Self-driving tech firm Aurora hires its first president
Ossa Fisher will play a central role in scaling operations and maintaining relationships with key partners as the company readies to launch driverless trucks next year......»»
Upstart: Layoffs won"t significantly alter auto lending, digital retail businesses
Though layoffs occurred within its auto businesses, Upstart doesn't expect its auto digital retail and underwriting operations to experience major impacts......»»
GM Financial profit slips in Q4 as interest rates rise
General Motors' captive lender said it experienced the effects of lower net leased vehicle income and higher interest costs......»»
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......»»
GM hires former Tesla exec to head mergers and acquisitions
The automaker's newest vice president, Zach Kirkman, spent six years at Tesla and six years at Apple prior to that......»»
GM plans $2 billion in cost cuts after record 2022 earnings
GM Q4 net income rises 15% to $2 billion; revenue surged 28% to $43.1 billion; shares rise......»»
U.S. seeks Tesla driver-assist documents
NHTSA is seeking Tesla driver-assist documents as the automaker is under criminal investigation over claims its EVs could drive themselves......»»
LIFO tax relief bill for dealers to be reintroduced in House
House sponsors plan to reintroduce the Supply Chain Disruptions Relief Act, which would give dealerships up to three years to replace their inventory before having to pay taxes on inventory sales from 2020 or 2021......»»
California lawmakers want to prohibit fully autonomous trucking
The California Labor Federation and several Teamsters locals rallied in Sacramento for proposed legislation requiring a trained safety driver to be in the cab during any testing or operations of autonomous vehicles weighing more than 10,001 pounds......»»
NHTSA opens probe into nearly 87,000 Kia Tellurides after reports of high-beam failure
NHTSA's Office of Defects Investigation said it has received 23 complaints alleging a complete loss of high beams with no reengagement in 2020 Kia Telluride large crossovers......»»
GM to co-develop Nevada lithium mine as it ramps up EV production
The automaker says it will acquire a $650 million equity stake in Lithium Americas Corp. in a deal that will produce enough lithium for 1 million EVs a year......»»
GM Q4 net income rises 15% to $2 billion; revenue surged 28% to $43.1 billion
GM's adjusted profit in North America soared 69 percent in the quarter to $3.7 billion......»»
NHTSA opens probe into nearly 1.9M Ford Explorers after reports of windshield trim detaching
NHTSA's Office of Defects Investigation said it has received 164 complaints on 2011-19 Ford Explorers alleging the windshield trim piece detached while driving at highway speeds......»»
Toyota to EV-only extremists: Science says you"re wrong
Toyota cites new facts and figures to back up its claim that a multipronged approach of blending EVs with hybrids and other green technologies will do more good in the global battle to cap carbon dioxide emissions......»»
Renault cedes power at Nissan for uncertain benefits
A deal to restructure the Renault-Nissan alliance gives Nissan more ability to do what it wants but for the French automaker the benefits of the revamp are potentially quite limited......»»
VW will not match Tesla price cuts for its EVs, CEO Blume says
VW aims to become a global leader in EVs through profitable growth, not discounting, CEO Oliver Blume tolda German newspaper......»»
GMC Hummer SUV, Canyon pickup output begins
Deliveries of both trucks will start by the end of March, GMC officials said Monday......»»
Ford-CATL EV battery plant being "aggressively" pursued by Michigan
Michigan appears poised to land the lithium iron phosphate battery project between Ford and China's Contemporary Amperex Technology Co. Ltd., but Ford has yet to confirm or announce such a project......»»
Truck maker AB Volvo penalized $130 million by NHTSA over delayed recalls
NHTSA says heavy truck manufacturer AB Volvo agreed to a three-year consent order that includes one of the largest-ever penalties for violations under the recall law......»»
U.S. lender Citizens stepping back from auto loans
Citizens cut back on auto lending last year and plans to reduce its auto loans further this year......»»