Automakers: Page 14
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AutoNation warns CDK cyberattack will dent quarterly earnings
The major North American car dealership estimates the attack will lead to a $1.50 per-share earnings impact.
By David Jones • July 15, 2024 -
Toyota joins EV charging network Ionna
The company is teaming up with seven other automakers, including General Motors and Stellantis, as an investor and founding partner in the joint venture.
By Haley Cawthon • July 15, 2024 -
Volkswagen subsidiary PowerCo lands battery tech licensing deal
QuantumScape says its solid state battery technology can allow an EV to travel up to 500,000 kilometers (roughly 311,000 miles) without any noticeable loss of range.
By Eric Walz • July 15, 2024 -
GM shareholders deny 3 ethical supply chain proposals
Responding to the proposals, the automaker defended its existing practices for supplier agreements and operational policies.
By Kelly Stroh • July 15, 2024 -
Automakers accelerate drive for fossil-free steel
Volvo is leading the industry for steel and aluminum decarbonization. Mercedes, Tesla and Ford follow.
By S.L. Fuller • July 12, 2024 -
DOE allocates $1.7B for auto factory conversions
Eleven shuttered or at-risk facilities in eight states will be converted to support electric vehicle manufacturing.
By Haley Cawthon • July 12, 2024 -
BMW recalls 394K vehicles for potentially dangerous airbags
Over the past decade, Takata airbag recalls have expanded to affect around 67 million vehicles.
By Eric Walz • July 11, 2024 -
Ford recalls more than 30K Mustangs over steering issue
The automaker has issued over 30 recalls in 2024 as CEO Jim Farley prioritizes improving vehicle quality.
By Eric Walz • July 10, 2024 -
Honda aims to streamline container shipping process
The automaker’s motorcycle and power products operations divisions are tapping FourKites and BuyCo for greater transport visibility.
By Kelly Stroh • July 10, 2024 -
UAW members ratify new contract at BMW distribution center
The deal includes wage increases of up to 33% at the Pennsylvania facility.
By Haley Cawthon • July 9, 2024 -
Stellantis’ chief software business officer departs
The move is the latest in a number of high-profile executive exits from the automaker this year.
By Eric Walz • July 9, 2024 -
Honda incentivizes new fuel cell CR-V
The automaker is offering up to $30,000 in hydrogen credits to lease the vehicle, which is the first to use a new fuel cell module co-developed with GM.
By Eric Walz • July 8, 2024 -
Sonic Automotive’s sales dip as CDK cyberattack causes material impact
The company reported ongoing service disruptions and said vehicle sales declined after an attack on a third-party vendor.
By Matt Kapko • July 8, 2024 -
VW recalls 84K Golf, Atlas models for faulty back-up camera
A software issue may lead to a delay in showing the camera feed or a black screen when shifting into reverse.
By Eric Walz • July 8, 2024 -
Stellantis temporarily cuts production at 2 plants amid sales woes
The automaker is temporarily laying off 1,600 workers in Michigan as vehicle inventories grow.
By Eric Walz • July 3, 2024 -
GM increases supply chain visibility with Optilogic
The Cosmic Frog software enables GM to analyze and solve issues related to suppliers, individual parts and more.
By Kelly Stroh • July 2, 2024 -
BMW of North America names new CFO
Andreas Kindler is replacing Raymond Wittmann, who is relocating to Munich to lead the automaker’s corporate strategy division.
By Eric Walz • July 2, 2024 -
Cybersecurity ranks atop auto industry concerns: report
Automotive leaders fear exposure to threats will worsen as the sector invests more in technology to drive efficiencies, Rockwell Automation found.
By Kalena Thomhave • July 2, 2024 -
Porsche Cars North America names new COO
John Capella is joining from Porsche Cars Canada, and replacing longtime executive Joe Lawrence.
By Eric Walz • July 1, 2024 -
Ford to develop EVs at new California facility
The Long Beach campus will open next year and house the automaker’s recently built skunkworks team.
By Eric Walz • June 28, 2024 -
GM names Marc Whitten CEO of Cruise
The new chief will take over the robotaxi company as it prepares to restart operations after a months-long suspension and series of executive shake-ups.
By Eric Walz • June 27, 2024 -
Tesla heads back to court still hoping to pay CEO Elon Musk billions
The EV maker is hoping that a second shareholder approval of Musk’s record compensation package will influence a Delaware court.
By Justin Bachman • June 27, 2024 -
Ford recalls over 550K F-150 pickups over transmission issue
The 2014 model year trucks could suddenly downshift into first gear, regardless of speed.
By Eric Walz • June 26, 2024 -
BMW invests $200M in new US press shop
The automaker has expanded its operations in Spartanburg, South Carolina, ahead of the launch of the new BMW X3.
By Haley Cawthon • June 26, 2024 -
Stellantis looks to new leaders for North American comeback
Jeep, Dodge and Ram have new leaders after a series of high-profile departures from the automaker.
By Haley Cawthon • June 25, 2024