Via AG Metal Miner The Automotive MMI (Monthly MetalMiner Index) rose slightly higher than in previous reports. Month-over-month, the index went up by 5.08%. Automobile inventories may be rising, b...
Tag: Automakers
Tesla Recalls 4 Million Since January 2022–Here’s How That Compares To Other Automakers
Topline Tesla’s latest recall—over 360,000 Thursday—put its total in the last year over 4 million, the second-most among U.S. automakers, though the vast majority of its recalls have been software fix...
Renault slashes Nissan stake as the automakers overhaul their decades-long alliance
Renault and Nissan automobile logos are pictured during the Brussels Motor Show on January 9, 2020 in Brussels. (Photo by KENZO TRIBOUILLARD/AFP via Getty Images) Kenzo Tribouillard | Afp | Getty Imag...
Lucid Motors Overdelivers On EVs In 2022, But Can It Compete With Tesla, NIO And Other Automakers?
Los Angeles Times via Getty Images Key takeaways: Lucid Group, a luxury electric vehicle maker, announced that it over delivered for 2022 by producing 7,180 vehicles instead of the original guidance o...
European Automakers Face Hurdles In 2023 As China Threat Looms
Recession in the EU? getty The European automotive industry faces a tough year. Will there be a full-blown recession or just a mild one? One leading manufacturer warns of factory closures in 2023, ano...
In December, Automakers Sell Cars, Trucks As Fast As They Can Build ‘Em
A Ford Explorer pickup being built at Ford Motor Co.’s Chicago Assembly Plant. Ford photo A larger supply of new cars and trucks enables a U.S auto sales increase of just over 5% in December, vs...
China’s Underground Market for Chips Draws Desperate Automakers
(Bloomberg) — In her two-bedroom apartment on the outskirts of Chinese tech hub Shenzhen, Wang woke to a deluge of messages. One read: “SPC5744PFK1AMLQ9, 300 pc, 21+. Any need?” Most Read from B...
If chip production is recovering, why are automakers still making fewer cars?
Automakers trimmed 76,000 vehicles from global production plans in mid-September, according to analysts from AutoForecast Solutions. They’ll produce about 3.23 million fewer this year than planned, th...
Will Drivers Pay Extra For Software Upgrades, New Features? Sure, If Automakers Choose Wisely
Moshe Shlisel is CEO of Israeli auto tech company GuardKnox, a specialist in cybersecurity. Photo: GuardKnox Automakers have high hopes for making what some auto industry experts call the “smartphoniz...
Automakers investing in the South as EVs change the auto industry
Jack Weaver, an 82-year-old retired dairy farmer whose house sits on a Civil War battlefield, lives near General Motors’ Spring Hill plant in Tennessee. Michael Wayland / CNBC SPRING HILL, Tenn....
Ford CEO Farley outlined plans for automaker’s electric vehicle shift
Electric vehicle batteries are in short supply, and costs for materials such as nickel and cobalt are surging. Yet legacy automaker Ford Motor says it plans to be profitably building millions of EVs a...
Tencent wants to be foreign automakers’ go-to company for EVs in China
BMW’s iX electric SUV in China was the first global car brand to include the automobile version of Tencent’s WeChat messaging app, according to the Chinese tech company. Tencent BEIJING — ...
EV Sales are Surging, so Why Are Automakers Planning Layoffs?
While electric vehicles are enjoying an unprecedented surge in popularity, ongoing supply chain problems, and growing recession fears are beginning to hit the automotive industry. EV sales rose 65% in...
BYD sold so many EVs it’s one of the top three automakers in China
One of BYD’s bestselling electric car models, the Han, is on display during an auto show in Shenzhen on June 5, 2022. Anadolu Agency | Anadolu Agency | Getty Images BEIJING — Chinese electric ca...
Chinese automakers want to bring assisted driving to the masses
Jidu, Baidu’s electric car venture alongside Geely, revealed its first concept car on June 8, 2022. Baidu BEIJING — As Chinese companies race for a slice of the world’s largest car market,...
Autos As Devices—Startups Spur Innovation As Automakers Take On New Role
Technology demonstration car on the floor of the Autotech: Detroit trade show in Novi, Mich. June 9, … [+] 2022. Ed Garsten Cars are becoming more like a device you might buy at a big box store....
Iran’s Government Tries Once Again To Offload Shares In Local Automakers
A production line for the Samand model at the Iran Khodro auto plant, west of Tehran, on September … [+] 30, 2008 (Photo: BEHROUZ MEHRI/AFP via Getty Images) AFP via Getty Images The Iranian gov...
Ambitious Electric Car Sales Targets May Fall Short And Reprieve ICE Power; Report
Portrait of impatient young woman charging her electric car getty Automakers have over-estimated the market for electric vehicles and will waste millions as they are eventually forced to reinstate pla...
High Prices Persist, Even Though Automakers Build More Cars And Trucks In 2022
Ford Motor Co.’s Kansas CIty Assembly Plant FORD: David Kaup LAS VEGAS — Automakers can probably build an additional 2.6 million to 3.2 million vehicles this year vs. 2021, but even that many ve...
Nickel price surge could threaten automakers’ EV plans
The price of nickel is surging as investors take stock of the new global reality: Russia, a key supplier of the metal, is now facing extensive sanctions following its invasion of Ukraine. In an unusua...
German Automakers, Renault Feel The Heat From Ukraine Disruption; Reports
MOSCOW, RUSSIA – DECEMBER 15, 2020: Renault Duster vehicles undergo a final check at the Moscow … [+] plant of Renault producing cars under the Logan, Sandero, Arkana and Duster brands. Mi...
Automakers cut production due to anti-vaccine Canadian trucker protest
Vehicles block the route leading from the Ambassador Bridge, linking Detroit and Windsor, as truckers and their supporters continue to protest against the coronavirus disease (COVID-19) vaccine mandat...