The investment firm, which took a stake in General Motors earlier this year, said the car company is primed to lead in EVs.
Automotive
The electric-vehicle maker provided a record number of vehicles in third quarter amid flagging global auto sales.
The Japanese auto maker has overtaken rival GM in U.S. sales for the third quarter and first nine months of the year, illustrating the disproportionate impact of the chip shortage.
Part of BMW’s new portfolio of electrified vehicles, the iX XDrive50 is aimed at the global audience for midsize SUVs. Dan Neil runs down the pros and cons.
Foxconn plans to invest $50 million in the Ohio-based startup and assemble future vehicles.
Once viewed as a short-term crisis for the auto industry, the global computer-chip shortage could take years to fully overcome amid fresh bottlenecks in Asia and the challenge of boosting output of the sector’s more-basic chips.
Former Nissan Motor executive Greg Kelly should spend two years in prison for his alleged role in helping hide former Nissan chief Carlos Ghosn’s pay from the public, Japanese prosecutors told a Tokyo court.
In the race to build a cheaper and longer-range electric car, auto companies are pouring more money into the technology, which has long been considered a moonshot.
The safety recall covers 2021 model-year vehicles for inadequate bonding of the glass panel parts, increasing the risk of injury.
Jeep Wrangler’s first plug-in hybrid for the U.S. market complicates the driving experience in pursuit of regulatory credits and buyer incentives. And for most drivers, writes Dan Neil, it will get poor fuel economy.
Dealerships are scheduled in mid-October to begin fixing Chevrolet Bolts that were recalled for fire risk, although many owners of the electric car likely will have to wait months.
The National Transportation Safety Board said its investigation would focus on the operation of the Tesla Model 3 car and a postcrash fire.
The auto maker said it would add to scheduled downtime at seven plants in the U.S., Canada and Mexico.
The auto maker’s decision to stop making cars in India deals a blow to Prime Minister Narendra Modi’s domestic manufacturing drive while highlighting the difficulty foreign car makers have gaining a foothold in India’s market.
The storm damaged vehicles across several states, sending shoppers to dealers already struggling because of the chip shortage.
German car makers emphasized sustainability and climate policy as they unveiled all-electric concept cars and promised to end tailpipe emissions sooner.
The executive played an important role in developing Tesla’s Model 3 compact car and has been working on the iPhone maker’s car project.
The Japanese auto maker, which previously saw hybrid vehicles as a better option, plans to sell two million electric cars by the end of the decade.
Unlike truly electric cars, plug-in hybrids often have short ranges, which, combined with powerful gas engines, do little to improve overall fuel efficiency.
The holiday is historically one of the auto industry’s biggest sales events, but dealers have very little inventory to sell this year.