Industry
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Lyft has become the first ride-hailing company to go public, with its shares to be listed on the Nasdaq under the ticker symbol LYFT.
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Honda and Hino join Toyota's self-driving car company MonetHonda and Hino have jumped on board Monet, a mobility-as-a-service company established by Toyota and SoftBank in 2018.
Viknesh Vijayenthiran -
Future Smarts to be built in China in joint venture with GeelyDaimler and Geely will form a 50:50 joint venture in China to oversee development and production of future cars from Smart, the first of which are due in 2022.
Viknesh Vijayenthiran -
Faraday Future's latest lifeline: a Chinese video game companyFaraday 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...
Sean Szymkowski -
Daimler wants your help for in-car gaming ideasWe 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...
Sean Szymkowski -
2019 Chevrolet Silverado diesel one-ups Ford, Ram with best-in-class power figuresThe 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...
Sean Szymkowski -
General Motors has filed for trademark protection for the Envista name, which a company spokesman has confirmed would be reserved for Buick if it ends up being used.
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First customer examples of 2020 Toyota Supra roll off the lineThe A90 Toyota Supra is finally in production. The first example has already been claimed, however, as the rights to the car were put up for auction at a charity sale in January 2019.
Sean Szymkowski -
Court sides with Jaguar Land Rover in Chinese Evoque copycat caseJaguar Land Rover scored a rare victory for intellectual property patents in China.
Sean Szymkowski -
Tesla referral program returns, but with a twistTesla's new referral program for buyers rewards word-of-mouth but at a different rate than the old system. Getting a free Tesla is still possible, but the rules have changed.
Sean Szymkowski -
New Chevrolet electric car coming, $300M investment in Michigan plantThe 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...
Sean Szymkowski -
Volkswagen looks to develop European batteries for EVsLast 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...
Eric C. Evarts -
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 of its cars. Called the McLaren Composites Technology Center, the new plant on Friday shipped its first completed tub to the main site in Woking, located approximately 175 miles to the south. The first tub won't make it into one of McLaren's supercars. Rather, it will be used for crash testing...
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Faraday Future sells headquarters in leaseback dealFaraday 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...
Viknesh Vijayenthiran -
Flat Rock plant will be home to Ford's next-gen Mustang, EVsFord 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...
Viknesh Vijayenthiran -
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...
Viknesh Vijayenthiran -
Ineos' Land Rover Defender rival to be powered by BMWIneos, 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...
Viknesh Vijayenthiran -
Ford ups Expedition, Navigator production a second time due to soaring demandFord announced Tuesday that it will increase production of the Expedition and its pricey Lincoln Navigator twin by 20 percent this summer to meet soaring demand. The increase comes after Ford upped the production of the SUVs by 25 percent a year ago when the vehicles were last redesigned. The...
Viknesh Vijayenthiran -
Faraday Future only a few short years ago planned to spend $1 billion to build a sprawling high-tech facility north of Las Vegas to churn out its electric cars. However a cash crunch in late 2016 meant the Chinese-backed, Californian EV startup had to scale back its plans, including abandoning the construction of the North Las Vegas plant in favor of leasing a former tire plant in Hanford, California. Faraday Future on Wednesday finally announced that it is seeking a buyer for the North Las Vegas site. The automaker had until now hoped to retain the site for a second, larger plant to join the...
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Bentley Mulsanne recalled for detaching seat bucklesSometimes, the finest of automobiles can't escape a pesky recall. In this case, it's the Bentley Mulsanne, which has been recalled over rear seat safety belt buckles that may detach. Apparently, the rear seat buckles may totally detach from the seat in the event of a crash, which is a mighty ironic...
Sean Szymkowski -
2020 Ford Explorer fights punctures with self-sealing tiresThe 2020 Ford Explorer will do its darnedest to make sure a tire puncture won't immediately put a driver on the side of the road with self-sealing tires from Michelin. Michelin's self-sealing tires aren't new—they were developed for the Chevrolet Bolt EV—but the 2020 Explorer marks the...
Sean Szymkowski -
Peugeot will focus on compact, mid-size segments for its US returnWe already knew that the French brand Peugeot will once again be sold on U.S. shores after exiting the market in 1991. Now we know more about how the French company plans to tackle operations on these shores thanks to a Tuesday report from Automotive News Europe (subscription required). The Peugeot...
Sean Szymkowski -
Toyota patent details fragrance system to bombard thieves with tear gasToyota has an idea that sounds like it came from James Bond's Q Branch. It would turn a seemingly harmless fragrance dispenser into something of an anti-theft device. A new patent from the Japanese automaker details a system that can spew tear gas at would-be carjackers. Australian website WhichCar...
Sean Szymkowski -
Infiniti says goodbye to the QX30, Western EuropeWestern Europeans will have one fewer luxury brand to consider when shopping for a new car. Nissan's luxury division, Infiniti, announced a global restructuring on Tuesday that will see the brand exit Western Europe in early 2020. The changes do not affect any operations in Eastern Europe, however...
Sean Szymkowski