Honda changing course, to build its own electric vehicles
The company said it plans to phase out all of its gasoline-powered vehicles in North America by 2040, making it the latest major automaker with a goal of becoming carbon neutral.
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Some used vehicles now selling for more than original sticker price
In the past year, used vehicle prices on average have climbed 30%, according to Black Book, which tracks car and truck data. That’s created many crazy situations where high-demand vehicles are selling for more than they did when they were new.
2021 Indiana 100: Tech, younger customers key to RV maker’s growth
Bob Martin is the head of Thor Industries, one of the biggest publicly traded companies in Indiana and, instead of resting on his laurels, he’s creating technology-oriented executive roles within his company and looking to make big technological advancements in Thor’s products.
GM to announce more battery plants this week
The factories would be in addition to two battery cell plants that the company announced in the past two years, both geared to ramp up production as GM rolls out 30 new electric vehicles globally by 2025, with more than two-thirds sold in North America.
Slow charging times remain obstacle for electric vehicle makers
Automakers have developed EVs that go farther per charge and fill up faster. Problem is, most public charging stations fill cars much too slowly, requiring hours—not minutes—to provide enough electricity for an extended trip.
GM lifts forecast as chip shortage eases, stock hits record
Shares of General Motors Co. closed at a record high Thursday after the company said its efforts to manage the global computer chip shortage have worked better than expected.
Volkswagen to use AI to analyze traffic in Carmel using city cameras
The auto company said Wednesday that Carmel will be the first city in the world where the software—which was developed in-house at Volkswagen—will be used to gather traffic and intersection data.
Ford: Electric vehicles to make up 40% of global sales by 2030
The company said 70,000 customers have put down $100 deposits to reserve an electric F-150 in the week since it was unveiled. Ford’s F-Series pickup is the top-selling vehicle in the U.S.
GM profit surges to nearly $3B on sales of higher-margin trucks
The company said it was able to divert precious computer chips to higher-profit models such as full-size pickup trucks and SUVs, and that brought the higher income.
Biofuels producers, farmers not sold on switch to electric
Biofuels producers and some of their supporters in Congress say now is the time to increase sales of ethanol and biodiesel, not abandon them.
Volkswagen admits lying to media with fake statement on name change
The fake press release could land Volkswagen in trouble with U.S. securities regulators because its stock price rose nearly 5% on Tuesday, the day the bogus statement was officially issued.
Chip shortages force more cuts at North American auto plants
Consultant AlixPartners has said the global chip shortage could cost automakers $61 billion in lost sales this year. The recent setbacks could further delay an expected second-quarter recovery in output.
Chip shortage causing production issues at Ford, Honda, GM, others
Automakers have said they don’t expect the chip shortage to get any better before the third quarter of the year, potentially costing them billions of dollars in revenue.
KAR Global invests millions in Israel-based artificial intelligence company
The strategic investment creates a partnership between the two companies that is expected to bring KAR customers a new slate of automated vehicle inspection products.
Alliance Recreational Vehicles to add 650 jobs in Elkhart
The company said it will invest $33 million to expand its bustling Elkhart campus, which opened in 2009. It is slated to receive up to $11 million in tax credits.
Automakers embrace electric vehicles, but what about buyers?
The world’s major automakers have made something abundantly clear: They believe electric vehicles will dominate their industry in the years ahead. But the American public is far from sold on the idea.
Longtime KAR Global leader Jim Hallett stepping down as CEO
Peter Kelly, who joined the company in 2011 when he sold KAR Auction Services his 11-year-old online vehicle auction firm Openlane, has been named CEO.
U.S. safety agency investigating engine fires in top-selling Toyota SUV
A Toyota spokesman would not answer questions about whether the SUVs should be parked outdoors until the matter is resolved, but said the company is cooperating in the probe.
New or used? Either way, price hikes squeeze U.S. auto buyers
The price of an average new vehicle jumped 6% between January and December 2020, to a record $40,578, according to data from Edmunds.com. Yet, that increase was nothing next to what happened in the used market.
GM’s Chevy Bolt SUV joins parade of new U.S. electric vehicles
The Bolt will bring the total number of EVs on sale in the U.S. to at least 23, and Edmunds.com expects that figure to reach 30 this year.