Monday, October 31, 2022

Chevrolet dealership employee accused of giving herself unauthorized bonuses

Ariel Rutenbeck, 32, was charged with grand theft for allegedly altering Dimmitt Chevrolet's payroll, giving herself $28,000 in unauthorized bonuses.



from Section Page News - Automotive News https://ift.tt/I1SzjVF

Parks Automotive Group buys Acura, Audi and BMW dealerships

Parks Automotive Group in September bought three luxury dealerships as it entered a new market.



from Section Page News - Automotive News https://ift.tt/MkdgWKN

Stellantis offering buyouts

Stellantis said it has offered voluntary buyouts to some of its 13,000 U.S. salaried employees.



from Section Page News - Automotive News https://ift.tt/Kyj86p9

Increased vehicle production not enough to put Gentex Q3 in black

Automotive mirror supplier Gentex said Friday that supply chain challenges led to lower third-quarter profits, but also touted a sales increase compared with 2021.



from Section Page News - Automotive News https://ift.tt/N3KHtsj

Mazda finally ready to unveil new midterm plan, tweak EV strategy

Mazda's updated mid-term plan comes as the automaker races to recoup lost production from earlier in the year and tilts output toward higher-margin crossovers for the key U.S. market.



from Section Page News - Automotive News https://ift.tt/uhYs4o2

Sunday, October 30, 2022

‘Great reassessment' will require car dealers to rethink recruiting strategies

Adam Robinson, CEO of Hireology, said job seekers are most looking for schedule flexibility, career growth opportunities and fulfilling work.



from Section Page News - Automotive News https://ift.tt/SQ3l8zR

Saturday, October 29, 2022

Silicon EV battery tech gets $250 million in DOE grants

The Department of Energy grants are designed to help spur innovation in developing silicon-based battery technology for electric vehicles.



from Section Page News - Automotive News https://ift.tt/c80OqSU

A GM jolt: Ukrainian embassy goes electric

The automaker donated a Chevy Bolt to the country's embassy in Washington as its latest contribution to help since the country has been under attack by Russia.



from Section Page News - Automotive News https://ift.tt/Ny6lQtW

Friday, October 28, 2022

A GM jolt: Ukrainian embassy goes electric

The automaker donated a Chevy Bolt to the country's embassy in Washington as its latest contribution to help since the country has been under attack by Russia.



from Section Page News - Automotive News https://ift.tt/8SGJvxe

Derek Jeter steps up to the plate in 2023 Jeep Grand Wagoneer ad campaign

"Eyes Wide Open" is a multiyear, multiplatform campaign featuring retired New York Yankees shortstop Derek Jeter and his wife, Hannah, touting the attributes of the Jeep Grand Wagoneer large SUV. The first one-minute commercial will air tonight during Game 1 of the World Series.



from Section Page News - Automotive News https://ift.tt/FcUTw2l

GM halts paid advertising on Twitter

GM said late Friday it had temporarily halted paid advertising on Twitter after Elon Musk completed his takeover.



from Section Page News - Automotive News https://ift.tt/m9cqz8w

Argo AI to lay off 173 in Michigan as autonomous car startup folds

Argo AI Inc. will lay off 173 employees in Michigan after its main backers Ford Motor Co. and Volkswagen decided to pull the plug on the autonomous vehicle technology startup.

The Pittsburgh-based company will make the job cuts in waves starting Tuesday, according to a notice to the state. Operations will cease by the end of the year.

An unspecified number of employees "may be offered employment with a new company," the WARN notice said.

Ford CEO Jim Farley said Wednesday during a call with investors that the automaker plans to hire "a couple hundred" employees from Argo AI. VW said previously it working with Argo AI to find opportunities for its employees.

Ford declined to provide more information Friday.

Employees expected to be transferred to a different company will have the option to remain on Argo's payroll until Dec. 31, the notice said. Another group will also assist in winding down operations.

"Many of the employees will receive an opportunity to continue work on automated driving technology with either Ford or Volkswagen, while employment for others will unfortunately come to an end," Argo said in a statement.

Argo AI, founded in 2016 by Michigan natives Bryan Salesky and Peter Rander, quickly became one of the most promising companies in the AV space. In 2017, Ford made a five-year, $1 billion investment in the company.

"We are incredibly grateful for the dedication of the Argo AI team, and so proud of our achievements together," Salesky and Rander said in a statement. "The team consistently delivered above and beyond, and we expect to see success for everyone in whatever comes next, including the opportunities presented by Ford and VW to continue their work on automated driving technology."

Ford and VW pulling their support, and Argo's inability to attract new investors, doomed the company and casts a shadow on the future of self-driving cars.

"Profitable, fully autonomous vehicles at scale are a long way off and we won't necessarily have to create that technology ourselves," Farley said in a statement.



from Section Page News - Automotive News https://ift.tt/oJ7idAg

Column: Ford aimed for the moon with AVs but found a black hole

Ford did something rather astounding last week. It stopped lighting money on fire in pursuit of a goal it had severely underestimated.



from Section Page News - Automotive News https://ift.tt/lITdFbs

Tesla recalls 24,000 Model 3s in U.S.

Tesla Inc is recalling 24,000 2017-2022 Model 3s in the U.S. over a seat belt issue.



from Section Page News - Automotive News https://ift.tt/J3Fbh4V

Thursday, October 27, 2022

Franchised dealerships equipped to evolve with changing auto retail model

Franchised dealers have the entrepreneurial skill and spirit to adapt their businesses to meet a changing industry, executives at two retail technology companies said at the Automotive News Retail Forum: Chicago event.



from Section Page News - Automotive News https://ift.tt/jWGNvF4

Tesla-inspired ATV for kids recalled over safety violations

The Tesla Cyberquad for Kids, made by Radio Flyer, failed to comply with federal mandatory safety standards, the Consumer Product Safety Commission, says.



from Section Page News - Automotive News https://ift.tt/FCu9rVt

Ford CEO: EV tax credits will be 'game changer' for commercial demand

Jim Farley says more than half of the company's commercial customers should be able to claim credits created by the recently signed Inflation Reduction Act startingin 2023.



from Section Page News - Automotive News https://ift.tt/QpguX7S

Sonic posts record Q3 revenue, net income

Sonic Automotive Inc. posted higher third-quarter net income and revenue despite sales declines at its EchoPark used-only stores and new-and used-vehicle sales on a same-store basis at its franchised dealerships.



from Section Page News - Automotive News https://ift.tt/bsfVlHN

U.S. dealership average pay surpasses $100K while turnover tumbles

Average industry turnover was 34 percent in 2021 — the lowest level in the 11-year history of the National Automobile Dealers Association's annual Dealership Workforce Study.



from Section Page News - Automotive News https://ift.tt/0T4vr1D

Lear plans $80 million EV parts plant

Lear Corp. will open an $80 million plant and create hundreds of jobs in Michigan after winning a program with General Motors Co. that marks its largest electric vehicle deal and investment to date, the supplier said Thursday.

The Southfield-based company struck a deal with the automaker to exclusively supply the battery disconnect unit on all full-size SUVs and trucks built on GM's Ultium EV platform through 2030, according to a news release.

Lear said it is "working with state and local officials on a plan" to open the plant. The specific location was not disclosed, nor has the amount of potential incentives being sought for the project.

Crain's Detroit Business inquired with Lear for more details.

CEO and President Ray Scott alluded to the plan in an interview with Crain's earlier this month when he said that a push to localize supply chain created a need for an E-Systems plant in Michigan. Last month, it launched a just-in-time seating plant in Detroit on the former Cadillac Stamping site, which will supply GM's Factory Zero on the Detroit-Hamtramck border.

Lear makes the bulk of its $19 billion annual revenue from supplying seats.

"Lear is developing innovative technologies that are driving the widespread adoption of electric vehicles," Scott said in the release. "This additional new business with GM was made possible by Lear's recognized value proposition in electrification that combines flexible manufacturing operations and advanced Industry 4.0 automation technologies with our vertically integrated capabilities."

Battery disconnect units are the interface between an EV's battery pack and electrical system. Suppliers are locked in a fierce competition to win contracts for content in electric cars, which for now appear to be the future of the industry and contain a fraction of the parts in a gas-powered car.

"… It is important to make this investment in our backyard," Scott said. "This facility will provide hundreds of highly skilled jobs to the state and will be our largest investment in an electrification-focused production site to date."



from Section Page News - Automotive News https://ift.tt/zpYtDyN

Wednesday, October 26, 2022

Ford, VW-backed Argo AI to shut down, report says

Argo employees were told that some of them would receive offers from the two automakers, TechCrunch said, adding that it was not clear how many employees would go to Ford, Volkswagen, or lose their jobs.



from Section Page News - Automotive News https://ift.tt/2FzCHdy

Early Polestar stores face a wait for volume model

U.S. deliveries of Polestar's anticipated Polestar 3 crossover are delayed until the fourth quarter of 2023, but the automaker isn't worried about the critical EV's late arrival.



from Section Page News - Automotive News https://ift.tt/hKLSpVY

Penske's Q3 net income slips despite record revenue

Penske Automotive Group Inc. posted lower net income in the third quarter, as used-vehicle sales dipped.



from Section Page News - Automotive News https://ift.tt/T7odyRb

Musk wants Washington to embrace the digital age

NHTSA is requiring the EV maker to send a recall notice for an issue Tesla already started fixing.



from Section Page News - Automotive News https://ift.tt/mhAakIu

Firm invests $70M into dealership group led by Jonathan Sobel

Franchise Equity Partners is officially in the auto dealership business following a $70 million investment into Jonathan Sobel-led Georgica Auto Holdings.



from Section Page News - Automotive News https://ift.tt/jso3VXk

Kia recalling 71,000 older U.S. Sportage vehicles for fire risks

Owners should park outside and away from structures or other vehicles until the recall is completed, according to Kia's filing with NHTSA.



from Section Page News - Automotive News https://ift.tt/heIKMPO

Mercedes quitting Russian market, selling shares to local investor

Mercedes will withdraw from the Russian market and sell the shares in its industrial and financial services subsidiaries to Avtodom, a local investor.



from Section Page News - Automotive News https://ift.tt/gPk37nt

Tuesday, October 25, 2022

EV maker Via Motors plots HQ move from Utah to Michigan

The company, chaired by longtime GM executive Bob Lutz, is planning to open a 100,000-square-foot office and R&D tech center with the help of a $2.5 million performance-based grant from the state of Michigan.



from Section Page News - Automotive News https://ift.tt/lTXeO4B

GM Financial Q3 earnings drop 16%

GM's captive financing arm sees earnings, revenue drop in third quarter.



from Section Page News - Automotive News https://ift.tt/ymkriE3

Bosch expands U.S. factory to produce more e-motors

Bosch said it has secured "additional electromobility business" that requires an expansion at its South Carolina plant, which began producing electric motors for the Rivian R1T pickup this month.



from Section Page News - Automotive News https://ift.tt/DxBlSOy

U.S. autonomous vehicle group picks ex-Senate aide as director

U.S. lawmakers have been divided for years over how to amend current auto safety regulations to encompass self-driving cars, including the scope of consumer and legal protections.



from Section Page News - Automotive News https://ift.tt/1aG7rx5

Bosch expands U.S. factory to produce more e-motors

Bosch said it has secured "additional electromobility business" that requires an expansion at its South Carolina plant, which began producing electric motors for the Rivian R1T pickup this month.



from Section Page News - Automotive News https://ift.tt/M10WFnD

GM Q3 net income jumps 37% on record revenue

Net income soared to $3.3 billion as improved truck production and rising prices pushed the automaker's North American profit up 83 percent.



from Section Page News - Automotive News https://ift.tt/VShBm52

New-look 2023 Toyota Crown returns to U.S. after 50 years — in modest quantities

Toyota executives said they expect to sell 20,000 2023 Toyota Crown sedans in the U.S. as the brand brings back the nameplate after a 50 year absence. The fastback-shaped sedan goes on sale in November in U.S. dealerships.



from Section Page News - Automotive News https://ift.tt/rj6ciKN

Kia the latest automaker to mull exiting Russia

The automaker would join VW, Toyota, Renault, Nissan, Hyundai and Mazda that have or are considering winding down their exposure in Russia after its invasion of Ukraine in late February.



from Section Page News - Automotive News https://ift.tt/4YW9SVj

Monday, October 24, 2022

South Korea's battery fires are a worry for EV makers

A major blaze in South Korea that knocked out a wide range of key digital services for days snarled banking, ride-sharing and online deliveries — and is reigniting safety concerns in a nation that's a huge supplier of lithium-ion cells used in electric vehicles.



from Section Page News - Automotive News https://ift.tt/By9XMqU

EV maker Mullen taps ex-GM executive John Schwegman

Mullen Automotive has tapped former GM exec John Schwegman to be the electric vehicle maker's chief commercial officer.



from Section Page News - Automotive News https://ift.tt/KgVjmil

A Tesla factory in Mexico? Elon Musk meets with Nuevo Leon state officials, reports say

Photographers spotted Tesla CEO Elon Musk in northern Mexico meeting with economic officials. Local media suggested Musk could be looking for plant space or meeting with suppliers.



from Section Page News - Automotive News https://ift.tt/R7k4rCx

Toyota scrambles for EV reboot with eye on Tesla

A working group within Toyota has been charged with outlining plans by early next year for improvements to its existing EV platform or for a new architecture, four sources told Reuters.



from Section Page News - Automotive News https://ift.tt/HjvJKWU

Tesla cuts China prices by up to 9% as analysts warn of 'price war'

The price cuts also follows Tesla CEO Elon Musk's comment last week that "a recession of sorts" was under way in China and Europe, and Tesla said it would miss its vehicle delivery target this year.



from Section Page News - Automotive News https://ift.tt/kRNDWLy

Arizona dealership group gets green light to pursue suit over raid by state AG

A federal judge in Phoenix has given the green light to Mark Enterprises to pursue a lawsuit against state attorney general agents after a raid in October 2019.



from Section Page News - Automotive News https://ift.tt/QB4NR5n

The auto industry's $75B bet on autonomy is not paying off

This has spelled disaster for Aurora Innovation, TuSimple Holdings and Embark Technology, whose shares have each plunged at least 80 percent this year.



from Section Page News - Automotive News https://ift.tt/p2NEf1J

GM, Ford poised to report Q3 earnings to a skeptical Wall Street

Wall Street suspects both companies could fall short of their 2022 forecasts, or underperform next year, with consumer demand dented by rising interest rates, higher oil prices and global economic slowdowns.



from Section Page News - Automotive News https://ift.tt/u01PWno

Hyundai Q3 earnings drop amid rising prices, supply chain disruption

Operating profit was down 3.4 percent from a year earlier, while net income dropped 5.1 percent.



from Section Page News - Automotive News https://ift.tt/oNblZSR

Sunday, October 23, 2022

Former NHTSA chief Cliff: Return to CARB ‘irresistible'

Steven Cliff had been acting administrator of NHTSA since February 2021, confirmed by the U.S. Senate in May 2022 as its 16th administrator. In August — less than three months after the Senate confirmation — the California Air Resources Board announced Cliff's departure from NHTSA to run the state agency.



from Section Page News - Automotive News https://ift.tt/Plc9mih

Saturday, October 22, 2022

Ouster's new lidar series doubles range of its previous sensors

Ouster's REV7 sensors have a maximum range of more than 400 yards that allows the detection of objects up to a quarter-mile away.



from Section Page News - Automotive News https://ift.tt/wENHYuo

Kia cuts price of redesigned, top-end Niro EV trim

The second generation of Kia's Niro EV goes on sale this month in all 50 states, and the top-end Wave trim will cost $45,745, $200 less than its predecessor.



from Section Page News - Automotive News https://ift.tt/7ql23Dp

Startup Wejo aims to reduce traffic deaths with data

The British startup says its data can make roads safer, travel more efficient and automakers less isolated.



from Section Page News - Automotive News https://ift.tt/IE4ClHM

Friday, October 21, 2022

How a VW dealership’s competitions boosted alignment, tire sales

Onion Creek Volkswagen boosted sales of alignments and tires by establishing a process that all service advisers follow and by holding competitions. Commissions, bonuses and other spiffs are up for grabs each month.



from Section Page News - Automotive News https://ift.tt/eudLb5V

AN hones focus on 3 areas with newsroom reorg

Automotive News has made some promotions and changes to its editorial team to better support the publication’s coverage areas — the making, selling and thinking that goes into the business of personal transportation.



from Section Page News - Automotive News https://ift.tt/ElkUcpV

LinkedIn Live talk from the Automotive News Retail Forum

Join us on LinkedIn at noon Eastern on Oct. 27 for a live talk with Mark LaNeve, chairman of the auto dealership vertical at Franchise Equity Partners and former top sales and marketing executive at both General Motors and Ford Motor Co.



from Section Page News - Automotive News https://ift.tt/kVO5cyT

CATL slows battery investment plan for U.S., Mexico-sources

Chinese battery giant CATL has slowed its planning for investment in battery plants in North America on concern that new U.S. rules on sourcing battery materials will drive costs higher, two people with knowledge of the matter said.



from Section Page News - Automotive News https://ift.tt/0QuLvPn

Biden administration considers security reviews for Musk deals

Biden administration officials are discussing whether the U.S. should subject some of Elon Musk's ventures to national security reviews, including the deal for Twitter.



from Section Page News - Automotive News https://ift.tt/TRxmq80

Elon Musk: Teslas won't be approved as fully self driving this year

Tesla's advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel.



from Section Page News - Automotive News https://ift.tt/wntOo8z

Toyota to cut full-year production target on chip shortage

The automaker said it expects to lower its global production schedule amid global supply chain upheaval.



from Section Page News - Automotive News https://ift.tt/xjMbSPD

Toyota to cut full-year production target on chips crunch

The automaker said it expects to lower its global production schedule amid global supply chain upheaval.



from Section Page News - Automotive News https://ift.tt/P6gLVDF

Thursday, October 20, 2022

NHTSA reports 10 fatal crashes involving assisted-driving tech in June-September

The agency's data show 16 fatal crashes involving vehicles with Level 2 ADAS systems have been reported since it ordered vehicle, equipment and software manufacturers to report them in mid-2021.



from Section Page News - Automotive News https://ift.tt/0cOLzMh

Musk: Teslas won't be approved as fully self driving this year

Tesla's advanced driver assistant software will not gain regulatory approval in 2022, Chief Executive Elon Musk said, signaling the company is not yet able to satisfy authorities that its cars can be driven without someone behind the wheel.



from Section Page News - Automotive News https://ift.tt/IUxW98n

Baxter Auto sells 4 Stellantis dealerships in unique deal

Baxter Auto Group sold four Stellantis dealerships to Edwards Auto Group, which kept two of the stores. Edwards Auto sold two dealerships to two different auto retailers.



from Section Page News - Automotive News https://ift.tt/h3lVRWu

Brembo sets up venture capital arm

Brembo Ventures will invest in startups globally, focusing on artificial intelligence, big data, sensors, mechatronics, energy efficiency and sustainability.



from Section Page News - Automotive News https://ift.tt/hpLnyiv

Porsche is still looking to enter F1

Porsche is still in discussions about a partnership in Formula 1 racing after discussions with championship leaders Red Bull broke down.



from Section Page News - Automotive News https://ift.tt/1s9jkzN

Wednesday, October 19, 2022

GM is considering a midsize Hummer

GM is considering adding an electric midsized pickup to its Hummer lineup according to people familiar with the matter.



from Section Page News - Automotive News https://ift.tt/mhZlq75

Tesla CEO Musk: Demand not a problem despite economic headwinds

Tesla CEO Elon Musk told analysts the automakers will deliver every vehicle its factories can build.



from Section Page News - Automotive News https://ift.tt/DXlkQry

Tesla Q3 earnings reflect possible softening demand

Tesla reported lower than expected third quarter revenue, as the EV maker delivered fewer vehicles than expected.



from Section Page News - Automotive News https://ift.tt/47HQlPz

Jennifer LaClair steps down as Ally Financial CFO

Ally Financial Corporate Treasurer Bradley Brown will serve as interim chief financial officer.



from Section Page News - Automotive News https://ift.tt/fBp3bvt

GM is considering a midsized Hummer

GM is considering adding an electric midsized pickup to its Hummer lineup according to people familiar with the matter.



from Section Page News - Automotive News https://ift.tt/kFhWVHs

Ally Q3 auto finance applications down, but total value steady

Ally Financial said it was lending to or receiving auto finance referrals from 2,570 more car dealerships during the third quarter compared with a year earlier.



from Section Page News - Automotive News https://ift.tt/mQikFId

Waymo's autonomous taxi service is coming to L.A.

Waymo, Alphabet Inc.'s driverless-vehicle unit, plans to expand its robo-taxi service to Los Angeles, the third region where it will be offered.



from Section Page News - Automotive News https://ift.tt/7LbvwFn

Lithia Motors' Q3 net income rises as revenue hits record

Lithia Motors Inc., which continued its dealership network expansion in the third quarter, posted vehicle sales increases and record revenue.



from Section Page News - Automotive News https://ift.tt/WikAyTJ

Uber’s new ad formats use its first-party data to target riders

Uber's new ad format is the first release under its unified ads division.



from Section Page News - Automotive News https://ift.tt/e4FkVQW

Porsche 911 gets a touring variant

Porsche is adding a touring variant to the 911 lineup. The 2023 911 Carrera T, where the T stands for "touring," will slot between the 911 Carrera and 911 Carrera S.
It adopts the twin-turbo six-cylinder engine from the 911 Carrera that generates 379 hp and 331 pound-feet of torque.
The 911 Carrera T comes standard as a two-seater with a seven-speed manual transmission. Rear seats and an eight-speed dual-clutch automatic transmission (PDK) are available as no-cost options.
The 911 T has a top track speed of 181 mph and can sprint from 0 to 60 mph in 4.3 seconds.
With the PDK, that time dips to 3.8 seconds.
The 2023 911 Carrera T will reach dealerships by spring, priced from $118,050, including destination.



from Section Page News - Automotive News https://ift.tt/b1qwCSx

Passport Automotive settles FTC suit over illegal fees, discrimination for $3.38 million

Passport Automotive agreed to pay $3.38 million to settle a Federal Trade Commission lawsuit filed against the dealership group for charging illegal fees and discriminating against Black and Latino customers. The dealer group denies it discriminated.



from Section Page News - Automotive News https://ift.tt/Y0USCqZ

GM’s plant in South Korea to boost capacity to 500,000 vehicles a year

The Changwon plant, which will build GM’s so-called next-generation vehicles including an all-new Chevrolet crossover, is currently being remodeled and expanded as part of a plan that kicked off last year.



from Section Page News - Automotive News https://ift.tt/TpOtAxC

Hyundai pressures U.S. to ease EV tax credit rule that penalizes foreign automakers

Depending on how the Biden administration chooses to interpret the law, the rule could leave Hyundai and some other foreign automakers at a disadvantage against EV makers eligible for the credit.



from Section Page News - Automotive News https://ift.tt/6AfGugR

Tuesday, October 18, 2022

NADA picks Gary Gilchrist as likely 2024 chairman

Gary Gilchrist, president of Gilchrist Chevrolet-Buick-GMC in Tacoma, Wash., was elected 2023 vice chairman during the association's board meeting Tuesday. This puts him in line to be chairman in 2024.



from Section Page News - Automotive News https://ift.tt/qbNaK4i

Intel slashes Mobileye IPO valuation down to $16 billion

The self-driving unit of Intel said in a regulatory filing it is offering 41 million shares of common stock priced between $18 and $20 per share.



from Section Page News - Automotive News https://ift.tt/q6S4DXZ

Tesla faces questions on recession, EV credits, Cybertruck

Tesla Inc. CEO Elon Musk continues to spar on Twitter over Ukraine and nuclear war while analysts and investors seek guidance on vehicle demand and future product



from Section Page News - Automotive News https://ift.tt/HVPxwEg

Fisker speeds up search for U.S. assembly plant to win tax credits

Henrik Fisker: “I am looking at bringing Ocean (SUV) production over to the U.S., and we are looking at some opportunities to produce as early as 2024."



from Section Page News - Automotive News https://ift.tt/XlHdcYI

Hyundai, Kia plan to take combined $2 billion hit for Q3

The automakers said the provisions were needed because of engine recalls and more recent changes, such as longer lifecycles for used vehicles and lower scrap rates caused by a chip shortage, and an underestimate of engine improvements.

 



from Section Page News - Automotive News https://ift.tt/ds0BaSL

Monday, October 17, 2022

Cadillac Celestiq is a new car and a new way of doing business

The Cadillac Celestiq EV, with a big price tag and an ultra-exclusive customer experience to match, represents the future direction of the brand.



from Section Page News - Automotive News https://ift.tt/SH0vJb9

Can this small Michigan town handle a huge EV battery plant?

Some question whether a city of about 8,000 has the ready-made automotive workforce to support a plant expected to employ up to 2,350 people.



from Section Page News - Automotive News https://ift.tt/gV5T0dn

Jeep toughens electric Avenger with rugged look

The production version of the Jeep Avenger 4x4 Concept will mark the first time engineers have applied electric motors to create all-wheel-drive capability.



from Section Page News - Automotive News https://ift.tt/qHbfDxS

BMW to shift electric Mini's UK production to China

BMW will build Mini electric hatchbacks and a small SUV in China through its partnership with Great Wall Motor.



from Section Page News - Automotive News https://ift.tt/n2elJVB

VinFast recalls a third of its sold EVs to replace sensors

VinFast will recall 730 of its model VF e34 EVs, which are available only on the domestic market, to make checks and replace their side crash sensors.



from Section Page News - Automotive News https://ift.tt/6KgPLF4

Jeep Avenger to give brand big sales boost in Europe

The Avenger is the brand's first full-electric model, although it will be sold with combustion engines in some European markets.



from Section Page News - Automotive News https://ift.tt/UVvLGBW

VinFast returns to Paris show with new confidence but plenty still to prove

The Vietnamese automaker is rapidly transforming into an electric-only brand with four EVs on display at the Paris auto show.



from Section Page News - Automotive News https://ift.tt/qdgyVPY

Sunday, October 16, 2022

Hyundai group, Ford chip away at Tesla lead

Hyundai's EV registrations more than doubled and Kia's more than quadrupled. Ford's also more than doubled, but it still slipped to third place.



from Section Page News - Automotive News https://ift.tt/IHWMT6n

Mercedes EQE crossover ready for U.S. production launch

The EQE crossover will be the second made-in-America Mercedes electric crossover. Output begins this year at Mercedes' plant in Vance, Ala. — one of seven EV production sites on three continents.



from Section Page News - Automotive News https://ift.tt/E9z3pLJ

U.S. vehicle inventories at highest point since June 2021

Inventory and days supply levels continued to recover in September from their record lows earlier this year as a slower selling rate allowed automakers to regrow some dealer stocks.



from Section Page News - Automotive News https://ift.tt/RT96V2q

Friday, October 14, 2022

Point Predictive, CreditMiner tech helps dealers combat fraud

Point Predictive said auto dealerships have reported more fraudulent borrowers — and being forced by lenders to buy back the ensuing loans.



from Section Page News - Automotive News https://ift.tt/P5Q62CM

N.Y. dealer finds commercial niche

Mackey Auto Group, which formed in 2019, turned part of a former FedEx warehouse into a commercial vehicle service center. The ability to work on commercial fleets and large vehicles has quickly become an important part of the group's business.



from Section Page News - Automotive News https://ift.tt/gpZqXdz

Nikola founder convicted of fraud

Nikola founder Trevor Milton was convicted by a U.S. jury of fraud in a case alleging he lied to investors about the EV company's technology.



from Section Page News - Automotive News https://ift.tt/zfxds4L

Honda's U.S. dealers want to be part of Sony Honda venture

A new joint venture formed by Sony Group and Honda plans to introduce a premium EV and the automaker's U.S. dealers are anxious to be part of the sales process.



from Section Page News - Automotive News https://ift.tt/s869PAv

Column: As CEO of the automaker to the world, Toyoda has no time for BS

No BS: Akio Toyoda on his brother Bob, 200 countries of customers and carbon reduction.



from Section Page News - Automotive News https://ift.tt/PDT5LyG

Ford says top Lincoln dealers face $900,000 bill to sell EVs

Lincoln stores that want to sell EVs will need to invest more than four times as much as Cadillac is asking its retailers to spend, mainly to cover the cost of installing chargers for public use and service needs.



from Section Page News - Automotive News https://ift.tt/4mU9CY7

Tesla's vegan leather supplier bets material will be used everywhere

For Ultrafabrics, supplying seating material to the likes of Tesla, United Airlines and furniture makers isn't just good for the environment, it's a potentially lucrative, though challenging, business.



from Section Page News - Automotive News https://ift.tt/YNpe2sC

Renault and Nissan get closer to power imbalance resolution

Renault and Nissan need one another to remain relevant in the electric age -- but first they must fixed a power imbalance that Nissan believes is unfair.



from Section Page News - Automotive News https://ift.tt/zt2g0Au

Thursday, October 13, 2022

Stellantis unit to pay $5.6 million to resolve California emissions probe

The unit will pay a $2.8 million civil penalty and $2.8 million to bring more electric school buses to schools in the South Coast Air Basin.



from Section Page News - Automotive News https://ift.tt/IiXKqjA

BMW, Amazon Web Services collaborate on vehicle data software

Amazon Web Services Inc. will collaborate with the BMW Group to create cloud software to deliver and manage data generated by connected vehicles.

Called Neue Klasse, the software is designed to aggregate vehicle data from multiple sources to expedite development of features and enhance software life cycle management. The software will also provide after-sale vehicle and driver-personalization features via over-the-air updates, Amazon said.

Neue Klasse, which serves as a foundation for BMW's future cloud-based vehicle data platform, collects data from individual vehicles and from fleets before processing it in the AWS cloud.

Most automakers have for years understood the value of data to their business, said Alex Oyler, director automotive technology research and consulting firm at SBD Automotive.

"But practical challenges in the collection and distribution of this data in a safe, secure and compliant manner presented economic and logistical challenges that have been difficult to overcome," Oyler said.

The availability of automotive-specific cloud services and the advent of in-vehicle data processing technologies make it possible for automakers like BMW to capitalize on vehicle data assets, he said.

The software automatically collects vehicle data in real time, examines the health of the source and manages access to the data to meet governance policies, AWS said. It uses AWS security protocols and process the data according to privacy requirements and individual client preferences.

AWS processing capabilities such as analytics, machine learning, and computing allow BMW Group to use the data to develop new vehicle features and applications. Only specialists in BMW Group divisions such as data science, artificial intelligence, business intelligence and vehicle application development will have access to the data, AWS said.

Neue Klasse will process around three times the vehicle data compared to the current generation of connected BMW vehicles, said Nicolai Krämer, vice president of Vehicle Connectivity Platforms for BMW Group.

"Rapid, data-fueled innovation is critical to unlocking next-generation vehicle capabilities for automotive organizations," said Sarah Cooper, general manager of AWS Industry Products in a statement.

BMW will be the first to deploy the software. It will be offered to other automakers to add features such as electric vehicle range enhancements and machine learning for autonomous operation throughout the vehicle life cycle, AWS said.



from Section Page News - Automotive News https://ift.tt/MJwLKjs

BMW, AirConsole partner for gaming on the go

The partnership, announced earlier this week, aims to make games playable directly through the legacy automaker's infotainment displays.



from Section Page News - Automotive News https://ift.tt/9fDCcnK

Pohanka Automotive buys Ford, Kia and Stellantis dealerships

Pohanka Automotive Group, led by NADA Vice Chairman Geoffrey Pohanka, acquired Ford, Kia and Stellantis dealerships in August.



from Section Page News - Automotive News https://ift.tt/w5gctPm

Honda, LG Ohio investments to receive $71 million state tax credit

The companies plan to invest $3.5 billion and create 2,200 jobs in central Ohio, but said the overall investment is projected to reach $4.4 billion.



from Section Page News - Automotive News https://ift.tt/WLE5aQS

Carvana asks Michigan consumers to sign petition following license suspension

Carvana launched a petition asking for support from Michigan consumers after the company's license to operate in the state was suspended last week.



from Section Page News - Automotive News https://ift.tt/WSQMXVe

Honda, Sony to build new EV in N. America

The rollout plan prioritizes North America in 2026, with deliveries to Japan following and a European launch still under consideration.



from Section Page News - Automotive News https://ift.tt/GZOr9Xm

Wednesday, October 12, 2022

How do auto suppliers gain leverage in renegotiating contracts? Bankruptcy

With hopes of achieving better contract terms, more automotive suppliers are resorting to bankruptcy — or at least threatening it — in what has become in some cases a high-stakes game of chicken with customers.



from Section Page News - Automotive News https://ift.tt/E9PxBlo

EVCS launches flat-rate EV charging subscriptions

West Coast charging network operator EVCS is looking to simplify powering electric vehicles by offering a choice of monthly subscription plans.

The move marks a departure from the way such networks typically operate. Most require a low monthly fee and charge an additional amount per kWh used.

"It really is a minefield across the various networks, be it time of day rates, location-based variances and hidden fees," Kirk Johnson, chief growth officer at EVCS, said Monday. "We're trying to cut through all that with a very simplified, predictable monthly fee."

The Los Angeles company now offers three subscription tiers for its West Coast network of close to 700 Level 2 or Level 3 public chargers. A Level 2 charger can top off an EV battery from empty in 4-10 hours. A Level 3 charger can fill a battery to 80 percent in 20 minutes to an hour depending on the charger and the network.

While clear-cut pricing is important, charging speed, availability and charger maintenance are also critical factors, said Mike Ramsey, a Gartner automotive and smart mobility analyst.

That has become a pain point for EV drivers who often encounter a shortage of public chargers or find them inoperable. Additionally, about a third of new-vehicle shoppers lack access to home charging.

"Pricing is one thing," he said. "But if [charger operators] can't guarantee availability and speed it won't matter what they charge."

EVCS' base Standard Anytime plan costs $49.99 a month and provides up to 200 kWh of charging, after which users pay $0.29 per kWh. EVCS said this plan is geared toward those who drive fewer than 1,150 miles per month and charge about seven times during the period.

The Unlimited Off-Peak Pro tier costs $99.99 a month and includes unlimited charging from 10 p.m. to 6 a.m. Outside those hours, subscribers are charged $0.29 per kWh. The company said this plan is best for those who drive more than 1,150 miles a month.

The top Unlimited Anytime Pro Plan is $199.99 per month. It's designed for long-distance commuters and gig workers who drive for ride-hailing or delivery companies and need 24/7 access to fast charging.

"These prices are quite low and very attractive – if the chargers are fast and work as advertised," Ramsey said.

Prices vary by location

While other networks don't offer flat-rate charging, they do provide discounts with memberships. Prices vary by location.

EVGo has three monthly subscriptions. In the Los Angeles area, the Basic plan costs $0.99 a month for a $0.34 per kWh rate. This is the same as the company's pay-as-you-go rate but avoids a $0.99 session fee charged each time an EV is connected.

EVGo Plus costs $6.99 a month and has a $0.25 per kWH rate, while the Plus Max plan is $12.99 a month for $0.22 per kWh, both without a session fee. In Michigan, the monthly subscriptions are the same, but the per-kWh rates are $0.32 for Basic, $0.28 for Plus and $0.32 for Plus Max.

Electrify America charges $0.43 per kWh to guest users and Pass members who sign up to use the company's app. A $4-a-month Pass+ membership drops the rate to $0.31 per kWh.

Electrify America, a Volkswagen Group of America subsidiary established in 2016 to offset emissions in the wake of Volkswagen Group's diesel-emissions scandal, occasionally offers free charging. Several automakers also provide free charging for a certain period as part an EV purchase. Tesla has its own DC Supercharger network and has offered incentive to owners.

The EVCS network
EVCS has 149 locations and 672 chargers in California, Oregon and Washington. Its network includes 431 Level 2 chargers and 241 Level 3 DC fast chargers. It plans to have more than 700 DC fast chargers operating by the end of 2023 across 88 cities.

EVCS focuses on the West Coast because it accounts for more than 50 percent of U.S. EV ownership. California alone comprises almost 40 percent of EV ownership nationwide, according to the U.S. Department of Energy.

With its subscription model, EVCS hopes to solve a pain point for EV owners over public charging pricing, particularly for high-mileage EV drivers, Johnson said. That includes those using EVs for ride-hailing and delivery gig work.

"That's one of the main customer segments we want to address with our new Pro plans," Johnson said.



from Section Page News - Automotive News https://ift.tt/I2FTav6

New Kia Niro costs more, gives more for 2nd generation

The 2023 Kia Niro goes on sale this fall with a hybrid, plug-in hybrid or battery-electric powertrain.



from Section Page News - Automotive News https://ift.tt/jZnPvsl

Tesla Semi deliveries coming this year, but details are fuzzy

Tesla says it is going to start delivering Semi trucks Dec. 1, five years five years after Elon Musk started taking orders for them. The first ones are going to PepsiCo but from there details are fuzzy.



from Section Page News - Automotive News https://ift.tt/IgxsWkw

Mercedes will use Microsoft Cloud on supply chain data platform

Mercedes will use Microsoft Cloud for a data platform to improve production efficiency at its passenger car plants globally.



from Section Page News - Automotive News https://ift.tt/KRgdpia

Hyundai will spend $12.6 billion to dive into software-defined vehicles

Hyundai Motor Group joins Volkswagen, Toyota and GM in creating new operating systems to run the software-centered cars of tomorrow.



from Section Page News - Automotive News https://ift.tt/kCQqhJd

Tuesday, October 11, 2022

BMW M2 footprint, power grow for 2023

The rear-wheel-drive M2, one of the most celebrated and revered nameplates in BMW's lineup, is getting a bigger footprint and power boost to enhance its driving dynamics.



from Section Page News - Automotive News https://ift.tt/Fbzp5u1

Tesla crushes U.S. competition in Q3 luxury deliveries

Overall premium-brand sales rose 7.1 percent while the broader industry's sales flatlined.



from Section Page News - Automotive News https://ift.tt/G9IBe6L

Stellantis circular economy unit is part of the Dare Forward 2030 strategic plan

The automaker is expanding its circular economy business unit as part of an effort to reach carbon net-zero status by 2038.



from Section Page News - Automotive News https://ift.tt/WxBFhwG

Honda, LG to build $3.5B battery plant in Ohio; Honda will retool 3 existing plants nearby

Honda’s new EV battery plant with joint venture partner LG in central Ohio will create a hub with its three existing plants for electric vehicles and their components.



from Section Page News - Automotive News https://ift.tt/8oSEJK2

Plastics supplier for GM, Ford files for bankruptcy in Mich.

The bankruptcy filing is the result of a half-dozen years of financial issues for the company, which supplies plastic parts, such as interior door handles, for automakers such as GM and Ford.



from Section Page News - Automotive News https://ift.tt/0aqbBER

Nissan takes $687M loss selling Russian business for 1 euro

The exit mirrors a move by its alliance partner Renault, which sold its majority stake in Russian automaker AvtoVAZ to a Russian investor in May.



from Section Page News - Automotive News https://ift.tt/5hZ24v6

Monday, October 10, 2022

EV battery maker CATL sees up to 200 percent jump in profit

Contemporary Amperex Technology Co Ltd. expects its net income to surge to as much as $1.4 billion in the third quarter as the biggest maker of EV batteries benefits from strong sales.



from Section Page News - Automotive News https://ift.tt/nOrXzi7

Rivian shares slip 7.3% after recall announcement

The startup EV maker is recalling 13,000 vehicles for a minor repair. The recall includes nearly all of the vehicles it has delivered.



from Section Page News - Automotive News https://ift.tt/8v1jbJt

Is Rivian recall a speed bump or massive pothole that will swallow it?

For a company already in "show-me" territory when it comes to production, the uphill climb of a startup automaker just got steeper.



from Section Page News - Automotive News https://ift.tt/wXRjkPy

Shift Technologies receives delisting warning from Nasdaq

The Nasdaq stock exchange told online used-vehicle retailer Shift Technologies Inc. it could be removed from the exchange if the company's stock price continues to remain below $1 per share.

Shift received the delisting warning from the Nasdaq's listing qualifications department on Oct. 4. The department informed Shift its stock price had stayed below $1 for 30 consecutive days, a violation of the exchange's listing rules, according to a document Shift filed last week with the U.S. Securities and Exchange Commission.

Shift has 180 days from the date of the Oct. 4 notice — or until April 3, 2023 — to raise its share price. It could face the delisting process if it doesn't, according to the filing.

Automotive News has reached out to Shift for comment.

Shift shares fell 6 percent to 60 cents in midday trading. That is down more than 95 percent from its all-time high closing price of $13.98 on Sept. 1, 2020.

The San Francisco-based company recorded a $109.2 million loss through the first half of 2022 as consumer confidence waned and used-market pressures flared up. In its second-quarter earnings statement, Shift said it would revise its business plan to focus on its West Coast presence and position itself as a retailer of budget-friendly used vehicles. That will put the company on track for long-term profitability, Shift President Jeff Clementz told Automotive News in late August.

Shift also announced in August its plan to combine with CarLotz, a used-vehicle consignment company, in a stock-for-stock merger it estimates will give the combined entity a better cash position. The two companies said they expect that transaction to close in the fourth quarter, pending shareholder and regulatory approvals.



from Section Page News - Automotive News https://ift.tt/RHakTfe

Nissan sees a chance to reshape its alliance with Renault by backing new EV business

Nissan sees Renault's reorganization to change an ownership imbalance that has been a source of friction between the automakers for years.



from Section Page News - Automotive News https://ift.tt/CkrdDep

Rivian shares plunge after recall announcement

The startup EV maker is recalling 13,000 vehicles for a minor repair. The recall includes nearly all of the vehicles it has delivered.



from Section Page News - Automotive News https://ift.tt/HkBq7zE

Tesla, with Shanghai plant upgrade, sets record for China-made EV sales

Tesla delivered 83,135 China-made electric vehicles in September, smashing its monthly record.



from Section Page News - Automotive News https://ift.tt/UkeYML5

Renault could agree to cut $6 billion Nissan stake

Renault's plan to split its electric-car and combustion-engine assets, potentially involving China's Geely, has led to tensions in the French-Japanese alliance.



from Section Page News - Automotive News https://ift.tt/znTNZ49

Renault could agree to cutting $6 billion Nissan stake

Renault's plan to split its electric-car and combustion-engine assets, potentially involving China's Geely, has led to tensions in the French-Japanese alliance.



from Section Page News - Automotive News https://ift.tt/bkc9jBJ

Sunday, October 9, 2022

How Bentley salvaged a disaster after 189 cars sank to the bottom of the sea

Bespoke luxury automaker Bentley had an unusually high number of vehicles aboard the doomed car carrier when it caught fire in February. It finally delivered the last replacements to waiting customers last month, brand officials said.



from Section Page News - Automotive News https://ift.tt/TYztS0V

The latest numbers on the microchip shortage: Cuts continue, but production 'clawing' back

New estimates show that 94,000 more vehicles were removed from automakers’ production schedules at assembly plants worldwide.



from Section Page News - Automotive News https://ift.tt/MWaDnfR

Renault could agree to cutting Nissan stake, report says

Renault's plan to split its electric-car and combustion-engine assets, potentially involving China's Geely, has led to tensions in the French-Japanese alliance.



from Section Page News - Automotive News https://ift.tt/OuALtPZ

Saturday, October 8, 2022

University with GM roots opens $63 million learning center in Michigan

Kettering University's Learning Commons is a four-story, 105,000-square-foot multiuse building designed for collaboration across its disciplines, which include manufacturing, engineering and more.



from Section Page News - Automotive News https://ift.tt/4Ov5Zts

Friday, October 7, 2022

Volvo edges ahead of Freightliner with EV big rigs

Demand is accelerating, Volvo says. However, infrastructure and brand loyalty are roadblocks.



from Section Page News - Automotive News https://ift.tt/s2SOd1U

Carvana's license at Michigan store suspended over multiple violations

In another setback for the used-vehicle retailer, already under probabtion, a Michigan investigation cited Carvana for repeated violations covering titles, registrations and odometers.



from Section Page News - Automotive News https://ift.tt/3ePDhQT

September wholesale used-vehicle prices continue slide

Cox Automotive reported prices were 0.1 percent lower in September than the same time last year when the index stood at 204.8. It's the first time since May 2020 wholesale values declined year-over-year.



from Section Page News - Automotive News https://ift.tt/EpWChGA

Stellantis plant in Detroit hit with 6th air quality violation in a year

Stellantis has been hit with another odor violation at its Detroit Assembly Complex on Mack Avenue, marking the sixth time in a year that state regulators have flagged the Jeep plant for air pollution.

The assembly and paint complex on the city's east side was cited Tuesday for "nuisance odors" recorded by inspectors Sept. 30, according to the violation notice from the Michigan Department of Environment, Great Lakes and Energy.

"During the investigation … (Air Quality Division) staff observed persistent and objectionable paint/solvent and chemical odors of moderate intensity (Level 3) impacting residential areas downwind of the facility," the notice said.

According to investigators, the odors were of "sufficient intensity, duration, and frequency" to constitute an "unreasonable interference with the comfortable enjoyment of life and property."

Stellantis said it is investigating the incident.

"Stellantis has been implementing corrective actions related to our Mack Assembly Plant as submitted to EGLE earlier this year," spokeswoman Jodi Tinson told Crain's in an email. "We are investigating this recent incident and will work with EGLE to address this issue in a timely manner."

The violation is the sixth issued to the automaker since September 2021. The plant launched production of the Jeep Grand Cherokee L in March of that year after investing $1.6 billion to convert two old plants comprising the Mack Avenue Engine Complex.

The latest violation comes close on the heels of the automaker and state reaching a tentative agreement on penalties for the air pollution, which calls for a $62,863 fine and a pair of community enhancements. More importantly, the agreement would allow Stellantis to install a regenerative thermal oxidizer, which it has said will eliminate the odor problem.

Before the enforcement action is finalized, a public hearing will take place Oct. 19, and a comment period will continue through Nov. 2. Residents near the plant have said the proposed penalties are not enough.



from Section Page News - Automotive News https://ift.tt/5aDMcuo

Toyota, Ford, GM, VW and Hyundai dealerships sold in 4 states

Four dealership groups expanded through five transactions involving Toyota, Buick-GMC, Volkswagen, Hyundai and Ford dealerships across California, Texas, Indiana and Michigan.



from Section Page News - Automotive News https://ift.tt/bf6N8tm

First U.S. cobalt mine opens after more than 30-year hiatus

Booming demand for batteries powering the world’s shift into EVs is rekindling US cobalt production after at least a 30-year hiatus. 



from Section Page News - Automotive News https://ift.tt/FsNow1U

NADA sets guidelines for brand relations in retail evolution

From electric vehicles to digital retail and over-the-air updates, auto dealers are facing a lot of change. Here’s how NADA would like to see brands work with their retail partners.



from Section Page News - Automotive News https://ift.tt/khXdDsc

Musk says Tesla will deliver Semi trucks to Pepsi five years after unveiling

The carmaker will hand over Semis to PepsiCo on Dec. 1, Musk tweeted Thursday. The food and beverage giant has reserved 100 of the trucks and expects to deploy an initial 15 by the end of the year.



from Section Page News - Automotive News https://ift.tt/LJSqDcz

Thursday, October 6, 2022

De Nysschen retires from VW after 30 years in auto industry

Johan de Nysschen, who previously worked for Audi, Infiniti and Cadillac, framed his departure from VW as a retirement from the auto industry and a chance to "truly relax."



from Section Page News - Automotive News https://ift.tt/0ekmFzY

GM hit with $103 million U.S. jury verdict in engine flaw class action

GM said in a statement that it did not believe the verdict was supported by the evidence and planned to appeal.



from Section Page News - Automotive News https://ift.tt/IfeiXNm

Honda Prologue rollout to get retail assist from new CR-V hybrid

Honda's first EV, the Prologue crossover, won't arrive until 2024. But in preparation, the automaker will use the new CR-V hybrid to hold onto EV-minded customers until the brand has one to offer.



from Section Page News - Automotive News https://ift.tt/rnRyi97

2024 GMC Sierra HD updated with new luxury trims

GM's truck brand aims to solidify its position as the top seller of pickups priced at $75,000 and up.



from Section Page News - Automotive News https://ift.tt/5bchzve

2023 Toyota Highlander to swap out V-6 for less-polluting I-4

The engine change will not impact Highlander's fuel efficiency but will result in an estimated 50 percent reduction in nitrogen oxides emissions and improved carbon dioxide emissions.



from Section Page News - Automotive News https://ift.tt/lUGp4Ix

Honda to cut car output at two Japanese plants in October

Two lines at Honda's Suzuka plant in western Japan will cut production by about 20 percent in October, while its assembly plant in Saitama prefecture, north of Tokyo, will lower production plans by about 40 percent for the month.



from Section Page News - Automotive News https://ift.tt/aM6Jche

Toyota finally finds fix to keep wheels on its new bZ4X EV crossover

Toyota started recalling the bZ4X in June, just two months after the EV went on sale. The callback also affected the Subaru Solterra, a rebadged version sold by Toyota’s partner.



from Section Page News - Automotive News https://ift.tt/B8bEMw7

Wednesday, October 5, 2022

Our Next Energy plans $1.6 billion EV battery cell plant in Michigan

Our Next Energy plans to spend $1.6 billion to turn a building in Van Buren Township, Mich., into a battery cell plant by 2024.



from Section Page News - Automotive News https://ift.tt/sdCoeAk

Michigan approves $715 million incentives package for Chinese firm's EV battery plant

Gotion is partially owned by Volkswagen Group. The automaker destined to get the batteries has not yet been disclosed.



from Section Page News - Automotive News https://ift.tt/3HJPgiU

As EV sales grow, battle over road weight limits heats up

If decades-old U.S. road weight limits are not increased, it could slow EV deliveries and increase costs, putting at risk this historic bet on zero-emission vehicles, advocates say. Highway safety experts disagree.



from Section Page News - Automotive News https://ift.tt/9MsAWNX

Bernie Moreno sells last dealership, looks to acquire again

Former U.S. Senate candidate-hopeful Bernie Moreno sold his last dealership in August in Florida. But he's looking to acquire again.



from Section Page News - Automotive News https://ift.tt/PhmOZLQ

Dennis & Co. Auto buys Stellantis and Infiniti dealerships

Dennis & Co. Auto Group in August bought a dealership that had been slated to be purchased by LMP Automotive Holdings Inc. and another store from Bernie Moreno.



from Section Page News - Automotive News https://ift.tt/NrmQeRt

Volvo-Geely engine unit urges automakers to pool combustion tech

Bundling non-electric assets would help to improve hybrid-combustion technology and add scale to save costs, said Michael Fleiss, CEO of the Swedish branch of Aurobay, a joint venture of Volvo Cars and Zhejiang Geely Holding.



from Section Page News - Automotive News https://ift.tt/PKMlGah

Tuesday, October 4, 2022

China EV tech seen as critical, but tax breaks raise questions for Michigan

President Joe Biden says restoring manufacturing in the U.S. is key to beating China in the EV arms race. Michigan over the last few weeks still approved tens of millions of dollars in incentives for Chinese-owned auto suppliers.



from Section Page News - Automotive News https://ift.tt/0khIJHD

Musk proposes to buy Twitter for original price of $54.20 a share

Musk’s latest proposal to match the original deal terms means Twitter is facing a future under the leadership of a mercurial billionaire who has spent months publicly criticizing its management and questioning its value.



from Section Page News - Automotive News https://ift.tt/OnRWXlU

Sixt to buy 100,000 EVs for Europe from BYD

The deal is a boost for BYD, which seeking to establish a foothold selling electric vehicles in European markets including Germany.



from Section Page News - Automotive News https://ift.tt/ZVgTP24

Tesla could face its toughest challenge yet as economy cools

Analysts see early signs of caution for the world's most valuable car maker, including for its increasingly premium pricing, at a time when the global economy is slowing.



from Section Page News - Automotive News https://ift.tt/QzIj0Bc

Kremlin welcomes Elon Musk proposal for Ukraine settlement denounced by Kyiv

In a Twitter poll posted on Monday, the Tesla boss proposed Ukraine permanently cede Crimea to Russia, that new referendums be held under U.N. auspices to determine the fate of Russian-controlled territory.



from Section Page News - Automotive News https://ift.tt/W1ibnPE

GM adds former Tesla, Lyft exec to board

Jon McNeill, 55, was Tesla's president of global sales, delivery and service from 2015 to 2018.



from Section Page News - Automotive News https://ift.tt/tpmK3Zb

Monday, October 3, 2022

Tesla's logistical challenges overshadow record deliveries

The EV maker said "it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost," but some analysts were also concerned about demand for high-ticket items due to the weakening global economy.



from Section Page News - Automotive News https://ift.tt/GWdC7Bh

Saturday, October 1, 2022

Volvo teams with Costco Auto Program on used-vehicle sales

The partnership on CPO incentives is a first for the Costco Auto Program.



from Section Page News - Automotive News https://ift.tt/gK64z1y

Kia, Genesis post higher September sales

Monthly U.S. auto sales have been stuck at around 1.1 million deliveries since August 2021 as automakers and dealers grapple with tight inventories and supply chain problems, notably a shortage of microchips.



from Section Page News - Automotive News https://ift.tt/ivJwLEg

Tesla's robot waves but can't walk, yet. Elon Musk plans to make millions of them

The eagerly awaited reveal of Tesla's prototype robots was part of what Musk has described as an effort to have the company seen as a leader in fields like artificial intelligence, not just a company that makes "cool cars."



from Section Page News - Automotive News https://ift.tt/0ipb8xG