Automakers: Page 6
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Courtesy of Highway Loss Data Institute
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.
By Eric Walz • Aug. 9, 2024 -
Courtesy of American Honda
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.
By Haley Cawthon • Aug. 8, 2024 -
Courtesy of Rivian Automotive
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.
By Haley Cawthon • Aug. 7, 2024 -
Courtesy of BMW Group AG
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.
By Eric Walz • Aug. 7, 2024 -
Justin Sullivan via Getty Images
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.
By Kalena Thomhave • Aug. 7, 2024 -
Courtesy of Continental AG
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.
By Eric Walz • Aug. 6, 2024 -
Courtesy of Mercedes-Benz AG
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.
By Haley Cawthon • Aug. 5, 2024 -
Courtesy of Honda Motor Co.
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.
By Eric Walz • Aug. 5, 2024 -
Lukas Schulze via Getty Images
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.
By Adam Zaki • Aug. 5, 2024 -
Courtesy of Volkswagen
Volkswagen looks to drive down costs as overhead increases
The automaker aims to improve profitability across its brands, while also pushing early retirements and hiring freezes.
By Haley Cawthon • Aug. 2, 2024 -
Courtesy of Toyota Motor North America
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.
By Eric Walz • Aug. 2, 2024 -
Courtesy of Mercedes-Benz
3 things influencing Mercedes-Benz’s strategy in China
CEO Ola Källenius believes more than 90% of BEV makers in the country are burning cash.
By Haley Cawthon • July 31, 2024 -
Courtesy of Hyundai Motor America
Hyundai’s hybrid vehicle sales jump over 26% YoY
The automaker posted two consecutive quarters of double-digit growth in the segment.
By Eric Walz • July 31, 2024 -
Courtesy of BMW Group.
BMW plans 5 EV battery factories across 3 continents
Assembly plants for the automaker’s sixth-generation, high-voltage batteries are under construction in the U.S., Germany, Hungary, China and Mexico.
By Haley Cawthon • July 31, 2024 -
Courtesy of Tesla Inc.
Tesla recalls over 1.8M vehicles for faulty hood latch switch
Some vehicles’ software may fail to warn a driver that the lock assembly is unsecured.
By Eric Walz • July 30, 2024 -
Courtesy of Porsche
Porsche supplier factory flood leads to aluminum shortage
The automaker expects disruptions to continue for several weeks, possibly leading to a manufacturing shutdown for certain vehicle series.
By Kelly Stroh • July 30, 2024 -
Courtesy of Hyundai Motor America
Why Hyundai shifted gears for more emotional Summer Olympics ads
CMO Angela Zepeda explained the change in tone and why the brand’s vehicles are taking a back seat for the occasion.
By Peter Adams • July 29, 2024 -
Courtesy of Stellantis
Stellantis CEO: First half results ‘disappointing and humbling’
The automaker’s net profit was down 48% year over year as it continues to lose market share in North America.
By Haley Cawthon • July 26, 2024 -
Courtesy of BMW of North America
BMW recalls 291K SUVs for rear cargo rail detachment risk
The bolts securing the rails could become damaged in a crash, increasing the risk of injury to passengers.
By Eric Walz • July 26, 2024 -
Michael B. Thomas via Getty Images
GM resumes Missouri production after supplier strike
UAW Local 282 members walked off the job at seat manufacturer Lear Corp. this week, forcing the automaker’s Wentzville Assembly plant to stop production.
By Haley Cawthon • July 26, 2024 -
Courtesy of Ford Motor Co.
Ford EV losses mount, weighing on profits
The automaker has lost $2.5 billion on electric vehicles so far in 2024.
By Haley Cawthon • July 25, 2024 -
Courtesy of Tesla Inc.
Telsa Q2 profits sink 45% as deliveries decline again
The electric vehicle maker delivered 22,184 fewer vehicles year over year during the quarter.
By Haley Cawthon • July 25, 2024 -
Courtesy of Cruise LLC
GM shifts AV plans from Cruise Origin to Chevy Bolt
CEO Mary Barra said the move will allow the company to deliver autonomous vehicle technology at scale as quickly as possible.
By Haley Cawthon • July 24, 2024 -
Scott Olson via Getty Images
New vehicle affordability fell in June: report
Still, rising household income and lower interest rates helped keep new cars more affordable than this time last year, according to a Cox Automotive and Moody’s Analytics analysis.
By Kalena Thomhave • July 24, 2024 -
Courtesy of Tesla Inc.
Elon Musk: CrowdStrike outage caused ‘seizure’ for auto supply chain
Tesla has deleted the cybersecurity software off all of its systems, the CEO said on the social platform X.
By Haley Cawthon • July 23, 2024
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