February 2022

Magna sees full systems, data as key in era of EVs

BRIMLEY, Mich. — Magna International Inc. seeks to maintain its position as the industry electrifies and becomes more connected. The supplier says its ability to offer complete systems to automakers, not just individual components, will be a key differentiator as it looks to do so.“Having different systems come together and how well they interact with […]

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California car dealer brings in exotic, off-brand cars to boost inventory, sales

For luxury-brand dealerships already limited in volume, finding ways to fill emptied lots amid an ongoing chip shortage can require a bit of courage, curiosity and risk. At least that was the case for Alfa Romeo and Maserati of Ontario in California, which, like many U.S. dealerships, has been grappling with lower-than-normal levels of new-vehicle

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Automotive News live talk today: PACE Awards and innovation

Join Automotive News at noon EST today for a live discussion on our LinkedIn and Facebook pages about industry innovation and how to apply for our annual PACE and PACEpilot Awards. For 28 years the Automotive News PACE program has honored superior innovation, technology and business performance among auto suppliers. Executive Editor Jamie Butters will

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Virgin Hyperloop to move cargo, not people, as tube transport hits snags

Virgin Hyperloop’s yearslong goal of transporting people via vacuum-sealed tubes at speeds of up to 670 mph is on hold. The California company, founded in 2014 and backed by billionaire Richard Branson, will shift its focus to transporting cargo instead, according to multiple media reports. Virgin Hyperloop laid off 111 employees, or about half of

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Virginia Police Stop Hundreds Of Cars Trying To “Take Over” Richmond For Donuts And Drifts

Richmond police say they were able to stop a planned “takeover” of the city as it was happening. The events started at 9 PM on February 19 at various locations around the city. The event, which according to Instagram posts was hosted by @project.RVA.takeover, was attended by approximately 300 drivers intending to engage in illegal

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Carvana bets on $2.2B ADESA U.S. acquisition to expand its reach, cut shipping times

Online used-vehicle retailer Carvana, pressed in recent months to expand its vehicle reconditioning capacity, said Thursday it plans to buy the ADESA U.S. physical wholesale auction business from KAR Global Inc. for $2.2 billion in cash. The transaction would give Carvana exclusive use of the ADESA.com marketplace in the U.S., plus all auction sales, operations

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Motional, Via to start robotaxi service in Las Vegas

Autonomous vehicle venture Motional and ride services company Via said they will launch on Thursday a robo-taxi service in Las Vegas, the latest step by Motional toward commercial deployment of its autonomous vehicle systems. Via will use vehicles outfitted with Motional autonomous driving systems to offer free rides between several locations in downtown Las Vegas.

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