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Automobile
Magna launches new advanced driver-assistance functions on 2022 Toyota Tundra amid tech push
Magna International Inc. said it launched new advanced driver-assistance functions on the 2022 Toyota Tundra pickup, a key development for the supplier giant as it looks to establish its position as vehicle automation grows.
In a…
BorgWarner Q1 earnings: Net income triples over weak results last year
Auto supplier BorgWarner Inc. saw its net income more than triple to $200 million in the first quarter of 2022, while its revenue decreased because of shaky foreign currencies and decreased production.
BorgWarner's net income of $200…
First Shift: Sales fall as chip shortage lingers
• How the chip crisis is impacting sales
• Mercedes and BMW sell Share Now
• Rivian scores $1.5B in incentives
• Biden administration's $3.1B EV boost
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How Uber topped Lyft in Q1 earnings performance; shares still plunge
The driver shortage underscores the challenge of grappling with pandemic-induced swings in demand and reveals the fragility of a labor model ill-equipped to address them.
By hiring drivers as independent contractors, ride-hailing…
Credit Acceptance shares surge after Q1 net income rises 6%
Much of that is due to added "noise" so far this year, according to Credit Acceptance's Chief Treasury Officer Doug Busk.
The company "had a tough (comparison) versus January of last year due to federal stimulus dollars," Busk said in a…
GM partnership to provide safety data to transportation officials
General Motors and Inrix Inc. have partnered to provide safety solutions and data to U.S. transportation officials at various levels, the companies said Wednesday.
The product, Safety View by GM Future Roads & Inrix, is a…
U.S. launches $45 million program for EV battery development
The U.S. Department of Energy said it will launch the Electric Vehicles for American Low-Carbon Living program with $45 million to support domestic production of advanced EV batteries. The funding will attempt to address consumer…
KAR Global close to finalizing ADESA U.S. sale to Carvana
Wholesale auction and digital services company KAR Global expects to finalize the sale of its ADESA U.S. physical auction business to Carvana "within the next week."KAR Global CEO Peter Kelly confirmed the timeframe in the company's…
Toyota launches AI devices on the assembly line to boost efficiency
Kaizen, or continuous improvement, efforts are at the core of the Toyota Production System. All over the world, Toyota team members and managers search for every small improvement they can identify to eliminate a wasteful motion or a…
Porsche leads $400M investment in EV battery startup
Porsche AG, planning for rapid electric vehicle sales growth in this decade, said it has taken the lead on a $400 million funding round for Group14 Technologies, a provider of silicon-carbon materials for EV batteries.
Porsche led the…