Automakers: Page 27
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GM, Hyundai and other top automakers report record US sales in 2023
Higher deliveries, supply chain improvements and stronger dealer incentives fueled the jump in new vehicle sales.
By Eric Walz • Jan. 4, 2024 -
Tesla loses EV sales crown to BYD in Q4, despite annual sales record
The change in quarterly sales rankings signals growing competition in China and other major markets.
By Eric Walz • Jan. 3, 2024 -
Amazon to trial Mercedes-Benz hydrogen fuel-cell trucks in 2024
Daimler Truck aims to make its carbon neutral vehicles available in core markets, including the U.S., Europe and Japan, by 2039.
By Iulia Gheorghiu • Jan. 3, 2024 -
Over 20 EVs will lose tax credit eligibility in 2024
Fewer eligible vehicles could make it harder for automakers to sell EVs by making them less affordable.
By Michael Brady • Jan. 2, 2024 -
US new vehicle sales up 12.8% in 2023: J.D. Power
Despite declining transaction prices, dealers’ “profits continue to exceed pre-pandemic levels,” Thomas King, president of the data and analytics division at J.D. Power, said.
By Michael Brady • Dec. 22, 2023 -
Mercedes-Benz approved to use turquoise-colored lights for self-driving vehicles
It’s the first-ever approval from regulators in California and Nevada to use special colored lighting to indicate the vehicle is operating in autonomous mode.
By Eric Walz • Dec. 21, 2023 -
Deep Dive
Mexico’s nearshoring wave is years in the making
Whether through foreign direct investments or internationally purchased goods, the automotive sector has an outsized share of Mexico's trade.
By Alejandra Carranza , Edwin Lopez • Dec. 21, 2023 -
GM buys out around half of its Buick dealers
Dealers accepting the buyouts declined to invest hundreds of thousands of dollars to sell and service General Motors’ future electric vehicles.
By Eric Walz • Dec. 21, 2023 -
Automakers protest forced recall of 52M air bag inflators
General Motors, Ford Motor Co. and eight other automakers said the risks are too low to warrant a forced recall by the National Highway Traffic Safety Administration.
By Michael Brady • Dec. 21, 2023 -
Hyundai creates CX division, combining retail and after-sales
Michel Poirier will lead the division, which was created in an effort to streamline the automaker’s CX efforts.
By Kristen Doerer • Dec. 20, 2023 -
Mercedes-Benz to test Level 3 autonomous driving on roads in China
The testing permit could pave the way for the carmaker to offer its Drive Pilot feature, which does not require a driver’s full attention, to customers in the world’s biggest auto market.
By Eric Walz • Dec. 20, 2023 -
Tesla to raise wages 10% at Nevada gigafactory: CNBC
The automaker will increase wages from $20 to $22 per hour for employees at the bottom of the payscale, while high-wage workers will go from $30.65 to $34.50.
By Michael Brady • Dec. 20, 2023 -
Volkswagen denies union-busting claims as UAW files another unfair labor complaint
The union said the automaker’s social media, dress code and flier policies are “unlawful” and “have a chilling effect on workers’ rights” to publicly discuss labor conditions and organize.
By Michael Brady • Dec. 19, 2023 -
BWH Hotels to bring Tesla EV charging stations to North American properties
The partnership is the latest between a hotel company and EV charging provider as hotels increasingly seek to cater to eco-conscious guests.
By Noelle Mateer • Dec. 18, 2023 -
GM shakes up product development team amid EV, Cruise troubles
The news comes as General Motors struggles to launch new EVs, and its self-driving unit Cruise faces an uncertain future.
By Michael Brady • Dec. 18, 2023 -
Retrieved from Ford Motor Co. on December 16, 2023
Ford Credit CEO to retire as company names replacement
The division’s incoming CEO, Cathy O’Callaghan, is currently chief accounting officer but will take the helm Feb. 12.
By Michael Brady • Dec. 18, 2023 -
Automakers could face anti-drunk driving technology mandate
The National Highway Traffic Safety Administration aims to publish its final rule before the end of next year, with manufacturers needing to comply as soon as 2026.
By Michael Brady • Dec. 15, 2023 -
GM to layoff 1,300 workers at 2 plants in Michigan
Workers at the automaker’s Orion Assembly plant, which builds the outgoing Chevrolet Bolt EV models, make up most of the cuts.
By Eric Walz • Dec. 15, 2023 -
Treasury releases guidance on IRA clean energy tax credits
Battery manufacturers can receive a tax credit on a percentage of their production costs until 2033.
By Joelle Anselmo • Dec. 15, 2023 -
Lucid CFO resigns in latest leadership shakeup
The news comes weeks after the company unveiled its Gravity SUV and days after the automaker was removed from the Nasdaq-100 Index.
By Michael Brady • Dec. 14, 2023 -
GM’s Cruise unit dismisses 9 top executives amid safety probes
COO Gil West was among the executives let go from the automaker's robotaxi division.
By Eric Walz • Dec. 14, 2023 -
FTC finalizes rule to fight dealer bait-and-switch tactics, junk fees
The Combating Auto Retail Scams rule bans dealers from misrepresenting key information like price or charging consumers for add-ons that do not provide them with a benefit.
By Michael Brady • Dec. 14, 2023 -
Tesla’s largest-ever recall: 2M vehicles to get Autopilot fix
The automaker says the system’s driver monitoring controls may not be sufficient to prevent the misuse of its Autosteer advanced driver assist feature.
By Eric Walz • Dec. 13, 2023 -
Auto industry groups lobby for federal autonomous vehicle rules as skepticism grows
The National Highway Traffic Safety Administration was supposed to publish its proposal in November but has not.
By Michael Brady • Dec. 13, 2023 -
Toyota to expand its US EV battery recycling network
The automaker will partner with Cirba Solutions to recover up to 95% of the critical raw minerals used to produce electric vehicle batteries.
By Eric Walz • Dec. 13, 2023