Has Tesla’s stock slump gone too far?
After losing nearly $300 billion in market value in two months, a growing chorus of Tesla Inc. analysts say the share-price decline has gone far enough. Morgan Stanley analyst Adam...
Continental names new CEO of North American unit
German auto supplier Continental AG has promoted Aruna Anand to CEO of the company's automotive group sector in North America as it aims to adapt to a changing industry. Anand,...
Toyota dials down December output plan
TOKYO – Toyota Motor Corp. is dialing down global output in December after it slashed its fiscal year production outlook by half-a-million vehicles due to ongoing supply chain upheaval. The...
Venture capitalists on auto, mobility tech startups
Tech startups in the automotive industry and mobility space are phenomenal at innovating but terrible at scaling up their operations, Quin Garcia, co-founder and managing director of Silicon Valley venture...
Honda Civic Type R: Small changes lead to big upgrade
A storied Honda nameplate has been retooled for 2023, with the automaker marking it as the most powerful vehicle ever produced by the brand. With 315 hp and 310 pound-feet...
Vision Automotive sells 10 dealerships to Atlantic Coast Automotive
New York's Vision Automotive Group sold 10 dealerships to Atlantic Coast Automotive Inc., according to the Rochester Business Journal and a person briefed on the transaction. Atlantic Coast Automotive, of...
Worries mount as Carvana shares plunge 97%
Average price targets on the stock have now sunk 94 percent since the beginning of the year, and have dropped nearly 60 percent from where they were at the end...
VW sees China sales dropping on COVID-Zero policy return
Volkswagen Group has lowered its sales target in China by roughly 14 percent for this year as the country reinstates its COVID-Zero policy that led to widespread supply-chain disruptions for...
Lithia Motors hires Adam Chamberlain, former Aston Martin Americas president
Lithia Motors Inc. has hired former Aston Martin Americas and Mercedes-Benz USA executive Adam Chamberlain as regional president of operations for the growing auto retailer's East region. Chamberlain's arrival at...
LG Chem commits to $3.2B EV battery cathode plant in Tenn.
LGES, which supplies batteries to Tesla Inc., Ford Motor Co. and Hyundai Motor Co. among others, last month raised its 2022 revenue outlook to 25 trillion won ($18.4 billion) from...