Top Toyota supplier Denso mulls $3B chip unit spinoff
"We need to think about whether the time will come when we sell semiconductors, alone, externally," CTO Yoshifumi Kato said in an interview at Denso's headquarters in Aichi prefecture on...
Ferrari will add electric car production line
Ferrari cultivated one of the world’s most valuable brands long before it staged a smash success initial public offering in 2015. While the company continues to post enviable profit margins,...
Car dealers positive, but less optimistic about next 3 months
Cox surveyed 591 franchised and 555 independent dealers from Jan. 24 to Feb. 7 for the first-quarter index and 568 franchisees and 531 independents from April 25 to May 9...
Why the Tesla Autopilot driver-assist probe is being upgraded and expanded by U.S. regulators
WASHINGTON — U.S. auto safety regulators have upgraded and extended an investigation of Tesla's Autopilot advanced driver-assistance system to cover an estimated 830,000 vehicles from the 2014-22 model years. The...
Cadillac Project GTP Hypercar previews endurance race car
Cadillac is going dramatic with a prototype of its third-generation endurance race car, the Project GTP Hypercar.Introduced Thursday, it previews the race car Cadillac will use to contest the 2023...
Tesla dominates EV, luxury segments; Ford, Kia, Hyundai top mainstream EV registrations
Ford topped new-vehicle registrations for electric vehicles among mainstream brands in the first four months of the year, followed closely by Kia and Hyundai. But Tesla dominated the EV registration...
Industry groups are uneasy after EU lawmakers back 2035 zero-emissions target
Environmental groups welcomed the vote. “The deadline means the last fossil fuel cars will be sold by 2035, giving us a fighting chance of averting runaway climate change," said Alex Keynes,...
2023 Nissan Altima gets updated design, more standard safety features, new tech
The freshened Altima swaps an 8-inch center display with a 12.3-inch high-definition touch screen. Also on board is Nissan's next-gen ProPilot Assist 2.0 system, standard on Altima SL and SR...
Former Santander exec Josh Baer named AutoFi president
Digital auto retail and finance platform AutoFi tapped Santander Consumer USA head of pricing and strategy Josh Baer as its president. Baer, whose resume also includes more than a decade...
VW offers to pay off employees who quit Russia plant
VW said in March that production at its Kaluga and Nizhny Novgorod sites would be suspended until further notice because of Western sanctions, and vehicle exports to Russia would be...