Ford said Wednesday during a call with investors that it will pump $11 billion to restructure itself over the next few years as it seeks to remake its business. The automaker's Chief Financial Officer Bob Shanks called Ford's transition a "profound redesign" but neither he nor Chief Executive...Read More»
After shelving plans to develop its own self-driving car, Apple will begin shuttling workers between two of its California campuses in Volkswagen vans fitted with its autonomous technology, a report said Wednesday. The New York Times reported that a deal inked between the two firms will see VW...Read More»
Mere hours before temporary exemptions for certain U.S. allies were set to expire, the Trump administration Monday postponed new, wide-reaching import tariffs on aluminum and steel used in new cars. The temporary tariff exemptions were set to expire at 12:01 a.m. Tuesday. At that time, the...Read More»
General Motors announced Wednesday what could be the beginning of a major shift for its Cadillac luxury division—starting from the top down. The automaker said that Johan de Nysschen, Cadillac's now-former president, has been replaced by GM Canada president Steve Carlisle. De Nysschen, who...Read More»
While President Trump pushes to retool Obama-era fuel economy rules, the White House may also be working on a protectionist measure that could impose even stricter emissions standards on cars imported to the U.S. According to The Wall Street Journal, two U.S. automotive executives suggested that...Read More»
Aluminum suppliers to carmakers are revving up their investments to push out as much metal as possible while the White House decides whether or not to grant permanent tariff exemption status to Canada, but those import taxes may not necessarily translate to higher new car prices in the short term...Read More»
The 2018 Honda Accord sedan has been hailed by critics as handsome, athletic and with charisma to spare, but shoppers are walking right by it in favor of crossovers and SUVs. Dealers’ efforts to move the Accord have floundered, leaving a hefty inventory taking up space. As Automotive News...Read More»
Last week, President Donald Trump announced a plan to place tariffs on imported steel and aluminum. Some car companies that assemble vehicles in the U.S. have responded negatively to the proposal—which sent automaker stocks tumbling on its own. Trump’s plan would impose a 25 percent...Read More»
Daimler AG announced last week that Li Shifu, the founder of Chinese automaker Geely, had acquired almost 10 percent of the shares in the company. Li didn't buy 9.7 percent of Daimler all at once; the outspoken CEO has been accumulating shares on the open market since last fall. The German...Read More»
PSA Group, the French parent company of Peugeot and Citroen brands, is reportedly making Atlanta, Georgia, the home of their U.S. headquarters as part of a bid to return to this market after decades away. Though PSA representatives didn't comment on an Automotive News report, the trade journal...Read More»
Buy a new Ford Escape in a few years' time and there's a good chance you won't need to do much more than pick the color you want at a price that suits your budget. The Detroit automaker said Tuesday at a conference put on by Deutsche Bank that it plans to reduce the "number of orderable...Read More»
Nissan says its ProPilot self-driving technology will be ready to take over the majority of human driving responsibilities by 2020. The automaker demonstrated the ProPilot technology with an Infiniti Q50 equipped with all necessary components. As the video shows, the Q50 was able to navigate not...Read More»
Google-owned Waymo is taking the driver out of self-driving cars with a new ride-hailing service that just launched in suburban Phoenix. About 100 Chrysler Pacificas equipped with Waymo's self-driving technology are now being tested in Chandler, Arizona, company CEO John Krafcik said Tuesday...Read More»
Although Toyota hasn't been a pioneer in self-driving cars, it's clearly interested in bolstering its use of the technology. As the company looks toward the future, Reuters reported on Sunday its new venture capital arm invested $14 million into an Israeli robotics company, Intuition Robotics...Read More»
General Motors closed its last Holden factory in Australia last week, officially bringing to an end nearly a century of Australian automotive manufacturing. The move was far from unexpected, and follows similar pull-outs from both Ford and Toyota last year as carmakers seek out more sustainable...Read More»
NAFTA negotiations have reached an impasse in several key areas, chief among them a series of regulations surrounding the automotive sector. While Canadian Foreign Affairs Minister Chrystia Freeland referred to a “series of unconventional proposals” and Mexican Secretary of the Economy...Read More»
Purchasing and leasing new cars may ultimately become a thing of the past if subscription-based services catch on. Porsche is the latest—and perhaps the greatest—to envision this alternative to traditional car ownership, an on-demand, white glove vehicle service it calls Porsche...Read More»
Ford Motor Company's new CEO isn't ready to abandon the traditional sedan just yet, but the recently minted executive is already on a budget-slicing mission that will focus the automaker on SUVs, trucks, and electric cars in the near future. Jim Hackett, who took the helm at Ford in May after...Read More»
Before its new South Carolina plant slated to open next year even builds its first car, Swedish automaker Volvo is expanding its plans for the factory. CNBC is reporting that the company plans to hire an additional 1,900 employees and up its total investment in the facility to $1 billion. Earlier...Read More»
