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Geely takes stake in Aston Martin

Zhejiang Geely Holding Group said it had taken a 7.6 percent stake in Aston Martin. The purchase is another move by Li Shufu, Geely's billionaire owner, to expand his automobile empire. Geely also owns Volvo and Lotus Cars and has a stake…

Toyota production rises in August as COVID eases

Toyota’s global output rose for the first time in five months in August, led by gains in overseas markets -- in particular Southeast Asia, where a COVID surge disrupted supply chains a year ago. The automaker made 766,683 vehicles in…

Toyota output rises in August as COVID eases

Toyota’s global output rose for the first time in five months in August, led by gains in overseas markets -- in particular Southeast Asia, where a COVID surge disrupted supply chains a year ago. The automaker made 766,683 vehicles in…

Porsche makes robust trading debut in landmark IPO

VW Group divided Porsche's share capital into equal parts voting and non-voting shares, with the German carmaker retaining 75 percent ownership. Some 12.5 percent of total share capital –- only non-voting shares –- is being publicly…

Mazda mulls Russia exit amid Ukraine war sanctions

TOKYO -- Mazda is discussing ending production of its vehicles at a joint venture plant in Vladivostok, eastern Russia. Mazda said its withdrawal is under discussion as it sees no path to restarting production in Russia, following reports…

Ford demonstrates how supply chain woes not over

Ford Motor Co.'s warning last week that its third-quarter earnings will be marred by higher-than-expected supplier costs and a lack of parts is the latest sign of the lingering supply chain woes plaguing the industry. The automaker said…

Tesla: Texas battery production trumps German plant

In a related move, Tesla now plans to construct a battery-grade lithium hydroxide refining operation in either Texas or in Louisiana, according to Reuters, citing an application filed with the Texas Comptroller's Office.The project would…

Continental invites worker ideas | Automotive News

These hybrid engineers are helping Continental develop its foray into intelligent intersections, an advanced safety concept of interwoven vehicle communications that uses data from buildings and other vehicles to be able to see what's…

Elon Musk eyes humanoid robot business

At Tesla's "AI Day" Friday, Sept. 30, Musk plans to unveil a prototype from its project Optimus, an allusion to the leader of the Autobots in the Transformers series. Production could start next year, he said. At the company's 2021 event,…

Ram considers midsize pickup again

DETROIT — It's been 11 years since Ram offered a midsize pickup, and it appears the brand is considering getting back into the segment. Before it makes a move, Ram wants dealers to get a look at its vision. Ram CEO Mike Koval Jr. said he's…

Vehicle production inches upward | Automotive News

North American vehicle production jumped 23 percent in August to 1.39 million, according to the Automotive News Research & Data Center. Monthly production has topped the year-earlier period for seven straight months, as chip supply has…