china automotive news

06/03/2025Automotive News

Ford increases F-150 Lightning prices

Ford is again increasing the price of some models of its F-150 Lightning electric pickup, with the base model now starting at $61,869, including shipping—up about 50 percent over the initial starting price when the truck launched in April 2022.

The price hikes come as the automaker reopens retail order banks for current reservation holders, resumes vehicle shipments and returns to full production at its Rouge Electric Vehicle Center following a February battery fire.

The automaker said the price for the Lariat standard range model will jump from $76,369 to $77,869, while the Platinum model will jump from $98,769 to

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14/07/2023Automotive News

Leasing down in Canada | Automotive News Canada

“Factory help when it comes to leasing has definitely come down,” she said. “And even when they throw something at you, it’s not enough to change the customer’s mind.”

IT DEPENDS ON INTEREST RATES

But while cash and financing customers might come into the dealership less often, Zanchin isn’t concerned that lower lease penetration rates will put a damper on business.

“This is a consumers’ market; they can go anywhere they like,” she said. “So we better present the right price, the right value, the right product [and] the right experience for them to come back.”

It’s also unlikely that

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05/07/2023Automotive News

MintList auction platform makes bids for dealers in Ontario

Auto tech startup MintList will launch its used-vehicle auction and trade-in platform in Ontario in mid-July, as the Vancouver-based company takes its first step outside Western Canada.

Chief Executive Officer Mike Wood said the online tool is not designed to disrupt the dealership model but to cut out the “ugly bits” of transactions for both consumers looking to sell or trade in their used vehicles and dealerships looking to buy them.

“It’s not that black-box algorithm anymore,” Wood said. “It’s complete transparency on what your car is worth.”

The platform, already operating in British Columbia and Alberta, lets consumers auction

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02/07/2023Automotive News

Volvo joins Tesla charging network, joining GM, Ford, Rivian

Annwall noted that Tesla has the “best premium experience with fast charging.”

Tesla has the biggest fast-charge network in the US, with more than 17,000 individual chargers in the Supercharger network, according to iSeeCars. Networks using the Combined Charging System, such as Electrify America and EVgo, have about 11,500 fast chargers.

Tesla’s network has been rated as more reliable by independent studies and is growing significantly faster than competing networks.

CEO Elon Musk has said Tesla is willing to open the Supercharger infrastructure to rivals to spur EV adoption, which will help all automakers.

Tesla’s senior director of charging infrastructure,

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01/07/2023Automotive News

Gerald Meyers obituary: Former American Motors CEO was 94

At a meeting in June 1971 to review new car designs, Meyers didn’t care for any of the proposals from designers. Teague then proposed a wide, small car with lots of glass. He sketched what he later called a “grubby doodle” — a four-wheeled football covered in glass with a roll bar in the middle. It became the Pacer and was introduced in 1975, to initial success, with first-year sales that topped 100,000.

“We saw the Megalopolis — these urban sprawls that extend from Los Angeles to San Diego with no break,” Meyers recalled later. “And congestion, pollution, noise, energy

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28/06/2023Automotive News

Focus on diversity, equity, inclusion ‘makes good business sense,’ the panel says

Creating inclusive workspaces in the automotive manufacturing, distribution and retail sectors is not just a feel-good undertaking, it’s an essential part of doing business, according to panelists at an Automotive News Canada online forum said.

“Inclusion is not just the right thing to do. It makes good business sense,” said Al Ramsay, vice-president and head of the 2SLGBTQ+ and Black customer segments at TD Bank Group. “Inclusion, we think is a competitive advantage.”

Ramsay was one of three panelists to speak at the joint Automotive News Canada/Accelerate Auto web forum held June 27. Ramsay was joined by Brent Smith,

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22/06/2023Automotive News

Nio secures a $740 million investment

CYVN Holdings, a company backed by the Abu Dhabi government, will invest about $738.5 million in Nio Inc., the Chinese electric vehicles the maker said on Tuesday, as it looks to bolster the automaker’s balance sheet.

Nio and peers Xpeng and Li Auto are among those competing to grab a larger EV market share in the world’s largest automotive market dominated by BYD.

Under the deal, Nio will issue about 85 million new Class A shares at $8.72 per share to CYVN Holdings.

CYVN has also entered into a deal with an affiliate of Tencent Holdings, under which it will

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18/06/2023Automotive News

Automotive News Europe honors the 2023 Rising Stars

Nineteen young and talented automotive executives have been honored as Rising Stars within the automotive industry by Automotive News Europe.

A gala awards dinner to celebrate the 2023 Rising Stars winners will take place June 13 in Paris.

Since the program was started in 2011, Automotive News Europe has awarded more than 230 Rising Stars.

The 13th annual Rising Stars awards recognize fast-climbing auto leaders who are already taking big steps forward in the industry. From automakers to suppliers, manufacturing to connected cars, engineering to e-commerce, each Rising Star has spearheaded change and made progress up the career ladder.

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