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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......»»

Source:  AutonewsCategory: Top56 min. ago Related News

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......»»

Source:  AutonewsCategory: Top4 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top4 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top5 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top5 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top7 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top7 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top7 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top7 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top7 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top7 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top11 hr. 55 min. ago Related News

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......»»

Source:  AutonewsCategory: Top11 hr. 55 min. ago Related News

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......»»

Source:  AutonewsCategory: Top11 hr. 55 min. ago Related News

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......»»

Source:  AutonewsCategory: Top14 hr. 23 min. ago Related News

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......»»

Source:  AutonewsCategory: Top14 hr. 23 min. ago Related News

GMC Hummer SUV, Canyon pickup output begins

Deliveries of both trucks will start by the end of March, GMC officials said Monday......»»

Source:  AutonewsCategory: TopJan 31st, 2023Related News

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......»»

Source:  AutonewsCategory: TopJan 30th, 2023Related News

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......»»

Source:  AutonewsCategory: TopJan 30th, 2023Related News

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......»»

Source:  AutonewsCategory: TopJan 30th, 2023Related News