June 2022

Drivers want safeguard implementation alongside partial automation, IIHS survey shows

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Consumers want safeguards at the forefront for vehicles with automated technology such as lane centering, automated lane changing and driver monitoring, new data from the Insurance Institute for Highway Safety shows. “There does seem to be a genuine interest in this technology. But there’s also a bit of healthy skepticism around the general understanding that […]

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BMW, VW backed Northvolt moves forward with $12B battery IPO plan

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Sweden’s Northvolt, whose customers include BMW and Volkswagen Group, is planning to go public within the next two years as battery demand for electric vehicles booms. The company is “well positioned” for an initial public offering, founder and Chairman Carl-Erik Lagercrantz said in an interview. The venture, which has been valued at around $12 billion

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CarMax sales fall, but it holds onto per-vehicle profit

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CarMax Inc., like other major players in the automotive retail realm, finds itself trying to maneuver through a year hampered so far by sunken buyer confidence. In its fiscal first quarter, CarMax retailed 240,950 vehicles. That’s down 11 percent year over year. Company executives last week attributed the slump to a downturn in consumers’ willingness

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California Man Arrested After Crashing One Of Two BMWs He Allegedly Stole Using Fake ID

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A California man is accused of having stolen two cars from San Francisco Bay Area car dealerships within days of one another using fake IDs to fraudulently apply for loans to purchase the vehicles. Later identified as Philip Cedric Espina, the 24-year-old man is accused of having gone to a dealership in Walnut Creek and

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Supplier Toyota Boshoku sees quadrupling of sales through self-driving pod car interiors

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TOYOTA CITY, Japan — Imagine zipping down the highway of tomorrow in a self-driving pod car. You’re on a long-haul, cross-country trip; you don’t have time to stop for a restaurant. With the push of a button, the meal is ordered. Before long, a drone catches up to your speeding vehicle. It hovers near a

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Ford F-150 Raptors, Mustangs targeted by thieves at Detroit-area plants

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Thieves made off with 13 F-150 Raptors and six Mustangs from Ford Motor Co. assembly plants in the Detroit area this month. A majority of the vehicles were later found damaged. The Raptors — a wider, more off-road-oriented version of Ford’s top-selling F-Series pickup — were worth a total of almost $1 million, The Detroit

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