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Automotive News

NHTSA’s Sluggishness Issuing Recalls Is Getting On Some Nerves

June 15, 2023

A photo of an airbag seen after deployment, inside a car interior.It’s Friday, June 2, 2023 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: NHTSA Not So Fast With automotive recalls being as frequent and pressing as they are these days, it’s imperative that the National Highway Traffic Safety Administration move through its investigations as efficiently as possible. That’s exactly what’s not happening, judging by NHTSA’s eight-year-long probe into ARC Automotive’s potentially dangerous airbag inflators…

Automotive News

Tesla EV charging agreements with Ford, GM muddle standard

June 14, 2023

Two pathways are emerging as electric vehicle charging infrastructure expands across the US Automaker partnerships will determine whether those technologies will coexist or whether one will push the other out, like VHS and Betamax. Four months ago, the US was heading toward a standard way of charging EV with chargers other than those built by Tesla using a common connector to become eligible for federal funding. Tesla’s charging agreement with Ford Motor Co. and General Motors threw that push to standardization into question and could further fragment the country’s charging infrastructure, at least for now, analysts say. GM and Ford…

Automotive News

Toyota future EV plans include batteries with 900-mile range

June 13, 2023

As it prepares for its new products, factory engineers will also introduce a slew of manufacturing techniques for the 2026 EVs. Their goal is to halve the number of production processes, halve the amount of plant investment and halve the amount of production lead needed to set up for new nameplates. The new techniques will include the use of giga casting, which eliminates the countless parts and brackets by essentially casting the vehicle’s front and back as two giant modules. The under-rear section of the current Toyota bZ4X, for example, is an amalgam complex of 86 parts manufactured through 33…

Automotive News

Mullen Automotive Inc (MULN) Stock Is Down -42.86% This Week: Buy, Hold, or Sell?

June 12, 2023

News HomeMonday, June 12, 2023 12:11 PM | Investors Observer AnalystsMentioned in this article Mullen Automotive Inc (MULN) stock has fallen -98.48% over the last 12 months. InvestorsObserver’s proprietary ranking system, gives MULN stock a score of 5 out of a possible 100. That rank is mainly influenced by a short-term technical score of 0. MULN’s rank also includes a long-term technical score of 16.MULN has an Overall Score of 5. Find out what this means to you and get the rest of the rankings on MULN!What’s Happening with MULN Stock Today Mullen Automotive Inc (MULN)…

Automotive News

Protect Your Car’s Windows and Windshield from Damage

June 12, 2023

Drivers are powerless over flying projectiles on Jacksonville roadways. We can be hit with any number of unidentifiable debris that seems to appear out of nowhere. These small projectiles can cause serious damage to your auto glass. The only defense is to pray hard and be careful. Safeguard Your Ride Windshield damage from freak accidents can happen whether you’re driving a car or not. You can reduce the odds of an injury by always parking in the safest place possible. Garages are ideal, but even a basic carport provides protection. There are also special blankets that can shield your car…

Automotive News

Ford, GM, Volvo exhaust supplier Wescast closing Ontario foundry, Unifor says

June 10, 2023

Wescast Industries, a Tier 1 automotive supplier of exhaust manifolds, has informed Unifor of its intention to close its foundry in Wingham, Ont., where it has operated for more than 120 years, the union said May 29. Unifor said the closure will devastate workers, families and the community of Wingham, about 190 kilometers northwest of Toronto. About 250 members of Unifor Local 4207 work at the facility. “Wescast and its overseas owners are turning their backs on the foundry’s dedicated workforce and the community that has supported them for generations,” Unifor National President Lana Payne said. “The Wingham foundry closure…

Automotive News

Stellantis, GM pay $363 million in US fuel economy penalties

June 9, 2023

Chrysler-parent Stellantis and General Motors paid a total of $363 million in civil penalties for failing to meet US fuel economy requirements for prior model years, documents seen on Friday by Reuters show. The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017, according to NHTSAwhich administers the Corporate Average Fuel Economy program. Stellantis said the penalties “reflects past performance recorded before the formation of Stellantis, and is not indicative of the Company’s direction.” Stellantis previously paid a total of $156.6 million in penalties for the…

Automotive News

Expert Insights: The Future of Connected Vehicles and Customer Experiences

June 8, 2023

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 systems both inside and outside the vehicle — will make up about 95% of all new vehicles sold around the world. Layering web-based and location-based data, for example, a car will be able to alert a hungry driver that a favorite fast-food dining spot is…

Automotive News

Elon Musk’s politics play to potential EV buyers in red states

June 7, 2023

Mario Natarelli, managing partner of the MBLM marketing group, doesn’t see Musk’s political shift and controversial Twitter posts as an attempt to shift from “blue” liberal customers to “red” conservative shoppers. “I don’t buy the argument that Musk is trying to pivot to red customers,” Natarelli said. “To think that he’s doing it on purpose seems really shortsighted.” Many brands seen as blue, such as Apple, or red, such as Walmart, are able to attract broad swaths of the American political landscape by focusing on their brand strengths, Natarelli said. MBLM publishes an annual brand intimacy report that ranked Tesla…

Automotive News

Franchise Equity Partners invests $55M in Parks Automotive Group

June 6, 2023

“We remain a passive partner,” Romanoff said. “Adam and team continue to fully run operations, but we’ve provided them the intellectual and equity capital that they need to further their objectives.” Family-run Parks Automotive is the second auto retailer investment for Franchise Equity Partners, following its $70 million October investment in Georgica Auto Holdings. Shortly after that partnership was announced, Georgica Auto bought three dealerships in Connecticut. Launched by Romanoff and Michael Esposito in November 2021, the firm received $1 billion in funding from HPS Investment Partners. It was tasked with investing in five sectors, including automotive dealerships, with about…

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