News

Biden’s EV plans, clean-energy agenda among challenges addressed in State of the Union

WASHINGTON — President Joe Biden, who last year unveiled major climate, energy and transportation plans and touted an electric vehicle future, shifted the focus to addressing a stack of crises during his first State of the Union address. “We meet tonight in an America that has lived through two of the hardest years this nation […]

Biden’s EV plans, clean-energy agenda among challenges addressed in State of the Union Read More »

Self-driving truck company Embark eyes real estate across U.S.

Self-driving truck company Embark is scouting for U.S. real estate. The company said Monday it has partnered with real estate investment firm Alterra Property Group to identify locations across the Sun Belt that could be utilized as transfer points, at which human drivers could take over for automated systems that handle highway driving. Embark intends

Self-driving truck company Embark eyes real estate across U.S. Read More »

ACV acquires vehicle damage-detecting AI company for $19M

Used-car online auction company ACV Auctions Inc. said Monday it completed a $19 million acquisition of Monk SAS, an artificial intelligence solutions company that automates vehicle damage detection. The acquisition is ACV’s latest step in building up its slate of digital products aimed at dealers and commercial partners. The AI option can help dealer customers

ACV acquires vehicle damage-detecting AI company for $19M Read More »

The latest numbers on the microchip shortage: Europe, North America drive latest cuts

The estimated number of vehicles axed from assembly plant schedules worldwide because of the microchip shortage rose 11 percent from a week earlier, due in large part to cuts at North American and European plants, according to AutoForecast Solutions. AFS said about 643,100 vehicles have been eliminated from global production schedules so far in 2022,

The latest numbers on the microchip shortage: Europe, North America drive latest cuts Read More »

Israeli firm could give future Volvos a bigger head-up display

An Israeli nanotechnology startup wants to supersize — and smarten — the conventional head-up display. Spectralics, which has drawn interest and investment from Volvo Cars, has developed a hardware development kit for imaging systems, with a novel thin optical film technology as one of its core components. When integrated into a vehicles’ windshield, the film

Israeli firm could give future Volvos a bigger head-up display Read More »

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

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