Mexican supplier Nemak reported net income of $40 million in the first quarter, compared with a net loss of $14 million in the year-earlier period, and attributed the turnaround to cost-reduction initiatives and an improved product mix in its electric vehicle and structural applications segment. Revenue increased 15 percent to about $1.04 billion, up from
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The electrification of the auto industry presents a conundrum for automakers transitioning legacy models from gas- and diesel-powered internal combustion engines to electric motors: what if the industry is ready before the customer is? In the case of the Audi A6, the brand says it’s planning on selling two versions: one gas and one electric,
AutoNation Inc., which posted robust first-quarter net income compared with a net loss in the year-earlier period, said Tuesday it plans to expand its used-vehicle-only AutoNation USA business to more than 130 stores by the end of 2026. The nation’s largest new-vehicle retailer also announced it has signed an agreement to acquire 11 dealerships from
Genesis makes its electric vehicle plans official with the appearance of the Electrified G80 at the Shanghai Auto Show. We expect the EV model to show up on our shores within the next year or two, as well, given the brand claims the Electrified G80 is a global vehicle. The parent company of Genesis, Hyundai
Electrified vehicles will account for more than half of light vehicles sold across the globe by 2026, largely driven by sales in Europe and China, according to a new forecast from Boston Consulting Group. The projection is an ambitious update to the group’s forecast last year that electrified vehicles would account for only a third
There’s no denying that Lincoln is in a better place than it’s been in years. The Navigator and Aviator have taken the American luxury brand in a bold, distinctive direction. There’s no reason the Lincoln Continental couldn’t have distilled this down into a similar experience, but as you’re probably aware, the Continental never managed to
The president of a luxury used-vehicle dealership in Texas is growing his business in the state with the acquisition of a Chevrolet-Buick store. Michael Handwerger, president of Alpha One Automotive Cos. in Round Rock, last week bought Miller-Starnes Chevrolet-Buick in Rockdale from Allan Miller and Kerry Starnes. “We were looking for a store within a
General Motors and LG Energy Solution today confirmed the two companies will build a $2.3 billion battery cell plant in Tennessee that will be key to powering the 2023 Cadillac Lyriq electric midsize SUV, which will be assembled at the adjacent Spring Hill vehicle assembly plant starting next year. Construction begins immediately on the 2.8-million-square-foot
DETROIT — General Motors’ goal to have a fully zero-emission lineup by 2035 is unquestionably ambitious, considering it sells just one electric vehicle in the U.S. today. But a top executive with the automaker says that’s a target, not a promise, and GM won’t give up on gasoline-powered vehicles so soon if consumers still want
There are a few different ways to get your carbon fiber fix if you’re purchasing a Ford Mustang Shelby GT500. You can go all-out and opt for the $18,500 Carbon Fiber Track package, which includes some carbon fiber bits (an unmistakable GT4 track wing, splitter wickers, and 20-inch wheels), as well as a bunch of
Mercedes-Benz is adopting the boxy styling of its rugged G-Class off-roader with its latest battery-powered vehicle, the EQB. The compact utility will offer seating for up to seven people and is targeted at families who want a greener alternative to the GLB combustion engine model on which it’s based. The EQB’s driving range is 478
By 2030, every nameplate—including Jeep, Ram, Chrysler, Dodge, Maserati, and a plethora of other brands—under the Stellantis umbrella (the company created in January by merging FCA and PSA Group) will offer an electric vehicle. In the run-up to 2030, the company plans to build plug-in hybrids of most models as part of an accelerated global electrification
Editor’s note: It’s been 25 years since the GM EV1 rolled into showrooms and launched the electric vehicle in the modern era. This article is part of a special report Automotive News will publish on Monday. If you really want to know who killed the electric car, we’ll tell you. It’s Charles Kettering, and he
Thousands of miles from Santa Fe, New Mexico, the driver of a Hyundai Santa Fe has attempted to mimic Santa’s sleigh. The SUV crashed through traffic-control arms as a drawbridge in Daytona, Florida, was raising and jumped the gap to the other side. All jokes aside, the wayward Hyundai’s flight was caught on security cameras,
Volkswagen is expanding its electric vehicle family with two versions of a production-ready, three-row, seven-passenger crossover that it will begin producing in China with two joint-venture partners. A version of the Atlas-sized ID6 — the latest in the automaker’s global lineup of EVs, following the debut last year of the Golf-sized ID3 and Tiguan-sized ID4
A new limited-production pickup truck is strutting its stuff out of the Mopar Custom Shop at Fiat Chrysl—we mean, Stellantis. It’s called the Mopar 2021 Ram 1500 Special Edition, and it’s best you dash any hopes that slapping the Mopar name on Ram’s Hemi-powered 1500 might result in a muscle street truck with beefed-up performance, an
As president of General Motors from 1990 to 1992, Lloyd Reuss was an early champion of the Impact, the concept car that became the EV1. Among other things, Reuss, now 84, helped put in place the engineering team that created the Impact. Thirty years later, Reuss’ son, Mark, 57, is now GM president, and he’s
But Hyundai execs knew it was a risky segment and said the Santa Cruz was one of the most-researched vehicles they had ever created. They believed there was a market for the truck, even though success had eluded other automakers. Hyundai Santa Cruz Concept Dave Zuchowski, the then-CEO of Hyundai Motor North America, said the
The coronavirus outbreak in Michigan, which has emerged as the worst U.S. hotspot, is surging in a critical factory for Stellantis NV’s Ram pickup truck with an estimated 10 percent of production employees out for COVID-related reasons. About 630 production workers were absent on Tuesday because they’d either tested positive for COVID-19 or were in quarantine,
The automaker that implemented mass production and affordable cars over 100 years ago is now making modern driver-assist features more accessible. Ford offers the Co-Pilot360 active safety suite in some form on almost every model it sells. (Ford GT drivers miss out, but something tells us they won’t mind.) Read on for all the details
TOKYO – Indicted former Nissan director Greg Kelly, still on trial in Tokyo, got a shot of support from Washington ahead of this week’s summit between President Joe Biden and Japan’s prime minister, with a prominent U.S. senator calling Kelly’s treatment a stain on Japan. Sen. Roger Wicker of Mississippi defended Kelly as “blameless,” and
Nissan’s latest take on its GT-R sports car comes in the form of the NISMO Special Edition. The limited-run model, which is due to arrive in the United States this fall, straddles the line between the 2021 and 2022 model years, which is why the Japanese brand instead intends to market and sell this car
Mercedes-Benz wants to shock and awe with its first battery-electric model in the U.S. — and attract new customers to the brand. The EQS sedan is an emissions-free reincarnation of Mercedes’ vaunted flagship S-Class, and it’s at the vanguard of a fleet of EVs that the automaker will launch in the U.S. under the EQ
Hummers are big, right? Duh, you’re thinking, that’s not news. Always were, always will be. It’s not, and you’re right: the 2024 GMC Hummer EV SUV is a big, big vehicle—just like its unabashedly, proudly oversized predecessor, the 2003-2009 Hummer H2. Debuting just a few years after the first-generation Toyota Prius, the first non-military Hummer
DETROIT — Jon Huntsman, a Ford Motor Co. board member and former governor of Utah, has been named to a new position of vice chair, policy, effective May 3, the company said Wednesday. Huntsman, 61, will advise CEO Jim Farley and Executive Chairman Bill Ford on “strategic policy matters” and will work closely with the
See all 8 photos MG’s new Cyberster concept isn’t the cute and charming compact sportscar its predecessors were. Designers at the MG Advanced Design Centre team opted for a future-forward appearance rather than one stuck in the past. The front fascia appears to take more inspiration from Spiderman’s anti-hero Venom than the brand’s historical models.
One-store Honda dealer Ryan Mayer has acquired three dealerships, including a Group 1 Automotive Inc. Kia outlet near the Mississippi Gulf Coast. Mayer, owner and president of Tameron Gulf Coast dealership group of Daphne, Ala., bought the Pat Peck Kia store in D’Iberville, Miss., a store that Group 1 had owned since August 2006, according
Mechanically, the GT Speed ‘vert is identical to the coupe that broke cover earlier in the year. The big change is the addition of a folding soft-top instead of the regular Speed’s swept roof. Power (650 hp) and torque (664 lb-ft) from Bentley’s twin-turbo 6.0-liter W-12 stays the same in the drop-top as it does
Toyota Motor North America has recast its head of strategy to a new role in its information technology division and promoted another executive to take over a reorganized strategy function. Doug Murtha, 55, who joined Toyota’s executive ranks in 1992, once led the former Scion division, and most recently worked as the group vice president
For those who duct tape their phones to the dash to use an app for navigation directions (or plop their phones in the cupholder) because their vehicle does not have a built-in navigation system, General Motors is offering a better solution. Starting April 30, GM will roll out a new app called Maps+ for about
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