NewsPaper: January 2022

Monday, January 31, 2022

New AAA study finds driver-facing cameras safest in vehicles with partial automation

AAA analyzed four cars equipped with partial automation: the 2021 Cadillac Escalade, the 2021 Subaru Forester, the 2021 Hyundai Santa Fe and the 2020 Tesla Model 3.

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Mitsubishi swings back to profitability in latest quarter on redesigned Outlander

Mitsubishi's third-quarter results got a boost from higher volume and beneficial foreign exchange rates, prompting the company to lift its full fiscal year targets.

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Carvana suspension lifted in Raleigh, N.C.

A 180-day suspension on Carvana's operations in Raleigh, N.C., expired on Saturday, leaving the online used-retail giant free to continue selling in the area.

The suspension was handed down last August, after a North Carolina Division of Motor Vehicles investigation found the company didn't deliver title work on time, issued out-of-state, temporary tags for a vehicle sold in North Carolina and offered a vehicle for sale without a state inspection.

Nazneen Ahmed, a spokeswoman for the state attorney general's office, confirmed to Automotive News that Carvana's dealer license was renewed Monday.

The division did not respond to a request for comment by the time of publication.

The division began investigating Carvana's Raleigh location in February last year, after a consumer raised a complaint about not being able to obtain a vehicle registration and license plates.

Carvana appealed the suspension decision in Wake County Superior Court, but later reached a settlement. The state attorney general's office represented the division in the court case.

As a condition of that settlement, Carvana said it wouldn't sell vehicles at its Raleigh location until Jan. 29.

Carvana's other dealership locations in Charlotte, Concord and Greensboro were still allowed to process title and vehicle registration paperwork during the 180 days.

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Sunday, January 30, 2022

A turning point in the transition to EVs? Tougher EPA rules may be the catalyst

Faced with the challenge of meeting the EPA's more stringent limits on vehicle tailpipe emissions, U.S. automakers soon will determine how much — and how quickly — electric vehicles will be part of their compliance strategies.

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Tesla Cybertruck will arrive in 2023, at the earliest

Industry followers and Tesla fans were let down after CEO Elon Musk said the hotly anticipated Cybertruck won't launch until 2023 at the earliest.

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Hyundai rides with fake Super Bowl ad

The automaker's upcoming Ioniq 5 EV was featured in the ABC sitcom "black-ish" this month, with star Anthony Anderson working on an imaginary Super Bowl commercial.

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Alabama-built 2023 Mazda CX-50: A crossover made in the U.S. for the U.S.

The first production Mazda CX-50 rolled off the line last week at the automaker's new joint-venture plant with Toyota. It marked Mazda's return to U.S. manufacturing after nearly a decade.

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The latest numbers on the microchip shortage: Another big jump in 2022 estimated production cuts

AutoForecast Solutions’ weekly estimate of the number of vehicles removed from production because of the semiconductor shortage this year jumped significantly for the second consecutive week.

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GM's Michigan battery projects fill in more of EV production map

CEO Mary Barra said she's confident GM can dethrone Tesla by "mid-decade" and has the company spending big to get there.

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Legislation would loosen Florida's title rules

Florida lawmakers are working on legislation that would change the state's motor vehicle title statute to give auto dealers leeway in how long it takes them to transfer titles.

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Boeing bets big on Wisk, while May Mobility gets $83 million

Despite some recent headwinds, autonomous taxis remain intriguing with investors. In the air, Boeing lavished $450 million on eVTOL startup Wisk this week. On the ground, May Mobility earned further backing from Toyota.

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Nissan dealerships have new appeal as turnaround gains momentum

Twenty-two percent of retailers polled in Kerrigan Advisors' 2021 Dealer Survey expect Nissan franchise valuations to increase, compared with just 8 percent a year earlier.

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Friday, January 28, 2022

Can EVs proliferate with or without Build Back Better Act?

With the EPA finalizing more stringent vehicle emissions standards, the industry is looking to Washington for support to grow the EV market in the U.S.

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Luxury car dealer discovers a niche in insurance

Lamborghini Philadelphia expects to sell insurance policies to about half its customers, potentially generating nearly $500,000 in premiums.

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Ford puts commercial business at forefront of EV strategy

The automaker already owns a leading share of the commercial vehicle market and is betting fleet managers will recognize the benefits of going electric far quicker than the average retail buyer.

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Daimler eyes tech valuations as it rebrands to Mercedes-Benz

CEO Ola Kallenius hopes the separation of Daimler's Mercedes cars division and its truck business will unlock shareholder value.

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Waymo sues California DMV over sensitive self-driving safety information

Self-driving tech company Waymo seeks an injunction prohibiting the California Department of Motor Vehicles from releasing information it considers trade secrets and proprietary business information.

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Toyota retains global sales crown, expands lead over VW on chip crisis management

Toyota gained on rivals worldwide as it managed to avoid lengthy production shutdowns by carefully managing microchip procurement and navigating supply chain bottlenecks. It credits stockpiling early in the crisis and close communication with suppliers for its edge.

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Toyota retains global sales crown, expands lead over VW on chip crisis management

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GM CEO Mary Barra's first ride in autonomous vehicle: 'surreal'

A new video from Cruise shows GM's top executives trying out a self-driving vehicle for the first time with no safety driver.

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Thursday, January 27, 2022

GM CEO Mary Barra's first ride with empty front seat: 'surreal'

A new video from Cruise shows GM's top executives trying out an autonomous vehicle for the first time with no safety driver.

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Stellantis suspends COVID-19 vaccine mandate for salaried U.S. workers

Stellantis says 97 percent of U.S. salaried, non-represented work force is either vaccinated or has an approved exemption.

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2023 Toyota Sequoia SUV redesigned for modern-day family

The Sequoia, redesigned for the first time in more than a decade, gets an infusion of new technology, practicality and refinement. It arrives at a moment when more customers are demanding crossovers and SUVs with useful third-row seating and towing capacity.

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Sony welcomed to auto industry by Japan's old guard carmakers

The Japan Automobile Manufacturers Association says traditional automakers expect new entrants from other industries and that the Sony represents Japan’s turn at floating a hopeful new industry player.

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Wednesday, January 26, 2022

Tesla Cybertruck is delayed until 2023

Tesla is focused on increasing capacity at its four factories, and will save its energy and limited semiconductor supply for current models

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Tesla beat BMW for 2021 luxury crown, Cox says

Tesla dominated the EV market and the overall luxury market last year, outselling BMW, Lexus and Mercedes for the U.S. luxe crown, according to Cox Automotive

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Tesla earnings surge on record Q4 deliveries

Tesla earnings rose in the fourth quarter as the world's most valuable automaker delivered a record number of vehicles despite supply chain headwinds. The EV maker posted net income of $2.3 billion.

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GM plans to more than double tech hiring in 2022 to advance EV ambitions

The automaker said it is expanding teams that electrify cars, develop vehicle software and autonomous technology and engineer fuel cells.

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Nissan recalls more than 790,000 Rogues in U.S., Canada for electrical connector corrosion

The affected vehicles are from the 2014-16 model years.

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GM plans to more than double tech hiring in 2022

The automaker said it is expanding teams that electrify cars, develop vehicle software and autonomous technology and engineer fuel cells.

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Tuesday, January 25, 2022

Redesigned Toyota Sequoia aims at heart of 3-row SUV market

A standard hybrid powertrain, vastly improved towing capability and refined interior creature comforts and technology should allow the redesigned 2023 Sequoia to make inroads into a segment dominated by domestic automakers.

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Kia EV6 priced at $42,115 with 232-mile range

Korean automaker Kia's electric compact crossover can go up to 310 miles on a single charge on midlevel Wind and top-level GT-Line trims.

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J.D. Power study finds lack of satisfaction in automaker brand apps

Tesla's app ranked the highest, but of the 32 brand apps tested, none left respondents completely satisfied, J.D. Power said.

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White House will host Barra, Farley, CEOs for meeting on spending bill push

Biden made a push in December to win passage in Congress of the spending bill that would provide billions of dollars to tackle climate change.

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Biden's EV push aligns traditional rivals oil, corn

The EV-procurement mandate, the lawmakers say, also ignores the opportunity to immediately cut costs and emissions using high-octane liquid fuels, ethanol and renewable diesel.

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Four dealerships sell in South, Northeast

Springhill Automotive and Quirk Auto Group were among dealership buyers.

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Tesla hacker gained access to car owners' email and warned them

Tesla says it has fixed the flaw that allowed teen hacker to gain access to owners' email addresses.

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VW, Bosch partner on advanced driving technologies

VW and Bosch plan to develop Level 2 systems for urban and freeway driving to be installed on VW Group vehicles starting next year.

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Monday, January 24, 2022

Ally forecasts 15% decline in used-car prices by end of 2023

Auto lender Ally Financial is modeling a more than 15 percent cumulative decrease in used-vehicle values by the end of 2023.

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Jeep Wagoneer, Grand Wagoneer poised to grow

Jeep is preparing larger variants of the premium SUVs with longer wheelbases that will go head-to-head with rivals such as the Chevrolet Suburban, GMC Yukon XL, Cadillac Escalade ESV and Lincoln Navigator L.

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GM planning behavior-based U.S. driver insurance in Q1, executive says

GM aims to launch an algorithm-based auto insurance plan that charges policyholders based on driving performance, a company executive said.

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Ford to suspend reservations for Maverick compact pickup

Ford told its dealers in a memo that it is suspending customer orders for the Maverick pickup truck because it is already straining to fill a backlog.

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