GM extends recall to cover all Chevy Bolts due to fire risk
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.
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Conexus sees new CEO as just the right ‘maker’
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.
Senate push for expansive electric-vehicle incentives in $3.5T budget could hit bumps
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.
U.S. automakers pledge huge increase in electric vehicles
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.
Semiconductor shortage hammering automakers, costing billions in lost production and sales
The shutdowns have affected plants in Michigan, Kentucky, Kansas, Mexico, Canada and Germany.
Mercedes sketches out all-electric scenario by decade’s end
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.
Used-car prices slip from dizzying heights but remain high
Inventories of used cars remain tight, but a decline in customer traffic in recent weeks has prompted some dealers to trim prices.
Used-car frenzy makes for record prices, ‘cutthroat’ sales floor
The used-car lot, ordinarily a haven of haggling and wheeling-and-dealing, is now a hotbed for wallet-busting transactions.
Stellantis: 98% of its vehicle models to be electric or hybrid by 2025
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.
New auto sales, prices rise as chip shortage cuts U.S. supply
Consumers desperate for new vehicles often paid over the sticker price, pushing the average sales price in June above $40,000 for the first time, according to J.D. Power.
Honda changing course, to build its own electric vehicles
The company said it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral.
Some used vehicles now selling for more than original sticker price
In the past year, used vehicle prices on average have climbed 30%, according to Black Book, which tracks car and truck data. That’s created many crazy situations where high-demand vehicles are selling for more than they did when they were new.
2021 Indiana 100: Tech, younger customers key to RV maker’s growth
Bob Martin is the head of Thor Industries, one of the biggest publicly traded companies in Indiana and, instead of resting on his laurels, he’s creating technology-oriented executive roles within his company and looking to make big technological advancements in Thor’s products.
GM to announce more battery plants this week
The factories would be in addition to two battery cell plants that the company announced in the past two years, both geared to ramp up production as GM rolls out 30 new electric vehicles globally by 2025, with more than two-thirds sold in North America.
Slow charging times remain obstacle for electric vehicle makers
Automakers have developed EVs that go farther per charge and fill up faster. Problem is, most public charging stations fill cars much too slowly, requiring hours—not minutes—to provide enough electricity for an extended trip.
GM lifts forecast as chip shortage eases, stock hits record
Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected.
Volkswagen to use AI to analyze traffic in Carmel using city cameras
The auto company said Wednesday that Carmel will be the first city in the world where the software—which was developed in-house at Volkswagen—will be used to gather traffic and intersection data.
Ford: Electric vehicles to make up 40% of global sales by 2030
The company said 70,000 customers have put down $100 deposits to reserve an electric F-150 in the week since it was unveiled. Ford’s F-Series pickup is the top-selling vehicle in the U.S.
GM profit surges to nearly $3B on sales of higher-margin trucks
The company said it was able to divert precious computer chips to higher-profit models such as full-size pickup trucks and SUVs, and that brought the higher income.
Biofuels producers, farmers not sold on switch to electric
Biofuels producers and some of their supporters in Congress say now is the time to increase sales of ethanol and biodiesel, not abandon them.