by Paul A. Eisenstein | Apr 16, 2021
Airports are getting busier these days as more Americans take to the sky, despite another surge of COVID-19. But travelers who don’t carefully prepare before heading out could be in for a shock, especially if they try to book a last-minute car rental. Someone arriving...
by Joseph Szczesny | Apr 16, 2021
Affordability will become a significant issue for the automotive industry in the not-too-distant future, according to one of the industry’s top analysts. “We’re starting to price people out of the market,” said Carla Bailo, president and chief executive officer of...
by Paul A. Eisenstein | Apr 16, 2021
General Motors and its partner LG Chem will invest $2.3 billion to set up their second battery plant in Spring Hill, Tennessee, alongside what is to become one of four GM EV plants. The new factory will be operated as part of the Ultium Cell LLC joint venture set up...
by Joseph Szczesny | Apr 16, 2021
Stellantis, the new company created by the merger of Fiat Chrysler and PSA, is moving aggressively to prepare for an electrified future, CEO Carlos Tavares said during the company’s first annual meeting this week. During 2021, the newly merged company expects to...
by Joseph Szczesny | Apr 15, 2021
Ford Motor Co. is giving one of its outside directors a new title, vice chairman. Jon Huntsman, who is described as a “vital” member of Ford’s board of directors, joins the company in a senior advisory position, the company said. Company directors Wednesday approved...
by Paul A. Eisenstein | Apr 15, 2021
It’s been six years since Hyundai won raves for the Santa Cruz concept pickup truck and, finally, it pulled the covers off the production model. Think of the 2022 Hyundai Santa Cruz as the world’s first “Sport Adventure Vehicle,” suggested Jose Munoz, CEO of the...
by Joseph Szczesny | Apr 15, 2021
Ford Motor Co. plans to shut temporarily assembly plants in Michigan, Illinois, Ohio, Missouri and Kentucky as it continues to grapple with the semiconductor shortage, which has played havoc with production of vehicles since last fall. Meanwhile, the industry, which...
by Joseph Szczesny | Apr 15, 2021
Magna International, one of the world’s largest automotive suppliers expects global sales to hit as much as $45.5 billion in 2023, officials told investors this week. The company said it expects sales to grow to a range of $43 billion to $45.5 billion in 2023, up from...
by Jim Stickford | Apr 15, 2021
Having all new vehicles be EVs by 2035 is not only better for the environment, better for creating a new industrial manufacturing base and better for American’s wallets, it’s actually doable. Those are the conclusions coming out of a new study titled “2035 Report 2.0:...
by David Loji | Apr 14, 2021
Much of the focus on automakers being forced to shut down plants due to semiconductor shortages has been focused on U.S. facilities; however, Mexico hasn’t been exempted from the semiconductor scarcity and some of its automotive plants have been sputtering. General...
by Michael Strong | Apr 14, 2021
(This story has been updated with a comment from General Motors.) General Motors and LG Chem Ltd. are expected to announce plans for a second joint EV battery facility on Friday. To be built near GM’s Spring Hill, Tennessee plant, construction on the $2.3 billion...
by Joseph Szczesny | Apr 14, 2021
General Motors is taking another run at selling consumers on in-vehicle navigation with Maps+, an app-based system that will be available by the end of the month. The new technology is available to owners of roughly 900,000 model year 2018 GM vehicles and newer as...
