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Automobile
Elon Musk negotiating buyout offer with Twitter; deal is near, reports say
Twitter wants to know more about any active investigations by regulators into Musk, including by the U.S. Securities and Exchange Commission, that would present a risk to the deal being completed, one of the sources said.
Securities…
Offer accepted: Elon Musk taking Twitter private in $44 billion deal
Musk, one of Twitter’s most prolific users with more than 83 million followers, began amassing a stake of about 9 percent in January.
By March, he had ramped up his criticism of Twitter, alleging that the company’s algorithms are biased…
Why Nissan is joining the lidar bandwagon
YOKOSUKA, Japan – Nissan Motor Co. is showing off a next-generation lidar system that it says will let vehicles conduct high-speed emergency maneuvers without a hand on the wheel or foot on the brake.
The advanced driver-assist system…
GM, Ford battle inflation, rising interest rates as they report Q1 results
DETROIT -- General Motors and Ford Motor Co. will report first-quarter results this week in an environment that has become more hostile than executives projected when they last faced investors in January.
The far-reaching economic…
Nissan ends Datsun budget brand
At the time of the reboot, Japan’s Nikkei business daily said Nissan targeted global volume of 300,000 units a year. But sales never blossomed in line with optimistic forecasts.
Nissan could not immediately provide recent annual sales…
Top 100 used-vehicle retailers list shows shift in focus to used cars
Zeigler Auto Group of Kalamazoo, Mich., significantly improved its used-to-new ratio in 2021 beyond the 1-to-1 ratio it posted for 2020, company President Aaron Zeigler told Automotive News. Zeigler rose nine spots to No. 23, retailing…
The latest numbers on the automotive microchip shortage
Automakers lost 87,500 more vehicles from their production schedules as the total number cut because of the microchip crisis this year topped 1.5 million, according to the latest estimate by AutoForecast Solutions.
AFS, in its latest…
The new Mazda CX-50 could be curtains for its popular CX-5
For now, the addition of the CX-50 represents a plus for the Japanese automaker. Mazda says the CX-50 and CX-5 vehicles may be similar, but they target different buyers. And it maintains that there is enough activity in the mass-market…
Border stunt by Texas Governor Greg Abbott hurts industry
The North American auto industry this month learned of another pinch point across its already-troubled supply network — one that directly or indirectly employs 7.1 million Americans and accounts for about 3.5 percent of the nation's…
Audi Urbansphere developed with eye for North American consumer tastes
The Audi Urbansphere — the last of three concepts exploring a future beyond the combustion engine and with advanced automated driving — uses familiar exterior styling to build an alternate mobile interior living or working space.The…