Newer AEB systems surpass older ones but still struggle at high speeds
Newer automatic emergency braking systems prevent about twice the number of crashes that older models do but still fail to stop crashes at high speeds, a challenge for automakers preparing to meet a strict new federal standard for the technology......»»
Hyundai Q3 earnings slump on lower demand
The earnings were hurt by warranty costs of 320 billion won ($231 million) for its Santa Fe crossover engines in the United States......»»
Sonic Automotive Inc.’s Q3 net income rises on tax benefit
Sonic Automotive Inc.'s third-quarter net income rises with assist from tax benefit......»»
Penske expands service-scheduling AI pilot nationally
Penske Automotive Group's artificial intelligence platform to improve customer service and increase service and parts revenue is expanding across the auto retailer's dealerships nationwide......»»
Tesla posts Q3 net income of $2.2 billion, forecasts sharply higher 2025 deliveries
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
Used-vehicle power players Carvana, CarMax see AI uses in inspections, appraisals and more
Used-vehicle sales giants are among auto retailers assessing and expanding applications of artificial intelligence......»»
Daily 5 report for Oct. 23: EVs get collateral damage from political attack ads
A study says 88 percent of political ads involving EVs are negative. The electric vehicle industry is worried about reputational damage. .....»»
GM Canada delays St. Catharines EV motor output until 2027, affecting 1,000 workers
Unifor opened a labor action center in Niagara Region this month to help about 1,000 members find work following layoffs and retooling delays at General Motors Canada’s St. Catharines Propulsion Plant. .....»»
Texas man, caught up in dealerships" feud, ticketed for missing license plate during test drive
Longo Toyota of Prosper said it was the first such incident, but police reportedly told the man they were having problems with area dealerships......»»
Lithia saved $50 million more than planned through Q3, sees another $100 million soon
Lithia Motors Inc. by the end of the third quarter reduced expenses by $50 million more than the group's original target for a cost-cutting initiative launched this year, COO Adam Chamberlain said Oct. 23 on the company's Q3 earnings call......»»
Tesla Q3 net income rises 17% to $2.2 billion; total revenue up 8% to $25.2 billion
Tesla said it expects to launch lower-cost models next year. "Plans for new vehicles, including more affordable models, remain on track for start of production in the first half of 2025.".....»»
GM sees China red ink grow in Q3 amid extended sales slump
GM is working to restructure its struggling business in China, where its market share has fallen amid heightened competition, particularly from domestic brands selling low-priced EVs......»»
VW pushes back launch of ID7 EV in the U.S. to ‘probably" 2025
The VW ID7 electric sedan, similar in size to the discontinued Passat midsize sedan, was supposed to launch in the U.S. in the third quarter, but now it looks like it will likely launch in 2025......»»
Overheard: Celebrate milestones big and small to bring service shop together
"Every little thing can be celebrated — a good month [or] a troublesome car that finally leaves. Go out and buy some ice cream bars and say, 'Guys that Bronco's out of here, let's take a minute and celebrate.' When an employee goes through training.....»»
Ford Bronco sales slide unconcerning to dealers after 2 years of markups
U.S. sales of the Bronco SUV are down 16 percent this year, but dealers and analysts say it's a function of supply and demand finally normalizing. Accessories and other add-ons remain lucrative......»»
1 Thing We"re Talking About: Mobile service platform Curbee names new CEO
Mobile service startup Curbee has named Amit Chandarana as its new CEO. He replaces Denise Leleux, who helped launch the startup after serving as director of global customer and ownership experience at Tesla......»»
Advanced driver-assistance systems could become $307 billion market by 2035, report says
Revenue from advanced driver-assist systems is expected to surge from just $1.7 billion in 2023, according to a report by Oliver Wyman Forum. The firm also expects massive revenue growth in EV charging services......»»
GM, Ford try to ease fleet customers" switch to EVs
Switching to an electric vehicle comes with a host of considerations, including when and where to charge it. For fleet operators, moving away from gasoline-powered vehicles also comes with business implications. Some companies might be interested.....»»
Column: Industry may need to think about Musk-Trump relations
We don't know why Elon Musk has become Donald Trump's biggest supporter, but he could be looking to regulate the regulators......»»
Wayve, a British automated driving startup, embarks on U.S. expansion
British automated driving startup Wayve has opened an office in Sunnyvale, Calif., where it will locate a test fleet that's learning how to drive on American roads......»»