Japanese supplier Marelli enters court-led reorganization
A key supplier for automakers Nissan and Stellantis, Marelli filed in March for an ADR procedure. Nissan said in a statement that Marelli was "an important partner" and it would...
Kia granted injunction to halt sale of Calif. dealership
A federal judge in California has issued a preliminary injunction in favor of Kia America Inc. and against the would-be seller and purported buyer of a dealership in Palmdale. U.S....
Why CarLotz is closing half of its stores 18 months after going public
CarLotz Inc., one of several online used-vehicle upstarts to benefit from pandemic-fueled momentum, is shuttering 11 stores — half of its brick-and-mortar locations — as it dials back growth plans....
Toyota, Subaru recall EVs over risk wheels could come loose; customers told to stop driving
Japan's safety regulator said sharp turns and sudden braking in the cars could cause a hub bolt to loosen, raising the risk of a wheel coming off the vehicle. The...
Toyota cuts Uber stake in half
Toyota Motor Corp has cut its stake in Uber Technologies Inc by about half, after the ride-hailing company divested the autonomous driving unit at the center of their collaboration. "The...
Spitzer acquires Ford and Chevy-GMC dealerships
Spitzer Management Inc., which does business as Spitzer Autoworld, on June 1 acquired two dealerships in northern Pennsylvania, according to the stores' seller Brian Wasko. Spitzer of Elyria, Ohio, bought...
Honda recalls more than 112,000 Ridgelines in U.S. ‘salt belt’ over fire risks
American Honda Motor Co. is recalling 112,060 vehicles in the U.S. after the discovery of a frame defect that could increase the risk of fire. The recall affects 2006-14 Honda...
Detroit drone company Airspace Link raises $23 million in venture capital
"As we go global, we do have to customize and deploy and localize the systems to languages and the rules and regulations," Healander told Crain's. "But otherwise, we have a...
China’s chipmaking industry helped by U.S. sanctions
China's chip industry is growing faster than anywhere else in the world, after U.S. sanctions on local champions from Huawei Technologies Co. to Hikvision spurred appetite for home-grown components. Nineteen...
GM launches feature to simplify public charging
General Motors is aiming to simplify the EV charging experience by allowing drivers to plug in and automatically charge their vehicles when using charge points on the Ultium 360 network,...