Ford on Thursday reaffirmed 2023 full-year targets of $9 billion to $11 billion in EBIT and about $6 billion in adjusted free cash flow. It also said it remains confident in its projections that EBIT margins would be 8 percent for Model e and 10 percent companywide by late 2026. Lawler, speaking to reporters, said…
These are interesting times for retail technology in the auto industry, and I get to have a ringside seat. As the new retail technology reporter for Automotive NewsI’m looking for stories that can explain to readers the increasingly dramatic and ongoing retail technology transformation. I want to enlighten retailers about product innovations designed to make…
Image: Bill Pugliano (Getty Images) With the slimy way that dealers often do business, it always comes as a surprise when dealers get a win—and one that’s both right and verifiable. For that, you have to give credit where it’s due. In this case, one dealer’s camera system has been used to catch customers lying…
_0.png "Expert Insights: The Future of Connected Vehicles and Customer Experiences")
Q: What types of experiences are on the horizon that will be supported through connected or software-defined vehicles? Macleod: As digitally fueled car sales increase, vehicles are also becoming more connected. By the end of the decade, it is estimated that connected cars — cars that can communicate and share data with a variety of…
The insurance companies suing the manufacturers include Liberty Mutual, Nationwide and American Family. They estimate that Hyundai and Kia’s decision not to include immobilizers has already cost the insurers $190 million. The group estimates that the entire US insurance industry could wind up paying out as much as $600 million in claims. The municipalities, including…
Image: Mercedes-Benz Mercedes-Benz says its future EVs will rely on tech that won it so many Formula 1 titles, the good news keeps on rolling for Hyundai and Uber and Toyota and Nissan have soul searching to do in China. All that and more in this edition of The Morning Shift for Tuesday, May 2,…
The sweeping changes come as Volkswagen Chief Executive Oliver Blume conducts a strategic review of every facet of the carmaker after taking over from former leader Herbert Diess last September. Sources said at the time that Diess’ failure to put Cariad, a business he set up, on a solid footing contributed to his expenses. A…
In a sign of its growing regional independence from headquarters in Germany, Volkswagen Group of America has named a Brazilian veteran VW executive as the brand’s new head of design — and in a first — for both North and South America. Jose Carlos “JC” Pavone, 45, who is already the head of design for…