Detroit-based private equity firm Huron Capital has sold XLerate Group—a company it formed in 2014— to a firm in New York.
KAR Global invests millions in Israel-based artificial intelligence company
The strategic investment creates a partnership between the two companies that is expected to bring KAR customers a new slate of automated vehicle inspection products.Read More
Car dealers hungry for inventory after factory shutdowns leave lots depleted
Automakers essentially halted production for eight weeks—from mid-March through mid-May—as the pandemic wreaked havoc on supply chains and sparked concern for autoworker safety.Read More
Fuel pump problem forces Subaru to recall more than 200K vehicles
The recall covers certain 2019 Impreza, Outback, Legacy, and Ascent vehicles built from June 26, 2018, through Feb. 25, 2019.Read More
Buyers move to used vehicles as new autos hit record prices
Consumers bought an estimated 40.4 million used vehicles last year, likely passing the old record of 40.2 million set in 2018, according to figures from the Edmunds.com auto pricing site.Read More
The Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.
The company also teased upcoming new electric vehicles including a Chevrolet small SUV that will cost around $30,000, as well as electric trucks from Chevrolet and GMC, SUVs from Buick, and luxury vehicles from Cadillac.
The van, manufactured at the Electric Last Mile Solutions Inc. plant in Mishawaka, is among the first of its kind in the U.S. market: a fully electric, light-duty vehicle meant for delivery workers, contractors and other commercial fleets.
When Ford revealed plans to spend more than $11 billion on the fledgling electric vehicle sector, the automaker chose two states where Republican leaders have criticized the push for green energy and defended fossil fuels.
Production has started on a new car model at Honda’s factory in southeastern Indiana. Honda executives, workers and several state officials marked the start of mass production for the 2022 Civic Hatchback at the Greensburg plant during a ceremony this past week. The new Civic Hatchback becomes the third type of vehicle produced at the […]
A forecaster whose production projections are cited by automakers, suppliers and research analysts the world over just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.
A forecast released by the RV Industry Association projects a record shipment of about 580,000 vehicles this year, an increase of 34% from 2020 and 14% more than the previous highest mark in 2017.
Among the plants halting production is one near Fort Wayne that makes the popular Chevrolet Silverado pickup and has more than 4,400 employees.
GM last week recalled Bolt EVs for the third time in nine months because of risk their batteries could catch fire. At stake is what has looked like one of the most promising partnerships in the burgeoning world of electric vehicles.
Escondido, California-based Carwave, founded in 2009, serves franchised and independent dealers in California and has been expanding into other states.
The recall and others raise questions about lithium ion batteries, which now are used in nearly all electric vehicles. Ford, BMW and Hyundai all have recalled batteries recently.
With a last name that means “maker of carts,” Fred Cartwright jokes that he was destined to work in some form of transportation manufacturing. After carving out a nearly four-decade career in manufacturing innovation, he is now the president and CEO of Conexus Indiana.
The Senate dust-up Tuesday reflects long-standing disagreements on Capitol Hill over the benefits of financial incentives to spur the transition to electric vehicles, which make up about 2% of U.S. sales.
Declaring the United States must “move fast” to win the world’s automaking future, President Joe Biden on Thursday announced a commitment from the auto industry to produce electric vehicles for as much as half of nationwide sales by the end of the decade.
The shutdowns have affected plants in Michigan, Kentucky, Kansas, Mexico, Canada and Germany.
The company plans to invest $47 billion in battery-driven vehicles between 2022 and 2080. It says it also intends to work with partners on setting up eight factories producing battery cells.
Inventories of used cars remain tight, but a decline in customer traffic in recent weeks has prompted some dealers to trim prices.
The used-car lot, ordinarily a haven of haggling and wheeling-and-dealing, is now a hotbed for wallet-busting transactions.
The company that combined Fiat Chrysler and Peugeot is developing four fully electric vehicle platforms with ranges from 311 miles to 497 miles, it said.