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Category: Motorized Vehicle


Industry Focus Areas, Motorized Vehicle

Audi’s new CEO sees crisis giving struggling automaker an opening

July 8, 2020

Via: Automotive News

FRANKFURT — Audi’s new CEO, Markus Duesmann, plans to seize the deepest industry slump in decades to make the automaker nimbler and restore its technological edge after five years of management turmoil. Duesmann intends to review Audi’s product lineup and […]


Industry Focus Areas, Motorized Vehicle

Ford sales fall 33.3% in the second quarter due to coronavirus

July 2, 2020

Via: CNBC

Ford Motor reported Thursday that its U.S. vehicle sales in the second quarter were down 33.3%, in line with industry expectations as the coronavirus caused consumers to stay at home and dealerships and factories to shutter. Ford’s decline was less […]


Industry Focus Areas, Motorized Vehicle, Regulations

Auto industry may avoid compliance penalties under USMCA for a year

July 1, 2020

Via: Automotive News

WASHINGTON — Automakers and their suppliers may be able to escape penalties for compliance infractions for up to a year under a new North American trade deal that takes effect Wednesday, a U.S. Customs and Border Protection official said Tuesday. […]


Industry Focus Areas, Motorized Vehicle, Process, Production

Byton to suspend production for reorganization

June 30, 2020

Via: Automotive News

SHANGHAI — China-based electric car startup Byton, which has planned sales in the U.S., said Tuesday it will suspend production starting July 1 to conduct a reorganization of the automaker after being hit by the coronavirus pandemic. The company, which […]


Industry Focus Areas, Motorized Vehicle

Tesla hits 10-year milestone. Here’s where it heads next

June 30, 2020

Via: CNBC

Tesla just hit a major milestone. The electric vehicle maker turned 10 years old as a publicly traded company on Monday, a stretch in which it rallied from its IPO price of $17 a share to over $1,000. Just this […]


Industry Focus Areas, Motorized Vehicle

Elon Musk emails Tesla employees: ‘Breaking even is looking super tight’

June 29, 2020

Via: CNBC

Tesla CEO Elon Musk sent one of his characteristic motivational emails to all employees at his electric vehicle company on Monday around noon California time. In the email, which was shared with CNBC, he urged workers to “go all out” […]


Industry Focus Areas, Motorized Vehicle

Ford Promise debt relief program launches

June 29, 2020

Via: Automotive News

DETROIT — Ford Motor Co. launched a debt relief program Monday that allows buyers of a new, used or certified pre-owned vehicle financed through the automaker’s lending arm to return it if they lose their job within a year. The […]


Industry Focus Areas, Motorized Vehicle

Tesla’s industry lead is growing as legacy automakers ‘flail’ on driverless cars, Ark Invest analyst says

June 26, 2020

Via: CNBC

Tesla is peeling away from the pack. The automaker’s head starts in developing electric and autonomous vehicles are solidifying its lead over the rest of the industry as the Covid-19 pandemic weighs on car sales and disrupts supply chains, Ark […]


Industry Focus Areas, Motorized Vehicle

Amazon to buy self-driving technology company Zoox

June 26, 2020

Via: CNBC

Amazon has just taken its boldest step yet into self-driving vehicles, acquiring six-year-old start-up Zoox, the company announced Friday. Amazon said the deal will help bring Zoox’s “vision of autonomous ride-hailing to reality.” Zoox will continue to operate as a […]


Industry Focus Areas, Motorized Vehicle

Tesla plans to expand Calif. battery facility under project ‘Roadrunner’

June 25, 2020

Via: Automotive News

Tesla Inc. plans to build an expanded battery research and manufacturing facility in Fremont, Calif., to be operated around the clock, under a project dubbed Roadrunner, documents from the city government showed. The plan signals the U.S. electric vehicle maker’s […]