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Automobile
Ford to invest $3.7 billion, create 6,200 jobs at plants in 3 states
Ford also plans to spend $1.5 billion and create 1,800 jobs at its Ohio Assembly Plant in Avon Lake to expand the operation for production of a commercial EV that will launch mid-decade. It will add 90 jobs and a $100 million investment…
Shareholder files lawsuit in U.S. court against LMP Automotive after stock plunge
An LMP Automotive Holdings Inc. shareholder has filed a lawsuit seeking class-action status against the fledgling auto retailer after the company disclosed last month that it would have to restate financial statements for three quarters…
J.D. Power buys F&I tools from car dealer software provider Tail Light
J.D. Power has purchased finance and insurance menu and reporting programs from the auto retail software company Tail Light.
Terms of the deal were not disclosed in J.D. Power's Thursday announcement of the acquisition.
"The pace of…
Volvo will partner with Epic Games for advanced EV technologies
Volvo Cars and video game company Epic Games are partnering to improve the role of the human-machine interface for Volvo's next generation of electric vehicles.
According to a statement Wednesday, Epic Games will use a visualization…
Eight automakers improve emergency response guides for EV battery fires, NTSB says
WASHINGTON — Eight automakers have improved their emergency response guides for EVs and incorporated vehicle-specific details on extinguishing lithium-ion battery fires, following a recommendation last year by a federal safety…
Panasonic planning massive North America EV battery buildup
TOKYO — Japanese electronics and battery giant Panasonic wants to at least triple electric vehicle battery production capacity in North America through 2029 to supply new customers.
In ramping up regional output to meet growing…
Toyota turns up heat on GR Corolla hot hatch with souped-up Morizo edition
TOKYO — Toyota Motor Corp. is turning up the heat on its newest hot hatch.A special Morizo edition of the recently unveiled all-wheel-drive GR Corolla will let you burn rubber just like Akio Toyoda, the Japanese carmaker's president and…
Elon Musk to Tesla employees: Return to the office or get out
Elon Musk has had it with this whole working-from-home business.The Tesla CEO sent an email late Tuesday to "Everybody" at his electric-car company, elaborating on an earlier missive to executive staff about the need to be in the…
VW’s Scott Keogh: A doubling of market share is attainable
Given the information that was released about using a new platform and building a U.S. assembly plant for the Scout, and given VW's broad use of platforms across brands, do you see a possibility that non-Scout vehicles, perhaps for VW…
Ford CEO Jim Farley predicts industry consolidation: ‘There’s a shakeout coming’
Farley said some smaller, traditional automakers simply won't be able to afford the transition and that EV startups' portfolios will get "simpler" over time.
"I just don't see the addressable market these companies are going after being…