GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat; shares rise
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion. Shares rose 7.7 percent in morning trading. .....»»
Hyundai recalls 1,568 hydrogen vehicles in the U.S. for gas leak
A faulty part in the 2019–24 Hyundai Nexo causes vehicles to make a "wind-rushing noise" and a white fog to appear at its rear......»»
AI, as it stands today, is a valuable tool for the auto industry but a poor substitute for humans
As the industry experiments with artificial intelligence, business owners need to be aware of the technology's promise and its limitations......»»
EV shipments to Europe soar ahead of planned EU tariffs
Automakers from Asia’s biggest economy shipped 60,517 EVs to the 27 nations in the European trade bloc last month, up 61 percent from last year, according to customs data......»»
Tesla faces questions on robotaxi service, $25,000 model and flat sales in Q3 earnings report
Wall Street analysts expect a drop in Tesla's third-quarter margins after it boosted incentives to juice sales of its aging core vehicles, the Model Y crossover and Model 3 sedan......»»
GM is closing cold weather development center in Canada
After 50 years of research and development, General Motors is closing its Cold Weather Development Centre in Kapuskasing, Ont., saying the work done at the facility has become “redundant.”.....»»
GM raises 2024 guidance as Q3 revenue climbs 11%; net income flat
GM said it earned nearly $4 billion in North America as third-quarter revenue in the region jumped 14 percent to a record $41.2 billion......»»
AutoTrainer software reviews F&I conversations, trains staff using AI customers
Startup Anomaly Labs screens car dealers' finance office sales pitches to real-life consumers and uses AI customers for managers to role-play and improve......»»
Musk sued over ‘Blade Runner’ imagery during robotaxi unveiling
Elon Musk has been sued over ‘Blade Runner’ imagery. The production company filed a lawsuit accusing Tesla CEO Elon Musk of copyright infringement, saying it specifically declined to grant permission to use the images......»»
Daily 5 report for Oct. 21: Making sense of Q3 earnings reports beyond "beats" and "misses"
Innumerable disclosures figure into analyzing the overall health of a publicly traded company......»»
Ford, Calif. dealership can"t coerce customer into arbitration over lemon law complaint, appeals court rules
Ford Motor Co. and the dealership that serviced a 2020 F-250 Super Duty can't force the pickup's owners to arbitrate their lemon law claim, a California appeals court ruled......»»
Not just a surf wagon: Volkswagen has big plans for ID Buzz EV as its global robotaxi platform
Volkswagen's ID Buzz electric vehicle represents the company's global robotaxi platform. It's undergoing both hardware and software updates as the company works toward a 2026 launch of commercial service......»»
Porsche updates 911 GT3, offers track-focused Weissach package
The upper end of the Porsche 911 lineup is getting an update — and a track-focused Weissach package. The 2025 Porsche 911 GT3 starts at $224,495 with shipping and arrives at dealerships next summer. A naturally aspirated 4.0-liter flat-six ma.....»»
Brent Burns retiring as head of JM Family; Dan Chait to become CEO
JM Family Enterprises CEO Brent Burns will retire and be succeeded by President and COO Dan Chait. Chait will remain president when he becomes CEO on Jan. 1, JM Family announced......»»
When affiliated axle supplier Hino bailed, Toyota Texas jumped in
Toyota Motor Manufacturing Texas is quickly building a 500,000-square-foot axle plant near its front gate that will begin production in late 2026 after its axle supplier announced it was exiting the market......»»
Toyota axle plant hiring drive focuses on San Antonio"s military veterans
Toyota intends to promote its history of job stability and focus recruiting efforts on local veterans when it begins hiring for its new $541 million axle plant outside its truck plant in San Antonio......»»
For dealership AI adopters, success is mixed
Artificial intelligence has helped dealerships improve their back-office functions and service operations. Chatbots have been a mixed bag......»»
In Brazil, BYD bets on agribusiness to spur hybrid pickup sales
Launching a hybrid pickup at a price premium to its rivals, and significantly more than the $53,400 the same vehicle costs in Mexico, represents something of a gamble......»»
Forvia posts slightly lower Q3 sales, but wins new business from Chinese automakers
Forvia said it underperformed the local automotive production in China due to “customer mix evolution and start of productions delayed from 2024 to 2025.”.....»»
Teslas don"t work as green squad cars, California police say
As an increasing number of cities in California require departments to buy zero-emission vehicles, police say the Teslas they're being put in make their jobs harder......»»