Audi partners with Swiss Sauber for Formula One
FRANKFURT/LONDON -- Audi has agreed to take a stake in Swiss-based Sauber Group, whose team will become the German automaker's works entry in Formula One from 2026. No financial details...
Group 1 Q3 earnings rose 14% on record revenue
Group 1 said it acquired a BMW and Mini dealership, along with a collision center, in the United Kingdom in September, an acquisition the group said is expected to generate...
Why the Polestar 3 will be delivered late to dealers
The Polestar 3 shares a platform with affiliate Volvo Cars' next-generation EX90 full-size crossover. Software issues related to the platform are said to have complicated the development of both models,...
Ford-, VW-backed Argo AI to shut down
Volkswagen said it is no longer investing in Argo AI and plans to focus its automated driving efforts on its existing partnerships with Bosch and Horizon Robotics in China. Volkswagen...
Ford Q3 earnings: $827 million loss on Argo AI shutdown
DETROIT — Ford Motor Co. on Wednesday posted a third-quarter loss of $827 million that it largely blames on newly revealed plans to shut down Argo AI, a self-driving vehicle...
Tesla faces criminal probe in U.S. over self-driving claims
Tesla Inc. is under criminal investigation in the United States over claims that the company's electric vehicles can drive themselves, three people familiar with the matter said. The U.S. Department...
Ford loses $827 million in Q3 as self-driving tech partner folds
DETROIT — Ford Motor Co. on Wednesday posted a third-quarter loss of $827 million that it largely blamed on newly revealed plans to shut down Argo AI, a self-driving vehicle...
Ford, VW-backed Argo AI to shut down, report says
Self-driving startup Argo AI will shut down operations and its employees and parts will be absorbed by its main backers, Ford Motor Co. and Volkswagen Group, TechCrunch reported on Wednesday,...
U.S. dealership turnover tumbles as employee earnings soar
Automotive News used the percentage increase figure and data from last year's study covering 2020 to calculate estimated average annual earnings for dealership employees in 2021. Last year's study, which...
Rivian’s quick response to recall shows value of direct-to-consumer model, CEO says
CEO RJ Scaringe said the company has earned some goodwill from customers who witnessed a nimble, in-house service operation that could also lean on its mobile service fleet for quick...