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Courtesy of WardsAuto
Toyota’s Hybrid Strategy and Weak Yen Boost Q1 Profits
Despite production issues and slumping sales, the automaker posts healthy profits for the start of 2024.
By Paul Myles • Aug. 1, 2024 -
Courtesy of WardsAuto
Hybrids Picking Up Battery-Electrics’ Sales Slack in Europe
Industry watchers link the drop-off in German BEV sales to the government’s sudden cancellation of consumer subsidies.
By Sara Lewis • Aug. 1, 2024 -
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Provided by NPX Semiconductors
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Courtesy of Mercedes-Benz
3 things influencing Mercedes-Benz’s strategy in China
CEO Ola Källenius believes more than 90% of BEV makers in the country are burning cash.
By Haley Cawthon • July 31, 2024 -
Courtesy of Hyundai Motor America
Hyundai’s hybrid vehicle sales jump over 26% YoY
The automaker posted two consecutive quarters of double-digit growth in the segment.
By Eric Walz • July 31, 2024 -
Courtesy of BMW Group.
BMW plans 5 EV battery factories across 3 continents
Assembly plants for the automaker’s sixth-generation, high-voltage batteries are under construction in the U.S., Germany, Hungary, China and Mexico.
By Haley Cawthon • July 31, 2024 -
Courtesy of WardsAuto
Japanese Scandal, Chinese Price War See Toyota’s Output Slump
Global figures take hit in first six months of 2024 after safety certification investigation in Japan and China's price-cutting war.
By Paul Myles • July 30, 2024 -
Courtesy of WardsAuto
GM Struggles to Navigate Red Ink in China
Mary Barra, GM chairman and CEO, says the automaker is not leaving China, but it is preparing to restructure its operations around Buick, which remains popular in the country, and the Wuling and Baojun joint ventures.
By Joseph Szczesny • July 30, 2024 -
Courtesy of Porsche
Porsche supplier factory flood leads to aluminum shortage
The automaker expects disruptions to continue for several weeks, possibly leading to a manufacturing shutdown for certain vehicle series.
By Kelly Stroh • July 30, 2024 -
Permission granted by Rivian Automotive
Rivian chief commercial officer steps down
Kjell Gruner is leaving the EV maker after less than a year in the top sales role.
By Haley Cawthon • July 29, 2024 -
Getty Images
Sustainability reporting, ESG management roles on the rise: Deloitte
The accounting firm’s survey of 300 executives at public companies pointed to an increase in sustainability oversight as disclosure requirements mount.
By Zoya Mirza • July 29, 2024 -
Courtesy of WardsAuto
Mitsubishi Set to Join Nissan and Honda in new Alliance
Renault's long-standing Alliance partners now seek partnership with Honda over BEVs and AI-powered vehicle software.
By Paul Myles • July 29, 2024 -
Courtesy of Stellantis
Stellantis CEO: First half results ‘disappointing and humbling’
The automaker’s net profit was down 48% year over year as it continues to lose market share in North America.
By Haley Cawthon • July 26, 2024 -
Courtesy of WardsAuto
Russia’s Wartime Economy Shores Up Auto Market
Military spending accounts for more than half of Russia’s economy and is growing, according to estimates. Large salaries are being paid to contractors and others associated with the military, keeping the auto industry above water.
By Eugene Gerden • July 26, 2024 -
Getty Images
GHSP adds VP to stabilize auto supply chain
Ludwing Vergara outlined a four-pronged approach that includes improved cost modeling and closer stakeholder collaboration.
By S.L. Fuller • July 26, 2024 -
Michael B. Thomas via Getty Images
GM resumes Missouri production after supplier strike
UAW Local 282 members walked off the job at seat manufacturer Lear Corp. this week, forcing the automaker’s Wentzville Assembly plant to stop production.
By Haley Cawthon • July 26, 2024 -
Courtesy of Ford Motor Co.
Ford EV losses mount, weighing on profits
The automaker has lost $2.5 billion on electric vehicles so far in 2024.
By Haley Cawthon • July 25, 2024 -
Courtesy of WardsAuto
Warranty Costs Again Chip Away at Ford’s Q2 Earnings
Ford is making headway in improving quality, CEO Jim Farley says.
By Joseph Szczesny • July 25, 2024 -
Courtesy of WardsAuto
Renault’s Refocus on Hybrid Powertrains Driving Profit Hike
Pioneer BEV manufacturer benefits from switch to more hybrid offerings to European consumers.
By Paul Myles • July 25, 2024 -
Courtesy of WardsAuto
Stellantis Sales Slump Blamed on Poor North American Performance
Auto brand giant struggles in first half of 2024 but promises bounce-back with 20 new global models in the pipeline even if some brands have to be shutdown or sold off.
By Paul Myles • July 25, 2024 -
Courtesy of Tesla Inc.
Telsa Q2 profits sink 45% as deliveries decline again
The electric vehicle maker delivered 22,184 fewer vehicles year over year during the quarter.
By Haley Cawthon • July 25, 2024 -
Kent Nishimura/Getty Images via Getty Images
What does your CEO need to know about cybersecurity?
CEOs don’t necessarily have to become experts in the technical aspects of cybersecurity to be prepared in case of an attack or — hopefully — stop one before it starts.
By Jen A. Miller • July 25, 2024 -
Courtesy of Cruise LLC
GM shifts AV plans from Cruise Origin to Chevy Bolt
CEO Mary Barra said the move will allow the company to deliver autonomous vehicle technology at scale as quickly as possible.
By Haley Cawthon • July 24, 2024 -
Scott Olson via Getty Images
New vehicle affordability fell in June: report
Still, rising household income and lower interest rates helped keep new cars more affordable than this time last year, according to a Cox Automotive and Moody’s Analytics analysis.
By Kalena Thomhave • July 24, 2024 -
Courtesy of WardsAuto
Volkswagen Plans a Million Solid-State BEVs Annually
Agreement between VW's PowerCo and QuantumScape opens prospect of mass-produced cheaper solid-state batteries.
By Paul Myles • July 23, 2024 -
Courtesy of WardsAuto
UAW Leadership Considers Backing Harris as Biden Bows Out
Trump is reaching out to the union rank and file, and former UAW spokesman Brian Rothenberg says the union membership has always been divided politically with some members preferring more conservative candidates.
By Joseph Szczesny • July 23, 2024
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