The rumor mill is gaining momentum in China as two more sources have shared new details of Audi’s alleged plans to source its next EV platform from an OEM overseas. Chinese-state owned SAIC Motor appears to be the current frontrunner as discussions with Audi are reportedly advancing and maintaining to the former’s luxury sub-brand IM…
Dealerships may be dabbling in ChatGPT right now, but some of their technology providers believe adoption will happen swiftly. “I think we’re talking a year to a year and a half where [ChatGPT is] doing a huge amount of the car-buying process itself in an automated way,” Horwitz said. IMG05 TruVideo — maker of a…
GOTHENBURG, Sweden – As Zeekr, the Geely premium full-electric brand, prepares to enter the European market, it is taking aim at Audi, BMW and Mercedes-Benz customers who are switching to EVs from diesel models. “You cannot play in the European premium pond if you are not able to lure at least a small portion of…
It also helps contribute to Stellantis’ net-zero carbon emissions goals, Jones said. “The technology is changing as to what can be recycled,” he said, and more parts are being designed with recycling in mind. At the same time, Stellantis is trying to extend the life of its vehicles as long as possible, he said. “You…
Even as GM raised its outlook for adjusted EBIT this year, the automaker lowered its full-year net income forecast to a range of $8.4 billion to $9.9 billion, from its previous outlook of $8.7 billion to $10.1 billion, largely because of the employee buyout cost . GM said net income declined 19 per cent in…
3. Connectivity will become key Integrating the car into the ecosystem is critical, and in-car connectivity plays a vital role in keeping consumers connected and engaged while on the go. Connectivity enables the development of new digital ecosystem services that offer a more immersive and personalized driving experience, better safety and security, and added value…
Ford Motor Co. on Tuesday said the previously announced $1.3 billion transformation of its Oakville Assembly Plant for electric vehicle manufacturing will begin in the second quarter of next year and take about six months to complete. During that time some of the 3,000 workers at the Ontario, Canada, the site will be furloughed, although…
New-vehicle inventories rose slightly last month to their highest point in nearly two years as production constraints continue to ease, according to data compiled by Cox Automotive and the Automotive News Research & Data Center. Cox’s most recent estimate of the US inventory is 1,893,855 vehicles, a 56-day supply. That is up from the 1,828,290,…
Haig noted that most Land Rover dealers did end up acquiring nearby Jaguar stores and then built new, combined facilities. But dealers who made that investment and now decide to give up the Jaguar brand have a few options for what to do with the empty half of the showroom. Andy Vine, a Jaguar Land…
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…