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Automotive News

Canada’s Linamar will ‘immediately’ break ground on new plant

Canadian auto supplier Linamar Corp. plans to break ground “immediately” on a new plant in Welland, Ont., that will house three giga-casting presses capable of producing very large aluminum structural parts for electric vehicles. The Guelph, Ont.-based parts supplier announced… Continue Reading…

Automotive News

Elon Musk has found a new Twitter CEO

Elon Musk said on Thursday he has found a new chief executive for Twitter without naming the person and that he will transition to the role of chief technology officer of the social media platform within the next few weeks.… Continue Reading…

Automotive News

France beats Germany, Netherlands to host the ProLogium battery plant

Macron, who personally met with ProLogium CEO Vincent Yang at the start of the vetting process, was due on Friday to officially announce in Dunkirk the 5.2-billion-euro ($5.7 billion) investment. Gilles Normand, ProLogium executive vice-president, said that after Macron, a… Continue Reading…

Automotive News

Shift Q1 earnings: Company reviewing ‘strategic alternatives’

Online used-vehicle retailer Shift Technologies Inc. said Thursday its board of directors is working with management and financial and legal advisers to assess a range of “strategic alternatives” for the company. in a statementShift said its board of directors was… Continue Reading…

Automotive News

Braking defect prompts Tesla’s big recall in China

Tesla Inc. recalled virtually every car it’s sold in China due to a braking and acceleration defect that may increase crashes and safety risks. The automaker will deploy an over-the-air software fix to more than 1.1 million vehicles produced in… Continue Reading…

Automotive News

Kia and Hyundai Break-Ins On the Rise in Kent

Social media challenges, which have steadily increased since 2020, range from silly and benign to downright dangerous and harmful. One of the latest harmful challenges to hit social media this summer is the “Kia Challenge”—and it continues to gain momentum… Continue Reading…

Automotive News

45% of used-vehicle loan terms ‘frighteningly’ long at 84 months, up from 25% in 2021

With high vehicle values ​​and high interest rates compromising affordability, buyers — particularly entry-level ones — have been forced to extend borrowing time frames, Ross said. “Consumers are looking to stay in a consistent monthly payment range to what they… Continue Reading…

Automotive News

McLaren reportedly confirms four-door model and next flagship supercar

See Full Image Gallery >> McLaren’s on-again, off-again four-door model has received the green light for production, according to an unverified report. The company is also allegedly working on a new flagship model that will take the torch from the… Continue Reading…

Automotive News

Cupra announced Raval as the name of small electric hatchback

Also on Thursday, the Seat announced record operating profit for the first quarter of 2023, at 144 million euros, compared with five million euros in the first quarter of 2022. Revenue was 3.6 billion euros, 48 ​​percent higher than the… Continue Reading…

Automotive News

BMW Q1 earnings: Higher margins for the car business

BERLIN — BMW AG reported a higher earnings margin for its cars segment, with a rise to 12.1 percent in the first quarter from 8.9 percent a year earlier. BMW benefited from continued stable pricing for both new and used… Continue Reading…