U.S. new vehicle sales expected to have struggled during third quarter

U.S. new vehicle sales expected to have struggled during third quarter

New Jeep vehicles sit on a Dodge Chrysler-Jeep Ram dealership’s lot on October 03, 2023 in Miami, Florida. Joe Raedle | Getty Images News | Getty Images DETROIT — U.S. sales of new vehicles are expected to have struggled during the third quarter amid economic and political uncertainties, as well as elevated interest rates and … Read more

GM, Hyundai to explore co-development of vehicles, manufacturing

GM, Hyundai to explore co-development of vehicles, manufacturing

Mary Barra, chair and CEO of General Motors, and Euisun Chung, executive chair of Hyundai Motor Group, during the signing of an agreement between the two companies to explore future collaboration across key strategic areas. Courtesy image DETROIT — General Motors and Hyundai Motor have entered into an agreement to explore “future collaboration across key … Read more

Japan household spending, RBA rate decision

Japan household spending, RBA rate decision

The upscale shopping district of Ginza in Tokyo, Japan, on Saturday, May 4, 2024.  Bloomberg | Bloomberg | Getty Images Japan stocks rebounded sharply on Tuesday after the Nikkei 225 and the Topix dropped over 12% in the previous session. Other Asia-Pacific markets were also higher. Japan’s Nikkei 225 — which saw its largest loss in … Read more

GM Cruise Origin autonomous vehicle indefinitely delayed

GM Cruise Origin autonomous vehicle indefinitely delayed

DETROIT – General Motors is indefinitely delaying production of its Origin autonomous vehicle as its embattled Cruise self-driving unit attempts to relaunch operations. The Detroit automaker said Tuesday its majority-owned robotaxi unit will instead focus on using the next-generation Chevrolet Bolt for development of autonomous vehicles. Cruise has been using now-discontinued Bolts for autonomous vehicle … Read more

GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO

GM’s Cruise names former Amazon, Microsoft Xbox executive as new CEO

DETROIT – General Motors’ Cruise autonomous vehicle unit on Tuesday announced former Amazon and Microsoft executive Marc Whitten as its new CEO. Whitten was a founding engineer at Microsoft’s Xbox before leaving the company after more than 17 years to become chief product officer of audio company Sonos in 2014, according to his LinkedIn profile. … Read more

U.S. auto sales are expected to slow during the second half of 2024

U.S. auto sales are expected to slow during the second half of 2024

Cars sit on a Chevrolet dealership’s lot on June 20, 2024 in Chicago, Illinois. A cyber attack on CDK Global, a software provider that helps dealerships manage sales and service, has crippled the workflow at approximately 15,000 dealerships across the United States and Canada.  Scott Olson | Getty Images DETROIT – U.S. auto sales through … Read more

Toyota has been rocked by a string of scandals — analysts are unfazed

Toyota has been rocked by a string of scandals — analysts are unfazed

A sign is displayed outside a Toyota Motor Corp. dealership on Jan. 30, 2024 in Tokyo, Japan. Toyota Chairman Akio Toyoda apologized Monday for massive cheating on certification tests for seven vehicle models as the automaker suspended production of three of them. Tomohiro Ohsumi | Getty Images News | Getty Images Japan’s largest carmaker Toyota has … Read more

Shares of Toyota, Mazda, Honda, Suzuki fall after safety scandal

Shares of Toyota, Mazda, Honda, Suzuki fall after safety scandal

Toyota Motor Corporation Board Chairman Akio Toyoda bows during a press conference in Tokyo on June 3, 2024. Toyota said on June 3 it had suspended domestic shipments of three car models after falling foul of government certification rules along with its Japanese rivals Honda, Mazda, Suzuki and Yamaha.  Yuichi Yamazaki | Afp | Getty … Read more

Mercedes-Benz workers in Alabama vote against union

Mercedes-Benz workers in Alabama vote against union

United Auto Workers (UAW) members and supporters on a picket line outside the ZF Chassis Systems plant in Tuscaloosa, Alabama, US, on Wednesday, Sept. 20, 2023. Andi Rice | Bloomberg | Getty Images Mercedes-Benz workers in Alabama have voted against union representation by the United Auto Workers, the National Labor Relations Board said Friday. The … Read more

Honda to build $11 billion electric vehicle hub in Canada

Honda to build  billion electric vehicle hub in Canada

A Brand new Honda Pilot is displayed on the sales lot at Honda Marin on February 06, 2024 in San Rafael, California. Justin Sullivan | Getty Images DEROIT – Honda Motor and yet-to-be-named joint venture partners plan to invest $11 billion in Ontario, Canada, to create a “comprehensive EV value chain,” the Japanese automaker announced … Read more