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Mobileye To Establish Vertically Integrated Robotaxi Business
New initiative extends Mobileye beyond self-driving-system supply and is additive to existing automaker and mobility-partner programs
Luxury automaker recalls more than 173,000 vehicles in the US over rearview camera issue
Porsche recalled over 173,000 vehicles due to faulty rearview cameras that may fail while reversing, creating potential crash risks for drivers nationwide.
Ford’s hottest business right now has absolutely nothing to do with cars
The automaker’s surprise rally is being fueled by a new business selling batteries to AI-hungry data centers instead of drivers.
Ford Q4 earnings preview: EV losses, F-150 pickup business crucial for investors
Big Three automaker Ford is on deck to report fourth quarter results Tuesday after the bell, with particular focus on its EV business and the effects of an aluminum plant fire that impacted Ford’s franchise F-150 sales.
The Latest: Trump administration loosens fuel economy standards
The Trump administration has released new fuel economy standards that relax regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. The new rules were released Monday
Morgan Stanley turns bullish on Ford's EV storage business
Ford Motor stock surged 13% in a single session the week of May 10 after Morgan Stanley issued a bullish call on the automaker's energy storage business. That was Ford’s biggest one-day gain since March 2020. For context, that kind of move doesn't happen without a serious catalyst. And this one ...
How Amazon is expanding its car-sales business
Amazon (AMZN) is expanding its car-sales business to include Jeep, Chevrolet, and other automakers. Yahoo Finance Senior Autos Reporter Pras Subramanian breaks down the details.
Car Keys in Apple Wallet coming soon to major new vehicle brand
Apple Wallet’s car key feature is building momentum among automakers, and now we can add another “coming soon” brand to that list: Lexus.
Tesla is selling 250 invite-only Model S 'Signatures' for $160,000
Elon Musk's automaker is inviting a select group of fans to purchase limited-edition versions of its soon-to-be-discontinued Model X and S luxury EVs.
Dolby Elevates In-Car Entertainment to New Heights at Auto China 2026
More Automakers, More Models: Dolby-enabled Vehicles Drive the Next Generation of In-Car Entertainment.
Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China
Britain’s biggest automaker said the job cuts will take place over the next two years
Ford stock pops nearly 20% in two days as investors bet on AI adjacent energy storage business
Ford stock surged on Wednesday after Morgan Stanley said its new energy business could be a winner for the automaker, citing the automaker's significant competitive advantage in battery tech.
Chinese carmakers increasingly rely on overseas markets as September exports surge
A Chinese industry association says passenger car exports surged 64% in September compared to the same month last year. Chinese automakers are increasingly relying on exports to drive growth amid
Trump Slashes Fuel-Economy Standards in Blow to Climate, Health, EV Market
One observer called the move a "disaster for people’s health, the planet, and even U.S. automakers.”
Chinese automakers want to come to US. They could be here fairly soon
Chinese cars could be at an American dealership sooner than you think, and that’s good news for US consumers.
Trump's new auto fight fueled by politics and affordability
Automakers are facing years of policy and legal fights.
Xiaomi unveils Vision GT electric supercar concept, with a twist
Xiaomi just revealed a Vision Gran Turismo concept supercar at MWC 2026 in Barcelona, making it the first Chinese automaker...
From pickups to idle plants: automakers seek lifeline from defence boom
Western automakers are chasing a defence spending boom as a way to sell more vehicles and make use of underemployed factories, though executives say military work will not make up for slowing car sales and growing Chinese competition.
Mercedes reveals ultra-luxe SUV and U.S. studio for custom vehicles
The automaker pulled the wraps off a 2027 Mercedes-Maybach GLS and introduced American customers to its Manufaktur customization program.
Volkswagen’s Vast Jobs Factory Is Under Threat Like Never Before
The world’s second-largest automaker plans to halve its lineup of cars as part of its second major overhaul in two years.
Stellantis employees raise health concerns after 5-day office return
Michigan health and safety officials inspected the automaker's Auburn Hills headquarters after getting complaints from employees.
Tesla's China footprint complicates path to possible SpaceX merger
Tesla's electric vehicle business in China looms as a key hurdle to a potential merger between Elon Musk's automaker and SpaceX because of complications it could pose for the space firm's business with the U.S. government.
After a year of tariffs, automakers are still resistant to moving production to the US
Toyota announced last week it would do something other automakers have been reluctant to do – shift some production from Mexico to the United States.
Ford bets on Apple for its next-generation of EVs
Ford is the first automaker to use a new set of developer tools that will let it embed Apple Maps navigation and mapping directly into its vehicles' infotainment systems.
Nvidia adds Hyundai, BYD and other automakers to self-driving tech business
AVs are important to Nvidia as self-driving cars remain one of the primary areas where the company can show growth outside of artificial intelligence.
Ford surges on energy business while US car buying remains slow
Ford's (F) plans for a new energy storage business have sent the automaker's stock soaring. RBC Capital Markets lead equity analyst Tom Narayan reacts to what this may mean for the auto company while US car buying remains stilted since the pandemic.
GM suspends next-gen electric trucks amid pivot back to gas engines, hybrids
The move has major implications for a pair of assembly plants in Michigan and the automakers' suppliers.
Mercedes-Benz could face US ban under Senate bill targeting Chinese-owned automakers
Sen. Ted Cruz warns Mercedes-Benz would be banned from the U.S. market under new legislation targeting Chinese-owned automakers, accusing GM of a push.
Automakers could halt car sales in California without delay in vehicle tracking law
A group representing major automakers warned on Tuesday that car companies may be forced to halt sales of both new and used vehicles in California on July 1 unless the state delays vehicle technology rules that aim to prevent perpetrators of domestic violence from tracking survivors.
Ford Stock Surges on Support for Energy Storage Business
Ford Motor’s stock soared Wednesday as Wall Street cheered the automaker’s increased focus on using batteries once meant for electric vehicles as stationary energy storage systems. Shares were up 14% in afternoon trading, putting the stock on pace for its biggest one-day gain since March 2020. Morg
Automakers are entering their decluttering era
Legacy automakers are pruning vehicle lineups and building cars with fewer parts. They're facing rising costs and cheaper Chinese competition.
Tesla
Telsa’s revenue and profits tumbled in the fourth quarter, capping off the most difficult year for the electric automaker since it became profitable six years ago.
China home car sales downturn continues, exports retain momentum
BEIJING, Oct 12 (Reuters) - China's domestic car sales extended their decline for a 12th successive month, while exports remained a key growth driver as automakers looked overseas to cushion
Ford is starting a battery storage business to power data centers and the grid
Amid Ford's shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday
Republican lawmakers criticize Ford business ties to China
WASHINGTON, Sept 9 (Reuters) - Republicans in Congress on Wednesday joined criticism of Ford Motor over its business ties to Chinese firms after Transportation Secretary Sean Duffy sharply criticized the No. 2 U.S. automaker. Republican Senator R...
Xpeng’s Tech-Licensing Expansion Meets a Core Auto Business Still Losing Money
Xpeng Inc. (NYSE:XPEV) is looking to expand its technology partnership with Volkswagen by pursuing similar deals with other automakers. The move follows a quarter in which services and other-business revenue nearly doubled, with the Volkswagen deal providing the key boost. However, the same results also highlighted growing pressure on the company’s core vehicle business. Its […]
Tesla is recruiting factory workers and sales staff to operate its 'Robotaxi' service
Posters that appeared at Tesla's California factories and a review of LinkedIn profiles show how the automaker is scaling its ride-hailing service.
Everyone wants a piece of Tesla's battery business
Electricity demand from AI data centers is pushing everyone — including automakers like GM and Ford — into the energy storage business.
These auto brands are still rolling after 100 years in business
Today’s automakers almost seem more like tech companies than car manufacturers, but several American auto brands have histories that trace back well past the century mark.
GM will pay California $12.75M for selling driver location and behavior data
The settlement requires the Detroit automaker to stop selling driver data to consumer reporting agencies for five years
GM vs. Ford: U.S. defense, energy sectors add to automakers' century-old rivalry
General Motors and Ford are looking for new potential growth areas, including by seeking military contracts and getting into energy storage businesses.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Tesla has registered more than 1,000 new vehicles for its 'Robotaxi' fleet in California in just a few months
The automaker has registered 1,655 vehicles and 798 drivers to date, according to the California Public Utilities Commission.
Ford’s Stock Is Surging—and It’s Got Nothing to Do With Its Car Business
The automaker’s foray into the energy-storage business represents an opportunity to capitalize on the AI boom.
Crypto Firms and Automakers Are Looking to Open Banks, at Trump’s Urging
Urged on by the White House and a reduction in regulatory oversight, crypto companies and automakers are among those that have applied for banking charters.
EV shakeout: Everyone's losing in the US, except Tesla and Toyota
US EV sales plunge 27% in Q1 2026, with Tesla holding 54% share. Most automakers struggle, while Toyota posts rare growth.
The Latest: Trump administration lowers fuel economy standards
The Trump administration has released new fuel economy standards that relax regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. The new rules were released Monday
5 Car Brands Aiming To Bring Back Rear-Wheel Drive Sedans
Automakers confirmed to be bringing back rear-wheel drive sedans include Buick and Cadillac, while Ford, Nissan, and Mazda may also be doing so.
Ford has a new battery business to ride the AI wave. Here’s where Cramer stands on the stock
CNBC’s Jim Cramer said Ford's new battery storage business gives the automaker a credible way to capitalize on the AI infrastructure boom.
China's Chery looking to expand car production in Europe, top executives say
Chery is looking to expand car production in Europe through partnerships with other automakers allowing it to use existing factories, top executives at the Chinese carmaker said at an event in Paris.
China's April car sales drop for seventh month
China's car sales fell again in April, with local automakers increasingly targeting overseas markets to offset intense competition at home where a push toward higher-end models has yet to reverse the broader slowdown.
GM delivers first Patriot missile parts amid push toward defense work
The automaker took on the work after President Trump pushed to replenish a dwindling supply of missiles and munitions.
4 Car Brands Bringing Back The Inline-6 Engine
Discover 4 car brands bringing back the inline-6 engine. We review how automakers like Mazda, Stellantis, Mercedes-Benz, and Land Rover use the tech.
A British Carmaker Fitted Anti-Lock Brakes to a Road Car in 1966 and All-Wheel Drive 14 Years Before the AMC Eagle. Then It Went Bust, and It Just Came Back With 940 Horsepower
Legendary British automaker Jensen is seemingly back from the dead, and is bringing a 940 horsepower V8 muscle car with it. The manufacturer, which went bust
Jaguar Land Rover will cut 4,000 jobs to reduce costs and compete with China
Britain’s biggest automaker said the job cuts will take place over the next two years
Tesla’s EV sales top estimates with auto business rebounding
The automaker delivered 486,532 vehicles worldwide in the third quarter. That compared with 463,761 expected on average in analyst estimates compiled by Bloomberg.
5 Companies That Make Classic Car Bodies When The Automakers Won't
Some of the companies that build bodies for classic cars when the manufacturer won't include GTO Engineering, Superformance, and Real Deal Steel.
Fed Rule Effectively Puts Automaker Polestar Out Of Business In The U.S.
Volvo’s upscale electrified division pulls the proverbial plug on future U.S. sales because of its ties to China.
Hyundai CEO pledges to 'ramp up' production at Metaplant in Georgia
Tariffs and an infamous immigration raid haven't dampened the automaker's plans in Georgia, based on bullish remarks by CEO José Muñoz.
Business fuel-saving efforts give automakers software opportunities
Many fleet operators can't easily pivot to more fuel-efficient vehicles since they need vans and pickups to haul and tow. Telematics are one answer.
Ford says making self-driving tech in-house cheaper than licensing
Ford announced plans to deploy eyes-off driving technology on public roads by 2028. The legacy automaker is making the tech in-house to get there.
The next big electric car bet: EREV
Automakers are betting that EVs with gas generators can succeed where plug-in hybrids largely fell short.
Jaguar reveals a $130,000 all-electric vehicle. Why?
At a darkly lit event in a Manhattan warehouse this week, actress Florence Pugh, Knicks player Karl-Anthony Towns as well as throngs of influencers all gawked at Jaguar Type 01, the British automaker’s first new model in nearly a decade.
Autos Driver Assist Systems
In this image from video, Maureen August, General Motors Research Development senior manager, discusses a driving simulation with a colleague inside a control room at the automaker's Global Technical Center
The Latest: Trump administration loosens fuel economy standards
The Trump administration has released new fuel economy standards that relax regulatory requirements for automakers to control pollution from gasoline-powered cars and light trucks. The new rules were released Monday
Lawrence Tech launches program to ease automakers’ reliance on rare earth materials
Lawrence Tech's Centrepolis Accelerator and USCAR are partnering to find critical material innovations to make the U.S. auto industry more competitive.
'Self-defeating': Trump's Gordie Howe bridge threat upsets businesses
Various groups on both sides of the border said bridge opening delays could hurt the economy. Automakers, though, stayed mostly quiet.
President Trump Urges U.S. Automakers to Think Tiny
While tiny cars could be a cheap option for car buyers, industry analysts say U.S. automakers are trending toward manufacturing larger, pricier cars
Ford stock surges as Morgan Stanley gets bullish on energy storage business
Ford shares surged on Wednesday after Morgan Stanley said Ford's new energy business could be a winner for the automaker, based on a big competitive advantage it has with battery tech.
Trump Says He Would Be OK With China Building Cars in US
WASHINGTON, Sept 11 (Reuters) - President Donald Trump said on Friday he would not oppose Chinese automakers buildings cars in the United States despite widespread opposition from U.S. lawmakers and car companies. "If China wanted to come in and open a plant to build their cars here,
AT&T Expands Connected Car™ Platform with LiveOne and Cisco
AT&T announces collaboration, which simplifies how automakers integrate connectivity, billing, and premium audio content, at AutoTech Detroit.
Trump administration taps automakers to boost weapons production in WWII-style push
The Trump administration is turning to automakers and manufacturers to boost weapons production in a World War II-style Pentagon push, officials say.
Tesla announces 2025 holiday update with a few cool features
Tesla has officially announced its 2025 Holiday Update, and this year, the automaker is not using the usually bigger update...
China's Geely to make electric SUVs at Ford Spain plant, jointly develop model for Europe
Geely Auto will build two electric SUVs at Ford's factory in Spain and the two firms will jointly develop a new model, they said on Thursday, as rising Chinese automakers race to use traditional carmakers' underutilized factories and get ahead of European local-content rules.
VW plans 50k more job cuts amid biggest overhaul in its history
Volkswagen, the world's second-largest automaker, is trying to get more nimble. It's planning huge job cuts as Chinese automakers step up competition.
Volkswagen reportedly planning to axe 100,000 jobs
Volkswagen, one of the world’s largest automakers, is reportedly planning to axe as many as 100,000 jobs over the next few years, representing 15% of its global workforce.
Inexpensive new cars are becoming tougher and tougher to find
Automakers in recent years have decided that the lower end of the market is no longer worth the investment.
Most Automakers Race What They Sell. With the GR GT3, Toyota Is Selling What It Races
Instead of designing a road car and then modifying it for the track, Toyota prioritized the needs of racing in the GR GT's design.
Under pressure over China backers, Mercedes CEO pledges to defend U.S. business
The U.S. Senate Commerce Committee approved legislation last week to toughen a ban on Chinese automakers entering the U.S. market.
Stellantis pauses white-collar hiring
Stellantis NV has paused white-collar hiring in Auburn Hills, a reversal from earlier this year when hiring for new engineers and other roles surged. The automaker noted the cost-saving move
Republican lawmakers criticize Ford business ties to China
Republicans in Congress on Wednesday joined criticism of Ford Motor over its business ties to Chinese firms after Transportation Secretary Sean Duffy sharply criticized the No. 2 U.S. automaker.
Automakers enter energy storage business as data centers face backlash
Concerns related to the environment, energy demands and the impact of AI's expansion fuel the pushback.
President Trump Urges U.S. Automakers to Think Tiny
While tiny cars could be a cheap option for car buyers, industry analysts say U.S. automakers are trending toward manufacturing larger, pricier cars
The Electric: China's Biggest Battery Maker Is Quickly Expanding Its Rental Business
As they attempt to lower the cost of their electric vehicles, major Western automakers have mostly struggled with a single component: the battery, which can be up to 40% of an EV’s cost.
Stellantis sells car-sharing business as CEO Filosa focuses on core auto-making
Stellantis has agreed to sell its Free2move car-sharing unit to German investment company Mutares , the automaker said on Tuesday, as CEO Antonio Filosa continues efforts to sharpen the group's focus on its core vehicle production.
Ford is starting a battery storage business to power data centers and the grid
Amid Ford’s shift away from making large electric vehicles, the automaker is adding a new product line to find a home for its batteries. Ford said Monday that instead of scuttling plans to build the batteries for those vehicles, it will pivot that capacity into a new battery storage business. Those storage systems, which will use cheaper LFP batteries, will be […]
Ford Will Use Apple Maps in New Self-Driving System
In a first, Apple software will influence the way a new line of electric vehicles made by Ford Motor operates, and other automakers may follow.