The top 5 stories of the week: GM’s EV strategy; Apple scraps its car project

1March 2024

The top 5 stories of the week: GM’s EV strategy; Apple scraps its car project

A quick look at the top auto industry stories of the week....

1March 2024

Suppliers, competing with UAW raises, expect higher labor costs in 2024

During quarterly earnings calls with analysts and investors in February, suppliers frequently highlighted one area...

1March 2024

Nissan halts U.K. Leaf output ahead of replacement model

The Leaf was one of the first commercially available battery-electric cars globally, but European sales...

1March 2024

Toyota’s anime series fights for the future of driving

Five short episodes made in the popular Japanese animation style feature young heroes driving Toyota’s...

1March 2024

VW sees slower growth in 2024 on prices, intense competition

Chief Financial Officer Arno Antlitz pointed to a “muted economic outlook and intense competition” but...

1March 2024

Toyota’s Ted Ogawa: Better to buy credits than ‘waste’ EV investment

In an exclusive interview, Toyota Motor North America CEO Ted Ogawa says U.S. EV demand...

1March 2024

Bankrupt Lordstown Motors to pay $26M to settle SEC probe of exaggerated demand claims

SEC: “In a highly competitive race to deliver the first mass-produced electric pickup truck to...

1March 2024

Hyundai sales rebound in February, Kia slips again

The U.S. new-vehicle market is expected to expand 5.6 to 6.3 percent in February, helped...

1March 2024

SAIC-backed IM raises $1.1B for smart car development, expansion

IM will use the funds to work on new smart car models and technologies and...

1March 2024

VW’s Cariad unit taps Changan’s chief software architect as new China head

Cariad, the software unit of Volkswagen Group, appointed Frank Han, previously chief software architect at...

1March 2024

Audi said to plan full takeover of Sauber to run own F1 team

Audi already owns a minority stake in Sauber, but after Gernot Döllner replaced former CEO...

1March 2024

Polestar 3 output begins in China after software glitch delay

Polestar 3 production, delayed last year for software issues, has started in the southwest China...

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