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Automobile
First Shift: BMW ships new cars without tech due to chip shortage
• BMW ships cars without Apple and Google tech
• Report: Ford sells 8M Rivian shares
• Hyundai's EV plant in Georgia?
• Supplier's electrified shift
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Mitsubishi bounces back to profitability
TOKYO — Rebounding Mitsubishi Motors Corp. stepped up its recovery in the latest quarter, bouncing back to profitability on better sales and beneficial foreign exchange rates.
The Japanese automaker forecast steady operating profit in…
U.S. EV registrations surge 60% in Q1, driven by Tesla, Ford, new Korean models
Despite semiconductor shortages, rising transaction prices and falling light-vehicle sales overall, battery-electric vehicle volumes are surging across the U.S., driven by luxury leader Tesla and new models from Hyundai Motor Group's…
GM partners with Red Hat to expand, accelerate vehicle software capability
General Motors said it has partnered with open-source provider Red Hat to expand the capability of its upcoming Ultifi in-vehicle customer experience platform.
Working with Red Hat will be critical to advancing GM's software after…
Stellantis CEO Carlos Tavares: Industry faces battery, raw material shortages amid EV push
"The speed at which now everybody is building manufacturing capacity for batteries is possibly on the edge to be able to support the fast-changing markets in which we are operating," he said.
Tavares said raw material supply could also…
Toyota slashes production plans | Automotive News
TOKYO - Toyota Motor Corp. said Tuesday it would suspend operations on 14 lines at eight domestic factories for up to six days in May due to the COVID lockdown in China.
The duration is between May 16 and May 21, the company said,…
Toyota is slashing its production plan
TOKYO - Toyota Motor Corp said Tuesday it would suspend operations on 14 lines at eight domestic factories for up to six days in May due to the COVID lockdown in China.The duration is between May 16 and May 21, the company said,…
KAR Global finalizes sale of ADESA U.S. to Carvana
Carvana's next steps
Carvana said fully utilizing the 56 sites will give it the ability to recondition up to 2 million vehicles per year.
At the end of the first quarter, the company reported it was capable of reconditioning 1 million…
Vroom appoints new CEO, signals intent to ‘realign’ business
Online used-vehicle retailer Vroom Inc. said Monday that its COO, Tom Shortt, will join its board of directors and succeed Paul Hennessy as the company's CEO.
The change is effective immediately, as Hennessy has "stepped down to pursue…
Suppliers continuing to feel pressure from inflation, supply chain kinks
Stellantis COO Mark Stewart said the automaker is working with suppliers through the headwinds.
"We continue to work on efficiency programs together of how to altogether get the costs out of the operations so everybody can be profitable…