Industry

  • California state capitol, Sacramento

    While New York City is closer than ever to implementing a congestion charge, and thus becoming the first city in the United States to do so, a similar idea has been floated in Los Angeles. According to a report from The Los Angeles Times, the city is looking to follow in N.Y.'s footsteps and may introduce its own congestion charge. These types of charges have not been implemented in the U.S., though they continue to expand in parts of Europe. London is most notable for charging a fee to enter parts of the city. The benefits include reduced traffic, pollution, and speedier public transit. An...

  • Aston Martin AM-RB 003 and Vanquish Vision concept
    Aston Martin trademarks "Valen" name, but what's it for?

    A new trademark has surfaced from Aston Martin for the name "Valen," but it's not entirely clear how the automaker plans to use it. The trademark was first filed with the Lebanese trademark office in October 2018, and the name was then trademarked in the United Kingdom this year. AutoGuide first...

  • Torc Robotics headquarters in Blacksburg, Virginia
    Daimler to bring self-driving trucks to the road with America's Torc Robotics

    The commercial vehicle arm of Mercedes-Benz parent company Daimler on Friday announced it acquired a majority stake in Torc Robotics, a company based in Blacksburg, Virginia, developing self-driving systems for multiple vehicle categories, ranging from SUVs to 300-ton mining trucks. The deal, which...

  • Jozef Kaban
    Rolls-Royce's new design chief is the man who penned the Veyron

    Rolls-Royce has been without a head designer since Giles Taylor stepped down last September after a 6-year stint to join China's FAW Group, where he's been tasked with helping shape future products from a revived Hongqi. The situation at Rolls-Royce finally changed on Monday with the appointment of...

  • 2019 BMW i3
    BMW i2 rumored as first BMW-Daimler joint project, could replace i3

    BMW and Mercedes-Benz parent company Daimler appear to be setting aside their decades-old rivalry for the good of cost-cutting. A new report claims the two German auto giants will pursue joint development of a platform for future electric cars. For BMW, this model is reportedly set to be called the...

  • Lyft car with trademark pink mustache (via Wikimedia)
    Lyft IPO priced at $72 per share, values company at $24B

    Ride-hailing company Lyft announced late on Thursday that it has priced its initial public offering at $72 per share, valuing the company at close to $24 billion. Shares are expected to be listed on the Nasdaq on Friday under the ticker symbol LYFT, and the offering is expected to close on April 2...

  • Ford and Volkswagen logos

    New alliances are forming in the auto industry as the major automakers prepare for a reality where instead of owning their own car and dealing with traffic every day, people get around in fleets of self-driving taxis operated by mobility companies. In February, BMW Group and Daimler merged all of their respective mobility companies under the one umbrella, with the goal to eventually add self-driving cars into the mix. And on Thursday, Honda and commercial vehicles brand Hino announced they were joining Monet, a mobility company established by Toyota and investment firm SoftBank in 2018. Monet...

  • Toyota e-Palette self-driving electric mobility concept
    Honda and Hino join Toyota's self-driving car company Monet

    Honda and Japanese commercial vehicles brand Hino announced Thursday they are joining the mobility company Monet established by Toyota and Japanese investment firm SoftBank last October. Monet, whose name is a portmanteau of “mobility” and “network,” will initially offer a...

  • Smart Forease+ concept
    Future Smarts to be built in China in joint venture with Geely

    Daimler's troubled minicar brand Smart has been thrown a lifeline by Geely which will help with the development of a next-generation lineup to be built in China and sold globally. Daimler and Geely on Thursday signed an agreement to form a 50:50 joint venture based in China to own, operate and...

  • Faraday Future completes first pre-production FF91 on August 28, 2018
    Faraday Future's latest lifeline: a Chinese video game company

    Faraday Future, the California-based electric car startup, has been in limbo since the middle of last year due to financial woes, but the company has received a new lifeline. It comes from a rather unlikely place: a Chinese video game company. The startup announced it has signed a joint-venture...

  • Daimler in-car gaming development competition
    Daimler wants your help for in-car gaming ideas

    We don't know when or if self-driving cars will take over the roadways, but it's inevitable they'll change the way we spend time in the car. Mercedes-Benz's parent company, Daimler, recognizes that massive changes are afoot and has launched a competition called the In-Car Gaming Challenge to...

  • 2019 Chevrolet Silverado 1500
    2019 Chevrolet Silverado diesel one-ups Ford, Ram with best-in-class power figures

    The pickup truck wars wage on, and the 2019 Chevrolet Silverado has fired a shot at Ford and Ram. The Silverado 1500, and its GMC Sierra 1500 cousin, feature best-in-class power figures for a light-duty pickup equipped with a diesel engine. General Motors announced at the 2019 Silverado's debut at...

  • PSA Peugeot Citroën logo

    Fiat Chrysler Automobiles earlier in the year rejected a merger offer made by PSA Group, The Wall Street Journal reported on Friday. Citing people familiar with the matter, the newspaper reported that PSA proposed funding the merger with an equity swap in order to keep its debt levels down but apparently FCA's controlling shareholder, the Agnelli family of Italy, wasn't too keen on accepting PSA's shares. The news comes after the heads of both automakers told journalists separately at this month's Geneva International Motor Show that the possibility of an alliance with another automaker was...

  • 2019 Buick Regal Avenir
    GM trademarks Envista name for potential future Buick

    Buick may have something called the Envista in the pipeline, but what that is, we don't know yet. Parent automaker General Motors filed the trademark with the United States Patent and Trademark Office on March 19 for use with "motor land vehicles, namely automobiles." We always take trademark...

  • First production 2020 Toyota Supra
    First customer examples of 2020 Toyota Supra roll off the line

    It's been a long time coming, but the first customer examples of the 2020 Toyota Supra have finally begun production. After years of teasing, spy photos, and a debut in Detroit earlier this year, job one is complete. Toyota made the production announcement official on Sunday and said the first...

  • 2018 Land Rover Range Rover Evoque
    Court sides with Jaguar Land Rover in Chinese Evoque copycat case

    Four years after Chinese brand Land Wind revealed the X7 SUV, a nearly identical copy of the Land Rover Range Rover Evoque, the British luxury brand has scored a win in Chinese court. Autocar reported Friday that the Beijing Chaoyang District Court sided with Land Rover and found Jiangling Motor...

  • 2019 Tesla Model 3 Performance
    Tesla referral program returns, but with a twist

    Tesla operated a very generous referral program for years but axed it on Feb. 1 due to high costs. Less than two months later the referral program is back—with a few twists. A lot of the benefits remain from the old program, but they've been drastically scaled back. For example, the old...

  • 2019 Chevrolet Blazer
    New Chevrolet electric car coming, $300M investment in Michigan plant

    The General Motors Orion Township plant in Michigan will be home to a new Chevrolet electric car, the automaker announced Friday. GM will invest $300 million in the facility, to build the new Chevy electric vehicle and bring 400 new jobs to the plant. The announcement did not address specifics on...

  • Left to right: Volkswagen ID, ID Buzz and ID Crozz concepts

    Last week Volkswagen Group announced plans to double-down on building electric cars with 20 new models and an additional 7 million cars over five years. So far it's said that the battery cells for its MEB vehicles will come from four different global suppliers: CATL, LG Chem, Samsung, and SK Innovation. Now VW has announced that it is working to develop local battery technology and production in Europe by partnering with Northvolt, a startup Swedish battery manufacturer that has plans to build one of the largest battery factories in the world. Mass-market electric carmakers, it turns out, are...

  • First completed tub at McLaren Composites Technology Center in Yorkshire, England
    McLaren's new carbon fiber center delivers first tub

    McLaren continues to post record after record in sales, meaning capacity at its plant in Woking, England, is tighter than ever. And with more models on the way, the company last November established a separate plant in Sheffield, England, to build the carbon fiber monocoque tubs that underpin each...

  • Faraday Future completes first pre-production FF91 on August 28, 2018
    Faraday Future sells headquarters in leaseback deal

    Faraday Future has sold its headquarters in Gardena, California, and is leasing it back for now. Real estate company Atlas Capital purchased the site on March 8 and is leasing it back to the electric car startup, which originally bought it in 2014 for $13.2 million, The Verge reported on Wednesday...

  • First Ford Mustang Shelby GT350R rolls off the line at Flat Rock Assembly Plant in Michigan
    Flat Rock plant will be home to Ford's next-gen Mustang, EVs

    Ford on Wednesday announced a shakeup in production plans for future electric and self-driving cars. Under the latest plans, the Flat Rock Assembly Plant south of Detroit will become a production hub for Ford's electric cars, though the site will also continue to build Mustangs—including a...

  • PSA Peugeot Citroën logo
    Could PSA Group be a potential partner for FCA?

    There's growing speculation that France's PSA Group is, at the very least, open to the idea of a merger or acquisition of Fiat Chrysler Automobiles. The heads of both automakers reportedly told journalists separately at this month's Geneva International Motor Show that the possibility of an...

  • 2019 BMW 3-Series
    Ineos' Land Rover Defender rival to be powered by BMW

    Ineos, a chemicals giant based in the United Kingdom, has established an automotive division tasked with developing a hardy vehicle along the lines of the original Land Rover Defender to target mining explorers, forestry workers, farmers and off-road enthusiasts. The off-road vehicle is being...

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