Industry

  • Carlos Ghosn

    In an emergency meeting following the charges placed by Japanese authorities against Carlos Ghosn and his subordinate Greg Kelly on Monday for financial misconduct related to the reporting of salaries at Nissan, the board of directors at French automaker Renault have decided to retain Ghosn as chairman and CEO for the time being. The preliminary conclusion of Renault's board is that Ghosn's salary, and the conditions under which the salary was approved, were in compliance with applicable law. According to the charges, Ghosn and Kelly understated Ghosn’s earnings from 2011 to 2015 by...

  • 2018 Honda Clarity Plug-In Hybrid, Hudson Valley, NY, Apr 2018
    Battery breakthrough could lead to more stable, higher-density batteries

    Honda believes it has discovered a breakthrough in solid-state batteries that could lead to higher-density units compared to today's lithium-ion batteries. The new battery is also much more stable, a boon over today's lithium-ion batteries which pose a risk of overheating due to their property...

  • First Tesla Model 3 AWD Performance produced
    Tesla seeks $167M from ex-employee in ongoing legal battle

    Tesla sued a former employee for allegedly stealing confidential photos and video of Tesla's manufacturing systems and other trade secrets this past summer, and it's just been reported the electric car company is seeking $167 million in damages from the lawsuit. CNBC reported Tuesday that Tesla's...

  • 1985 Chevrolet K10
    Generation X, Millennials take over in the classic car market

    For the first time, individuals that make up Generation X and Millennials have surpassed Pre-Boomers and Baby Boomers as the largest share of those interested in classic car ownership. Popular classic car insurer Hagerty released data findings on Tuesday that showed Gen Xers and Millennials...

  • Bram Schot
    Bram Schot officially replaces Rupert Stadler as Audi CEO

    Audi on Wednesday confirmed Bram Schot will serve as its new CEO starting January 1, 2019. Schot, currently the sales and marketing boss at the German automaker, has served as interim CEO since June. He was asked to take over after former CEO Rupert Stadler was arrested in relation to a German...

  • Daimler future electrified vehicles
    Daimler to spend $22.75B on batteries through 2030

    German automaker Daimler has put its money where its mouth is with its promise of a fully electrified future: the company announced Tuesday that it will purchase $22.75 billion worth of batteries through 2030. The automaker has plans to not only go all-in on electrification for the Mercedes-Benz...

  • Volkswagen logo

    Volkswagen's 2015 diesel emissions scandal isn't entirely in its rearview mirror yet, and now another scandal threatens the automaker. VW confirmed this week that it sold thousands of pre-production Volkswagen vehicles as used cars, which did not meet regulations in the United States and Europe. German publication Handelsblatt reported on VW's admission after a spokesperson told reporters 6,400 pre-production cars were sold between 2006 and 2018. To make matters worse, Herbert Diess, CEO of VW Group, was aware of the practice since 2016 when he headed the Volkswagen brand. It took the...

  • Rivian R1S
    Pininfarina SUV will reportedly borrow Rivian tech

    Pininfarina will launch itself into the car business in 2020 with the Battista electric hypercar (previously PF0), but it will follow up its first act with an electric SUV that will reportedly use engineering from American electric car startup Rivian. Autocar India reported the news on Friday...

  • Tesla CEO Elon Musk on "60 Minutes"
    Elon Musk says he doesn't respect SEC, his tweets have no oversight

    Elon Musk stepped back into the limelight after a tumultuous year. The automaker he oversees, Tesla, was rocked with SEC investigations, production qualms, but turned a profit for the first time in years this year. In an interview with CBS' "60 Minutes" that aired Sunday, Musk recapped 2018 and...

  • Carlos Ghosn
    Ex-Renault Nissan boss Carlos Ghosn charged with financial misconduct

    The former head honcho of the Renault Nissan Mitsubishi Alliance, Carlos Ghosn, was charged by Japanese authorities on Monday for violating the country's financial reporting rules. The charges specifically relate to alleged false disclosures regarding Ghosn's salary made in securities filings for...

  • ZF exterior curtain airbag
    External airbags might be on your next new car

    German supplier ZF has developed external crash safety airbags for cars that could make their way to production in as little as two years. The company showed off an external airbag system at the recent Airbag 2018 Symposium in Germany. The system is quite similar to current technology used for...

  • Lamborghini Gallardo LP 570-4 Squadra Corse
    Lamborghini recalls Gallardo for faulty dashboard warning lights

    A small number of Lamborghini Gallardo models will need to return to dealerships after the Italian firm issued a recall for the supercar. In documents filed with the NHTSA in late November and published this week, Lamborghini said 1,152 Gallardo models suffer from faulty dashboard warning lights...

  • Bloodhound SSC conducts first public test - October 26, 2017

    Bloodhound Programme Ltd, the company behind the Bloodhound SSC land speed record attempt, was disbanded Friday after it failed to secure new funds. The attempt had been on hold since October 15 when Bloodhound entered administration, a process similar to bankruptcy protection. To get off the ground, it needed to raise some $33 million. “While not an insignificant amount, the [$33 million] Bloodhound requires to break the land speed record is a fraction of the cost of, for example, finishing last in a F1 season or running an Americas Cup team,” Andrew Sheridan, an appointed...

  • 2015 Maserati Ghibli
    Maserati Quattroporte, Ghibli recalled for damaged fuel lines

    Maserati Quattroporte and Ghibli owners should keep an eye on their mailboxes for a recall notice. The Italian brand has recalled 6,301 Quattroporte and Ghibli sedans over potentially damaged fuel lines. The brand said in documents filed with NHTSA in November that the damaged fuel lines could...

  • Hyperloop Transportation Technologies passenger pod
    HyperloopTT inks deal to build test track in Germany

    After showing off the design for its future passenger transport pod, Hyperloop Transportation Technologies announced a new deal to build a test track in Germany, Bloomberg reported Wednesday. The startup company, one of a few that aims to realize Tesla CEO Elon Musk's vision for high-speed tunnel...

  • Waymo self-driving car prototype
    Waymo self-driving service won't launch in 2018 as promised

    Waymo won't launch a public self-driving car service this year, the company admitted Wednesday. Instead, the self-driving provider will offer a small-scale service in Phoenix, Arizona to existing volunteers that have already been screened. The limited service, called Waymo One, is a step toward...

  • Volkswagen ID Neo concept, 2016 Paris auto show
    VW's next-gen cars could be its last with internal combustion engines

    Volkswagen's generation of cars scheduled to start arriving around 2026 will likely be the brand's last to be fitted with internal combustion engines in most major markets. That's according to Michael Jost, strategy chief for the VW brand, who said the automaker will slowly phase out internal...

  • Herbert Diess
    VW boss hints at second US plant, sharing capacity with Ford

    Volkswagen Group CEO Herbert Diess dropped further hints about the German automaker's potential partnership with Ford following a meeting at the White House on Tuesday. Diess, together with Daimler boss Dieter Zetsche and BMW Group CFO Nicolas Peter, met with U.S. officials including Commerce...

  • Mazda MX-6

    Mazda is keen to keep its classic names from falling into other's hands as the Japanese automaker has filed to renew the the trademark for the name "MX-6." The company filed the trademark with the Japanese Patent Office in October before it was published to the online archives in November. AutoGuide first discovered the trademark in a Monday report. For those who don't recall, the Mazda MX-6 was sold from 1987 until 1997 in the United States. The front-wheel-drive coupe was hardly a sales success, but a GT model featured a turbo-4 engine that made a punchy 145 horsepower. The...

  • Volkswagen ID Buzz Cargo concept
    Electric cars could lead to end of FWD, say VW execs

    The front-wheel-drive layout may be approaching the end of its heyday if the future VW execs imagine comes to pass. In a roundtable interview at the 2018 LA Auto Show, Matthew Renna, North American head of e-mobility, said future electric cars will likely have their powertrains in the rear and use...

  • President Donald Trump (Photo courtesy Gage Skidmore/Wikimedia Commons)
    Trump tweets China will “reduce and remove” tariffs on US-made cars

    Following the G20 meeting in Buenos Aires, Argentina, over the weekend, President Donald Trump late Sunday took to Twitter to announce that China has agreed to “reduce and remove” the current 40-percent tariff on cars imported into the country from the United States. China has agreed to...

  • 2020 Lincoln Aviator
    Lincoln wants to hit the gas pedal on Chinese production due to tariffs

    Ford wants to accelerate its plans for a local production plant in China to build Lincoln vehicles as local tariffs begin to eat into profits. Joy Falotico, head of Lincoln and Ford’s chief marketing officer, told Bloomberg in an interview published Wednesday that even a small improvement...

  • August Achleitner (left) hand over Porsche 911 lead engineer role to Frank-Steffen Walliser (right)
    Porsche's "Mr. 911" is moving on and the newest sports car will be his swan song

    There are many Porsche purists out there but just one "Mr. 911" as far as the automaker is concerned. Porsche announced Tuesday at the 2020 Porsche 911's debut that August Achleitner, 63, will move on from the iconic sports car—just as the company revealed his final act. On Friday, Porsche...

  • GM Cruise AV self-driving car
    GM president takes over Cruise self-driving car business

    As a sign of the growing importance of its Cruise self-driving business, General Motors President Dan Ammann is taking over as CEO of the San Francisco-based startup. GM announced Thursday that Ammann will take over from current Cruise CEO Kyle Vogt on January 1, 2019. Vogt founded Cruise...

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