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Automobile
IIHS considers higher-speed test to evaluate automatic emergency braking systems
WASHINGTON — The Insurance Institute for Highway Safety is weighing whether to increase the test speed used to evaluate automatic emergency braking systems as it looks for ways to encourage better technology that can prevent more severe…
Bentley Q1 earnings soar despite vehicles lost at sea, China delays
Hallmark said absent any further supply chain issues, the company could produce around 15,000 vehicles this year, compared with the 14,659 it sold last year.
First-quarter vehicle sales fell 5 percent to 3,203 from 3,358 a year earlier,…
Nikola Q1 earnings: Net losses widen to $153 million
Nikola Corp. reported wider quarterly losses on Thursday, with the electric-truck maker incurring higher costs as it ramped up production of its electric semi trucks.
The company said its net loss widened to $152.9 million in the first…
Public car dealer groups grow digital sales, create new online tools
Penske Automotive Group Inc. executives say the company has embraced multiple digital sales options, with a focus on an omnichannel experience. Omnichannel refers to technology and processes aimed at providing a seamless buying…
Public car dealer groups grow online sales
Penske Automotive Group Inc. executives say the company has embraced multiple digital sales options, with a focus on an omnichannel experience. Omnichannel refers to technology and processes aimed at providing a seamless buying…
Aptiv Q1 earnings: Net income plunged 74%
However, rising prices of raw materials and a global semiconductor shortage forced several automakers to slash their production cycles and in some cases even produce cars without certain features, thereby impacting Aptiv's orders.
The…
Tesla CEO Elon Musk lines up $7 billion from investors for Twitter deal
Tesla Inc. CEO Elon Musk has secured $7.14 billion in funding from a group of investors such as Oracle Corp.co-founder Larry Ellison to fund his $44 billion takeover of social-media platform Twitter Inc., according to a filing on…
Stellantis Q1 report: Revenue rose 12% but global shipments slipped
MILAN -- Stellantis said sales rose in the first quarter, supported by strong pricing and a strong vehicle mix, as well as favorable exchange-rate effects, but it sees only a partial recovery in microchip supply issues this year.
Net…
BMW posts higher earnings on strong demand for top-end cars
BMW and its rivals have shifted production to higher-margin models as output has been hampered by the semiconductor shortage and other supply-chain problems.
Despite delivering 6 percent fewer cars in the first quarter, BMW's auto…
Stellantis boosts revenue 12% despite chip crunch
MILAN -- Stellantis said sales rose in the first quarter, supported by strong pricing and a strong vehicle mix, and also by favorable exchange-rate effects, but it sees only a partial recovery in microchip supply issues this year.
Net…