In this article VOW3-DE JPM The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images JPMorgan said Wednesday it plans to buy a majority stake of close to 75% in Volkswagen’s payments business. The U.S. banking
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Tesla had nearly twice as many electric vehicles registered in the U.S. during the first seven months of 2021 as the rest of the industry combined — accounting for two out of every three EV registrations. Tesla’s U.S. registrations soared 75 percent through July to reach 168,021. Because Tesla doesn’t report monthly sales results or
6:53 PM ET Associated Press MOHNTON, Pa. — Cruz Pedregon topped Funny Car qualifying for the first time in more than six years Saturday at the Mopar Express Lane NHRA Nationals, the first event of the NHRA Countdown to the Championship playoffs. The 57-year-old Pedregon, a two-time season champion and two-time event winner at Maple
The murder of George Floyd in police custody in May 2020 sparked discussion across the auto retail world about how to best address employment gaps of underrepresented groups in the industry. There was confusion on how — and where — to start. Many diversity, equity and inclusion programs that flourish in corporate environments tend to
In this article F Incoming Ford CEO Jim Farley (left) and Ford Executive Chairman Bill Ford Jr. pose with a 2021 F-150 during an event Sept. 17, 2020 at the company’s Michigan plant that produces the pickup. Michael Wayland | CNBC DETROIT – After a decade of mediocrity, shares of Ford Motor are up by
In this article 2057-HK Z550-CN WeRide’s Robovan, an autonomous vehicle designed for urban logistics. WeRide has partnered with automaker Jiangling Motors and delivery firm ZTO Express, for the Robovan project. WeRide GUANGZHOU, China — Chinese autonomous driving start-up WeRide has partnered with a top carmaker and delivery company to launch a self-driving cargo van. The
In a bid to get important products to the market faster, General Motors accelerated the timetables for billion-dollar investments at two Canadian assembly plants, CAMI Assembly and Oshawa Assembly. But to do so, GM has taken unusual steps to get the plants up and running sooner. In July, GM confirmed that German supplier Kuka will
8:12 PM ET Associated Press MOHNTON, Pa. — Brittany Force broke the Maple Grove Raceway speed record Friday to lead Top Fuel qualifying in the Mopar Express Lane NHRA Nationals, the first event of the NHRA Countdown to the Championship playoffs. Seeking her seventh straight No. 1 and ninth of the season, Force had a
When Melvin Cooper heard that a distressed service center for medium- and heavy-duty trucks was up for sale in 2014 just minutes from his growing Chevrolet dealership, he jumped on the opportunity. Buying the business, now known as National Truck Sales & Service, has allowed Cooper to free up service department capacity at the Chevrolet
In this article F A man holds a petrol nozzle in a petrol pump in Kolkata, India, 03 July, 2021. Indranil Aditya | NurPhoto | Getty Images DETROIT – Ford Motor is ending vehicle production in India, shutting down its two large plants there and terminating thousands of employees, as CEO Jim Farley restructures the
Toyota Motor Corp. is recalling 158,489 Tundra pickup trucks because of faulty headlight electrical circuits that may power high and low beams at the same time, which could lead to overheating. The recall involves vehicles from the 2018-21 model years. In a safety recall report, Toyota said the flaw of both beams being on simultaneously
In this article GM General Motors Co. Chevrolet Traverse sports utility vehicles (SUV) sit on the assembly line at the company’s Lansing Delta Township Assembly Plant in Lansing, Michigan, on Friday, Feb. 21, 2020. Jeff Kowalsky | Bloomberg | Getty Images General Motors’ vehicle sales and production will be hit harder by the global chip
Employees at global supplier ZF Friedrichshafen’s plant in Marysville, Mich., went on strike Thursday after the UAW said the company backed out of an agreement to recognize the employees’ intentions to join the union. ZF disagreed, saying it did not renege on what is known as a neutrality agreement. Production is continuing at the plant,
2022 Chevrolet Silverado ZR2 GM DETROIT – General Motors will add a new off-road version of the Chevrolet Silverado 1500 to its highly profitable truck lineup next year, ahead of the brand’s push into electric pickups. The automaker unveiled the 2022 Silverado ZR2 online Thursday as a new vehicle as part of an updated lineup
1:33 PM ET Associated Press ATHENS, Greece — The World Rally Championship returned to Greece after an eight-year absence Thursday with a crowd-pleasing special stage around Athens’ main Syntagma Square. Prime Minister Kyriakos Mitsotakis launched the race at the foot of the Acropolis. “We’re absolutely thrilled that the Acropolis Rally is back in Greece,” Mitsotakis
In this article .FKRX300 GM Signage stands on display outside the General Motors Co. Orion Assembly plant in Orion Township, Michigan, U.S., on Friday, March 22, 2019. Jeff Kowalsky | Bloomberg | Getty Images DETROIT — General Motors is extending downtime at a Michigan plant that produces its Chevrolet Bolt EV as it works with
The assortment of sensors automated vehicles should use to perceive their surroundings and detect obstacles is anything but settled upon. Cameras, radar and lidar comprise the elemental sensors needed to reach higher levels of automated driving. But more companies are now exploring the ways thermal cameras might augment their systems. A company called Plus that
DETROIT — Ford Motor Co. will extend downtime at its Kansas City Assembly Plant in Claycomo, Mo., to a fourth-straight week due to the ongoing global semiconductor shortage. The automaker informed employees Wednesday that both the truck and van sides of the plant will be shuttered until Sept. 20. Workers there build the bestselling F-150
In this article 9868-HK GUANGZHOU, China — For the foreseeable future, Chinese electric car start-up XPeng is trying to boost its sales in the world’s largest auto market. But the Guangzhou, China-based company is also exploring areas including robotics and flying cars, which could play a role in its longer-term goals. In an interview with
The Malaysian semiconductor firm Unisem will shut some plants for seven days after three employees died recently from COVID-19, dealing a fresh blow to the chip supplies that carmakers and other companies rely on. The company said it will close Ipoh plants in the state of Perak until Sept. 15 to curb the spread of
Floodwater surrounds vehicles following heavy rain on an expressway in Brooklyn, New York. Ed Jones | AFP | Getty Images Anyone who considers buying a used car in the upcoming months may want to be extra-cautious. As storm-ravaged areas take stock of the destruction left by Hurricane Ida, thousands of flooded cars are expected to
In this article F AAPL Ford Motor Co. displays a new 2021 Ford F-150 pickup truck at the Rouge Complex in Dearborn, Michigan, September 17, 2020. Rebecca Cook | Reuters DETROIT – Ford Motor has hired former Tesla and Apple executive Doug Field as its chief advanced technology and embedded systems officer, the company announced
Ford Motor Co. is hiring the head of Apple Inc.’s car project away from the iPhone maker. The automaker said Tuesday that it’s bringing on Doug Field, who’s been a vice president in Apple’s special projects group. Field was a top engineer at Tesla Inc. between two stints at Apple and played a major role
In this article 7267.T-JP 7203.T-JP BMW-DE The Hyundai Xcient Fuel Cell truck on display during the 3rd China International Import Expo (CIIE) at the National Exhibition and Convention Center on November 5, 2020 in Shanghai, China. Zhang Hengwei | China News Service | Getty Images The Hyundai Motor Group plans to develop hydrogen fuel cell
Solid Power, a maker of solid-state batteries for electric vehicles, is expanding its factory outside Denver to scale production so it can deliver test cells to Ford Motor Co. and BMW in early 2022. The startup, which counts both carmakers as investors, is building a new facility at the Colorado site to increase output of sulfide-based
The presidential motorcade drives past an area affected by Hurricane Ida as U.S. President Joe Biden begins his tour of the hurricane-affected areas in Louisiana, September 3, 2021. Jonathan Ernst | Reuters More than a week after Hurricane Ida made landfall in the region, hundreds of thousands of Louisiana homes and businesses, and thousands in
BMW’s i Vision Circular concept previews “a sustainable car of the future,” CEO Oliver Zipse said. The concept is built almost entirely from recyclable materials, Zipse said at the car’s unveiling at the IAA Munich auto show on Monday. The four-seat electric car shows the automaker’s mindset when it comes to sustainable mobility, Zipse said.
6:28 PM ET Associated Press BROWNSBURG, Ind. — Tim Wilkerson won the NHRA U.S. Nationals on Sunday at Lucas Oil Raceway, taking the biggest race of the season for his first Funny Car victory since 2016. Wilkerson beat Ron Capps in the final with a 3.912-second run at 320.36 mph in a Ford Mustang. Wilkerson
MUNICH — Volkswagen plans to crack an industry barrier and offer used-vehicle leases on its ID family of electric vehicles, including those in North America, as a strategy to keep control over their valuable batteries, VW executives told Automotive News. Speaking on Monday with journalists here at the Munich auto show, Volkswagen Group CEO Herbert
In this article VOW3-DE Technicians work in the assembly line of German carmaker Volkswagen’s electric ID. 3 car in Dresden, Germany, June 8, 2021. Matthias Rietschel | Reuters Car manufacturers including Ford, Volkswagen and Daimler are still struggling to deal with the impact of the global chip shortage, with executives from each of the companies