GM invests $71 million in Ohio plants
by Hannah Lutz on September 28, 2020 at 6:14 pm
GM will invest $39 million at its Toledo transmission plant to upgrade production of the eight-speed rear-wheel-drive transmission and $32 million at […]
Unifor seeks new models for Windsor FCA minivan plant
by John Irwin on September 28, 2020 at 4:00 am
Unifor wants as many as two new models to be built alongside the minivans at Fiat Chrysler Automobiles' Windsor, Ontario, assembly plant, where one […]
Nissan to bring carbon-fiber to the masses
by Hans Greimel on September 28, 2020 at 4:00 am
Nissan has developed a way of producing carbon-fiber components more quickly and cheaply as a step toward deploying the lightweight parts in […]
GM stands by Nikola as deadline nears
by Hannah Lutz on September 27, 2020 at 4:00 am
Despite accusations of fraud that led Nikola's founder to resign as executive chairman, GM will move forward with the low-risk, high-reward […]
American Axle says insurance to cover losses from Ohio plant fire
by Dustin Walsh on September 24, 2020 at 7:01 pm
Employees escaped the blaze unharmed, but it remains unclear how much damage could be done to the company's business with customers such as General […]
Geely debuts EV architecture it will offer to other automakers
on September 23, 2020 at 3:19 pm
The underpinnings for the Lynk & Co. Zero Concept unveiled Wednesday in Beijing is an open-source platform available for other companies to use.
Tesla to make 250,000-300,000 Cybertrucks per year, Musk says
by Michael Martinez on September 22, 2020 at 11:38 pm
Tesla's CEO said the automaker had booked "well over half a million" orders for the electric pickup in the form of $100 refundable deposits.
Musk says Tesla has 'shot at record quarter'
by DANA HULL on September 21, 2020 at 2:32 pm
“We have a shot at a record quarter for vehicle deliveries, but will have to rally hard to achieve it,” Musk wrote in an internal email Sunday. […]
Kia makes big EV push
by Hans Greimel on September 21, 2020 at 4:00 am
The brand's first dedicated EV next year is part of a push to electrify its lineup and get a quarter of its global sales from EVs by 2029.
COVID effect on EV push: ‘Stall,' not 'vanish'
by Alexa St. John on September 21, 2020 at 4:00 am
A new research paper by Cox Automotive Mobility points to a positive long-term outlook for EV growth, in spite of setbacks during the pandemic.
Lithia signals profit surge ahead of third-quarter earnings
by Jackie Charniga on September 30, 2020 at 9:19 pm
The third-largest U.S. public new-vehicle retailer also announced plans to raise more than $1.1 billion in capital.
Ex-UAW President Williams pleads guilty to embezzlement
by Michael Martinez on September 30, 2020 at 7:52 pm
Dennis Williams faces up to five years in prison and a fine of up to $250,000, although he'll likely receive a sentence between 18 and 24 months as part of his plea agreement. There was no agreement on a fine.
Velodyne Lidar chief eyes growth as stock sinks in public debut
by ED LUDLOW and CRYSTAL KIM on September 30, 2020 at 7:28 pm
The maker of sensors used in advanced driver-assistance systems and self-driving vehicles is projected to see robust revenue growth and hit full-year profitability as soon as 2022, according to CEO Anand Gopalan.
Nikola postpones forum where electric pickup was to debut
by ED LUDLOW on September 30, 2020 at 2:35 pm
The postponement follows the startup’s efforts to pivot from denying allegations of deception to talking up its technology and partnerships to calm investors who have seen the stock price plunge 45 percent since the company went public in June.
Continental board signs off on cutting or shifting 30,000 jobs
by CHRISTOPH RAUWALD on September 30, 2020 at 2:18 pm
The German supplier's CEO said asset sales are under consideration that could affect several thousand jobs that are included in its total announced this month.
Tesla to roll out China-made Model 3s with cobalt-free batteries, report says
by YILEI SUN, ZHANG YAN and TONY MUNROE on September 30, 2020 at 1:16 pm
Cobalt-free lithium iron phosphate batteries are cheaper to produce and the automaker could announce the product change as early as Thursday, Reuters reported.
Genesis previews GV70 crossover coming next year
by Laurence Iliff on September 30, 2020 at 12:26 pm
The camouflaged compact luxury crossover, expected to go on sale next year as a 2022 model, will be tested on public roads in Korea for one month, Genesis said.
Ford to recall 700,000 vehicles in North America over rearview camera defect
by Audrey LaForest on September 30, 2020 at 12:02 pm
The recalled vehicles are from the 2020 model year and include certain Ford Edge, Escape, Expedition, Explorer, F-150, F-250 SD, F-350 SD, F-450 SD, F-550 SD, Mustang, Ranger and Transit vehicles. The 2020 Lincoln Corsair and Nautilus are also part of the recall.
VW confirms 2020 outlook, expects September delivery growth to continue
on September 30, 2020 at 10:15 am
CEO Herbert Diess reaffirmed the company's target of positive operating profit for the year, but also faced questions on the company's emissions scandal at the company's annual shareholder meeting.
Former Audi CEO Stadler faces diesel fraud charges in German court
on September 30, 2020 at 9:23 am
The trial could cause unease for VW Group and Audi if defendants or witnesses contradict VW's defense that top executives were unaware of engine manipulation uncovered by U.S. regulators five years ago.