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Courtesy of Lucid Group
Lucid secures $1.5B from largest shareholder
The funding will extend the EV maker’s runway to the end of 2025, according to its principal accounting officer.
By Haley Cawthon • Aug. 6, 2024 -
Courtesy of WardsAuto
Denso Hydrogen Generation Tech Claims “Thousands of kW” Potential
Auto supply giant teams up with energy company Jera to begin testing commercial hydrogen production from waste heat.
By Paul Myles • Aug. 6, 2024 -
Explore the Trendline➔
Courtesy of Toyota
TrendlineAutomotive Manufacturing
Production strategies are changing rapidly as tariffs and shifts in consumer buying patterns affect the industry.
By WardsAuto staff -
Courtesy of WardsAuto
Weak Yen Boosts Japanese Auto Exports
“Due to the yen’s drop, Japan’s corporate profits have risen to their highest levels since 1954,” Nanzan University researchers say.
By Kathryn Wortley • Aug. 6, 2024 -
Courtesy of Mercedes-Benz AG
Mercedes-Benz promotes execs to US leadership
Marcus Herring was appointed VP of sales and product, and Michael Minielly was named director of communications and experience.
By Haley Cawthon • Aug. 5, 2024 -
Courtesy of NXP Semiconductors
NXP Semiconductors’ inventory woes persist amid slow auto demand
The company's revenue was down last quarter as its plan to normalize inventory levels takes longer than expected.
By Kate Magill • Aug. 5, 2024 -
Courtesy of WardsAuto
Magna’s Volumes Hit by BMW, Ineos and Fisker Production Cuts
Scrapped production plans and an automaker shift back to gas and hybrid powertrains as BEV sales slow hurt auto supply giant's Q2 volumes.
By Paul Myles • Aug. 5, 2024 -
Lukas Schulze via Getty Images
Auto industry’s innovation push brings ‘startup’ capital structure
As automakers juggle EV resource allocation, regulation and macroeconomics, they are operating more like startups, according to the most recent Hackett Working Capital Survey.
By Adam Zaki • Aug. 5, 2024 -
Courtesy of Volkswagen
Volkswagen looks to drive down costs as overhead increases
The automaker aims to improve profitability across its brands, while also pushing early retirements and hiring freezes.
By Haley Cawthon • Aug. 2, 2024 -
Courtesy of WardsAuto
Europe Drives Volvo’s 6% Global Sales Rise in July
Electrified powertrains lead sales hike with PHEV products selling about the same as Volvo's much-hyped BEVs.
By Paul Myles • Aug. 2, 2024 -
Courtesy of Toyota Motor North America
Toyota sales dropped over 20% in Japan in Q1
But sales gains in the U.S., Europe and Asia helped the automaker post a profitable quarter.
By Eric Walz • Aug. 2, 2024 -
Courtesy of WardsAuto
Genesis Harnesses Sleek Visuals in Latest Most-Seen Auto TV Ad
Viewers found the No.1 commercial for the 2025 GV80 Coupe to be particularly “upscale” and “cinematic,” based on survey data from iSpot’s Creative Assessment.
By Wards Staff • Aug. 1, 2024 -
Courtesy of Addionics
GM Ventures leads $39M funding round for battery technology startup
Addionics intends to use the funds to build its global workforce and expand manufacturing and commercialization efforts.
By Haley Cawthon • Aug. 1, 2024 -
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 -
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
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