Industry

NEVS on Wednesday at the 2017 CES Asia taking place in Shanghai, China previewed a pair of electric cars destined for production and outlined a new mobility program to be run in the Chinese port city of Tianjin. NEVS is the company that bought the assets of Saab following the Swedish firm’s...

The Volkswagen Group’s diesel scandal is finally starting to settle here in the United States but over in Europe things are flaring up again. This time it’s the Audi and Porsche brands in the crossfire. Germany’s Wirtschaftswoche reported on Friday that Porsche is being...

Tesla owners carrying policies through AAA aren't going to like this news: rates are going up. AAA determined the Tesla Model S and Model X are both affected by abnormally high claim rates. In turn, AAA could raise rates up to 30 percent. Tesla has disputed the analysis by AAA and said the data is...

The driving force behind Ford’s first Focus RS and F-150 Raptor has now been tasked with churning out high-performance Volkswagens, including the next Golf R. We’re talking about motorsport veteran Jost Capito who has quit his job as CEO of the McLaren Formula One team to return to the...

Toyota on Saturday revealed that it sold its remaining shares in Tesla at the end of 2016. The Japanese automaker previously sold some of the shares in 2014. Toyota’s investment in Tesla followed that of Mercedes-Benz parent company Daimler in 2009. Daimler bought 10 percent of Tesla for an...

On a dedicated line at the Toyota Motomachi Plant in Aichi, Japan, Lexus’ most skilled craftspeople, known as Takumi, Japanese for “artisan,” work on LC production. Many of the same staff worked on Lexus’ LFA at the Motomachi plant and now they’re using the skills...

Chuck Norris' popularity reigns supreme, even though the actor and martial artist hasn't been featured in a movie to television show since 2001. We can thank the internet and a steady flow of memes for his continued popularity. Perhaps thanks to all the Chuck Norris jokes, he has a new role with...

The BMW Group confirmed on Thursday that Oliver Heilmer will take over as the new design boss at Mini. Mini's last design boss, Anders Warming, left the brand last summer to join Chinese-backed automaker Borgward. Heilmer is currently head of BMW Group’s Designworks studio and will start his...

Uber on Wednesday announced its first-quarter financial results and though shocking they actually represent an improvement on the preceding quarter. The ride-sharing giant lost $708 million in the first three months of 2017 on revenues of $3.4 billion. That compares with a loss of $991 million and...

Though it doesn’t get much publicity in the west, the China-led ‘One Belt, One Road’ trade initiative will influence the majority of the world’s population by reshaping numerous economies across the European, Asian and African continents and changing the way goods are...

Electric car startup Faraday Future could be on the ropes. In November, Jia Yueting, the CEO and founder of tech giant LeEco, Faraday Future’s Chinese backer, announced that his company was experiencing a cash crunch, due mainly to the major drain of Faraday Future as well as another electric...

Following Ford's decision this week to remove Mark Fields as CEO—and name Jim Hackett as his replacement— the automaker has now announced quite a shuffle of its executive deck around the world. Foremost, Raj Nair, formerly executive vice president, product development, and chief...

Famed driving instruction academy Skip Barber Racing School on Tuesday filed for bankruptcy. Specifically, the school, which has coached drivers since 1975, filed for Chapter 11 protection with a United States Bankruptcy Court for the Southern District of New York. Chapter 11 allows the company to...

Eleven firms from Japan's automotive and energy industries are banding together on hydrogen infrastructure. The firms, which include major automakers Toyota, Nissan and Honda, have signed a memorandum of understanding on collaboration toward the large-scale construction of hydrogen stations for...

Fiat Chrysler Automobiles' proposed fix for Ram and Jeep vehicles equipped with the company's 3.0-liter diesel V-6 is not enough to satisfy the U.S. Department of Justice as the department has just filed a civil complaint against FCA in regards to the diesel engines, which have been fitted to more...

China’s Zhejiang Geely Holding Group, the company that owns the Volvo, Lynk & Co and Geely car brands, on Wednesday agreed to purchase 49.9 percent of Lotus parent company Proton from current owner DRB-Hicom. As part of the deal, Geely will also purchase a 51 percent stake in Lotus. Terms...

Audi has promised to launch a fully self-driving car by 2021. The target date is a popular one as it’s close enough to be practical but at the same time far enough that should the target be missed few are likely to remember. Other automakers with a similar target include BMW, Ford...

Ralph Gilles may be one of the most highly respected automotive designers of the modern era, but he's not just about drawing lines and shaping figures: he's a car guy. He's not just a car guy either, he's a motorsports aficionado and has quite the penchant for track days. An episode of the new...

Aston Martin may be about to follow in the footsteps of Ferrari and launch an initial public offering. People familiar with the matter told Bloomberg that a decision hasn’t been made and that Aston Martin is waiting for its 2017 financial results before proceeding further. Should the go-ahead...

Ford [NYSF: F] announced Monday that President and CEO Mark Fields will be replaced with former Steelcase CEO Jim Hackett. According to a report from Forbes, the change is because Executive Chairman Bill Ford, Jr. and the rest of the board have lost confidence in Fields' leadership capabilities...