Industry

Many of us working in the connected car space are searching for explanations for the slow consumer adoption of telematics-enabled, usage-based insurance, or UBI, programs, especially as more new vehicles are embedded with connectivity, which helps power personalized insurance policies and can benefit customers. Although insurers have widely embraced data, including driving and vehicle data

Bosch is reorganizing its Mobility Solutions business sector, giving it more autonomy within the huge supplier’s corporate structure, and forecasting a surge in revenue to $88 billion by the end of this decade. The change reflects the auto industry’s global shift away from the parts and hardware that make up vehicles powered by internal combustion

Austin Russell, a 28-year-old automotive technology billionaire, acquired an 82 percent stake in Forbes Global Media Holdings, parent of the well-known Forbes business magazine. The deal values the company at close to $800 million, the parties said in a statement Friday. The seller, Hong Kong-based Integrated Whale Media Investments will retain a minority stake. The

HANOI, May 12 (Reuters) – Vietnamese electric automaker VinFast VFS.O said on Friday it will list in the U.S. via a merger with special purpose acquisition company (SPAC) Black Spade Acquisition Co. After the merger, the new entity will have an enterprise value of approximately $27 billion and an equity value of $23 billion, “assuming

Self-driving technology company Cruise is expanding its operations to more cities in Texas. The company, backed by General Motors, said Wednesday that it will begin “supervised testing” with a safety driver at the wheel next week in Houston, followed by Dallas at a future date. A Cruise spokesperson told Automotive News the initial deployments in

TOKYO — Toyota Motor Corp. plans to show concept versions of its highly anticipated next-generation electric vehicle at this autumn’s Japan Mobility Show, previewing a completely reinvented and innovative car that the world’s largest automaker hopes will catapult it to the head of the global EV race. CEO Koji Sato, in detailing the plans Wednesday, also

ANAHEIM, Calif. — U.S. car buyers love the edge cases. They buy seven-seat SUVs for a family of four. They get pickups in case they want to tow something. They purchase tricked-out Jeep Wranglers and Ford Broncos but never leave the pavement. Mujeeb Ijaz, CEO of Our Next Energy EV battery company in Novi, Mich.,

General Motors said Tuesday that it has hired Mike Abbott, who led cloud services at Apple Inc., to be its executive vice president of software. Abbott, 50, will begin in the newly created role May 22, reporting to CEO Mary Barra, GM said. He will lead a reorganized software team focused on information and digital

ANAHEIM, Calif. —The automotive and truck industries will soon learn much more about Tesla Inc.’s Semi — the Class 8 truck the electric vehicle company claims will upend the trucking industry with revolutionary performance. PepsiCo confirmed Wednesday it would enter at least one of the Tesla Semis it operates in the Run On Less trucking

Automotive technology supplier Aptiv on Thursday said net income doubled and revenues grew 15 percent in the first quarter as the company benefited from price hikes that offset ongoing supply and production constraints. The company said first-quarter net income doubled to $146 million while revenue grew to $4.8 billion. Suppliers across the board, hobbled by

As police and fire officials responded to a drug lab explosion in San Francisco, they had to contend with a driverless car that meandered into the middle of the scene. Body-cam footage from February shows an officer yelling at the Waymo vehicle and tossing a flare to keep it from driving over fire hoses. Several

FRANKFURT — Volkswagen Group is set to dismiss all but one of the executive board members at its software division Cariad next week to try to resolve development problems, a person familiar with the matter told Reuters. The unit, which was set up under former VW Group CEO Herbert Diess. has exceeded its budget and

Bosch is reorganizing its Mobility Solutions business sector, giving it more autonomy within the huge supplier’s corporate structure, and forecasting a surge in revenue to 80 billion euros ($88 billion) by 2029.  The unit will be called Bosch Mobility, and will be led by Markus Heyn, who has been chairman of Mobility Services since January

The continued turbulence of the automotive industry and the rapid transition to electrification has driven seating supplier Adient plc to take a new approach to doing business. It’s no longer about growing market share at all costs, or winning every contract no matter the value proposition, according to CEO Doug Del Grosso. The Plymouth-based company,

California, the birthplace and epicenter of the self-driving industry, could soon put the brakes on autonomous trucking. State lawmakers advanced a bill that would prohibit self-driving big rigs from being tested or commercially operated on public roads unless a human driver is present. Industry executives complain that entrenching humans in the driver’s seat would defeat

ANAHEIM, Calif. — If enough chargers were available along U.S. roads, a single-digit order for the Freightliner eCascadia electric Class 8 tractor could have multiplied to hundreds. “We’ve had people say, ‘Hey, we love the five that we took delivery of, and if we had a way to charge them, we would take 200 more,’ ”

Waymo is expanding its commercial driverless service in metro Phoenix and making further inroads toward such service in San Francisco. The self-driving technology company said Thursday it has doubled the service area in which its Waymo One ride-hailing fleet operates in metro Phoenix. Its vehicles will now carry customers across 180 square miles in the

Uber Technologies Inc. said it plans to make UberX Share available in five more U.S. cities in the coming weeks. UberX Share gives users a discount for sharing their ride with others. The service will soon be available in Baltimore, Miami, Nashville, Philadelphia and Washington., the company said in a statement Wednesday. UberX Share launched

ANAHEIM, Calif. — Daimler Truck North America revealed a Freightliner medium-duty electric truck at the ACT Expo on Tuesday. Orders for the eM2 will begin immediately, and Daimler said production will begin in fourth quarter at its Portland, Ore., manufacturing plant. “For drivers who have already experienced this truck, they love it,” said Katie Rabideau,

ANAHEIM, Calif. — Toyota Motor North America announced an agreement to put its fuel cell powertrain into Kenworth and Peterbilt big rigs. The automaker and Paccar, owner of the truck brands, announced the deal Tuesday at the ACT Expo clean transportation conference here. Toyota has leveraged the fuel cell technology it developed for the small-volume

ANAHEIM, Calif. — Global supplier Bosch and trucking technology company Plus are working together to develop and deploy advanced driver-assistance features, the companies said Monday at the Advanced Clean Transportation Expo. The new system combines Plus’ predictive 360-degree sensors and assisted driving tools such as merge handling and suggested lane change with Bosch’s hardware and

New regulations governing cybersecurity for software-defined vehicles will start in July 2024, but the automotive industry may not be prepared, according to Israel’s Argus Cyber Security. Argus, a subsidiary of Germany’s Continental AG, found that 58 percent of small automakers and automotive suppliers are not prepared to create a management system focusing on vehicle cybersecurity

Despite electric vehicle tax credits and significant efforts to expand public charging, the share of new-vehicle shoppers who will avoid EVs has grown over the past three months, according to J.D. Power. In March, 21 percent of new-vehicle shoppers surveyed said they are very unlikely to consider an EV, up from 19 percent in February

Freightliner owner Daimler Truck is launching a new brand of electric class 4 and 5 trucks, the company announced Thursday. The new brand, Rizon, will sell and service the zero-emission vehicles exclusively through the commercial vehicle outlet Velocity Vehicle Group in the U.S., starting with deliveries in California and New York in the fourth quarter

Charging an electric vehicle doesn’t always require expensive public chargers. Batteries can be swapped, cars can pull up to a charging pad, or a mobile charging service can come to the driver’s home or business. EV drivers use a cord and plug to connect their vehicles to public charge ports on the road. But there

More than half of new vehicles on the road could be electric within the next decade, but developing broad and reliable public charging infrastructure is like linking pieces of a broken puzzle. It’s a disjointed process that needs to be streamlined for drivers to be confident in finding a place to power up. Charging network

After testing a wireless charging system made by WiTricity Corp., there’s no doubt in my mind that it is far better than any plug-in EV charger. But that still might not be enough to ensure commercial success — at least right away. A wireless charger eliminates many of the hassles and snags that are sapping

While competitors struggle, Aurora Innovation Inc. has seen its stock price increase more than 10 percent during the past month. Shares of the Pittsburgh self-driving technology company went from $1.28 per share on March 24 to $1.42 at Monday’s close. Year to date, Aurora’s unit price is up 17 percent. Aurora’s share gains are bit

Toyota Motor Corp. is moving forward with repurposing technology from its Mirai fuel cell passenger sedan to create a hydrogen power kit for heavy-duty trucks. The automaker said Monday the California Air Resources Board granted a Zero Emission Powertrain Executive Order for the heavy-duty truck fuel cell electric powertrain. The order certifies a powertrain complies

As the Biden administration, automakers, local governments and others pledge to install hundreds of thousands of electric vehicle chargers across the U.S., identifying the best locations is critical to expanding EV adoption and charging access. “In the past, deciding where to place charging was kind of just throwing darts at the wall,” said Arcady Sosinov,