car industry news

Ferrari, Porsche benefit from EU’s e-fuels decision

By on March 31, 2023

Ferrari and Porsche will benefit from plans to exempt cars that run on e-fuels from the European Union’s planned 2035 phase-out of combustion engine vehicles. “The good news for us as a company is that on top of electric cars, we will also be able to go on with our internal combustion engine ones,” CEO Benedetto Vigna said. “This decision is very interesting for us because it allows ICEs to go beyond 2036,” he told a Reuters Newsmaker event on Monday. Ferrari, which is renowned for its powerful gasoline engines, has never provided a roadmap for going all electric. The…

Cox Automotive wields ax as it reviews Canadian operations

By on March 24, 2023

Cox Automotive is laying off 80 staff in Canada and closing its Manheim Edmonton auction operation as it re-evaluates its Canadian footprint following the sale of much of its software business in the country late last year. Matt Trapp, Cox’s regional vice-president for the eastern United States and Canada, said the company has spent the past few months assessing its long-term strategy for Canada, and changes in the local wholesale market mean Manheim Edmonton no longer fits Cox’s growth plan . “It’s never easy when we make these decisions. … Unfortunately, Edmonton is not going to be a part of…

Watching how industries react to innovation efforts

By on March 9, 2023

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 their lives better and more efficient and highlight industry players excelling at something different. The auto business is relatively new to me as a reporter, but I’ve long written about technology and the change it brings to industries, starting with the life sciences: biotechnology, health…