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Browsing Category
auto
Hard to gauge the impact of a potential recession on the auto industry
While policymakers debate whether a U.S. recession is inevitable, the real question for many in the auto industry should be whether it's relevant.
It sounds preposterous on the face of it because for generations, the industry has been a…
BMW, BASF say new vehicle paints will be eco-friendly
It's clean, it's environmentally kind and it's utterly indistinguishable from ordinary car paint.
But sometimes a technological innovation just makes you blink.
BMW and the global coatings supplier BASF are partnering to create vehicle…
Ford, VW-Backed Argo AI Startup Lays Off 150 Employees
San Francisco: As recession fears grow, the US-based autonomous vehicle technology startup Agro AI, backed by Ford and Volkswagen, has laid off about 150 people and slowed the pace of hiring, making it the latest…
Volkswagen To Invest Over $20 Billion To Build Electric Vehicle Batteries
Berlin: German automaker Volkswagen will invest $20.38 billion to build electric vehicle (EV) batteries, creating 20,000 jobs and generating more than $20 billion in annual sales. Volkswagen broke the ground for its…
Chip shortage? Some industries now have too many
It's getting complicated for investors in semiconductor stocks, with last year's big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.
The COVID-19 pandemic spurred an…
VW eyes ‘big moves,’ attempting to boost digital offerings, software team
Volkswagen Group is planning major investments in China to employ “several thousand” software engineers and catch up with local rivals when it comes to equipping cars with the latest digital technology, CEO Herbert Diess said.
“It's…
Chip shortage? Some industries have too many
It's getting complicated for investors in semiconductor stocks, with last year's big chip shortage morphing into an inventory glut for some companies, and others getting caught up in geopolitics.
The Covid-19 pandemic spurred an…
VinFast partners with ProLogium on solid-state EV batteries
Vietnamese automaker VinFast, which expects to launch two electric vehicles in the U.S. market this year, is partnering with Taiwanese battery startup ProLogium Technology on solid-state EV batteries for delivery as early as 2024, VinFast…
Slow progress made on microchip shortage as delivery times fall in June
Susquehanna said that leading or predictive company-specific data show contractions in lead times for the second month in a row, with some declines of as much as 45 percent. Some of the largest declines were for microcontroller units, or…
Rivian ramps up deliveries to 4,467 EVs in Q2
Rivian Automotive Inc. said on Wednesday it delivered 4,467 vehicles in the second quarter, a sequential rise of nearly four times, as a ramp-up in production and red-hot demand helped the startup electric-vehicle maker.
Shares of the…
VW, Skoda ending output at Russian plant, union says
MOSCOW – Volkswagen Group will stop output in Nizhny Novgorod, Russia, where VW and Skoda cars were being assembled under contract with GAZ Group, a trade union said, citing the company's message to the plant's staff.
VW announced in March…
Ola Reportedly Plans To Lay Off Up to 500 Employees in Cost-Cutting Exercise
New Delhi: As Bhavish Aggarwal focuses his energies towards Ola Electric, the ride-hailing platform Ola is planning to lay off up to 500 employees across departments as it aims to cut cost and streamline operations…
New EV training center at UM gets $130 million from state
The project's existence came to light Friday following Michigan lawmakers' approval of a $77 billion budget that included $1 billion in earmarks. The largest appropriation – $130 million – was made for the new EV training center.
The…
Ola Electric, Okinawa & Others Asked To Show Cause Notices by Centre After EV Fire Incidents
New Delhi: Alarmed at the unabated EV fire incidents, the Centre has now sent show cause notices to EV manufacturers like Ola Electric, Okinawa Autotech and Pure EV, among others, warning them why a penal action…
Tesla Cars Can Now Scan for Potholes To Avoid Damage: Report
San Francisco: Electric vehicle company Tesla has confirmed that its vehicles can now scan for rough roads, like potholes, to help avoid them damaging the vehicles by adjusting the suspension. In a new 2022.20…
Andhra Pradesh: PM Narendra Modi Gets Unusual Gift From CM YS Jagan Mohan Reddy
Bhimavaram, July 4: Andhra Pradesh Chief Minister Y.S Jagan Mohan Reddy on Monday presented an unusual gift to Prime Minister Narendra Modi at the launch of the 125th birth anniversary celebrations of revolutionary…
EV standoff like TV standoff when sets went from black and white to color
TO THE EDITOR:
The subject of electric vehicles is mesmerizing. Omari Gardner's "I was going to wait to get an EV, but the time to switch is now" (autonews.com, June 18) brought to mind what happened during the advent of color TV. The…
Tesla reportedly tracks workers’ office attendance, says Business Insider
Tesla Inc. has begun tracking how often its employees show up at the office after CEO Elon Musk said he was no longer allowing widespread remote work.
Business Insider reported last week that the automaker was sending emails to employees…
GM cancels plan to sell India assembly plant to Great Wall
NEW DELHI/SHANGHAI - General Motors said on Friday it had called off the sale of a shuttered Indian plant to China's Great Wall Motor after it failed to obtain regulatory approvals, amid a tougher stance by New Delhi towards investments…
Lamborghini to spend at least $1.8B in path toward electrification, report says
MILAN -- Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a plug-in hybrid lineup by 2024 and more to bring out its full-electric model by the end of the decade, CEO Stephan Winkelmann told Il Sole 24 Ore…
Intelligence Report: EV targets for 2030
Automakers are overturning their product plans to move ahead on electric vehicles. But some wonder — will it be enough to satisfy environmental regulators?
Volvo adding Slovakian plant to underpin EV shift
Volvo Cars will invest 1.2 billion euros ($1.25 billion) to build a new manufacturing plant in Kosice, Slovakia, capable of making 250,000 electric vehicles a year, the automaker said on Friday.
Volvo aims to be an electric-only brand by…
Toyota Urban Cruiser Hyryder Mid-Size SUV Unveiled in India, Bookings Open
New Delhi: Toyota Kirloskar Motor (TKM) on Friday forayed into the highly competitive mid-size SUV segment with the unveiling of its latest model -- Urban Cruiser Hyryder. The model, which is expected to debut in…
BMW Group Will Adopt Google’s Android Automotive OS for Future Vehicles
New Delhi: Leading automaker BMW Group has announced it will adopt the Google Android Automotive operating platform (OS) for future vehicles. The different software platforms enable the infotainment system to be…
Ford’s goal: Build 2 million EVs globally by 2026
Ford Motor Co. expects to become the No. 2 producer of electric vehicles by the end of 2023, behind only Tesla Inc., on the strength of a lineup that includes the Mustang Mach-E and F-150 Lightning. The automaker technically holds that…
2023 Electric Vehicle Race
Automakers are overturning their product plans to move ahead on electric vehicles. But some wonder — will it be enough to satisfy environmental regulators?
Hyundai, Kia, Genesis investing big for electric transition
Meanwhile, Kia debuted its EV6 compact crossover and the second generation of its Niro EV this year. Kia will begin production of a midsize crossover called the EV9 in fall 2023, which will be the first three-row EV aside from Tesla's…
Bentley readies ‘revolutionary’ car manufacturing
The idea of cars leapfrogging one another along the production line isn't new in the world of small-scale UK specialist car manufacturing.
However, that mainly involves bodies mounted on wheeled "dollies" and pushed by employees to the…
VW CEO Diess: German economy needs China
BERLIN -- Inflation would spiral even further in Germany if it were not for business with China, Volkswagen Group CEO Herbert Diess said in an interview with the weekly Spiegel.
"Germany would look completely different" if it turned away…
VW ID Aero flagship electric sedan targets China, U.S. and Europe
Volkswagen's new ID Aero full-electric sedan will be built in Germany and China, and will also be sold in the U.S., the automaker said.
VW showed a near-production concept of the midsize sedan in China this week, ahead of a planned sales…