Automakers: Page
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Courtesy of WardsAuto
Ford 2023 Profits Tempered by Electric-Vehicle Losses
John Lawler, Ford chief financial officer, says the company’s 2023 revenues grew 11% to $176 billion, marking Ford’s second consecutive year of double-digit growth. Net income improved year-over-year to $4.3 billion.
By Joseph Szczesny • Feb. 7, 2024 -
Courtesy of Toyota Motor North America
Toyota reports strong earnings as hybrid sales boom
The automaker also raised its full-year guidance.
By Michael Brady • Feb. 7, 2024 -
Explore the Trendline➔
Courtesy of Kia Corporation
TrendlineArtificial Intelligence
Automakers and dealers alike are increasingly seeing the use case for AI within their operations. Explore some use cases in this trendline.
By WardsAuto staff -
Courtesy of General Motors
GM, LG Chem ink $19B cathode material supply deal
The South Korea-based chemical maker will supply the automaker with enough CAM to power five million EVs.
By Ben Unglesbee • Feb. 7, 2024 -
Courtesy of WardsAuto
Under-Threat Audi Q8 e-tron Belgium Plant Cuts Production
Parts delays force reduced output for plant facing uncertain future because of weakening BEV demand in Europe.
By Paul Myles • Feb. 7, 2024 -
Getty Images
Energy Department opens battery R&D funds for sodium-ion
The $15.7 million will also go towards projects using smart manufacturing technologies to lower the cost of battery production.
By Joelle Anselmo • Feb. 6, 2024 -
Courtesy of Volkswagen Group
Volkswagen launches in-house AI company
The lab will create vehicle infotainment and navigation products, collaborating with tech companies across China, Europe and North America.
By Eric Walz • Feb. 6, 2024 -
Courtesy of WardsAuto
GM President Confident Dealers Will Make Money on EVs
Mark Reuss pledges GM wants to make the transition to electric vehicles profitable for auto retailers.
By Steve Finlay • Feb. 6, 2024 -
Courtesy of WardsAuto
Stellantis Squashes Rumors of Renault Merger
Press speculation of M&A creating new giant automaker group ruled out by head of Stellantis's largest shareholder.
By Paul Myles • Feb. 6, 2024 -
Courtesy of WardsAuto
Lincoln Refreshes 2025 Aviator, Drops PHEV
For the ’25 model year, Ford’s Lincoln refreshes the Aviator large CUV, which shares a platform, components and assembly plant with the Ford Explorer.
By David Kiley • Feb. 5, 2024 -
Retrieved from Northwest Seaport Alliance on September 20, 2023
Auto volumes surge at Northwest Seaport Alliance during 2023
The growth was fueled by Glovis America’s consolidation of its Kia and Hyundai business at the seaport and business from General Motors.
By Alejandra Carranza • Feb. 5, 2024 -
Courtesy of Hyundai Motor America
UAW drive gains momentum at Hyundai plant in Alabama
Autoworkers at the plant filed an unfair labor practice complaint against the company in December, alleging union-busting activities.
By Michael Brady • Feb. 5, 2024 -
Courtesy of Stellantis
Peugeot adding ChatGPT voice assistant to its vehicles
The Stellantis-owned brand will pilot the AI-powered chatbot in France, Germany, Italy, Spain and the U.K. before rolling it out to other markets in the second half of the year.
By Eric Walz • Feb. 5, 2024 -
Courtesy of Tesla Inc.
Tesla to update 2.2M vehicles in largest-ever recall
Federal regulators determined the vehicles' brake, park and anti-lock warning lights are too small.
By Eric Walz • Feb. 5, 2024 -
Courtesy of Mazda North America
January sales roundup: Automakers see annual gains, but Hyundai, Kia lag
Honda, Mazda and Subaru posted strong sales figures, avoiding a post-holiday slump.
By Michael Brady • Feb. 2, 2024 -
Courtesy of WardsAuto
Ford Freshens Explorer for 2025
Ford refreshes and adds technology to its leading crossover model for ’25 model year.
By Gary S. Vasilash • Feb. 2, 2024 -
Courtesy of Volkswagen Group
Volkswagen Group names new CTO for China
The Volkswagen brand will also combine its new mobility and technical development divisions.
By Michael Brady • Feb. 1, 2024 -
Courtesy of Office of New York Governor Kathy Hochul
Tesla installing $500M supercomputer to train AI at gigafactory
The New York facility's Dojo supercomputer will process massive amounts of data to support Tesla's autonomous driving program.
By Eric Walz • Feb. 1, 2024 -
Getty Images
Class 8 demand in North America to mostly hold in 2024, Paccar forecasts
Retail orders could hit up to 300,000 units, which is on the upper end of the OEM’s forecast.
By David Taube • Feb. 1, 2024 -
Courtesy of WardsAuto
Volkswagen Group Presents Overhauled China Strategy
Plans are initiated to accelerate the development of electrified ICE models and offer up to 30 BEV models in the world’s largest auto market by the end of the decade.
By Greg Kable • Feb. 1, 2024 -
Courtesy of Toyota Motor Corporation
Toyota sees first annual sales increase in 2 years
The automaker sold 11.2 million vehicles worldwide in 2023, a 7.2% year-over-year increase.
By Michael Brady • Jan. 31, 2024 -
Courtesy of General Motors
GM to sell more hybrids as EV demand wanes
The automaker will time some new vehicle launches to comply with fuel economy and emissions standards, CEO Mary Barra said.
By Eric Walz • Jan. 31, 2024 -
Courtesy of Renault Group
Renault Group cancels Ampere IPO
The automaker planned to spin off its EV and software business in the first half of 2024.
By Eric Walz • Jan. 31, 2024 -
Courtesy of Cruise LLC
GM CEO: ‘We are committed to Cruise’
Despite investigations, ongoing safety concerns and a $2.7 billion loss last year for the robotaxi unit, General Motors CEO Mary Barra insists the “technology is sound.”
By Dan Zukowski • Jan. 31, 2024 -
Getty Images
New vehicle sales slowed in January
Sales volume is projected to end the month down an estimated 21.3% from December, Cox Automotive said.
By Michael Brady • Jan. 30, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
Automotive industry outlook for 2024
Executives are adjusting plans as they deal with economic headwinds, a web of federal mandates and the fallout of the United Auto Workers deal.
By Michael Brady • Jan. 30, 2024
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