Ford targets fleet buyers with EVs and extras

The company is spending $11.5 billion electrifying its vehicle lineup, but it isn't aiming to be the next Tesla. It wants to be the next Peloton.

from Section Page News - Automotive News https://ift.tt/34Np1at

Toyota's 'engineers' sandbox' for serious business of AV testing

At the Toyota Research Institute's Automated Vehicle Test Facility, near Toledo, Ohio, engineers work in the safety of an isolated test environment to develop tomorrow's automated driving technology.

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

COVID-19 brings out worst — and best — reviews

As the pandemic rages on, retailers often find themselves in conflict with consumers who expect more social distancing and mask-wearing or who resent being told to follow protocols. The tension has caused some of the most negative — and positive — online reviews and social media posts that reputation experts have seen.

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

CarLotz's go-public goal: Streamline sales

CarLotz is the latest online used-vehicle outlet to go public in the past few months, following Vroom and Shift. How will it differentiate itself? "We are consolidating all the middlemen into one middleman."

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

Lordstown's challenge: Starting deliveries of Endurance EV pickup in a year

With just 50 engineers, one drivable truck and 40,000 preorders, cash-flush Lordstown Motors will not only need every single thing to go right to launch its EV truck next year, it'll also need some luck.

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

Tesla lockouts expose cloud drawbacks

As automakers seek to make their vehicles more connected, a network outage proves there are still some wrinkles to iron out.

from Section Page News - Automotive News https://ift.tt/3mCXX3B

GM lands Delta exec as next CFO

Paul Jacobson will become GM's next finance chief on Dec. 1 after eight years as CFO of Delta. He will be the first CFO from outside the company in a decade.

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

Former Fair CEO Scott Painter to launch subscription services provider NextCar

Painter said his new venture will not be a consumer-facing subscription provider but rather offer services to subscription providers.

from Section Page News - Automotive News https://ift.tt/3ea6J6h

GM taps Delta exec as next CFO

Paul Jacobson will become GM's next finance chief on Dec. 1 after eight years as CFO of Delta. He will be the first CFO from outside the company in a decade.

from Section Page News - Automotive News https://ift.tt/35PMjLT

Auto executives, business leaders to propose modernized transport policies

The Future of Mobility Commission plans to propose a new regulatory framework to address a global transportation sector "on the cusp of a worldwide transition driven by shared, connected, autonomous, and electric technologies."

from Section Page News - Automotive News https://ift.tt/34HxifW

Lear swings to strong Q3 earnings as industry catches up to demand

Lear's improvement in sales is hinged on increased market share, considering global production for Lear declined 3 percent during the quarter compared with a year earlier.

from Section Page News - Automotive News https://ift.tt/3e8rtLI

Coronavirus dings American Axle Q3 sales by $87 million

Despite sales being down as a result of COVID-19's impact on the supply chain, American Axle reported net income and adjusted free cash flow growth in the third quarter.

from Section Page News - Automotive News https://ift.tt/34JlB8G

Waymo provides trove of new safety information

Waymo and other industry experts say the report is the first of its kind in terms of the breadth of detailed safety information provided, and it could set a benchmark for the entire industry.

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

Daimler invests in lidar startup Luminar to bolster self-driving truck effort

The announcement comes just days after the German company struck a deal with Alphabet Inc.'s Waymo to use its driverless technology on heavy trucks.

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

Carvana shrinks net loss, reports first operating profit

Top-line growth at the online used-vehicle retailer, like its peers and competitors, remained strong but below the pace of prior quarters, largely because of inventory shortages.

from Section Page News - Automotive News https://ift.tt/34HlES9

Ford eyes first-year sales of 100,000 vehicles with hands-free driving system

Ford's Active Drive Assist will be offered first on the redesigned F-150 pickup and the electric Mustang Mach-E, both of which go on sale later this year. But the feature will not be activated until the third quarter of 2021.

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

LG Chem wins shareholder approval to spin off battery business

Splitting out the unit that supplies batteries to Tesla and other automakers will cement the South Korean supplier's status as a key challenger to China’s Contemporary Amperex Technology Co. as global demand for electric vehicles rises.

from Section Page News - Automotive News https://ift.tt/35GhysI

Toyota to invest $500 million in KDDI to deepen ties for 'connected car'

After decades of focusing on making and selling cars, Toyota is increasingly turning to partners to help develop expensive new vehicle technologies as it tries to transform itself into a mobility services company.

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

Polestar looks to tap external funding, reports say

The automaker controlled by Volvo Cars and Zhejiang Geely Holding is in advanced talks with investors to raise $800 million to $900 million, according to Reuters, while Bloomberg reported that the figure is at least $500 million.

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

Fisker closes deal to go public via merger

The electric vehicle maker said the transaction will fund development of the Ocean SUV through the start of production in late 2022.

from Section Page News - Automotive News https://ift.tt/3e7hBla

Carvana shrinks net loss, gross profit per vehicle sold hits high

Top-line growth at the online used-vehicle retailer, like its peers and competitors, remained strong but below the pace of prior quarters, largely because of inventory shortages.

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

Continental CEO Degenhart to step down, citing health reasons

Degenhart is likely to be succeeded by the head of the supplier's automotive operations, Nikolai Setzer, Bloomberg reported, citing people familiar with the matter.

from Section Page News - Automotive News https://ift.tt/31UU9ms

Government agencies question FCC plan to shift auto spectrum to Wi-Fi

The Transportation and Treasury departments argue the spectrum shift could jeopardize safety and put the U.S. at a competitive disadvantage in vehicle connectivity and smart infrastructure.

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

Judge delays extradition of Ghosn escape plot suspects

Lawyers for the men sought the last-minute delay after the State Department approved handing them over to Japan, where they face charges of helping smuggle the former Nissan chairman out of the country.

from Section Page News - Automotive News https://ift.tt/3oGEX6j

BorgWarner's Q3 operating income, sales edge up

The supplier, which recently acquired Delphi Technologies, saw sales growth in its drivetrain business.

from Section Page News - Automotive News https://ift.tt/3mzjEl1