While growing up, General Motors' first female North American president would collect brochures at the Detroit auto show and pretend to run her own dealership. Source: autonews.com … [Read more...]
Honda spending $11B on EV assembly, battery output in Canada, reports say
The company’s leadership will be joined by a wide range of government officials, including Canadian Prime Minister Justin Trudeau and Ontario Premier Doug Ford, for the announcement. Source: autonews.com … [Read more...]
Continental fined $107M over role in diesel-emissions scam
German prosecutors issued the fine over the company’s participation in the scam via selling more than 12 million engine control units that automakers, including Volkswagen Group, used to manipulate emissions. Source: autonews.com … [Read more...]
Mercedes warms to ICE vehicles as EV growth cools in the U.S.
Mercedes expects to sell about 50,000 more coupes, sedans, crossovers and SUVs in the U.S. in 2024 compared with last year. Source: autonews.com … [Read more...]
Nissan EVs go bold with diagonal front lighting at Beijing auto show
Nissan has shown a creative and bold front lighting design in a clutch of electrified concept vehicles that were unveiled at the Beijing auto show, which point toward a future design language. Source: autonews.com … [Read more...]
Nissan EVs go bold with diagonal front lighting at Beijing auto show
Nissan has shown a creative and bold front lighting design in a clutch of electrified concept vehicles that were unveiled at the Beijing auto show, which point toward a future design language. Source: autonews.com … [Read more...]
Hyundai doubles down on hybrids after Q1 profit slips 2.4%
After posting a 2.4 percent drop in quarterly profit, Hyundai said it will continue to expand its electrified model lineups globally by introducing more hybrids and new Ioniq models. Source: autonews.com … [Read more...]
IIHS assigns 7 of 10 vehicles it classifies as small SUVs ‘marginal' or ‘poor' ratings in updated IIHS front-crash prevention testing
The Insurance Institute for Highway Safety assigned ‘poor' ratings to four of 10 2023-24 vehicles it classifies as small SUVs in updated front seat safety crash testing. Source: autonews.com … [Read more...]
Ram adds to off-road lineup with RHO
The 540-hp pickup, scheduled to reach dealerships in the third quarter, adds to the brand's long lineage of speedy trucks. Source: autonews.com … [Read more...]
Ford Q1 net income falls 24% to $1.3 billion; revenue rises despite lower production
Ford cited a strong performance from its commercial vehicle unit, which earned $3 billion before interest and taxes, as the reason revenue increased while shipments declined Source: autonews.com … [Read more...]
Joy and angst: Reaction from the UAW's historic win at VW's Chattanooga plant
Reaction to the UAW's victory in Chattanooga quickly took shape on social media and in Tennessee, where the Republican governor said workers made a mistake. Source: autonews.com … [Read more...]
U.S. EV battery upstart, Hyundai-Kia close in on lithium metal battery commercialization
SES AI, a U.S. maker of electric vehicle batteries, aims to bring its next-gen lithium metal batteries to market as early as 2026 and is turbocharging the drive through a new agreement to jointly build and test the technology with South Korea's Hyundai Motor Group. Source: autonews.com … [Read more...]
Honda's new Ye Series EVs for China foreshadow U.S.-bound next-gen 0 Series
Honda's new family of all-electric vehicles, called the Ye Series, goes on sale in China this year and advances the Japanese carmaker toward a next-generation of software-powered EVs that are bound for the U.S. and other markets. Source: autonews.com … [Read more...]
Group 1 net income falls nearly 7 percent in Q1
Group 1's net income fell, while revenue and new- and used-vehicle sales grew. Source: autonews.com … [Read more...]
Lithia Q1 net income down 28% as margins slip
Lithia Motors said it sold 188,119 new and used vehicles with a gross profit of $4,346 in the first quarter. Source: autonews.com … [Read more...]
CEO Mary Barra's pay declined 3.9% to $27.8 million as GM missed stock targets
General Motors awarded CEO Mary Barra compensation worth $27.8 million in 2023, 3.9 percent less than she got the previous year as the automaker's stock price and other long-term metrics fell short of targets. The second-highest pay package was intended for software chief Mike Abbott, who resigned in March for health reasons. GM lured Abbott from Apple Inc. in May 2023 with a signing bonus that … [Read more...]
VW to launch youth-focused EV brand for China
The ID.UX subbrand is the automaker's bid to recapture market share lost to local rivals such as BYD. VW also showed the ID Code crossover concept ahead of the Beijing auto show. Source: autonews.com … [Read more...]
Vroom CEO: ‘Gut-wrenching' decision to end online used-car business
When a search to secure more capital was unsuccessful, Vroom's senior leadership called it: The company would stop buying and selling used vehicles online as soon as possible. Source: autonews.com … [Read more...]
Judge deals blow to Stellantis in supplier pricing dispute that threatens production
The order filed Tuesday means that the parent company of Jeep and Ram brands must continue paying its supplier under protest — or “hostage threat,” as the automaker’s lawyer put it last week. Source: autonews.com … [Read more...]
Mercedes explores electric frontier with G-Wagen off-roader
The G 580 retains the iconic boxy ladder frame design but ditches a combustion engine for a quartet of electric motors and a hefty 116-kilowatt-hour battery. Source: autonews.com … [Read more...]
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