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Automotive mirror supplier Gentex Corp. said ongoing supply chain issues and a decrease in vehicle production led to a worse first-quarter financial performance compared with a year earlier. The automatic dimming rearview mirror and camera-based driver-assistance system company said Friday that its first-quarter net income decreased 23 percent to $87.5 million. Gentex earnings are typically […]

TOKYO — Honda Motor Co. is planning to cut production by about 50 percent on two lines at one of its Japan factories in early May due to chip shortages and COVID-19 lockdowns, the company said on Thursday. The factory in Suzuka will also slash production by half during April, expanding the scale of the cutback

Tesla Inc. CEO Elon Musk says he’s secured $46.5 billion in funding for a takeover of Twitter Inc. But more than two-thirds of that is either coming from his own pocket or borrowing against his Tesla shares. Musk’s filing with the U.S. Securities and Exchange Commission on Thursday details $25.5 billion in debt financing from

LOS ANGELES — Lincoln Motor Co., trailing luxury rivals in the transition to battery power, on Wednesday introduced a concept that previews how the brand hopes to differentiate itself in the electric vehicle era. The Lincoln Star concept, unveiled at an event here celebrating the brand’s 100th anniversary as part of Ford Motor Co., showcases

McLaren Automotive is considering hiring Michael Leiters, the former head of technology at Ferrari, as its next CEO, according to people familiar with the matter.  Leiters stepped down from Ferrari in December as part of a leadership reorganization under new CEO Benedetto Vigna, and is one of the main candidates being evaluated for the top job

FRANKFURT — Continental said it has resumed production at its Russian plant in Kaluga to protect local workers who could otherwise face criminal charges. “Our employees and managers in Russia face severe criminal consequences should we refrain from serving local demand,” the German supplier said on Tuesday. Continental did not elaborate on the potential charges

Lexus revealed three images of the new 2023 RZ 450e electric compact crossover on its media site ahead of the vehicle’s planned global reveal on Wednesday. The images show a new design language from the luxury brand, including the equivalent of a filled-in spindle grille on Lexus’ first battery-electric vehicle, as well as a severe

DETROIT — Penske Truck Leasing has ordered 750 Ford E-Transit electric cargo vans, the latest high-profile company to buy in following the vehicle’s February launch. Penske plans to take delivery of the first several vans in the coming weeks, it said in a release. Those vans will be made available to customers in Southern California,

The $3.96-billion battery plant destined for Windsor, Ont., is the largest single automotive investment in Canadian history and is expected to spark the country’s electric-vehicle revolution with a new supply chain and thousands of jobs. “I describe this as being as big as the transformation from the horseless carriage to the internal-combustion engine,” said Drew

Tesla Inc. shareholders suing over Elon Musk’s 2018 tweet about taking the company private said they won a key ruling in the run-up to a fraud trial with billions of dollars in damages at stake. The investors said a federal judge agreed with them that “no reasonable jury could find Musk’s tweets on August 7,