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News about auto industry:

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    Honda Motor Co. vehicles at an AutoNation car dealership in Fremont, California, U.S., on Monday, Feb. 15, 2021. AutoNation Inc. is scheduled to release earnings figures on February 16.David Paul Morris | Bloomberg | Getty Images DETROIT – U.S. auto sales are expected to nosedive in September, driving purchases of new vehicles down in the...
    NEW YORK (AP) — Ford Motor Co. has hired a former executive from Apple and Tesla to be the company’s head of advanced technology and new embedded systems, a critical post as the auto industry moves to adopt vehicles powered by electricity and guided by computers. Before Doug Field joined Ford, he was a vice...
    Environmental activists protesting car culture disrupted traffic on several highways around Munich before the opening Tuesday of a leading auto show in the German city. Demonstrators unfurled banners with slogans such as “Block IAA,” in some cases abseiling from highway bridges to do so, news agency dpa reported. At one location, they pasted over a...
    In this article FFord Chairman Bill Ford speaks May 19, 2021 during the unveiling of the electric F-150 Lightning pickup truck outside the automaker's world headquarters in Dearborn, Mich.FordDETROIT – A decade ago, Ford Motor was positioning itself to be a leader in electrified vehicles with new global models such as the C-Max and Focus...
    In this article FVIDEO4:1304:13Ford's August auto sales down 33.1%Squawk on the StreetDETROIT – U.S. sales of Ford Motor's new vehicles last month declined by 33.1% from a year earlier due to an ongoing global shortage of semiconductor chips that's wreaking havoc on the automotive industry, the company said Thursday. The Detroit automaker's sales capped off...
    Workers in an automobile factory in Beijing, China.Chalffy | Getty Images SINGAPORE — The automotive sector was hit the hardest by supply chain disruptions during the Covid-19 pandemic, according to a survey that covered six broad industries. The survey was conducted by the Economist Intelligence Unit and sponsored by Citi. It surveyed 175 supply chain...
    Toyota has been the last brand to announce that for its factories, because it has no chips to include in its vehicles. What is happening? Years ago, an engine, four wheels, and a steering wheel were all you needed to build a car. These days they are sophisticated computing platforms, Y chip shortage It affects...
    PITTSBURGH (KDKA) – There is nothing like that new car smell. But it’s a little bit harder to come by these days. READ MORE: Pittsburgh Weather: Temperatures Begin To Warm Up As Weekend Approaches While many businesses are recovering from the pandemic, the car and truck industry is slower to recover. Early predictions...
    After Volkswagen’s emission scandal came to light in 2015, the United States Environmental Protection Agency (EPA) issued several notices to the company after finding a cheat device with their diesel engines. After affecting over 11 million cars worldwide, it was a sudden wake-up call for all automakers after announcing a fine of up to $18...
    (CBS Detroit) — The new Ford Maverick is far from your dad’s Ford Maverick. And depending on your generation, that might be a good thing. The just-announced compact hybrid pickup truck could change the automotive market when it becomes available this fall. The Maverick was once a compact two-door and four-door sedan. (Ford now no...
    DETROIT (AP) — A fire-damaged Japanese factory that supplies many of the auto industry’s computer chips is producing about 88% of what it was making before the March blaze, its owner says. Renesas Electronics Corp. said Tuesday that replacements for fire-damaged equipment arrived on May 27 and should be running in mid-June. That would allow...
    Pittsfield Township, Michigan — On the outside, the electric version of Ford's F-150 pickup looks much like its wildly popular gas-powered version. Yet the resemblance is deceiving. With its new battery-powered truck, Ford is making a costly bet that buyers will embrace a vehicle that would help transform how the world drives. Branded the F-150...
    President Joe Biden pitched his $4 trillion spending plans and his push to refocus the American auto industry around electric vehicles during a Tuesday visit to a Ford factory in Michigan. Biden’s spending plans include the American Jobs Plan (AJP) and American Families Plan (AFP), which total more than $4 trillion in spending and touch...
    White House press secretary Jen PsakiJen PsakiBiden's quiet diplomacy under pressure as Israel-Hamas fighting intensifies Overnight Defense: Administration approves 5M arms sale to Israel | Biden backs ceasefire in call with Netanyahu | Military sexual assault reform push reaches turning point CDC mask update sparks confusion, opposition MORE said on Tuesday that President BidenJoe BidenBiden's...
    In this article 6723.T-JP F GM 8TI-FF NXPI VIDEO9:2609:26How the global computer chip shortage happenedTechThe ongoing semiconductor chip shortage is now expected to cost the global automotive industry $110 billion in revenue in 2021, according to consulting firm AlixPartners. The forecast is up by 81.5% from an initial forecast of $60.6 billion, which the...
    Commerce Secretary Gina Raimondo will reportedly meet with senior auto industry leaders next week to discuss the global semiconductor chip shortage, which has significantly slowed down car production. The meeting will include top leaders from General Motors, Ford Motor, and Stellantis, the owner of Dodge and Chrysler, according to Reuters. "We need to get back...
    SANTA CLARA (CBS SF / CNN) — Intel has a plan to help alleviate the global chip shortage that has hampered the automotive industry, among others. CEO Pat Gelsinger told Reuters on Monday that Intel, headquarted in Santa Clara, is in talks with companies that design chips for carmakers about manufacturing those chips in its factories....
    WASHINGTON (AP) — President Joe Biden used a virtual meeting with corporate leaders about a global shortage of semiconductors to push Monday for his $2.3 trillion infrastructure plan, telling them that the U.S. should be the world’s computer chip leader. “We need to build the infrastructure of today, not repair the one of yesterday,” he...
    In this article F FORD General Motors employees work on the assembly line at Fairfax Assembly & Stamping Plant in Kansas City, Kansas.Jim Barcus for General MotorsClarence E. Brown has experienced union strikes, plant shutdowns and layoffs due to parts shortages during his 47 years working for General Motors. But Brown, president of a...
    The Associated Press NEW YORK (AP) — A fire at a plant owned by Japanese chipmaker Renesas could deepen the ongoing global semiconductor shortage that has especially hampered automobile production. The company, which makes chips for Toyota, Nissan and Honda, expects production at one of the buildings at its Naka Factory in Hitachinaka to be...
    NEW YORK (AP) — A fire at a plant owned by Japanese chipmaker Renesas could deepen the ongoing global semiconductor shortage that has especially hampered automobile production. The company, which makes chips for Toyota, Nissan and Honda, expects production at one of the buildings at its Naka Factory in Hitachinaka to be halted for a...
    New York (CNN Business)A computer chip shortage has long been dogging the auto industry — and now, it will mean added costs at the gas pump for buyers of some General Motors pickup trucks.GM said Monday it will build some versions of the Chevrolet Silverado and the GMC Sierra without a fuel management module that...
    By HOPE YEN and TOM KRISHER, Associated Press WASHINGTON (AP) — A coalition of automakers has told the Biden administration it would agree to raise mileage standards to reduce tailpipe emissions but with tradeoffs and at rates lower than those brokered by California with five other car manufacturers. If agreed to, the proposal could give...
    WASHINGTON (AP) — A coalition of automakers has told the Biden administration it would agree to raise mileage standards to reduce tailpipe emissions but with tradeoffs and at rates lower than those brokered by California with five other car manufacturers. If agreed to, the proposal could give President Joe Biden a quick win by securing...
    Exitus Capital reported on the opening of a 100 million dollar exchange that will be used to support the Mexican auto parts industry, which is expected to register a 24 percent growth in exports throughout this year. In a statement, he pointed out that it is one more effort...
    The U.S. Senate has confirmed former Michigan Gov. Jennifer Granholm (D), President Joe Biden’s nominee, to serve as secretary of energy. Granholm’s confirmation, which came in a vote of 64-35 Thursday afternoon, makes her the second woman to lead the Department of Energy, following Hazel O’Leary, who served in former President Bill Clinton’s administration from 1993...
    This photo shows Ford 2018 and 2019 F-150 trucks on the assembly line at the Ford Motor Company's Rouge Complex on September 27, 2018 in Dearborn, Michigan.Jeff Kowalsky | AFP | Getty Images Automakers across the globe are expected to lose billions of dollars in earnings this year due to a shortage of semiconductor chips,...
    The legacy auto industry is finally sending welcome signals that it’s serious about addressing climate change. We saw it last week when General Motors CEO Mary Barra pledged her company would completely transition to zero-emission vehicles by 2035. And we saw it Tuesday when Toyota, Fiat Chrysler and other manufacturers dropped their support for a...
    DETROIT (AP) — Casting his climate policy as a jobs plan, President Joe Biden left out important context and used fuzzy math when he announced sweeping new green initiatives that he says will boost the U.S. economy with the creation of 1 million new auto jobs. That’s actually far from certain, if not unlikely. A...
    Oregon health workers administer Covid-19vaccines in snowstorm to stranded motorists Federal Appeals Court Denies Qualified Immunity to Officer Who Tear Gassed Reporters Covering 2014 Ferguson Unrest Best & Worst Refinance Mortgage Companies of 2021 Ad Microsoft ...
    I found myself intrigued this morning by this chart from the Wall Street Journal: Tesla’s wild ride in 2020 basically doubled the market valuation of the entire auto industry, which went from about $800 billion to $1.6 trillion. No matter what you think of Tesla, this is rather extraordinary, no?
    Bloomberg Global semiconductor shortage drives small producers (Bloomberg) – The global semiconductor shortage that is disrupting production for automakers, from Toyota Motor Corp. to Volkswagen AG, is turning into a growth opportunity for a global chipmaker. Globalfoundries factories Inc. is working at an unprecedented rate and prioritizes manufacturing auto chips to meet demand, said Mike...
    BEIJING (AP) — China’s sales of SUVs, minivans and sedans fell 6% last year compared with 2019 after demand in the industry’s biggest global market first plunged due to the coronavirus pandemic and then rebounded in the second half, an industry group reported Wednesday. In December, sales rose 7.2% over a year earlier to 2.4...
    NBA photo of the day: Best of the 2020-21 season This Is How Bad the COVID Outbreak Is in Your State Ford shuts down a plant because it cant find enough computer chips © Luke Sharrett/Bloomberg/Getty Images Ford Escape sports utility vehicles (SUV) down the production line at the Ford Motor Co. assembly plant in...
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