ferrari, bringing in former Ferrari top boss Amedeo Felisa as its company's CEO in May this year. The Formula One racing team owner expects to sell…

New Delhi: Hero Electric led the EV two-wheeler segment, selling 8,952 vehicles for the entire month, followed by Okinawa Autotech at 8,094 vehicles, the latest VAHAN data has revealed. Ather Energy sold just 1,279…

"New-vehicle prices surge, but there's no shortage of buyers," (autonews.com, June 19) shocked me. I thought 60 months on a loan was a lot until I saw the average loan was 70! The average payment is $648! How long do automakers think this…

Q: How much longer do you believe the global semiconductor shortage will last? A: You can't solve it this year. It's impossible. It will be better at the end of this year than now, but it can't be fully solved until beyond then. There will…

But at the same time, analog chips are likely to increasingly come from China, Dziczek said. Analog chips, which control mechanical systems in a vehicle, are a technology that "not a lot of companies are investing in" at the moment, she…

The tight labor market in the Southeast has already forced many international automakers to dramatically boost wages. Volkswagen, for example, said the starting wage at its Chattanooga Assembly complex is now $21.50 an hour — it was $14.50…

General Motors has lost nearly $5 billion since 2018 trying to build a robotaxi business in San Francisco, and now as the automaker's Cruise unit starts charging for rides, the losses are accelerating. GM said last week that it lost $500…

The 2023 F-150 Lightning Pro SSV will be the first U.S.-produced electric pickup designed for police work.

Henry Ford once said, "Don't find fault, find a remedy." As it turns out, the remedy found the automakers.With the onset of the global COVID-19 pandemic, 2 million units were cut from North American auto production in the spring of 2020,…

Fore! Hey, golf outings: Look out! I have to say, I'm a little worried about the industry's golf gatherings. No, it's not the end of the world: The fate of the auto industry or Detroit or humanity is not dependent on auto industry golf…

Curry and other leadership candidates backed by the Reuther caucus had wide support among most delegates and convention attendees, even after a recent report by the federal monitor that said they had refused to cooperate in ongoing ethics…

Word of a possible Porsche entry to Formula 1 has been percolating for years. Porsche executives teased a possible entry as far back as 2010. The decision to join was confirmed in April, when VW Group's supervisory board approved plans for…

Seoul: Hyundai Motor, South Korea's biggest carmaker, said on Friday it has named a new chief executive for its US operations amid the prolonged chip shortage. Hyundai has promoted Randy Parker to be CEO of Hyundai…

Specialty vehicle manufacturer Shyft Group Inc. saw decreases in both net income and revenue in the second quarter due to supply chain disruptions and inflationary pressures. Net income plunged 67 percent to $5.3 million, the company said…

VW Group, counting four CEOs since 2015, swapped out its leader after shortcomings in its software unit delayed important models like the full-electric version of the Porsche Macan crossover. Blume, a former Audi trainee with a strong…

For the month of June, Toyota booked record overseas output of 637,240 units, and a best-ever sales total of 750,450 vehicles. The totals include the Daihatsu minicar and Hino truck units. Meanwhile, June production in Japan slid 27…

The CEO’s candid comments offer an explanation for Stellantis’s announcement last week that it is pulling out of a 12-year manufacturing partnership with state-owned Guangzhou Automobile Group. The exit raises uncomfortable questions about…

With his experience, Taraborrelli becomes one of the most senior managers on Apple’s EV team and brings some exotic-car panache to the effort. The executive worked on Lamborghini models such as the Urus, Huracan and Aventador, in addition…