Automotive design and technology are constantly evolving; each year, vehicles become increasingly advanced and reliable on electronic and computerized features to deliver better safety, performance, and comfort. Windshields are no exception. Although the windshields of newer vehicles may look like they’re just a piece of glass, most of them contain sensors, cameras, and other advanced…
Tag: car news websites
Nikola, once the ‘Tesla of trucking,’ sells stock at a discount
Nikola Corp.‘s planned move to ramp up production of semitrucks powered by electric batteries and hydrogen fuel cells will be costly. The Phoenix company is expected to raise $100 million for “working capital and other general corporate purposes” through a secondary stock sale of roughly 90 million shares. The sale is expected to close by…
Rising new car prices stalling purchases
More than a quarter of shoppers who would have bought a new vehicle within a year now report they’ll give it another 12 months. Additionally, interest in buying a new vehicle within the next six months has fallen below pre-pandemic levels, according to market research company GfK, which pointed to vehicle affordability as the culprit….
UAW President Shawn Fain prepares for ‘war’ against corporations
“We have the discipline we need to organize better than ever before,” Fain said. “We have the understanding we need to regain the trust of the membership. We have the organization that, if united in a common goal, we cannot be defeated. We have the will to sacrifice for the greater good, including on the…
Lithia Motors buys UK dealership group Jardine Motors
Jardine Motors has more than 40 new-vehicle franchise points in the UK, with a portfolio of luxury brands including Aston Martin, Porsche and BMW, DeBoer said. Part of the conglomerate Jardine Matheson Holdings, Jardine is Europe’s 23rd-largest dealership group by annual revenue, according to Automotive News Europe’s 2022 Guide to Europe’s Biggest Dealers. The deal…
Magna to build three plants to supply Ford Blue Oval City
Magna’s project is the latest example of a major supplier investing to alter its manufacturing footprint with an eye toward winning EV-related businesses as the industry’s electrification push continues. This is the third significant investment Magna has made in its battery enclosure manufacturing footprint in the past year. In that time, the company also committed…
Rolls-Royce says it will blacklist customers selling Specter EVs
It’s one strike and you’re out at Rolls-Royce. The ultraluxury brand says anyone caught reselling its first electric vehicle, the Specter, for profit will be banned for life. “They’re going immediately on a blacklist and this is it — you will never ever have the chance to acquire again,” Rolls-Royce CEO Torsten Müller-Ötvös told Car…
Port of Vancouver strike would affect auto retail
BCMEA, which represents a range of port employers, including terminal operating companies and shipping agents, said the notice was a “regrettable development” after months of talks. The previous collective agreement between the labor union and employer expired March 31. BCMEA said it would remain engaged with the union through the federal mediation process “with the…