Renault’s chief declared the automaker is firmly on the comeback trail after a record loss, forecasting stable profitability despite the global chip shortage and rising raw material prices. The carmaker has “abandoned the approach of only looking for sheer growth,” Chief Executive Officer Luca de Meo said in a Bloomberg TV interview. “We are actually… Continue reading Renault CEO says struggling carmaker has come ‘back from hell’
Author: Detroit News Online
Why Ford’s high-level hiring spree is no accident
This content is only available to subscribers. $1 for 6 Months. Save 98%. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you… Continue reading Why Ford’s high-level hiring spree is no accident
GM, Cruise sue Ford over use of BlueCruise name
Detroit — General Motors Co. and Cruise, its majority-owned autonomous vehicle company, are suing Ford Motor Co. over its use of the name BlueCruise. GM and Cruise, in a late Friday filing in the U.S. District Court of Northern California, claim Ford did “not have the permission or consent of Cruise or GM to use “BlueCruise,” and… Continue reading GM, Cruise sue Ford over use of BlueCruise name
GM issues new recall on Bolts after more battery fires
Detroit — General Motors Co. is again recalling more than 68,000 Chevrolet Bolt EVs from model years 2017 through 2019 for battery defects that have caused fires, the automaker said Friday. GM and battery partner LG Energy Solution found the root cause of battery fires on the Bolts to be “the simultaneous presence of two rare manufacturing defects in the same… Continue reading GM issues new recall on Bolts after more battery fires
Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says
The maker of Jeep and Ram has five years to absorb the roughly 40% increase in costs that electrified vehicles represent before Stellantis NV could face restructuring and job cuts, CEO Carlos Tavares said Wednesday. Tavares and experts have held that not every automaker will be able to make the historic transformation to electric vehicles… Continue reading Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says
Ford, Argo AI team with Lyft to launch self-driving robotaxi service in Miami, Austin
Ford Motor Co. and Argo AI will launch a limited robotaxi service on ride-sharing company Lyft’s platform beginning later this year, the companies announced Wednesday. The initial deployment of the service in two cities — Miami later this year, and Austin next year — marks a significant step on Ford’s path to launching a commercial autonomous-vehicle business. The project… Continue reading Ford, Argo AI team with Lyft to launch self-driving robotaxi service in Miami, Austin
Ford considers sending incomplete cars to dealers. Here’s why
This content is only available to subscribers. $1 for 6 Months. Save 98%. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you… Continue reading Ford considers sending incomplete cars to dealers. Here’s why
Lordstown Motors confirms fed probe of merger, EV pickup orders
Lordstown Motors Corp. disclosed this week federal prosecutors in Manhattan are investigating the electric-truck startup’s vehicle pre-orders and its merger with blank-check company DiamondPeak Holdings Corp. Shares of the Ohio-based company were falling nearly 1%, more than major market indexes, on Friday morning after the company filed an amended registration statement on Thursday. The Securities and Exchange… Continue reading Lordstown Motors confirms fed probe of merger, EV pickup orders
Rivian delays production start to September, cites chip shortage
Rivian Automotive Inc., the electric pickup maker backed by Amazon.com Inc., is pushing back plans to start production of its debut vehicle, which was supposed to begin this month, until September. The startup also shifted the timeline for its second planned model, an electric sports-utility vehicle, from August until an unspecified time in the fall,… Continue reading Rivian delays production start to September, cites chip shortage
Porsche Rimac alliance spells the end of Bugatti as we know it
This content is only available to subscribers. $1 for 6 Months. Save 98%. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The e-Edition, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that interest you… Continue reading Porsche Rimac alliance spells the end of Bugatti as we know it