Month: June 2023

Russia’s top automaker AvtoVAZ has asked a regional prison service to help it plug a labor shortage with people sentenced to forced labor as it tries to meet increased production targets. Russia’s unemployment rate dropped to a record low 3.3 percent in April, highlighting the labor shortage that is stifling economic growth. A partial mobilization
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Jun 14, 2023, 07:10 AM ET Aston Martin team owner Lawrence Stroll said he hopes to see both his son Lance and Fernando Alonso on the podium at his home Canadian Grand Prix in Montreal this weekend, despite Red Bull’s dominance. Red Bull have won all seven Formula One races so far this season, with
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DETROIT/AUSTIN, Texas – Automaker Stellantis said on Tuesday that it continues to evaluate Tesla‘s charging standard after Ford Motor Co and General Motors said they were adopting it. “At this time, we continue to evaluate the NACS standard and look forward to discussing more in the future,” Stellantis said in a statement to Reuters, referring
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Nineteen young and talented automotive executives on Tuesday received their Rising Star awards from Automotive News Europe at a gala awards dinner in Paris. Since the program was started in 2011, Automotive News Europe has awarded more than 230 Rising Stars. The 13th annual Rising Stars awards recognize fast-climbing auto leaders who are already taking
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Retail auto giant AutoNation Inc. purchased the final five dealerships from another familiar name near San Diego on June 5: Bob Baker Auto Group. AutoNation acquired Chrysler-Dodge-Jeep-Ram-Fiat, Subaru, Hyundai-Genesis, Volkswagen and Mazda stores in Carlsbad, Calif., Bob Baker Auto CEO Chris Baker said. AutoNation representatives did not return requests for comment. Baker told Automotive News
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TOKYO – When Toyota convenes its annual shareholders’ meeting on Wednesday, the world’s biggest automaker will be bracing for rare investor backlash, with some pension groups even voting against the appointment of longtime leader Akio Toyoda as company chairman. The normally staid and tightly scripted event, traditionally held at Toyota’s global headquarters in Toyota City,
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee
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Polestar’s electric fastback, the Polestar 2, delivers more power, range and content for the new model year — along with a higher sticker price. The 2024 model arrives in August. The updated Polestar 2, like its XC40 and C40 siblings from major shareholder Volvo, receives a new-generation permanent magnet electric motor and new silicon carbide
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STOCKHOLM — Autoliv expects to meet or exceed its medium-term business growth target while reiterating all of its financial goals for this year, a week after announcing around 8,000 job cuts to save costs. The world’s largest maker of airbags and seatbelts said that due to price increases to offset high-cost inflation, its business expansion
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SUSONO, Japan — Solid-state batteries for electric vehicle with ranges of 900 miles or more. Software operating systems that update automatically. Futuristic factories where cars drive themselves through final assembly. Ultra-slick aerodynamics developed through rocket science. Those are just a few of the new technologies that Toyota is packing into its toolbox for EVs of
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Tesla Superchargers may no longer be limited to electric cars. Even electric boat manufacturers seem to be gravitating towards the technology. Pure Watercraft, a Seattle-based company specializing in zero-emissions boats, announced on Twitter that it was looking forward to using Tesla’s North American Charging Standard (NACS) connectors on its boats. The news is not surprising
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Lithia Motors Inc. said it added Virginia’s Priority Auto Group, one of the largest dealership groups in the country, according to posts on the auto retailer’s social media pages Monday. The acquisition is the auto retail giant’s first U.S. dealership acquisition of 2023. The transaction announced on the company’s LinkedIn and Facebook pages early Monday
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