All articles tagged with #auto industry
Originally Published 3 days ago — by Financial Times
Chinese car exports are expected to rise significantly as domestic sales slow down, indicating a shift in the automotive market dynamics.
Originally Published 5 days ago — by Financial Times
The US car market is showing signs of fatigue as rising costs are impacting buyers' ability to purchase vehicles, indicating potential challenges ahead for the auto industry.
Originally Published 20 days ago — by CBS News
Mercedes-Benz agrees to pay nearly $150 million to settle allegations of installing devices in vehicles to cheat emissions tests, with the settlement covering over 211,000 vehicles and including provisions for vehicle repairs and consumer relief. The automaker denies liability but aims to resolve all related legal issues in the U.S.
Originally Published 23 days ago — by CBS News
Ford is recalling nearly 273,000 vehicles, including F-150 Lightning, Mustang Mach-E, and Maverick models, due to a parking function failure that could cause cars to roll away, with software updates available to fix the issue.
Originally Published 24 days ago — by Politico
Elon Musk's absence from a Senate auto industry hearing, due to scheduling conflicts and strategic considerations, highlights tensions over equal representation of auto CEOs and concerns about political focus on Musk, potentially impacting discussions on auto affordability.
Originally Published 26 days ago — by CNN
The European Union has scaled back its plan to ban the sale of new combustion engine cars by 2035, now allowing 10% of new cars to be hybrids or internal combustion engines, due to pressure from car manufacturers. This move is seen as a setback for EU climate goals, which aim for carbon neutrality by 2050, and reflects industry concerns over energy costs and competition. The decision has raised environmental concerns, as it may slow progress in reducing vehicle emissions.
Originally Published 28 days ago — by Financial Times
Volkswagen is preparing for its first-ever production shutdown in Germany in its 88-year history, marking a significant event in the automotive industry.
Originally Published 1 month ago — by The New York Times
President Trump has reversed Biden's push for electric vehicles by weakening fuel efficiency standards and promoting gasoline-powered cars, citing cost and performance concerns, thereby undermining efforts to combat climate change.
Originally Published 1 month ago — by Axios
The Trump administration announced plans to roll back U.S. fuel economy standards, claiming it will save Americans up to $109 billion on vehicle costs, a move praised by automakers but condemned by environmental groups, amid ongoing debates over vehicle efficiency and electric vehicle adoption.
Originally Published 2 months ago — by Electrek
Tesla has lost two key vehicle program managers, Emmanuel Lamacchia and Siddhant Awasthi, on the same day, marking a significant change in its leadership team amid ongoing layoffs and strategic shifts, despite the Model Y being its best-selling vehicle.
Originally Published 2 months ago — by bgr.com
GM's plan to phase out Apple CarPlay in favor of its own infotainment system is driven by short-term profit motives, despite widespread user dissatisfaction and CarPlay's popularity among consumers. GM's in-house system is criticized for poor reliability and limited functionality, which may lead consumers to avoid GM vehicles altogether. The article argues that GM's rationale for abandoning CarPlay is unconvincing and that the move could harm its reputation and sales in the long run.
Originally Published 2 months ago — by CNBC
Shares of European automakers rose as China indicated it would consider exemptions for Nexperia chip exports, easing fears of a worsening semiconductor shortage caused by recent export restrictions and government interventions, which had previously threatened auto production.
Originally Published 2 months ago — by Bloomberg.com
The US is set to announce the resumption of Nexperia chip shipments from China following a trade pact between Trump and Xi Jinping, easing concerns over auto industry disruptions caused by previous export restrictions and trade tensions between China and the US.
Originally Published 2 months ago — by CNBC
Global automakers are preparing for potential production disruptions due to a semiconductor chip shortage involving Dutch supplier Nexperia, which is linked to geopolitical tensions between the U.S. and China. Companies have established 'war rooms' to manage the crisis, which is exacerbated by Dutch government actions and export restrictions, threatening vehicle production worldwide.
Originally Published 2 months ago — by Bloomberg.com
US auto plants are facing potential significant impacts on vehicle production within two to four weeks due to a conflict with China over chipmaker Nexperia, which supplies critical older-technology chips. Major automakers like Ford, GM, and Stellantis are working to mitigate disruptions as China blocks exports of Nexperia chips in response to geopolitical tensions, risking industry-wide production delays.