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Telsa set to reveal its robotaxi Oct. 10
CEO Elon Musk said he wanted to make some “important changes” to improve the product, which delayed its previously planned Aug. 8 debut.
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Magna plans Arizona factory
The expansion in Mesa comes as delays at other plants impact the auto supplier’s projected sales.
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NHTSA investigating Nissan Rogue for potential steering defect
The safety probe follows an incident of inner tie rod failure on a low mileage 2021 model.
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Market headwinds force owners to hit the brakes on EV projects
Financing woes, soaring material prices and waning demand are causing auto and battery makers to delay jobs, even those that have already started.
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Mazda boosts US market share
The automaker credited the growth to sales increases, dealer optimism and expanded production.
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BMW recalls over 105K vehicles for starter motor problem
The issue stems from overheating due to repeated start attempts, increasing the risk of fire.
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Stellantis plans mass layoffs at Warren Truck Plant
The automaker warned up to 2,450 workers could be affected starting Oct. 8.
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GM’s president of North America steps down
Marissa West, former leader of GM Canada, held the position for about eight months.
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Canada’s rail networks edge closer to disruption
Soon after regulators said any labor action would be legal as early as Aug. 22, CPKC threatened to lock out some workers.
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Honda posts record-high quarterly profit on strong hybrid sales
Earlier this year, the automaker detailed its efforts to gain a competitive advantage by increasing R&D spending on hybrid vehicles.
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Hyundai, Kia thefts drop over 50%: study
A software update was “extremely effective” at thwarting theft tactics popularized by viral social media videos, per Highway Loss Data Institute research.
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BMW touts success of humanoid robot pilot at South Carolina plant
The robots were able to insert sheet metal parts into fixtures, which were used to assemble the chassis of a vehicle.
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Rivian already sees tailwinds from VW partnership
CEO RJ Scaringe said the EV maker expects to achieve more favorable pricing from its suppliers as a result of the deal.
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Owner satisfaction with new vehicles rebounds: JD Power
Owners of new EVs made by traditional automakers are more satisfied with their cars than ever, according to a study.
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Skill gaps can cost employers a month of productivity each year, survey suggests
Workers face challenges in making data analysis more efficient and automating processes, a new report finds.
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Lucid secures $1.5B from largest shareholder
The funding will extend the EV maker’s runway to the end of 2025, according to its principal accounting officer.
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Half of US companies plan to add new positions during remainder of 2024
Hiring managers say they’re implementing proactive strategies to reach the best talent and stand out from other companies, a recent report shows.
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Mercedes-Benz promotes execs to US leadership
Marcus Herring was appointed VP of sales and product, and Michael Minielly was named director of communications and experience.
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Continental mulls spinoff of its automotive business
The company cited the industry’s software-driven technology transformation as one of the reasons for the potential move.
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Nissan, Honda join forces to research vehicle technologies
The two companies believe that software, autonomous driving, connectivity and AI will determine the value of vehicles in the future.
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NXP Semiconductors’ inventory woes persist amid slow auto demand
The company's revenue was down last quarter as its plan to normalize inventory levels takes longer than expected.
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Auto industry’s innovation push brings ‘startup’ capital structure
As automakers juggle EV resource allocation, regulation and macroeconomics, they are operating more like startups, according to the most recent Hackett Working Capital Survey.
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Toyota sales dropped over 20% in Japan in Q1
But sales gains in the U.S., Europe and Asia helped the automaker post a profitable quarter.
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GM Ventures leads $39M funding round for battery technology startup
Addionics intends to use the funds to build its global workforce and expand manufacturing and commercialization efforts.
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Budget constraints may be behind hiring uncertainty in 2024, survey says
Although most hiring managers have a positive outlook on the remainder of the year, some reported their companies don’t have enough money to hire.
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