Highway safety agency reports power problems in 2022 Hyundai Ioniq 5 SUVs

Detroit — Multiple U.S. owners of Hyundai’s popular Ioniq 5 electric SUV have complained of completely or partially losing propulsive power, many after hearing a loud popping noise, the National Highway Traffic Safety Administration said Saturday. Hyundai said it would offer a software update beginning next month and replace affected components if necessary. The NHTSA… Continue reading Highway safety agency reports power problems in 2022 Hyundai Ioniq 5 SUVs

Stellantis appoints new head of customer experience in North America

The maker of Jeep SUVs, Ram pickup trucks and other vehicles has named a new head of customer experience in North America to replace a 30-year veteran who is retiring. William Kendell, who holds global responsibility for propulsion supplier quality at Stellantis NV, will succeed David McDonald effective July 1. Kendell will direct staff around… Continue reading Stellantis appoints new head of customer experience in North America

Is EV charging the new hot amenity for apartments and offices?

Real estate is ready to get plugged into the electric vehicle revolution. With thousands of new electric automobiles hitting the road every day, owners of everything from offices to apartment buildings are being pressured to provide charging stations for their tenants. But who pays for installing what ultimately could be millions of chargers and how… Continue reading Is EV charging the new hot amenity for apartments and offices?

Mahindra Defence begins rolling out Armado specialist vehicle for armed forces

Mahindra Defence Systems (MDS), a wholly owned subsidiary of Mahindra & Mahindra, has begun rolling out the Armado, an armoured specialist vehicle which has been indigenously developed. In a tweet this morning, S P Shuka, chairman of Mahindra Aerospace, Mahindra Defence and president of the Society of Indian Defence Manufacturers (SIDM), said: “Mahindra #Defence commences production… Continue reading Mahindra Defence begins rolling out Armado specialist vehicle for armed forces

India Yamaha Motor opens 200th Blue Square showroom in Chennai, targets 300 by year-end

India Yamaha Motor has opened its 200th Blue Square showroom in Chennai. The network expansion and milestone dealership comes just under a year after the company announced its plans to convert all its dealerships into Blue Square outlets. Furthermore, by the end of this year, there will be 300 Blue Square stores in India. The Japanese scooter… Continue reading India Yamaha Motor opens 200th Blue Square showroom in Chennai, targets 300 by year-end

UAW President Shawn Fain outlines changes to the union’s operations ahead of bargaining

UAW President Shawn Fain outlined several changes Friday in how the union will operate going forward from its communications strategy to organizing more members across various industries to changing how it does politics. “Our members are excited about a clean, member-driven fighting UAW,” Fain said. “That means we have to make some important changes as… Continue reading UAW President Shawn Fain outlines changes to the union’s operations ahead of bargaining

Automakers’ new crisis: Some 70,000 new cars are stuck at factories amid rail car shortage

Paul Zimmermann is feeling some deja vu these days. His new-car inventory at Matick Chevrolet in Redford last month was nearly as thin as it was during the semiconductor chip shortage two years ago. Only this time the automakers have the parts they need to build their cars. They just can’t get the finished vehicles… Continue reading Automakers’ new crisis: Some 70,000 new cars are stuck at factories amid rail car shortage

Toyota defies skeptics as stock seals best week since 2009

Akio Toyoda, president and CEO of Toyota Motor Corp. Kiyoshi Ota | Bloomberg | Getty Images DETROIT – Toyota Motor stock sealed its best week since 2009 on Friday, as the automaker laid out a robust plan for future all-electric vehicles and company scion Akio Toyoda became leader of the Japanese company’s board. Shares of… Continue reading Toyota defies skeptics as stock seals best week since 2009

Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving

Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot | Getty Images Tesla CEO Elon Musk thinks the automaker’s market capitalization is directly tied to whether the automaker is able to solve autonomous driving,… Continue reading Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving

Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says

Simon2579 | E+ | Getty Images More wrecks, fewer shops mean higher premiums Average motor vehicle insurance prices rose by 17.1% in May versus a year ago, according to the consumer price index. That’s among the largest annual increases of any consumer good or service, bested only by prices for margarine, frozen vegetables, motor vehicle… Continue reading Auto insurers are raising rates, even as car prices ease. ‘The pandemic has been really disruptive to the auto repair business,’ economist says