latest automotive news Archives

Ford seeks a ‘blueprint’ contract with Unifor amid transition to electric vehicles

“It’s been a tough environment in recent years between COVID, between the economic pressures with inflation, with housing prices, and that’s something the entire industry is having to reconcile.” A counterbalance to high levels of inflation is “something that’s going to be on the table through these negotiations,” the official added. Income security for workers …

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The EV battery production plans for 5 automakers in Canada

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Arriving relatively late to the EV business, Honda has also turned to the United States to begin its EV transition in North America. The company, along with joint venture partner LG Energy Solution (LGES), broke ground in February on a US $4.4 billion battery cell plant in Jeffersonville. It followed this up with a $700 …

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Expert Insights: Dealership Succession Planning

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ABOUT THE PANELISTS FARID AHMAD Founder and Chief Executive Officer, DSMA With over 35 years of global auto industry experience, Farid is considered a genuine industry expert by dealers and OEMs alike, with his finger on the pulse of the automotive marketplace across North America. Farid is founder and CEO of DSMA, an automotive intelligence …

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Reasons DIY Auto Glass Solutions are a Bad Idea

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You may be tempted to try DIY auto glass solutions to resolve cracks in your windshield or other damage to your auto glass. However, these at-home kits can fail to produce the desired results and can even cause additional damage to your vehicle’s windshield in many cases. A Low Chance of Success According to the …

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The Acura ZDX Type S will be the first of many performance EVs

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Parent American Honda Motor Co. is targeting sales of 800,000 EVs by 2030 in North America, with 500,000 earmarked for the Honda brand. Acura has not been specific about its electrification goals, saying only that its transition will be more aggressive than sibling Honda’s, and it expects 60 percent of its volume to come from …

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BYD: US climate laws could price Americans out of EVs

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It’s bigger than cars. As BYD comes to the foreign exchange globally, it helps tighten China’s grip on products that are crucial to the energy transition as the fraught dynamics of economic statecraft ramp up political tensions. On top of EVs, China is also a key producer of solar panels, wind turbines and electrolyzers, machines …

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No return to pre-COVID inventory levels in sight

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As supply chains began to slowly mend in 2022, automakers poured the limited parts they had available into high-content, high-priced vehicles. High-end trims accounted for about 56 percent of inventory at the end of 2022, compared with 40 percent in 2021 and 17 percent in 2020. “That’s a business decision to be made and a …

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GM CEO Mary Barra: Software, services, autonomy mean growth

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General Motors sees the biggest revenue opportunities from software and services that go beyond what vehicles offer today, rather than charging for features such as heated seats that customers already expect, CEO Mary Barra said Friday. Such software and services represent a major growth opportunity for GM, particularly as they extend beyond a vehicle’s first …

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Canada’s Linamar will ‘immediately’ break ground on new plant

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Canadian auto supplier Linamar Corp. plans to break ground “immediately” on a new plant in Welland, Ont., that will house three giga-casting presses capable of producing very large aluminum structural parts for electric vehicles. The Guelph, Ont.-based parts supplier announced the new site in the city south of Niagara Falls as it reported its first-quarter …

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Transport technology startup funding plunged 43 percent in March

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Globally, deal activity in the mobility technology sector for the fourth quarter of 2022 was going flat into 2023, Jonathan Geurkink, a senior analyst at PitchBook, told Automotive News. “We are seeing investment shift away from the activity in and around autonomous driving and the ride-hailing and last mile stuff seems to be tailing off …

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