Panasonic Energy to supply EV batteries to Mazda; Panasonic Automotive being sold to U.S. firm
Mazda and Panasonic Energy said they will later disclose details of the deal, which is for the supply of cylindrical lithium-ion batteries......»»
Fisker price cuts mark latest turn in downward spiral
The company's price cuts come after a steady barrage of issues, including the dissolution of talks with a large automaker for a financial lifeline, halted production and a scathing report from Consumer Reports......»»
Auto industry"s share of global microchip capacity rises as EVs, software grow
The automotive industry surpassed the consumer and industrial sectors in 2023 to become the third-largest end market for semiconductors worldwide as demand for automotive-grade microchips continues to grow......»»
Ally Financial appoints new CEO
Michael Rhodes will be taking over Ally Financial Inc. as CEO effective April 29, replacing former CEO Jeffrey Brown, who stepped down at the end of January 2024 to take a role as president of Hendrick Automotive Group......»»
Piston Automotive wins $8.5M state grant for plant to supply GM in suburban Detroit
The project marks a return to former stomping grounds for company owner Vinnie Johnson, a two-time NBA champ nicknamed “the Microwave” during his Detroit Pistons heyday......»»
Drama intensifies in Piston Group dispute over minority certification
As a bitter legal fight over the minority status of Piston Group, the country’s largest Black-owned automotive supplier, drags on, a national feud has flared up among the councils in charge of certification......»»
Ford, GM divert shipments as Baltimore bridge collapse upends supplies
“It’s too early to say what impact this incident will have on the auto business, but there will certainly be a disruption," said John Bozzella, CEO of the Alliance for Automotive Innovation......»»
New England"s DCD Automotive, known as Nucar, buys New Hampshire family dealership
New England auto group DCD Automotive Holdings, which operates under the name Nucar, bought a family dealership in Concord, N.H., in December. It will aim to sell at least 75 used cars a month there......»»
Live chat at 1 p.m. EDT Wednesday with Hyundai Motor America CEO Randy Parker
Join us at 1 p.m. EDT Wednesday for an Automotive News live talk from the New York auto show with Hyundai Motor America CEO Randy Parker. Executive Editor Jamie Butters and Reporter Carly Schaffner, who covers Hyundai, Kia, Genesis, Honda, Acura.....»»
Fisker"s bailout talks with large automaker end; stock trading halted
Nissan was in advanced talks to invest in the company, in a deal that could act as a financial lifeline for the cash-strapped EV startup, according to reports. Trading in Fisker shares was halted pending an announcement......»»
Fisker"s bailout talks with large automaker end
Nissan was in advanced talks to invest in the company, in a deal that could act as a financial lifeline for the cash-strapped EV startup, according to reports......»»
The top 5 stories of the week: Nissan"s wholesale push; EVs not turning profits
Here's a quick look at the top automotive stories of the week......»»
Aston Martin, in midst of turnaround, hires Bentley"s Adrian Hallmark as CEO
Adrian Hallmark, a seasoned automotive executive, had become a recruitment target for Aston Martin after returning Bentley to consistent profitability. .....»»
Automotive AI poses EV range and sustainability challenge
Powerful software requires increases in the building blocks of computation, which also require power draw......»»
Consumer Reports reviews Fisker EV: ‘Nauseating" and ‘inexcusable"
While praising the EV's innovative design, the publication listed a multitude of problems it encountered in just two weeks of ownership......»»
Consumer Reports reviews Fisker EV: ‘nauseating" and ‘inexcusable"
While praising the EV's innovative design, the publication listed a multitude of problems it encountered in just two weeks of ownership......»»
Holman nearly doubles auto retail business with Leith Automotive megadeal
The transaction closed this week and nearly doubles Holman's auto retail business. It's the latest in a slew of large dealership group acquisitions......»»
Credit unions and banks fall to captives in auto finance market share
A return of captive finance incentives is likely driving the shift in market share, said Experian's senior director of automotive financial solutions......»»
Franchised used-car dealer sentiment lowest since pandemic, Cox survey shows
Franchised and independent dealers also reported year over year growth or stability in used-car inventory mix, Cox Automotive's latest Dealer Sentiment Index says......»»
Franchised dealer sentiment lowest since pandemic, Cox survey shows
Franchised and independent dealers also reported year over year growth or stability in used-car inventory mix, Cox Automotive's latest Dealer Sentiment Index says......»»