Hyundai to spend $12.6B on software-defined vehicles
TOKYO — Fast-moving Hyundai Motor Group says it will plow billions of dollars into developing software in a move to speed product development and boost revenue, including the creation of...
2023 BMW M2 grows footprint, power
BMW says the M2's 108.1-inch wheelbase is a critical factor in its agility. The wheelbase is 4.3 inches shorter than that of the BMW M4 coupe but 2.1 inches longer...
GM to take equity stake in Australian mining company
WASHINGTON -- General Motors said on Tuesday it will invest up to $69 million and take an equity stake in Queensland Pacific Metals to secure a new source of nickel...
Honda’s massive $4.4B plan for Ohio EV operations
"Over four decades, Honda has continued investing in Ohio, establishing comprehensive production, purchasing and product development capabilities," said Bob Nelson, executive vice president of American Honda's corporate services. The state...
Uber, Lyft shares fall on Biden worker classification plan
Uber Technologies Inc. and Lyft Inc. tumbled after the Biden administration issued a proposal for a federal rule that would change the way it approaches workers’ employment status, a move...
Tesla crushes U.S. competition in Q3 luxury deliveries
After trailing rival BMW in quarterly sales for more than a year, Mercedes-Benz rallied in the second quarter. But BMW grabbed the lead back in the latest quarter. BMW deliveries...
Hyundai, Kia supplier fined in U.S. for child labor violations
NEW YORK -- Authorities found children as young as 13 working at a Korean-operated supplier to automakers Hyundai Motor Co. and affiliate Kia Corp., and have fined the company and...
Toyota, Google Cloud partner to bolster speech recognition AI
Toyota is partnering with Google Cloud to bolster its artificial intelligence-based speech services.The partnership aims to improve in-vehicle infotainment systems' voice recognition, something drivers have continuously complained about in the...
Behind Lexus’ multicultural marketing approach
Lexus came out with a new campaign last week called “Never Lose Your Edge.” Why did Lexus choose a segmented approach, creating ads that sought to appeal to different demographics?...
Stellantis expands circular economy business unit
Stellantis says it aims to generate more than $2 billion through its circular economy business unit by 2030 and reach carbon net-zero status by 2038. The automaker said the main...