Automakers: Page 18
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Class 8 demand in North America to mostly hold in 2024, Paccar forecasts
Retail orders could hit up to 300,000 units, which is on the upper end of the OEM’s forecast.
By David Taube • Feb. 1, 2024 -
Courtesy of Toyota Motor Corporation
Toyota sees first annual sales increase in 2 years
The automaker sold 11.2 million vehicles worldwide in 2023, a 7.2% year-over-year increase.
By Michael Brady • Jan. 31, 2024 -
Courtesy of General Motors
GM to sell more hybrids as EV demand wanes
The automaker will time some new vehicle launches to comply with fuel economy and emissions standards, CEO Mary Barra said.
By Eric Walz • Jan. 31, 2024 -
Courtesy of Renault Group
Renault Group cancels Ampere IPO
The automaker planned to spin off its EV and software business in the first half of 2024.
By Eric Walz • Jan. 31, 2024 -
Courtesy of Cruise LLC
GM CEO: ‘We are committed to Cruise’
Despite investigations, ongoing safety concerns and a $2.7 billion loss last year for the robotaxi unit, General Motors CEO Mary Barra insists the “technology is sound.”
By Dan Zukowski • Jan. 31, 2024 -
Bilanol/iStock/Getty Images Plus via Getty Images
New vehicle sales slowed in January
Sales volume is projected to end the month down an estimated 21.3% from December, Cox Automotive said.
By Michael Brady • Jan. 30, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
Automotive industry outlook for 2024
Executives are adjusting plans as they deal with economic headwinds, a web of federal mandates and the fallout of the United Auto Workers deal.
By Michael Brady • Jan. 30, 2024 -
Courtesy of Figure
BMW aims to deploy humanoid robots at its Spartanburg factory
The automaker is testing how general-purpose robots could improve factory productivity as part of a multi-stage deployment deal.
By Eric Walz • Jan. 29, 2024 -
Courtesy of Ford Motor Co.
Lincoln plans to buy out another 100 US dealers in 2024
Ford’s luxury brand is streamlining its sales network to match supply and demand.
By Eric Walz • Jan. 29, 2024 -
Courtesy of Cruise
Justice Department, SEC to investigate Cruise robotaxi pedestrian crash
Cruise exhibited poor leadership, poor judgment and an adversarial attitude toward regulators, according to a report it and General Motors commissioned on the crash.
By Dan Zukowski • Jan. 29, 2024 -
Courtesy of General Motors
GM, Honda begin hydrogen fuel cell production at Michigan factory
The joint venture incorporates many industry-first techniques for automating the production of fuel cells.
By Eric Walz • Jan. 26, 2024 -
Courtesy of Hyundai Motor North America
Hyundai raked in record profits in 2023
Despite last year’s success, the automaker is taking a cautious approach in 2024 as high interest rates and a global economic slowdown threaten new vehicle sales.
By Michael Brady • Jan. 26, 2024 -
Courtesy of Stellantis
Stellantis acquires CloudMade’s AI technology for software-defined vehicles
More than 40 engineers and software developers will join the automaker as part of the deal.
By Michael Brady • Jan. 26, 2024 -
Courtesy of Tesla Inc.
Tesla warns of growing competition from automakers in China
CEO Elon Musk suggested increasing trade barriers could help fend off competition.
By Eric Walz • Jan. 25, 2024 -
Courtesy of Lucid Group
Lucid Motors expands Arizona plant ahead of Gravity launch
The plant will grow by about 3 million square feet as the company adds a new manufacturing facility, storage space and more.
By Michael Brady • Jan. 25, 2024 -
Courtesy of Fisker, Inc.
Fisker says more than 100 dealers are interested in selling its EVs
The EV startup also said it would sell all its unsold 2023 vehicle inventory by the end of the first quarter of 2024 to improve its balance sheet.
By Eric Walz • Jan. 24, 2024 -
Courtesy of Hyundai Motor Group
Hyundai unveils ‘Active Air Skirt’ to improve EV range, stability
The technology increases downforce and reduces turbulence, which improves traction and stability at higher speeds.
By Eric Walz • Jan. 24, 2024 -
Courtesy of Ford
Could 2024 be the year of LFP batteries?
As automakers push for alternative EV battery options, experts say LFP, solid-state and sodium-ion batteries are worth watching in the year ahead.
By Kate Magill • Jan. 24, 2024 -
Courtesy of Stellantis
Stellantis unveils vehicle platform for full-size EVs
The automaker plans to launch eight new vehicles on the STLA Large platform across five brands from 2024 to 2026.
By Eric Walz • Jan. 23, 2024 -
Courtesy of General Motors
GMC expanding to China, Australia and New Zealand
The automaker said entering new global markets would bolster its established operations in the U.S., Mexico, Canada and the Middle East.
By Eric Walz • Jan. 23, 2024 -
Courtesy of General Motors
The hardest manufacturing jobs to fill this year
U.S. EV manufacturers are struggling to find enough workers for positions like automation engineers and machinists.
By Joelle Anselmo • Jan. 23, 2024 -
Tim Boyle via Getty Images
Goodyear names former Stellantis exec CEO
Mark Stewart, former chief operating officer of North America at Stellantis, will lead the automotive supplier’s corporate transformation as it seeks a return to profitability.
By Michael Brady • Jan. 22, 2024 -
Courtesy of Kia America
Hyundai, Kia restructure R&D for mobility, software-defined vehicles
It’s the second time the automakers have reorganized their R&D efforts in the past year.
By Michael Brady • Jan. 19, 2024 -
Courtesy of Ford Motor Co.
Ford to cut F-150 Lightning production amid slowing demand
The automaker is also increasing Bronco and Bronco Raptor production to grow sales and profitability.
By Eric Walz • Jan. 19, 2024 -
skynesher/E+ via Getty Images
Consumer satisfaction with car buying experience the highest since 2020
Larger inventories, higher discounts and more streamlined purchasing experiences are making it easier and faster for consumers to get into a new vehicle, a Cox Automotive survey found.
By Michael Brady • Jan. 18, 2024
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