Magna International Inc. said it launched new advanced driver-assistance functions on the 2022 Toyota Tundra pickup, a key development for the supplier giant as it looks to establish its position as vehicle automation grows. In a Wednesday news release, Magna said the Tundra is equipped with a “complete surround view system” that includes five cameras […]
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Bosch plans to invest $528 million to develop components for hydrogen electrolysis, a technology that promises to speed adoption of so-called green hydrogen for use in transport and other sectors. The world’s largest auto supplier said Wednesday at its annual news conference that it hopes to start production of electrolyzer “stacks” in 2025, with the
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Uber Technologies Inc. delivered a positive outlook for earnings in the current period, signaling the company plans to capitalize on robust ride demand without compromising profits by focusing on product changes, rather than incentives, to address the driver shortage. The ride-sharing and delivery company projected gross bookings of $28.5 billion to $29.5 billion in the
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Fisker on Wednesday provided a new look at an electric sports car currently being developed. CEO and Chairman Henrik Fisker took to Instagram to post a teaser image showing the car along with the name Ronin, believed to be a code name only. He also said the car will have a range of over 550
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Ford is taking what appears to be a subtle shot at Elon Musk in a new campaign set to get airplay during this weekend’s Kentucky Derby coverage on NBC. The effort from Wieden+Kennedy has blue-collar sensibilities and aims to promote the automaker’s status as a major employer of hourly workers. One ad begins with scenes
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Time is a precious commodity in our busy lives, and probably more so if you’ve been successful enough in your business life to buy a C8 Corvette, which takes just 2.8 seconds of it to reach 60 mph (96 km/h), or 2.6 seconds in Z06 trim. But if you are lucky enough to own something like
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Publicly traded retailers Penske Automotive Group Inc. and Lithia Motors Inc. each announced single-store acquisition deals on Tuesday. Penske said it has acquired a Hyundai-Genesis dealership in Noblesville, Ind., near Indianapolis, its first of those brands in that region, from dealer Terry Lee. Financial terms of the deal, which closed Monday, were not disclosed. The
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SHANGHAI — Local government authorities helped Tesla Inc. transport over 6,000 workers and carry out necessary disinfection work to reopen its plant here last month amid the city’s lockdown, according to a letter that Tesla sent to local officials and seen by Reuters. The letter, dated May 1 and addressed to local authorities in Shanghai’s
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It was in late 1992 that the Land Rover Defender first reached North America, at least officially, and to mark the upcoming 30th anniversary Land Rover will offer a special edition based on the latest Defender. Just 500 of the special Defenders will be built for the 2023 model year, exclusively for North America, all
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