Major automakers are set to discuss next steps at a virtual meeting, which comes a week after GM abruptly said it would no longer back the Trump administration’s ongoing effort to bar California from setting its own vehicle emissions rules.
The diverse coalition includes Advocates for Highway and Auto Safety, Center for Disability Rights, Transportation for America, Consumer Reports and other stakeholders that are urging federal lawmakers to use the framework as a guide to ensure public safety.
Despite a deeper net loss from the year before, the results still marked a significant improvement from Adient's third-quarter net loss of $325 million.
TrueCar said the transaction will boost the company's cash balance and the proceeds will support an ongoing share repurchase program worth up to $75 million.
CDK Global says it will focus on its core North American operations and repay debt as it considers future capital investments.
IHS Markit is a major player in the automotive data segment. S&P Global is renowned for providing debt ratings to countries and companies, as well as data on capital and commodity markets worldwide.
The new deal, a non-binding memorandum of understanding, eliminates plans for GM to take an equity stake in the startup as well as plans for building Nikola's Badger electric pickup truck.
The new deal, a non-binding memorandum of understanding, is subject to negotiation and a definitive deal, Nikola and GM said in separate statements.
Diess has encountered opposition to his efforts to reform the automaker and may review his position if his attempts continue to be stifled, a source told Reuters.
Tesla will start selling the crossover alongside the locally built Model 3.
The automaker will invest 1 billion euros ($1.2 billion) into the Cologne factory for EV production, according a German newspaper and other reports.
Kia's president is positioning the South Korean carmaker for a new era to rev up electric vehicle sales, branch into purpose-built new mobility runabouts and gradually move the marque upmarket.
Mazda is adding turbocharged options in more models as it moves upmarket. At the same time, it's offering a smaller engine to push down the entry price for mainstream buyers.
Major automakers allege in a federal lawsuit that the revised law poses cybersecurity and vehicle safety risks and the short timeline sets an "impossible task" for compliance.
Global Infiniti brand boss Peyman Kargar wants to accelerate growth of the struggling premium brand through a four-pronged strategy that hinges on new product, new technology, better customer experience and a focus on performance.
The Volkswagen ID4 will begin arriving in U.S. showrooms in all 50 states in the first quarter of 2021, but customers may want to spend some time with its tech-rich interior to get familiar with its quirky controls.
GM's reversal on the issue of whether California can set its own emissions standard is aimed at taking an active role in discussions with President-elect Joe Biden.
The automaker will dole out inventory based solely on customer orders and is asking dealers to use no-haggle pricing. The automaker even asserts the right to limit GMC dealers' interactions with Hummer buyers.
A disputed report that Nissan would sell off its stake in Mitsubishi comes at a delicate time for the junior alliance partner as it grapples with massive losses.
In winter 2020 and summer 2020 rankings, Lexus was dealers' most-liked brand according to the National Automobile Dealers Association Dealer Attitude Survey.
Helping coordinate the Detroit 3's coronavirus response might be Ford Executive Chairman Bill Ford's greatest accomplishment in a turbulent year that's seen him appoint a new CEO, launch a slew of key products, break from the Trump administration and oversee the automaker's implementation of a global effort to manufacture medical equipment.
Years ago, a customer didn't want to buy a truck from Faith Mba because he's Black. A decade later, Mba bought the store.
The automaker's CEO about its recovery from the pandemic and plans for rebuilding the U.S. business while updating on strained relations with Renault and Mitsubishi.
The Hummer SUV and Chevy pickup are expected to be built starting in 2023 or 2024, but those schedules likely will be accelerated.
As a Ford salesman, one customer didn't want to buy a truck from Faith Mba because he's Black, and management didn't push back. About 10 years later, Mba bought the store.
