NIO boosts size of share sale by 20% amid EV stock frenzy
China’s NIO Inc. boosted the size of its capital raising by almost 20 percent as investors rush stock sales by EV makers. The U.S.-listed, Shanghai-based firm sold 88.5 million American...
Toyota’s new factory idea for small-batch production
The factory employs numerous new manufacturing technologies for low-volume output of niche vehicles, without losing money. It relies on a rare mix of high-skilled human labor and high-tech automation. "We...
‘No advantage’ to having battery plant, Ford says
A Trefis analysis from January concluded that Tesla's Gigafactory is paying dividends. The study, published in Forbes, estimated the automaker's battery costs fell 45 percent from 2016 to 2019, an...
Mitsubishi says former Chairman Masuko has died
TOKYO -- Mitsubishi Motors' former Chairman, Osamu Masuko, died from "cardiac insufficiency" on Aug. 27, the Japanese automaker said in a statement on Monday. He was 71. Masuko, a veteran...
Mayflies a dark spot on GM’s launch of big SUVs
Bug stains marring the launch of General Motors' most profitable SUVs?Add mayfly mayhem to the list of auto industry problems in 2020.GM believes the insects, also known as fishflies, are...
Hurricane Laura’s impact on Gulf Coast car dealers, supply unclear
Inventory was on Texas dealer Mitchell Dale's mind as he prepared for Hurricane Laura. He moved 200 vehicles at his McRee Ford store in Dickinson to higher ground ahead of...
Toyota shoots for the moon with Lunar Cruiser
Japan is pitching the rover, and Toyota hopes for a decision from the international consortium on whether to use its proposal by year's end, Sato said. Part of the competition...
Gentex adds DVR feature to mirror camera, which will first appear in Toyota Harrier
Gentex, the Zeeland, Mich., supplier of mirrors and other automotive electronics, has added a new feature to its camera-based rearview mirror: a built-in digital video recorder that automatically preserves accident...
McLaren lays foundation for its electrified future with new architecture
The hybrid will have a higher power output than McLaren's entry Sports Series vehicles, but it will slot below the 720S from the brand's midrange Super Series, he said."We would...
U.S. supply of VW ID4 expected to be limited
Volkswagen of America CEO Scott Keogh told Automotive News Publisher Jason Stein in a podcast interview to be broadcast this week that ID4 supply is expected to be tight for...