New vehicle sales continue to climb but economy could slow the auto industry’s recovery: J.D. Power

Higher interest rates and worsening economic conditions have the potential to dampen sales growth, yet strong demand for new vehicles should continue to benefit the automotive industry, one analyst said.

By Michael Brady • June 27, 2023

Ford, SK On secure up to $9.2B in loans from DOE

The loan will help finance construction of the companies’ three joint venture battery plants. 

By Megan Ruggles • June 23, 2023

Hyundai to invest $85B in EVs by 2030

The company also boosted its electric vehicle sales target to 2 million units annually by the end of the decade.

By Eric Walz • June 22, 2023

Renault Group CEO Luca de Meo to lead EV-spinoff Ampere

The subsidiary aims to lower EV costs by 40% per vehicle by 2027 and develop new battery technologies and software-defined vehicle architecture.

By Michael Brady • June 21, 2023

Nissan COO Ashwani Gupta to step down

Gupta was responsible for executing the automaker’s Next transformation plan, which included targets of electrifying 40% of its U.S. model lineup by 2026 and boosting global production capacity by 20%.

By Eric Walz • June 16, 2023

7 trends transforming the automotive industry

Technology is reshaping how car makers design, build, sell and service vehicles as they shift to electrification, boost domestic manufacturing and develop new hardware and software partnerships.

By Eric Walz • June 12, 2023

Ford appoints former GM and Whirlpool exec as its chief supply chain officer

Liz Door joins the automaker as it focuses on improving quality and reducing costs through its supply chain as part of its Ford+ plan.

By Eric Walz • June 8, 2023

Ford to grow mobile service fleet by nearly 1,000 vehicles

The expansion could help the maker of the Escape better compete against Tesla as mobile service bookings rise across the industry.

By Eric Walz • May 31, 2023

Mercedes-Benz names new CMO as auto transformation race heats up

Melody Lee previously worked at rival Cadillac, where she overhauled the brand’s identity and helped launch a luxury vehicle subscription service.

By Peter Adams • May 19, 2023

Seventh auto supplier follows Hyundai to Georgia

Seohan Auto Georgia brings auto parts manufacturers' investments in support of the EV campus to nearly $2 billion.

By Sara Samora • April 27, 2023

GM, Samsung SDI partner on $3B battery factory

The new site comes amid the automaker's plans to double EV production in the second half of the year, up to 100,000 vehicles made in North America.

By Kate Magill • April 26, 2023

Departing Ahold Delhaize CFO to join automaker Stellantis

Natalie Knight will become executive vice president and CFO of the multinational vehicle manufacturer when she leaves the Dutch grocery company this summer.

By Sam Silverstein • April 20, 2023

With electric delivery vehicles in high demand, GM’s Brightdrop sold out for the year

The company has over 30 commercial customers covering parcel delivery, retail, rental and service-based utilities.

By Dan Zukowski • April 7, 2023

Rivian recalls more than 12,000 vehicles

The recall equals nearly half the EV company’s total production last year, as it strains to scale capacity.

By Kate Magill • March 2, 2023

Tesla sets sales record as safety concerns mount

California banned automakers from advertising self-driving capabilities that still require a driver in control, while NHTSA is investigating Tesla’s Autopilot system.

By Dan Zukowski • Jan. 26, 2023