Kia, Hyundai anti-theft software fixes a work in progress
Kia and Hyundai have notified dealers that there are problems with a software fix that's being offered as a way to prevent vehicles from being hot-wired......»»
GM battery materials investment in Quebec to top $1 billion
General Motors and South Korea's Posco Future M said they will invest more to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion......»»
Elon Musk political shift seeks new Tesla buyers, analyst says
Musk's embrace of conservative Republican presidential candidate Ron DeSantis and hot-button topics on Twitter could help Tesla with reluctant EV buyers in red states......»»
NHTSA fails government audit for missing deadlines
In a report released Wednesday by the U.S. Transportation Department's Office of Inspector General, auditors reviewed a sample of investigations conducted in 2018, 2019 and 2021 to determine whether the agency has adequate tools, processes and resour.....»»
Franchise Equity Partners reveals $55M minority stake in Parks Automotive Group
Franchise Equity Partners invested $55 million in Parks Automotive Group, to acquire a minority stake in the group. The announcement comes months after Parks Automotive, with the investment firm, bought two Stellantis stores near Charlotte, N.C......»»
GM"s Barra: Profit potential in "above and beyond" tech, not heated seats
Software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle's first owner, Barra said......»»
Stellantis, GM pay $363 million in U.S. fuel economy penalties
The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017......»»
Kia, Hyundai struggling with anti-theft software fix
Kia and Hyundai have notified dealers that there are problems with a software fix that's being offered as a way to prevent vehicles from being hot-wired......»»
3-row VW ID Buzz poised to make a bigger splash in North America
The electric, modern-day interpretation of Volkswagen's Microbus for North America has one more row, a bigger battery and more power than its European counterpart......»»
Kia no longer just a value brand, says America CEO Sean Yoon
Kia America CEO Sean Yoon said the company has gone through a transformative image overhaul, with new emphasis on crossovers and more disciplined incentive spending to improve consumer perception......»»
Canadian partners buy first dealership, in the U.S.
PATH Auto Group partners Phil Alalouf and Todd Hewitt in April purchased their first dealership, a Volkswagen dealership in California......»»
Rivian may lose Nasdaq spot after 90% selloff, JPMorgan says
The index typically removes the smallest members of the Nasdaq 100 if the company is weighted at less than 0.1 percent of the gauge for two consecutive months......»»
Pre-COVID inventory levels may not return
The automotive industry's "new normal" might be characterized by lower inventory levels than before the pandemic, as well as more of an emphasis on pre-selling and secure supply chains, Cloud Theory says......»»
Infiniti gets new global boss with Jose Roman
Jose Roman, a native of Ecuador, joined Infiniti parent Nissan Motor in 2012 and has more than 25 years of automotive experience in such markets as Mexico, Colombia, Brazil and Japan. He takes the helm of Infiniti on July 1......»»
Ford sues Blue Cross Blue Shield in antitrust case over ‘astronomical" profit
Ford sued Blue Cross Blue Shield Association in U.S. court on Wednesday, accusing it of a price-fixing conspiracy that caused the automaker to pay inflated costs for health insurance products for its employees......»»
Rivian cancels "tank turn" feature to prevent trail abuse
CEO RJ Scaringe says the R1T pickup can spin like a tank — as shown in a viral 2019 video — but the potential for environmental damage is too great......»»
Elon Musk is accused of insider trading by investors in Dogecoin lawsuit
Investors said Musk used Twitter posts, online influencers, his 2021 appearance on NBC's "Saturday Night Live" and other "publicity stunts" to trade profitably at their expense......»»
Nobody wants to budge at UAW strikes in Ohio, Michigan
UAW workers at two auto parts supplier plants remain on strike in suburban Toledo and suburban Detroit. The UAW is in talks with the company in Detroit but no negotiations are scheduled in Toledo......»»
Ed Morse Automotive bolsters Illinois footprint
Ed Morse Automotive Group further bolstered its domestic brand store offerings with the purchase of three Illinois dealerships in two May acquisitions......»»
Stellantis promotes design execs Galante, Nagode after 2 departures
Jeep head designer Mark Allen is retiring and North American interior design lead Chris Benjamin left for VW's Scout Motors brand......»»