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DAILY DRIVE PODCAST: March 5, 2021 | Safety tech, shared mobility: A new road for auto insurance
March 05, 2021 10:54:39 AMDaniel Weisman, chief innovation officer at Motion Auto Insurance, says car-sharing, ride-hailing services and enhanced driver-assist systems are changing the way vehicles are insured.
Peugeot U.S. chief Dominique tapped to lead Alfa N.A.
March 05, 2021 09:15:35 AMLarry Dominique has been guiding Peugeot's planned return to the U.S. for four years. It's unclear what his new appointment means for that effort.
Hertz lenders push alternate plan for bankruptcy exit, report says
March 05, 2021 08:45:56 AMUnsecured lenders want to convert their holdings into shares of the reorganized company, which could be traded publicly, Bloomberg reported. That would counter a plan to sell the car rental giant to two investment funds for as much as $4.2 billion.
Wall Street plowed billions into EV stocks before slump
March 05, 2021 08:25:22 AMInvestors have been jumping into EV stocks following the election of President Joe Biden, who they expect will unleash a slew of clean-energy policies.
First Shift: Ford criticized by ITC for SK Innovation battery deal
March 05, 2021 08:12:31 AMFord criticized by ITC for SK Innovation battery deal | VW accelerating EV goals | Porsche adds electric wagon | Mahindra N.A. CEO to retire | Dealers' digital shift
ITC criticizes Ford for pursuing SK Innovation battery deals
March 05, 2021 07:04:25 AMIn a redacted version of its full 96-page opinion, the ITC questioned why the second largest U.S. automaker had continued to pursue battery contracts with SK Innovation "after SK's misconduct in this investigation had come to light."
VW brand will accelerate electric vehicle shift
March 05, 2021 05:56:47 AMFull-electric vehicles are expected to account for more than 70 percent of the brand's European sales by 2030, VW said as it unveiled its 'Accelerate' strategy.
Stellantis to distribute its stake in Faurecia to shareholders
March 05, 2021 05:03:47 AMCompany shareholders will decide on the distribution of the 39 percent stake and the $368 million raised from a previous equity sale in the supplier.
Porsche adds Taycan electric wagon, stepping up Tesla challenge
March 05, 2021 04:27:11 AMThe Taycan Cross Turismo offers more cargo space and headroom than the Taycan electric sedan. The quickest variant accelerates from 0-62 mph in 2.9 seconds.
Stellantis will increase pace of EV launches in Europe, U.S.
March 05, 2021 12:33:13 AMStellantis, whose brands include Opel, Jeep, Ram and Maserati, plans to have full-electric or hybrid versions of all of its vehicles in Europe, as well as its light-duty vehicles in the U.S., by 2025.
Here’s what caused the microchip shortage
March 04, 2021 04:20:29 PMHaas retiring as CEO of Mahindra North America at end of March
March 04, 2021 03:58:34 PMViren Popli will take over as interim CEO of Mahindra Automotive North America.
2021 Porsche Taycan Cross Turismo
March 04, 2021 03:45:40 PMPorsche’s all-electric sports car is getting an all-wheel drive sibling with a new, rugged profile. The Taycan Cross Turismo, Porsche’s second wagon after the Panamera Sport Turisimo, sits 0.8 inches higher than the regular Taycan or a further 0.4 inches (when the Off Road Design Package is included. It will be launched with four variants: Taycan 4 Cross Turismo, Taycan 4S Cross Turismo, Taycan Turbo Cross Turismo, and Taycan Turbo S Cross Turismo. The Taycan’s trunk lid is replaced with a hatch and rear wiper. Porsche has added a dedicated Gravel mode to the Taycan Cross Turismo by raising the suspension to its highest settings and making changes to the stability control and torque management system for better grip on difficult. In base form, it offers 375 horsepower (280 kilowatts) or 469 hp (350 kW) with launch control, and vrooms from 0 to 60 mph in 4.8 seconds with a top speed of 136 mph. It goes on sale in summer 2021 with pricing starting at $92,250, including shipping.
AutoNews Now: Next parts shortage could be foam for seats
March 04, 2021 03:20:38 PMNext parts shortage could be foam for seats | Stellantis not a 'legacy company' | GM's EV digital retail tool | Audi, Subaru join label program | Wagoneer gets Amazon tech
Hisense to acquire Japanese auto air-conditioner maker Sanden
March 04, 2021 02:20:13 PMHisense Home Appliances Group Co. plans to acquire troubled Japanese auto air conditioner supplier Sanden Holdings Corp. as the major Chinese home appliances maker expands into the global auto industry.
FAW bid for Iveco would be subject to Italy's 'golden powers' veto
March 04, 2021 02:17:40 PMCNH Industrial is considering alternatives to a planned spin-off and separate listing of its truck and bus business and that it was in talks with FAW over Iveco's future.
Foam shortage looms over seating suppliers, auto production
March 04, 2021 12:21:45 PMAutomaker purchasing teams are scrambling after the Texas winter storm that shut refineries and pinched supplies of needed byproducts. "This problem is bigger and closer than the semiconductor issue," one auto executive said.
Cadillac launches XT5, XT6 fitted with 48-volt system
March 04, 2021 12:06:30 PMThe 48-volt system will give the luxury brand two core models with enhanced fuel efficiency and driving dynamics in a market shifting decidedly toward electrification.
Jeep Wagoneer, Grand Wagoneer to get Amazon Fire TV for Auto
March 04, 2021 11:52:24 AMThe utility vehicles, tasked with pushing Jeep upstream, will be technological showcases for the adventure brand and function as rolling entrainment hubs with the inclusion of Fire TV for Auto.
DAILY DRIVE PODCAST: March 4, 2021 | 10 years later: Lessons from the 2011 quake in Japan
March 04, 2021 10:17:29 AMAutomotive News Asia Editor Hans Greimel shares what automakers and suppliers have learned from the March 11, 2011, earthquake and tsunami that hit Japan.
GM to launch EV digital retail tool powered by Tekion
March 04, 2021 10:17:21 AMThe platform is designed to facilitate dealers' EV sales as the 2022 Chevy Bolt EV and the larger Bolt EUV hit dealers' showrooms this summer.
FedEx plans all-electric fleet by 2040
March 04, 2021 08:05:28 AMThe move is part of an effort to become carbon neutral that same year, with the company planning to plow $2 billion into the global effort.
First Shift: GM, LG Chem mull second U.S. battery plant
March 04, 2021 08:02:36 AMGM, LG Chem mull second U.S. battery plant | FedEx aims to go all-electric | LG Chem to pay bulk of Hyundai recall? | Honda's level 3 vehicle | CarMax handing out bonuses | Volvo's eye on design
GM mulling second U.S. battery plant, eyes Tenn., report says
March 04, 2021 06:33:09 AMGM is looking to build a second battery factory in the U.S. with South Korean joint venture partner LG Chem, Reuters reported.
Hyundai profit hit after Kona EV recall, but LG Chem seen bearing bulk of costs
March 04, 2021 06:10:59 AMHyundai has revised quarterly earnings despite reports that LG Chem will pay most of the estimated $900 million in costs for the recall.