Industry

From mid-March through May, the dealership buy-sell market came essentially to a standstill. Over the past few weeks, we have seen an ever-increasing pace of transactions, whether these were picking up where things left off in March or were simply buyers exploring new deals. While most of us are trying to restore as much pre-COVID-19
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Editor’s note: This story is part of the annual Automotive News “Future Product Pipeline” series. BMW plans to keep its foot on the product-development accelerator over the next few years as the performance automaker looks to maintain its sales lead over rival Mercedes-Benz. BMW is launching 12 products this year, including a new 2 Series
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Lithia Motors Inc. is launching a one-price marketplace for new and used electric and hybrid vehicles. The platform, called Greencars, is both informational and transactional and has been in the works for about a year, said Lithia Chief Marketing Officer Tom Dobry. The Medford, Ore., public retailer has been operating it in pilot mode for
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Since 2019, Link Transit in Wenatchee, Wash., between Seattle and Spokane, has tested a city bus with an inductive charging system. To add electricity to the vehicle’s battery pack, the driver simply drives directly over a magnetic pad placed in the ground, matching it with a magnetic pad on the undercarriage of the bus. Electricity
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TOKYO — Clean cars that run on the universe’s most abundant element and emit nothing but water vapor seem like an ideal solution for tackling the world’s energy pinch and climate crisis. That is why several automakers are racing to develop hydrogen fuel cell technology as a long-term, sustainable path to electrifying transportation. But the
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German carmaker Audi has apologised for an ad showing a little girl eating a banana in front of a high-performance car, which drew a torrent of criticism on Twitter. “We hear you and let’s get this straight: We care for children,” Audi tweeted in its apology. “We sincerely apologize for this insensitive image and ensure
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The location of Tesla Inc.’s next U.S. assembly plant ultimately was decided by asking employees one question: Where do you want to live? “I went around the room with my team and said, ‘Where do you want to spend time? Where would you potentially move?’ ” CEO Elon Musk told Automotive News. “Austin was their top
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TOKYO — Lithium ion batteries revolutionized electrified driving by being small, light and powerful. The trio of scientists who developed them even won the Nobel Prize in October for their work. But the advent of solid-state batteries is poised to usher in another leap forward. Solid-state batteries differ from lithium ion batteries in using a
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Editor’s note: This story is part of the annual Automotive News “Future Product Pipeline” series. Nissan is in the midst of a product overhaul as the brand attempts a larger business reboot in the U.S., its second-largest market. The product offensive, which will reduce the average age of Nissan vehicles from more than 5 years
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Dealer grosses this month reached their highest levels since 2007, according to J.D. Power, thanks to a number of COVID-19-related variables working in unison to give franchised auto dealers their strongest pricing power since before the Great Recession. While growing per-vehicle profits on their signature product might seem cause for at least quiet celebration, how
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Editor’s note: An earlier version of this story mischaracterized the ideology of the bipartisan Coalition for a Prosperous America.  President Donald Trump, true to his “America First” promise in the 2016 campaign, has confronted China over its trade practices, treatment of intellectual property and alleged currency manipulation. His tenure has been marked by a two-year
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As the coronavirus pandemic continues to squeeze dealer inventory and threaten vehicle production, retailers are grappling with another issue: a shortage of repair parts for their service departments. The backlog has affected a number of Ford Motor Co. dealers who say they’re waiting weeks, and in some cases more than a month, for parts needed
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A lot of people have been having fun with “Stellantis,” the made-up name for the combination of PSA and Fiat Chrysler. Sure, it sounds like a name for a pharmaceutical product. And it’s officially supposed to evoke the stars, like “stellar.” But I suspect that the creators of this name were thinking about another bright
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With car sales in freefall in the U.S., Mercedes-Benz is moving to reduce its exposure in the vehicle segment. The luxury automaker plans to jettison seven car models from the U.S. market, Mercedes-Benz USA CEO Nicholas Speeks told dealers during a webinar in late June. Speeks did not identify the models or offer a timeline,
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In the early peak of the pandemic, public transit agencies across the country saw sharp declines in ridership, as did ride-sharing and bike-sharing companies. But of these forms of personal mobility, micromobility — including bikes and scooters — is most likely to bounce back, according to an analysis from McKinsey. Despite COVID-19 disruptions to the
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SHANGHAI — Just two years ago, the Chinese auto market was still a place where consumers seemed to have insatiable demand, where companies were rewarded with continuous sales growth and where investments were perceived as virtually a sure bet. Back then, at industry events around the world, the big topic auto company executives loved to
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Electric car maker Tesla has shrugged off the economic upheaval caused by the pandemic to report its fourth quarterly profit in a row. The California company earned $104m (£82m) in the three months to 30 June, with the growth setting it on course for inclusion in the S&P 500. That means Tesla’s shares, already surging,
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Authorities in Germany, Italy and Switzerland have raided the offices of car giant Fiat-Chrysler and truck maker CNH Industrial over claims some engines produced illegal levels of emissions. The action concerns alleged use of so-called “defeat devices” to mask vehicles’ diesel pollution output. Engines used by Fiat, Alfa Romeo and Jeep, as well as CNH’s
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We know Carlos Tavares as the CEO of PSA Group, the French automaker that bought Opel from General Motors and is about to merge with Fiat Chrysler Automobiles. What is less known is how he let the world know he was available for hire. In August 2013, when he was COO of Renault, he told
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Tesla CEO Elon Musk effectively has made a personal profit of more than $80 million from a fine the automaker paid to federal securities regulators. In October 2018, Musk bought $20 million worth of Tesla stock as a way to reimburse the company for a $20 million fine related to his tweet about having “funding
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TOKYO — In a land where American ways don’t always mesh with local consumers, Jeep, the most iconic U.S. brand, has turned to the most iconic of American strategies to fight for market share: It is offering the Japanese deferred payments and leasing deals. Both approaches are virtually unknown in Japan, a market where customers
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