GM terminates some salaried workers

General Motors is eliminating a "small" but unspecified number of salaried and executive positions in what it says is a performance-related action.

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Jeep plant goes offline as Stellantis invests in EV production

Stellantis’ shift toward an electrified future is making one big assembly plant go dark while a sizable investment is creating create job security at three plants in a neighboring state.

 

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Former Okla. Kia dealer accused of tampering with case while awaiting fraud sentencing

Authorities said Bobby Mayes helped his co-defendant Courtney Wells flee to Mexico while they awaited sentencing on his 2021 conviction for fraud at his Big Red Dealerships group. Prosecutors said he also fabricated evidence and made a call to the U.S. Western District of Oklahoma Court with false information.

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Volvo intensifies push to develop software in-house

Volvo will add its third technology hub in a year as CEO Jim Rowan makes in-house software development a priority.

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New Toyota CEO, with eye on Tesla, plots next-gen EV platform push

Grudging admiration for Tesla helps reinforce a stark realization at Toyota. For all its expertise in electrification going back to the first Prius hybrid, Toyota needs a great leap forward for the new era of full electrics.

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Tesla, Musk sued by shareholders over self-driving safety claims

Tesla and its Chief Executive Elon Musk were sued Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles' Autopilot and Full Self-Driving technologies.

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Fisker stock jumps 30% on forecast that analyst calls ‘borderline ludicrous’

Fisker reiterated its 2023 production target of 42,400 vehicles with its manufacturing partner Magna Steyr despite certain suppliers still facing challenges.

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BMW's hydrogen-powered iX5 keeps fuel cell hopes alive

Although most automakers have abandoned or avoided fuel cell technology due to poor infrastructure and high prices, BMW is persevering with its first hydrogen-powered iX5 SUV this year.

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Nissan to qualify for full EV tax credits in U.S. starting in 2026

Nissan will be able to comply with U.S. local sourcing rules for EV tax credits from 2026 as it consolidates platforms and drivetrains for more competitive EVs.

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Canada aftermarket supplier Uni-Select sold to U.S.-based LKQ for $2.1 billion

Québec-based Uni-Select, Canada’s largest supplier of automotive refinish, industrial paint and more than two million replacement parts in the auto industry, is being purchased by U.S.-based LKQ Corporation for about $2.1 billion in cash.

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Tesla overtakes Ford in U.S. brand loyalty award for first time

S&P Global Mobility's 2022 Automotive Loyalty Awards show GM and Tesla are the big winners with Tesla topping Ford for brand loyalty for the first time.

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Nissan to qualify for full EV tax credits in U.S. from 2026

Nissan will be able to comply with U.S. local sourcing rules for EV tax credits from 2026 as it consolidates platforms and drivetrains for more competitive EVs.

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Affordability creates F&I sales concerns

Training F&I staff to sell customers on the benefits of F&I products to protect costly vehicles is now more important than ever, experts say.

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Goodbye touch screen grime — maybe

GM hasn't said how, when or whether elf-cleaning technology might make its way into a vehicle.

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Automotive News live talk: The science behind Toyota's carbon reduction strategy

Toyota Chief Scientist Gill Pratt joins Automotive News Executive Editor Jamie Butters and Asia Editor Hans Greimel for a live discussion on electrification.

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Stellantis CEO Tavares' 2022 pay fell 14%

Despite Stellantis reporting 2022 profit that beat forecasts, its CEO's pay fell compared with the previous year.

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Mobility reporter is an award winner

Molly Boigon has joined Automotive News as a transportation and mobility reporter in New York.

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Gotion reassessing $2.4 billion factory footprint in Michigan

Gotion last year said it would build a battery parts plant in Big Rapids, Mich., and create up to 2,350 jobs across four new manufacturing plants spanning a combined 2 million square feet.

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Experts: GM aims to ward off a surplus of trucks

GM's plan to idle its full-size pickup factory in Indiana next month suggests the automaker is trying to avoid returning to days of stockpiling vehicles on dealership lots, analysts say.

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Musk trial win a ‘non sequitur' in Twitter sitter case

The Securities and Exchange Commission said Elon Musk is reading too much into his win at a securities fraud trial in San Francisco if he thinks the result has any bearing on his 2018 deal with the agency requiring a Tesla lawyer to screen his company-related tweets.

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Audi plans EV factory in U.S. due to Inflation Reduction Act, CEO says

A U.S. plant for electric cars has of become "highly attractive," CEO Markus Duesmann told a German newspaper.

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Ford extends downtime at Louisville Assembly until March 6

Ford is extending downtime at its Louisville plant, but the automaker appears to have found a fix for a software issue plaguing the freshened Escape and Corsair, according to the plant's building chairman.

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Mechanics Bank stops taking auto loan applications, will exit the business

Mechanics Bank of Walnut Creek, Calif., confirmed to that it is exiting its indirect auto-lending business and has stopped taking new loan applications.

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Mercedes lays groundwork for more software-based upgrades

Software-based vehicle upgrades generated more than $1 billion in revenue for Mercedes-Benz last year.

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Electric-truck maker Lordstown pauses production, deliveries

Electric-truck maker Lordstown Motors said it would temporarily stop production and deliveries of its pickup truck Endurance due to performance and quality issues with some components.

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U.S. lithium strategy won't be enough to meet climate goals, rivals

If the U.S. industry grows at its current pace, the country will obtain less than 30 percent of the economic value of cells used domestically, according to a report by Li-Bridge.

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Toyota, Honda, Mazda top winners of IIHS' toughened safety awards

The number of vehicles getting the Insurance Institute for Highway Safety's top awards dropped considerably as the group ratcheted up the criteria. And IIHS says the requirements will only get tougher in 2024.

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Tesla to base engineering headquarters in California, Musk says

The company is occupying the former headquarters of Hewlett Packard, CEO Elon Musk said in a live-streamed event with California Gov. Gavin Newsom. They offered few other details about the move.

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Michigan wants $750 million to prep site for Ford EV battery plant on top of $1 billion incentives deal

Michigan's economic development officials asked lawmakers to allot the money to buy land, upgrade infrastructure and do other work in support of Ford Motor Co.'s new EV battery factory in Marshall.

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Forvia plots major hydrogen growth in North America

Supplier Forvia has bold plans for hydrogen growth in North America as it weans itself from internal combustion.

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UAW raises strike pay to $500 per week, reversing previous position

The move comes seven months after delegates supporting establishment candidates rejected a raise in strike pay to $500 per week on the last day of the union's constitutional convention, undoing a victory for reform-minded delegates from earlier in the convention.

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U.S. dealerships grew for 2nd year in a row, annual franchise report says

The number of U.S. franchised dealerships rose slightly in 2022, marking the second straight year of increases, according to an Urban Science report.

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2024 BMW X5 M, X6 M crossovers pack new V-8, 48-volt mild hybrid tech

The freshened M models will debut at the Amelia Island Concours d'Elegance in March with deliveries starting this summer.

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GM idles Corvette plant in Ky. this week for parts shortage

The automaker wouldn't specify which part caused the shortage, but a spokesman said the shortage "is not semiconductor chip-related." Production is set to resume Feb. 27.

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Carvana stock gets slight respite ahead of Q4 earnings, but uncertainty remains

Carvana Co. is set to release fourth-quarter and full-year 2022 results Thursday. Analysts say investors are feeling a bit more optimistic that the online used-vehicle retailer can avoid bankruptcy.

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Lucid's slow deliveries, Saudi stake are focus of Q4 earnings

Lucid Group's stock is higher this year on unconfirmed speculation the automaker could go private under Saudi ownership. During Wednesday's earnings call, investors also want to hear about the gap between production and deliveries to customers.

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Bowers Automotive, Qvale Auto Group, Sewell family join $30M financing for digital consumer offering

Get Spiffy is a retail technology company targeting on-demand car care and maintenance.

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Mercedes, Nissan joint venture in Mexico faces cloudy future

The $1.4 billion joint venture auto assembly plant in Aguascalientes, Mexico, builds the Mercedes GLB crossover and Infiniti QX50 and QX55 crossovers.

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Jaguar Land Rover to open three European self-driving tech hubs

The hubs will develop self-driving systems for JLR's next generation of vehicles as the automaker tries to catch up with Tesla and other rivals in digital technology.

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NHTSA asks Tesla for more information about Calif. fatal crash

NHTSA has spent the last 18 months investigating how Tesla’s driver-assistance system Autopilot handles crash scenes involving fire trucks and other first-responder vehicles. It’s unclear whether the driver in the incident was using Autopilot.

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Red McCombs, Texas auto dealer and sports franchise owner, dies at 95

Billy Joe "Red" McCombs, a longtime Texas auto dealer who later built a business empire, died Sunday. He was 95.

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2024 Cadillac XT4 takes tech cues from Lyriq EV

A freshened version of Cadillac's smallest crossover will go on sale this summer. Pricing was not disclosed.

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Magna pegs $700M for EV battery enclosures

Magna is investing nearly $700 million in two plants in Michigan and Ontario to build battery enclosures for major electric truck models as it works to establish itself as a crucial producer EV components.

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Dealerships participate in Texas school auto tech competition

Local dealerships partner with competing schools leading up to the event to mentor the fledgling technicians.

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Buick logo revamp came from ‘happy accident’

A sketch errantly shown to GM President Mark Reuss in a design meeting several years ago led to the change.

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Volvo dealer aims to boost presence of women in auto industry

Volvo Cars Marin has increased the percentage of women on its staff as part of an effort to improve diversity so customers feel more comfortable.

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Genesis will offer Electrified GV70 with 2 loaded trims for under $80,000

2023 Genesis Electrified GV70 will come in two well-equipped trim levels for under $80,000 when it goes on sale this year.

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Ford extends downtime at Louisville Assembly over Escape software issue

The plant will be closed through Feb. 24, according to a notice to employees confirmed by Ford.

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How years of tricky talks sealed Ford’s deal with a Chinese battery maker

House Speaker Nancy Pelosi’s trip to Taiwan kicked off a diplomatic clash that caused a delay in announcing the plant. An escalating trade war didn’t help. Now, the pact is drawing scrutiny from both the U.S. and China governments.

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Guest commentary: What does social media chatter say about Elon Musk?

It's a flimsy premise to assert that a social media revolt is undermining Tesla and Elon Musk.

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The Super Bowl ad you haven't seen ... yet

Modeled on Super Bowl-style, extended-length ads, the spot's creator juxtaposes some of America's ambitious achievements, like space travel, with basic failures that thwart a child's ability to reach school without dodging traffic hazards.

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Vehicle digitization drives Visteon to record sales despite chip shortage

The supplier of cockpit electronics finished the year with $1 billion in sales for the fourth quarter, up 35 percent from the year prior, while net income was level with last year at $35 million.

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Eight injured in Florida auction lot vehicle crash

Of the eight people struck, seven were transported to a local hospital for treatment of injuries, while one refused treatment, according to the Broward Sheriff's Office.

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Buick updates Encore GX with Wildcat-inspired styling, new tech

Production of the refreshed subcompact crossover begins next month and will go on sale this spring.

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Ford technology deal with China's CATL targeted for U.S. review by GOP senator

Rubio, the top Republican on the Senate Intelligence Committee, called for an immediate Committee on Foreign Investment in the U.S. review of the licensing agreement between Ford and China's CATL.

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Tesla, Ford, GM drive EVs to 5.6% of U.S. market

A handful of legacy automakers doubled or tripled their EV registrations last year, but barely dented Tesla's overwhelming lead with 64 percent of the market. Ford was No. 2 with a 7.5 percent share in 2022.

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AutoNation in talks with Renault for Alpine sports car sales in U.S.

The French carmaker is also pursuing other options for Alpine to move into North America, CEO Luca de Meo said.

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Stellantis recalls nearly 341,000 Ram heavy-duty diesel trucks after fire reports

Of the six vehicle fires, Stellantis said five occurred while the engines were still on. The automaker is advising owners to park outside.

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Sonic Automotive sets Q4 revenue record, takes impairment hit

Sonic acquired five Black Hills Harley-Davidson locations in February 2023 after buying Horny Toad Harley-Davidson and seven Team Mancuso Powersports stores in 2022.

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Former service tech faces 237 charges, accused of depositing paychecks multiple times

The service tech was charged with theft by unlawful taking, forgery and other crimes after he was accused of stealing $86,792 from Phil Fitts Ford-Lincoln in New Castle, Pa.

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Ford idles Louisville Assembly over software issue with Escape

Workers in Louisville were told late last week the plant would be idled Feb. 13-19, according to a memo obtained by Automotive News.

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Survey finds half of vehicle owners reported problems with crash-avoidance tech after repairs

Among the nearly 500 vehicle owners surveyed by the Insurance Institute for Highway Safety, about half said they had issues with certain crash-avoidance features after the technology was repaired.

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Battery startup NanoGraf raises $65M to make lithium batteries more energy dense

Chicago's NanoGraf previously produced silicon anodes in Japan but took advantage of a 10 percent tax credit to start producing battery materials in the U.S.

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Tesla to open U.S. charging network to rivals in $7.5 billion federal program

Tesla will open part of its U.S. charging network to EVs made by rivals.

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New Biden EV charger rules stress Made in America, force Tesla changes

Companies that hope to tap $7.5 billion in federal funding for this charging network must also adopt the dominant U.S. standard for charging connectors, known as "Combined Charging System."

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How Nissan used TikTok creators to promote the new Ariya EV

The automaker invited hundreds of TikTok users to share videos of themselves pronouncing the name of the Nissan Ariya, its latest EV.

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Volvo chief warns competitors on moving too slow into EVs

Volvo will bookend its crossover lineup with two new electric models this year and will launch a new EV model every year for the next three or four years.

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With Ouster and Velodyne merger done, CEO says automotive lidar needs to be solid state and cheaper

Ouster and Velodyne completed its merger of equals late last week.

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Ford halts production, shipments of F-150 Lightning over potential battery issue

The automaker said a potential battery issue was discovered in a pre-delivery quality check and it's unclear how long production or shipments will be delayed.

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VinFast founder has no plans to inject more money into EV maker

VinFast lost $1.3 billion in 2021 and close to $1.5 billion in the nine months through Sept. 30, according to a filing in the U.S. ahead of the EV maker's planned IPO.

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Tesla workers launch union campaign

Tesla workers located in New York state are preparing a potential first for the EV maker.

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Shoichiro Toyoda, pilot behind Toyota's U.S. expansion and Lexus launch, dies at 97

Toyoda piloted his family's namesake company through the trade tensions of the 1980s. He also represented the Toyoda clan on the board for 57 years, making him the automaker's longest serving director. He is also the father of current Toyoda CEO Akio Toyoda.

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UAW chief: Restoring cost-of-living raises a top contract priority

Ray Curry, in the midst of a runoff election to remain president, says if he's reelected he can work with new members of the UAW board who have been critical of his leadership.

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Zoox's purpose-built robotaxi reaches public roads in California

Zoox carried dozens of Zoox employees in its purpose-built robotaxi Saturday during multiple trips on public roads that link two of the company's offices in Foster City, Calif.

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U.S. senators urge telecom agency to OK use of connected vehicle spectrum

The 5.9 GHz spectrum block was reserved in 1999 for automakers to develop technology to allow vehicles to talk to each other to avoid crashes but has so far gone largely unused.

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Family-owned Texas dealership group buys Toyota, Honda, GM, Stellantis stores with New Mexico purchase

Casa Auto Group's third generation of family leadership takes the company across state lines for the first time in decades with the purchase of four stores in New Mexico.

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Ferrari CEO moves fast like Tesla while forging own path on EVs

Benedetto Vigna credits Tesla with accelerating change within an industry steeped in engine cylinders.

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Next Toyota CEO says reforming EV strategy is his new team's top priority

Among the executives to get promotions are global design chief Simon Humphries, who takes on a wider role, and chief compliance officer Masanori Kuwata, who will lead electrification at Lexus.

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The latest numbers on the microchip shortage: More North American cuts

Automakers cut another 33,900 vehicles from their North American factories’ production schedules last week, a sign that the microchip shortage continues to linger despite improvements in supply.

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Learning to use EV chargers the hard way

New EV drivers are discovering that not all public charging experiences are created equal. Prospective EV buyers are catching wind of network glitches and inconsistencies, and that's giving them pause.

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See Ram's innuendo-packed Super Bowl ad, Jeep remix of ‘Electric Boogie'

Ram's fourth-quarter Super Bowl commercial portrays its upcoming 1500 REV pickup as a remedy for people suffering from "premature electrification."

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Tesla price swings are upending auto norms

Tesla has long shifted prices as it weighs supply and demand in the emerging EV market, but shoppers may not be ready for recent price instability that affects resale vales and lease contracts.

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Musk rival to air Super Bowl ad calling for ban on Tesla 'self-driving' feature

Self-described tech billionaire Dan O'Dowd takes his campaign against Tesla's 'Full Self-Driving' software to the airwaves during targeted ads on Super Bowl Sunday. The FSD feature does not make Teslas autonomous.

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Column: Teflon Elon wins again

Tesla CEO Elon Musk seems to have a knack for escaping the consequences of his actions. The latest case: Defeating the ‘funding secured' against him.

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Ford set to announce $3.5 billion EV battery plant in Michigan, sources say

The automaker is scheduled to hold a news event at Ford Ion Park near Detroit on Monday. The plant would be near the intersection of I-69 and I-94, both key commercial corridors.

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Tesla shareholder pursues board seat

Ross Gerber, a vocal Tesla Inc. shareholder, said he will pursue a board seat at the electric-vehicle maker, with a goal of reining in Chief Executive Officer Elon Musk.

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Federal ‘right-to-repair' bill reintroduced in House

The bill — known as the Right to Equitable and Professional Auto Industry Repair Act — would require all tools and equipment, wireless transmission of repair and diagnostic data and telematics systems needed for vehicle repairs be made available to the independent repair industry.

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Gentex to pay $4 million to resolve SEC charges involving employee bonuses

Under the settlement, Gentex and its CFO agreed to cease-and-desist orders in addition to the civil fines. The settlement neither admits to or denies the SEC's findings. The SEC did not accuse Gentex of fraudulent activities.

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Honda says chip shortage bottoming out but will drag on until latter half of 2023

Honda expects global sales to dip below the 4 million-unit level to 3.85 million vehicles this fiscal year, below Honda’s global production capacity of 5.14 million.

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Honda says chip shortage bottoming out but will drag on until latter half of 2023

Honda expects global sales to dip below the 4 million-unit level to 3.85 million vehicles this fiscal year, below Honda’s global production capacity of 5.14 million.

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Ram EV will be called 1500 REV

The company calls the REV a "direct descendant" of the 1500 Revolution concept it showed last month at the CES expo in Las Vegas.

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Redwood Materials says it has won a $2 billion DOE loan

Redwood Materials said it has received a conditional commitment for a $2 billion loan from the U.S. Energy Department.

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BorgWarner profit soars as auto supplier eyes EV break-even point

Automotive supplier BorgWarner exceeded sales and profit expectations last year as it entered an "inflection point" in its bet on electrification, spinning off its fuel systems and aftermarket business and hitting break-even on the EV side as soon as this year.

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California dealers see EV demand lifting 2023 sales

Tesla had the two top-selling models last year as consumers snapped up EVs, with battery-electric vehicles capturing 17 percent of the market and hybrids close behind, at 14 percent. Toyota was the No. 1 brand, followed by Tesla and Ford.

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'Captain Sato' plans new player formation for Team Toyota as CEO

Toyota's next CEO, Koji Sato, is changing the automaker’s leadership lineup to better compete in a challenging new era.

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2024 Toyota Grand Highlander is a bigger, grander Highlander

The three-row crossover is larger than the Toyota Highlander, especially when it comes to third-row seating, and delivers a new suite of safety and driver-assistance technologies.

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Minnesota Automobile Dealers Association loses court of appeals case aimed at blocking Clean Car Rule

The Minnesota Automobile Dealers Association lost a court of appeals decision aimed at blocking the state's Clean Car Rule that follows California regulations on new-vehicle emissions standards.

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Despite layoffs and product delays, VinFast picks a U.S. finance arm

VinFast is laying off workers in the U.S. before its first vehicle delivery. Its debut VF 8 crossover competes poorly on range and price with rivals. But the Vietnamese automaker still has plans for a U.S. factory and full EV lineup.

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Bank of America offers to bundle EV chargers with auto loans

The banking giant is anticipating demand for the products will increase as buyers turn away from gas-powered cars. The offer begins Wednesday.

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VW misses full-year cash target amid supply chain woes

The automaker reported preliminary cash flow of around 5 billion euros ($5.36 billion) for 2022, falling well below its target of around 8.6 billion euros.

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Biden touts legislative wins to boost U.S. production of microchips, EVs in State of the Union

The president used part of his speech to tout major legislation achieved in his first two years in office, such as the bipartisan CHIPS and Science Act, the bipartisan infrastructure law and the more recent Inflation Reduction Act passed by Democrats last year.

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BMW X5 and X6 get a lavish freshen this year

BMW is giving its X5 and X6 crossovers updated powertrains with improved electrification this year.

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Hertz has less than half the Teslas it planned to order by now

Hertz said its rental fleet peaked at 428,700 vehicles last year, and that Teslas were 11 percent of its fleet. That means Hertz had fewer than 50,000 Teslas in its fleet — less than half it expected to have by the end of 2022.

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VC division sees range anxiety, grid problems hampering EV adoption this year

When it comes to EVs, a shortage of raw materials, ongoing global supply chain turmoil and an overloaded electric grid are reasons they may not catch on with American drivers in the coming years, UP.Partners' mobility division said.

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Flo to launch redesigned fast chargers

The new charger, Flo Ultra, designed for safety and accessibility with two charging ports per unit, will be available in 2024.

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VinFast cuts about 80 jobs in North America, including U.S. CFO

The job cuts raise questions about the health of the Vietnamese company ahead of a possible stock listing.

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Ford uses 25% more engineers doing same work as rivals, Farley says

"It takes us 25% more engineers to do the same work statements as our competitors," Farley said.

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EV battery inspection startup Liminal raises $17.5 million

Sweden's Northvolt and Canada's ArcTern Ventures joined this funding round for startup Liminal.

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Rebalanced Nissan Alliance brings Renault to U.S. doorstep for first time in decades

In Mexico, Nissan will produce a new model for Renault, making it the first Renault vehicle produced there in 20 years, but there are no immediate plans to re-enter the U.S. The deal also gives Mitsubishi an opportunity to expand in North America.

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Renault, Nissan agree to reshape alliance; Nissan to invest 15% in Ampere EV unit

Renault and Nissan signed a deal to reshape their alliance, with Nissan committing to invest in Renault's electric-vehicle business. The agreement also includes developing and working on several new models globally.

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Time for pinching pennies at Ford, GM

While GM posted record earnings in 2022, Ford CEO Jim Farley cited poor execution and 'dysfunctionality' within the company for reducing profits.

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Expanded Chicago show debuts new Toyota Grand Highlander

The 2023 Chicago Auto Show will feature the debut of the new Toyota Grand Highlander, a larger three-row crossover aimed at those who don't want a minivan but need seating for up to 8, a redesigned Subaru Crosstrek and refreshed VW Atlas and Atlas Cross Sport.

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Tesla raises Model Y prices $1,000

Tesla raised prices in the United States of its best-selling vehicle, the Model Y, by $1,000 after the government raised the ceiling on the price of crossover electric vehicles eligible for tax credits.

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Musk defeats Tesla shareholder suit over 2018 'funding secured' tweets

The outcome is a bitter loss for the shareholders who sought to recoup trading losses from fluctuations in Tesla shares after Musk posted the messages. Musk abandoned the take-private plan about two weeks after his initial tweets.

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Dealer's wellness program cuts benefits costs by incentivizing health

Friendship Family of Dealerships' wellness program is improving team morale and productivity, according to their human resources director.

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Ford reduces top execs' bonuses after 'frustrating' earnings

CEO Jim Farley and CFO John Lawler are among those receiving 90 percent of their bonus target, while other salaried employees will get 148 percent.

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Stellantis, Ford, GM and Mercedes-Benz dealerships trade hands in Q4

Stellantis, Ford, GM and Mercedes-Benz dealerships sold in fourth-quarter transactions across Montana, Missouri, New Jersey and Michigan.

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Nissan techs can vote on union, labor board rules

The ruling means tool-and-die workers at Nissan's Smyrna, Tenn., plant can vote on whether to join the International Association of Machinists and Aerospace Workers.

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Ford returns to F1 as racing series sees surge in popularity

Ford has a rich history in F1, winning 10 Constructors’ championships and 13 drivers’ championships during a stretch that ended in the early 1980s.

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Renault, Nissan set to announce alliance redesign on Monday

Renault and Nissan will present the agreements that will define the new bases for their partnership, the automakers said.

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Ford Q4 net income falls 89% to $1.3 billion ahead of ‘pivotal’ 2023

For all of 2022, Ford lost $2 billion, though it achieved adjusted earnings before interest and taxes of $10.4 billion.

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Sony-Honda vehicles might end up with competing dealers

Sony Honda Mobility wants to challenge the status quo in automaking. That could mean its cars end up with Honda dealers' competitors.

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Lear net income rallies to $118M in Q4 despite continued production issues

Lear landed an unexpected conquest late last year to supply an undisclosed automaker's SUV platform in North America with just-in-time thermal comfort seating.

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StoreDot and Circulor partner to increase transparency, sustainability in EV battery supply chain

The companies will track carbon dioxide emissions from mining the necessary raw materials used in StoreDot battery cells and the cell manufacturing process.

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GM teams up with Netflix to tout EVs in Super Bowl ad, shows

The co-branded spot promotes the companies' collaboration to feature more EVs on screen, including in Netflix shows.

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Tesla ignites an EV price war, suppliers brace for givebacks

Suppliers are bracing for Musk seeking givebacks.

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Tesla ignites an EV price war

Suppliers are bracing for Musk seeking givebacks.

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Toyota slides; Honda, Hyundai, Kia, Subaru, Mazda rack up U.S. sales gains

U.S. light-vehicle deliveries are forecast to rise 2.4 percent to 6.5 percent in January, analysts say, with sharply higher fleet shipments expected to offset a drop in retail volume.

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Congress reintroduces bill to stop surge of catalytic converter thefts

The legislation aims to reduce catalytic converter thefts by requiring new vehicles to have the VIN stamped onto the converter, allowing law enforcement officers to link stolen parts to the originating vehicles.

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Credit Acceptance income drops 42%, auto loan volume up in Q4

Credit Acceptance Corp.'s auto loan volume from dealerships rose 26 percent during the fourth quarter.

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Battery startup Our Next Energy raises $300 million in new funding round

Battery startup Our Next Energy Inc., known as ONE, closed a $300 million investment round, the company said Wednesday. It came amid broad economic headwinds, and funds ongoing construction at its Michigan factory.

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