Bill Ford: UAW and Ford are not enemies
Ford employs more UAW members and builds more vehicles in the U.S. than any other automaker — facts executives are quick to tout. "The day that our employees are considered...
Britain’s Lookers car dealership chain selling for $595M
Global Auto Holdings said Tuesday it plans to buy British car dealership chain Lookers for about 465.4 million pounds ($595 million) in cash. Global Auto Holdings values Lookers at 120...
Hyundai seeks double-digit EV profit margins with new EV platform
CEO Jaehoon Chang outlined the vision on Tuesday in the company’s annual CEO Investor Day presentation. He said global sales of EVs are growing faster than originally forecast and said...
Auto loan delinquency spikes mostly among subprime borrowers
The pandemic saw many lenders retreat from the subprime tier, which made up just 12.3 percent of account volume in the first quarter of 2021 and 12.9 percent in the...
Cadillac Escalade IQ EV to be revealed Aug. 9
Cadillac plans to introduce the electric version of its Escalade full-size SUV on Aug. 9 in New York. General Motors' luxury brand on Tuesday confirmed the reveal date in a...
Rivian joins GM, Ford in getting Tesla Supercharger access
The Rivian deal is the same as agreements Tesla made over the last month with Ford and GM, which surprised industry observers since there was little sign that non-Tesla automakers...
Ford Motor donates $5.8 million in disaster relief efforts
Ford Motor Co. and its philanthropic arm Ford Fund announced Tuesday a $5.8 million investment in Team Rubicon, a veteran-led humanitarian organization that assists in natural disasters. The automaker plans...
Toyota researches generative AI use in car design
Artificial intelligence might soon eliminate one of the biggest bottlenecks in the car-design process. Toyota Research Institute executives said Tuesday they've developed a generative AI technique that ensures early design...
Foxconn’s EV partnerships have yet to yield commercial production
The high-profile arrangement with Lordstown appears to be collapsing over a feud about that company's stock price. But even before that, Lordstown paused Foxconn's production of the Endurance pickup, citing...
Will Hyundai use Tesla’s North American charging network?
SEOUL — Hyundai Motor Co. will consider making its vehicles more readily compatible with the charging standard Tesla Inc. is pushing for in North America, the South Korean automaker's CEO said...