Wells Fargo & Co. has hired Hunter Patton as a managing director in North American corporate and investment banking, focused on industrials. Patton will focus on automotive, automotive technology, capital equipment, and other select capital goods and service areas, according to a memo reviewed by Bloomberg News. Patton joins Wells Fargo from Ford Motor Co.,
Month: November 2021
For many people, an automated vehicle means a car that’s fully self-driving in all locations and all conditions, where the occupants could safely nap in the back seat if they wanted. But there are lower levels of automation to navigate first. Today’s hands-free driving systems, such as General Motors’ Super Cruise or Tesla’s Autopilot, are
HAMBURG — Volkswagen Group CEO Herbert Diess, currently under heavy fire from unions over strategy, struck an upbeat tone at a recent manager meeting on talks over the company’s five-year investment plan, including the future of its Wolfsburg plant. According to a copy of his speech from a meeting over the last week, seen by
Volkswagen Group of America said it will use the sides of Amazon boxes this holiday season to put virtual butts in the virtual seats of its new Taos subcompact crossover, and reward participants with three months of premium music streaming for virtually going along for the ride. The German automaker revealed its new Web-based augmented
5:16 AM ET The all-electric Formula E series provided a first glimpse on Monday of what it said would be the world’s most efficient racing car. The third generation (Gen3) car, to be raced from season nine in 2023, was presented to the manufacturers, teams, drivers and sponsors at an event in Valencia. Teams are
What kind of car is the 2022 Nissan Maxima? What does it compare to? With the Maxima, Nissan upgrades the Altima driving experience with a V-6 engine and more enthusiastic chassis tuning. It’s a competitor for cars like the Acura TLX, the Honda Accord, and the Toyota Camry. Is the 2022 Nissan Maxima a good
The steel Radio Flyer wagon was introduced in 1927 and it’s gone on to become a classic piece of Americana that is still in production today. That brings us to this massive version of the wagon, which will be auctioned by Mecum next month. Details are sadly lacking, but the giant replica has been transformed
US Commerce Secretary Gina Raimondo discusses the impact of the semiconductor chip shortage at UAW Region 1A office in Taylor, Michigan on November 29, 2021. Jeff Kowalsky | AFP | Getty Images DETROIT – Commerce Secretary Gina Raimondo on Monday urged the U.S. House to immediately pass legislation that supports American production of semiconductor chips
LOS ANGELES — BMW is expanding its utility vehicle lineup with the first standalone vehicle from its M performance brand since the BMW M1 launched five decades ago. The BMW Concept XM, revealed at a press event here this month, is a preview of the most powerful M vehicle in its lineup, the automaker said.
TURIN — Stellantis is working with its European dealers on a shake-up that industry experts say is unmatched in its size and scope. The automaker wants to transition a network estimated to exceed 15,000 franchise points to a so-called “retailer model.” The move gives Stellantis more control over how its vehicles are sold and lowers
4:31 AM ET Former Formula One supremo Bernie Ecclestone paid tribute to the late Frank Williams as a pioneer who helped to build the modern sport and without whom it might have ceased to exist. Williams, who had been quadriplegic since a 1986 car accident in France, died on Sunday aged 79, his family said
What kind of car is the 2022 Mercedes-Benz EQS? What does it compare to? Mercedes swings big with the EQS electric vehicle that’s billed as the eventual successor to the ultra-posh S-Class sedan, with a fully electric powertrain and a futuristic interior. Rivals at this level of electric luxury (and price) are few, and include
A Ferrari SF90 Stradale prototype was destroyed over the weekend in a crash. The incident happened near Hoffenheim, Germany, and footage taken after the crash shows that this wasn’t a production SF90 as its exterior was clad in black and white camouflage. A look inside the cabin also reveals heaps of testing equipment and additional
In an email sent to SpaceX employees, obtained by Space Explored, Elon Musk addressed the ‘crisis’ of Starship Raptor engine production and said the company could face a ‘genuine risk of bankruptcy’ if the company is unable to achieve a Starship flight rate of once every two weeks next year. Table of contents SpaceX is
In this article BMW3-FF BMW Concept XM BMW BMW on Monday evening unveiled a new high-performance concept vehicle that previews an electrified crossover expected to begin production late next year in South Carolina. The new production car, called the BMW XM, will be available exclusively as a plug-in hybrid electric vehicle under the company’s “M”
BMW is preparing to celebrate the 50th anniversary of the M1 mid-engine sports car, but it’s going to do it with a crossover SUV. On Monday, at Art Basel’s 2021 Miami Beach show, the BMW Concept XM was unveiled with a plug-in hybrid powertrain and eye-grabbing design. It’s a preview of the production XM planned
For Roadkill month, we’re celebrating two of the best builds on Roadkill Garage, and they just so happen to both be 1970 Dodge Challengers. First, it’s the birth of Vanishing Paint: a 1970 Challenger that had been dormant since 1989. Then, Freiburger and Dulcich take an old ’70 Challenger offroading, Mad Max style. #MotorTrend #Roadkill
The recent partnership between German supplier ZF Friedrichshafen and Microsoft underscores how the relationship among tech companies, suppliers and automakers is changing in the era of advanced-technology vehicles. Most major suppliers no longer see themselves as simply providers of the hardware and physical components automakers put in their vehicles. Many now see an opportunity to
Editor’s note: An earlier version of this story misstated the name of the electric pickup concept Nissan has developed. TOKYO – Nissan Motor Co. will invest 2 trillion yen ($17.65 billion) in the next five years to amp up an electrified vehicle push with 23 new entries worldwide by the end of the decade, the
Automakers held back on further production schedule cuts last week in their ongoing adjustment to global microchip shortages. AutoForecast Solutions said that as of midweek last week, the Thanksgiving break left schedules unchanged from a week earlier. “It’s very hard to be optimistic about any of this,” said Sam Fiorani, vice president for global vehicle
Between the Los Angeles Auto Show and the Guangzhou auto show in China, this month has seen dozens of vehicle debuts — but many came from companies the U.S. industry barely knows. Not yet, anyway. Unfamiliar brands are emerging for a shot at global automaking, hoping that consumers have a new willingness to look at
In an automotive retail landscape in the midst of a fast-paced era of consolidation, one group and one executive are operating at a different level: Lithia Motors Inc. and its CEO, Bryan DeBoer. The longtime head of what is now the nation’s second-largest dealership group has been the guiding force in the transformation of Lithia
It’s been a good year financially for retailers and automakers, despite the pandemic and microchip shortage. The same can’t be said for many parts suppliers, however. Average dealership profits have soared this year and have broken annual records. Automakers such as General Motors and Ford Motor Co. brought in billions of dollars in third-quarter profit,
HOUSTON — A hearing to determine whether former Reynolds and Reynolds Co. CEO Bob Brockman is competent to stand trial on tax evasion charges continued last week in a Houston courtroom. Lawyers for Brockman, 80, say he has dementia that is both progressive and incurable and has left him unable to assist in his defense
With the holiday season underway, it’s time for another late-year tradition: the unveiling of the Automotive News All-Stars. In 2021, the U.S. automotive landscape was reshaped by dealership consolidation. There was a flurry of buy-sell activity as many retailers cashed in on high dealership values. Leading the acquisition boom was Bryan DeBoer. Usually, our top
What can’t be seen can hurt you. That’s the thinking behind a range of fluidic, compressed-air, ultrasonic and aerodynamic cleaning gear and hydrophobic coatings for the sensors. They are a vital part of automated driving systems. A clean windshield and healthy wipers help with driver vision and sensor capability. But only if the sensors, like
General Motors plans to reestablish its presence in Europe with a mobility startup business, and it has tapped Mahmoud Samara, Cadillac’s North America chief who has led much of the transition to electric vehicles this year, to run it. Samara, 44, becomes president and managing director of GM Europe on Dec. 1. He will report
ZF Friedrichshafen said it is moving its business, production and industrial processes onto the cloud as it expands its partnership with Microsoft. The German auto supplier on Tuesday said it will digitalize all of its processes on the Microsoft Azure cloud platform — a move that ZF expects will generate far-reaching benefits across its business.
A partnership between ZF Friedrichshafen and Microsoft will allow the German parts supplier to create new capabilities for its autonomous shuttle systems, the company said. ZF said this week that it expanded its partnership with Microsoft to move all of its business, production and industrial processes onto the tech company’s Azure cloud platform. It’s a
MIMASAKA, Japan — Toyota was the darling of environmental consumers not so long ago, barely able to produce enough lean-burning, pioneering Prius hybrids to accommodate the growing legions of ecologically motivated buyers. Suddenly, the Japanese giant has become a scourge in some corners, with critics from the Sierra Club to Greenpeace deriding the automaker for
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