News

Self-driving truck developer Einride completed another funding round and secured a large asset-backed debt facility as it works to develop an autonomous and electric freight mobility ecosystem. The deals will provide Einride with up to $500 million in capital, the Stockholm, Sweden, company said Wednesday. In October, Einride completed a test of its autonomous pod […]

WASHINGTON, Dec 6 (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a plan that could help ease concerns over a climate bill approved in Congress. The $430 billion U.S. Inflation Reduction Act (IRA) passed in August

WASHINGTON — The United Auto Workers union called on automakers to shift their entire supply chain out of China’s Xinjiang region after a new report on Tuesday suggests that nearly every major automaker has significant exposure to products made with forced labor. In June, a U.S. law took effect banning the import of forced labor

A transitioning auto industry that’s becoming exponentially more technology-driven needs to change the way automakers and suppliers work together, according to two executives whose innovative partnership was recognized this year with an Automotive News Pace Award. Sonatus, a Silicon Valley startup, worked with Hyundai Motor Group to develop Digital Dynamics, a holistic software-defined platform that

About 270 workers at an Autoneum AG plant in Bloomsburg, Pa., went on strike last week against the key global automotive insulation systems supplier. Contract negotiations between the company and its union have stalled following the company’s latest contract offer being rejected by workers, according to media reports. Workers walked off the job Thursday afternoon,

Ford Pro, Ford Motor Co.’s unit focusing on commercial customers, has signed a memorandum of understanding with Deutsche Post DHL Group to supply the German courier service with 2,000 electric vans and provide access to E-Telematics software and charging solutions. At least a portion of the order will come in the form of Ford‘s E-Transit,

WOODLAND HILLS, Calif. — Pierce College inaugurated a $22.3 million Advanced Automotive Technology building in mid-October to expand its automotive service technology program. Community colleges such as Pierce are a vital source of service technicians for auto dealerships. The job of automotive service technician is evolving, and funding is pouring into programs to meet the

This year in an industry first, late-model used electric vehicles held their value better than the market as a whole, according to Black Book, although only briefly. Alex Yurchenko, chief data science officer for Black Book, speculated higher gasoline prices made a difference. However, there’s been a “very steep drop” in the percent of sticker

Used-vehicle auction services company America’s Group said Thursday that its CEO, Cam Hitchcock, will retire Dec. 31. Hitchcock will be replaced by Chuck Tapp, the company’s chief revenue officer and executive vice president, according to a news release. The executive transition comes roughly one year after auction company XLerate Group completed its acquisition of America’s

DETROIT — UAW members have voted out at least four high-ranking leaders in the wake of the union’s corruption scandal and sent the race for president to a runoff next month, according to unofficial results. None of the five candidates for president, including incumbent Ray Curry, received a majority of votes in the union’s historic