Category Archives: auto news

LG Electronics to Reimburse GM for $1.9B Bolt EV Recall Costs

As a result of the agreement, GM will recognize an estimated recovery in its third-quarter earnings that will offset $1.9 billion of $2.0 billion in charges associated with the recalls. Continue reading

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Stellantis EV Trifecta – $229 Million to Three Kokomo Plants

In the U.S., Stellantis’ LEV mix for passenger cars and light-duty trucks is expected to be more than 40% by 2030. The Company is targeting for the total cost of ownership – not buying price – of EVs to be equivalent to internal combustion engine vehicles by 2026. Continue reading

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Endurance Racing – Alpine Signatech in LMDh from 2024

Alpine says it wants to add new entries to its list of achievements. From 2024 onwards, Alpine will enter the LMDh, one of the two regulations of the Hypercar category. Alpine will field two cars designed around an Oreca chassis and, bien sûr, an Alpine engine developed at Viry-Châtillon. The power unit will derive with all the expertise acquired in Formula 1 by Renault. Continue reading

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Dealer Demise? The Hyundai Amazon Digital Retail Experience

How long the dealers remain part of the process is an interesting question. Continue reading

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September West EU Car Sales in Severe Supply Slump

“The latest monthly results are clear evidence of the major sourcing issues that are haunting global vehicle production currently, with dealerships unable to meet consumer demand. Adding to market headwinds, those vehicles that are available are generally higher priced, as OEMs look to target the production of higher margin products,” said LMC. Continue reading

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GM’s Dual Platform Strategy – Doubling Revenues by 2030?

However, the success of the prediction will depend on GM smoothly transitioning from internal combustion engines, traditional blacksmithing manufacturing, while keeping dealers and training them for what is the most significant transformation the auto industry has ever seen. This is how science fiction becomes science fact with GM selling more than one million EVs by 2025; 30 million connected vehicles in North America on the road by 2030. Along the way the United States and ultimately the world will turn into an environmental culture that uses technology to make things cleaner and safer. Continue reading

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GM to Invest in New Battery Building to Lower EV Costs

The latest GM announcement comes just one day after it said it reached a deal with Wolfspeed (to develop and provide silicon carbide power devices for GM’s future electric vehicle programs. Wolfspeed’s silicon carbide devices will allow GM to “install more efficient EV propulsion systems that will extend the range” of its growing EV portfolio. The silicon carbide involved will be used in the integrated power electronics contained within GM’s Ultium Drive units in its next-generation EVs. Continue reading

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EV Battery Gold-Rush – GM and Wolfspeed Cut Deal

In a move that is designed to ensure supply and assuage the doubts of the capital markets about the semi-conductor shortage disaster, as part of the agreement, GM will participate in the so-called (and unproven) Wolfspeed Assurance of Supply Program (WS AoSP), which “is intended to secure domestic, sustainable and scalable materials for EV production.” Continue reading

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Rolls-Royce ‘Boat Tail’ Makes Global Debut

Boat Tail marks a retrograde moment in the archives of Rolls-Royce, “demonstrating the brand’s commitment to coachbuilding as a central part of its future direction and portfolio. It continues and accelerates a contemporary coachbuilding movement that began with Sweptail, the first Coachbuild Rolls-Royce of the modern era, which also made its first public appearance at Villa d’Este back in 2017.” Continue reading

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Mazda, Toyota Building 2022 Corolla Cross in Alabama

Alabama, aside from its history of racism and white supremacy, is a right to work*” (for less?) state, which means workers don’t have to be unionized.** Want to bet the Mazda will be a crossover, with maybe a sub-line for a hybrid and or EV? Toyota is vehemently lobbying against the Biden Administration’s ambitious Build Back Better plan that has a provision for made in American by union workers to be eligible for substantial taxpayer-subsidized EV subsidies. This is part of a forward-thinking strategic plan to create middle-class jobs and benefits from the Administration that was put in place by a majority of voters to rid our democracy of the treasonous former Administration still being led from Trump Castle in Mar-a-Lago (Mar-a-Lardo?) that promoted the January 6 insurrection attempt to take over the US Capital and overturn the Presidential election, aka Big Lie that is the ongoing core (rotten) of the Republican party.
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Shareholders Vote to Spin-off of Daimler Truck, Rename Daimler AG to Mercedes-Benz Group

About 3000 viewers followed the virtual Extraordinary General Meeting on the Internet. A bare majority of 56.45% of the share capital was represented. Continue reading

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Nissan R&D Has New Safety Advancement Lab in North America

The 116,000-sq.-ft. facility – like standard automotive industry practices –  is equipped high-speed photography systems, data acquisition equipment and a precise vehicle tow system. The site also includes a test dummy calibration lab, space for preparing vehicles and a pedestrian safety lab. Continue reading

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Climate Change Car Wars – GM to Reach 100% Renewable Energy in 2025

It’s the latest p.r. shot in the car marketing wars by automakers that no longer can deny the real life and planet threatening damages incurred by fossil fuel use. Continue reading

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Connected Cars – GM Debuts Ultifi for Saleable APPs, Services

This latest move is part of an ongoing transition in the auto industry toward more cloud-based services, faster software development and new opportunities to increase revenue and, maybe, customer loyalty. Ultifi is enabled by hardware built into select next-generation products starting in 2023, encompassing internal combustion and electric vehicles. Continue reading

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Sunshine as Disinfectant or Glare? – SEC Proposes Enhanced Proxy Voting Disclosure

While the intent is to slow down the insider trading practices in the capital markets, it is by no means certain it will do so. Without doubt it will increase the complexity and length of disclosure documents thereby leading to more confusion among the people it is trying to help. Continue reading

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