Tag Archives: Industry

Show-off blow off: Audi joins other luxury makes to skip 2019 Detroit auto show

Following similar announcements from Mercedes-Benz and BMW, Audi announced on Thursday that it will join the rival makes and no longer attend the Detroit auto show. It's the most recent in a series of blows to what many believe is North America's premier auto show. In a statement to Automotive News Europe (subscription required), an Audi official said, "We...

Read More »

Report: Geely selects banks to advise on Volvo IPO

Volvo could be the next major automaker to go public. The Swedish automaker's parent company Zhejiang Geely has selected investment banks Citigroup, Goldman Sachs and Morgan Stanley to advise on an initial public offering, Bloomberg reported on Thursday citing people familiar with the matter. Geely is said to be looking at a value of between $16 billion and...

Read More »

Drive.ai self-driving car service launching in Texas

Citizens of Frisco, Texas, the self-driving cars have arrived. Drive.ai plans to launch a self-driving car ride-hailing service in the Dallas suburb this July in a limited geo-fenced area. The company follows Waymo's announcement that it will operate a self-driving taxi service in a 100 square-mile area of Phoneix, Arizona. Drive.ai said in its Monday...

Read More »

Japanese automakers partner on solid-state batteries in EV race

Japan's major automakers and battery manufacturers have teamed up with their government to fast-track the development of solid-state batteries. The automakers include Toyota, Nissan and Honda, who have joined forces with Japanese battery manufacturers Panasonic and GS Yuasa in the program, the Nikkei reported on Sunday. Japan's Ministry of Economy, Trade...

Read More »

Ford might turn Detroit eyesore into self-driving, EV hub

Ford has its eye on a landmark building nestled in Detroit's Corktown neighborhood. The automaker revealed it has plans to purchase the rotting Michigan Central Station and renovate the space to house an electric- and self-driving car hub. The potential purchase follows Ford's decision to relocate 220 employees to a renovated former hosiery factory near the...

Read More »

Volvo cars and trucks can now inform each other of hazards

A new cloud-based service called Connected Safety will allow Volvo cars and trucks to automatically alert each other to hazardous traffic situations. Volvo Cars and Volvo Trucks are actually separate entities but with the Connected Safety service the two are able to share real-time data to help prevent accidents. Connected Safety will be rolled out this...

Read More »

VW Group boosts battery purchases to $48B, or the same market cap as Tesla

New Volkswagen Group CEO Herbert Diess revealed Thursday that the automaker has awarded $48 billion in contracts to battery suppliers. The goal is to reach $50 billion to cover the automaker's battery needs through to 2025. The $48 billion figure is roughly equal to the entire market capitalization of Tesla and double what the VW Group had been planning...

Read More »

Toyota plans self-driving test site for emergency maneuvers

Toyota on Thursday revealed plans to build a dedicated test site for self-driving cars. The site will be located within the 1.75-mile oval test track of the Michigan Technical Resource Park at Ottawa Lake, Michigan and span approximately 60 acres. It will include congested urban environments, slick surfaces and a four-lane divided highway with high-speed...

Read More »

Report: Former VW CEO Martin Winterkorn facing US charges in dieselgate scandal

A Michigan federal court has charged former Volkswagen CEO Martin Winterkorn with defrauding the U.S. for his role in the VW diesel emissions scandal, according to a report from Reuters. Winterkorn resigned in September 2015, shortly after the company admitted that Volkswagen's 2.0-liter turbodiesel 4-cylinders engine was intentionally and illegally fitted...

Read More »

Genesis can’t make up its mind on how to sell cars

Genesis, Hyundai's luxury division, has reneged on a previous decision to create dedicated dealerships under new franchises. The decision left current Hyundai dealers in the cold over the chance to set up their own Genesis dealerships, but made others feel welcome back into the fold. Automotive News (subscription required) reported on Tuesday that every...

Read More »