New Toyota CEO touts three-step plan to EV profits and productivity
TOKYO – For Toyota Motor Corp. raking in big profits from electric vehicles is as easy as 1, 2, 3. That's the vision from new CEO Koji Sato, who outlined...
Hyundai, Kia face state pressure to recall vehicles over thefts
The California attorney general and the attorneys general of 17 other states on Thursday asked a federal regulator to recall Hyundai and Kia vehicles, saying they are more likely to...
Software push upends automotive supply chain
But for the industry to unlock that much revenue by the end of the decade, it will need to move quickly. And the best way to do that is to...
AutoNation Q1 net income dropped 20 percent
AutoNation Inc.'s net income tumbled sharply in the first quarter as revenue slipped and the country's second-largest dealership group sold fewer new and used vehicles. AutoNation reported Thursday that first-quarter...
Leasing a Nissan Leaf just got cheaper
Nissan was an early proponent of local sourcing for the Leaf, when it constructed a dedicated battery plant next to its Smyrna vehicle assembly that produced its own battery cells....
New Lincoln president wants fewer dealers, refocused EV plan
NEW YORK — Lincoln's new president is working to galvanize the luxury brand's stalled revival by shrinking its dealer network, refocusing its electrification strategy and updating its products to spark...
JLR’s new identity: Range Rover, Discovery, Defender, Jaguar
JLR announced Wednesday that Jaguar's first car under its new strategy will be a four-door electric GT priced at more than £100,000 ($124,200) with a range of up to 700...
Genesis will hit 100,000 sales before end of decade, Jose Muñoz says
The luxury image Genesis has been working to advance — which includes opening high-style retail facilities with white glove sales and service — also needs refinement. "Until recently, Genesis was...
EV charging infrastructure needs field techs, engineers
High-quality chargers are critical to EV adoption and customer satisfaction, said Alex Ehrett, public policy and market development manager at charging company ABB E-mobility."Charging infrastructure is not set it and...
Lithia trims Driveway Finance Corp. income expectations
Lithia Motors Inc. lowered the forecast for its captive finance company, Driveway Finance Corp., for the next three years and expects a $40 million loss for the business this year....