Aumovio, Continental's former autos unit, has received an exemption from China's ban on Nexperia chip exports. The German government said it is hopeful that other individual permits will quickly reach ...
OPmobility, formerly called Plastic Omnium, will be led by Felicie Burelle, a member of the founding Burelle family, until a new CEO is appointed.
The federal budget tabled Nov. 4 made no mention of EV rebates. That is despite repeated pledges by cabinet ministers this year about bringing back consumer incentives after the iZEV program ran out ...
Several major auto suppliers — including Forvia, American Axle & Manufacturing, Lear and Adient — are skipping CES this year, while Magna has scaled back its presence.
New-car sales in Germany remain below pre-pandemic levels as automakers retreat from the budget segment, and dwindling buying power has shifted demand to the used market.
Musk told investors Tesla’s growth depends on Optimus humanoid robots, Cybercab robotaxis and boosting vehicle production as autonomy nears.
The automaker cut its full-year forecast by 21 percent as EV costs and the chip shortage at Nexperia also weighed on profits.
Consumers can book for a month or longer before handing back the keys, skirting traditional car ownership nuisances such as maintenance and depreciation.
What we’re about to embark upon is not merely a new chapter of the future of Tesla, but a whole new book,” Musk said at the shareholder meeting.
GMC in St. Clair County, Mich. reopened for vehicle sales Nov. 6 after the state briefly suspended its license.
Production of the vehicle has been indefinitely idled as Ford deals with the fallout from a September fire at a supplier plant.
The dealership groups’ new vehicle gross profit per unit falls ranged from Sonic Automotive Group Inc.’s 1.5 percent to AutoNation Inc.’s almost 19 percent.