Automotive News

Gentex auto supplier hit by ransomware attackGentex auto supplier hit by ransomware attack

May 25, 2023| 7:48 pm

According to TechTarget, a Dunghill operator reached out with a link to what the group claims is 5 terabytes of sensitive corporate data from Gentex, including client documents and personal employee information. The report indicated Dunghill posted the stolen information on the dark web as well as shared data with unspecified foreign and domestic manufacturers after Gentex “refused to cooperate.” Threats against companies in the manufacturing industry have become more prevalent and more costly as of late. According to an annual report from IBM, the cost of a data breach for the industrial sector — which includes chemical, engineering [...]

Consider This Before Repairing Your WindshieldConsider This Before Repairing Your Windshield

May 25, 2023| 6:57 pm

Does your windshield currently have a crack, chip, or some sort of break? While you may not believe the damage is too significant right now, it can turn into a real problem for your safety. As such, windshield repair and replacement are important and should be pursued urgently. The skilled, friendly, and professional team at Lucky Dog Auto Glass has put together a list of questions for you to consider before choosing how to deal with windshield damage–take a look! How bad is the chip in the windshield? Yes, chips may seem small or, as stated above, insignificant, but they’re… [...]

Construction of Stellantis EV battery module plant remains at stand stillConstruction of Stellantis EV battery module plant remains at stand still

May 24, 2023| 7:28 pm

Ford said May 19 that his government would offer more support. “I will confirm we’re putting more money on the table,” he said after an unrelated announcement in St. Catharines, Ont. “This is all about saving jobs and giving people the quality of life they deserve in southwestern Ontario.” The premier wouldn’t provide details on the additional amount of funding the province is prepared to provide. A Stellantis spokesperson on May 23 said the company has “no new comments or statements at this time.” “Construction remains stopped for the module building.” The plant, expected to employ 2,500 people and slated… [...]

A growing concern in the Canadian automotive industryA growing concern in the Canadian automotive industry

May 23, 2023| 7:26 pm

According to the Canadian Anti-Fraud Centre, which tracks fraud trends across the country, there were 109 reported cases of vehicle identity fraud in Canada in 2020, resulting in losses of over $1.2 million. 2 This represents a 13% increase from the previous year .2 CARFAX Canada has also seen a similar trend, reporting a 30% increase in VIN cloning investigations since 2020.3 The impact of VIN cloning is significant and negatively affects consumers, insurance companies and the automotive industry. Consumers who unintentionally purchase a vehicle with a cloned VIN can face a variety of problems including vehicle safety concerns, reduced… [...]

2024 Ford Ranger Raptor to boost ICE profits at little extra cost2024 Ford Ranger Raptor to boost ICE profits at little extra cost

May 21, 2023| 7:13 pm

“When you can get scale and engineering efficiencies through a lot of re-use of parts, you can really do a lot of things both from a business perspective and also from a customer perspective, making sure we’re bringing them new and exciting products ,” John Emmert, Ford’s general manager of North America trucks, told Automotive News. “A lot of our enthusiast products create a halo for the rest of the brand.” The Raptor line started as a skunkworks project on the 2010 F-150 that was well received by customers looking for off-road performance. Such buyers also exist in the [...]

Polestar 3 electric crossover delayed againPolestar 3 electric crossover delayed again

May 20, 2023| 7:10 pm

Polestar now expects 2023 global sales volumes of 60,000 to 70,000, compared with its earlier forecast of about 80,000 units. Polestar delivered 51,491 units last year. “Given the tougher economic climate, it is difficult for us to compensate for the absence of the Polestar 3 volumes with an incremental Polestar 2 volume,” Polestar CFO Johan Malmqvist said on an earnings call Thursday. “That, coupled with high market uncertainties, led us to call down the volumes.” Polestar CEO Thomas Ingenlath said the volume forecast adjustment would also help the automaker protect the profit margin on the Polestar 2. “We are intent… [...]

Cost of Windshield Replacement Is Going UpCost of Windshield Replacement Is Going Up

May 19, 2023| 6:50 pm

Today, it seems as if the prices on just above everything (food, gas, rent) are going up–and glass is no exception. Unfortunately, maybe not all that surprisingly, the cost of automobile glass materials has been rising every month. . . and continues to do so. In fact, the Bureau of Labor Statistics’ Producer Price Index data pulled back in January 2022 showed that motor vehicle parts increased by 5.2 percent from the previous year. Specifically, adhesives and sealants increased in price by 14.2 percent, while prices for materials related to motor vehicle repair and maintenance increased [...]

Insurers sue Hyundai and Kia over costs of easily hot-wired vehiclesInsurers sue Hyundai and Kia over costs of easily hot-wired vehicles

May 19, 2023| 6:34 pm

The widespread theft of vulnerable older Hyundai and Kia models not equipped with a crucial anti-theft device could end up costing the US insurance industry up to $600 million. Liberty Mutual, Nationwide, American Family and 65 other auto insurers, which comprise only a fraction of the country’s insurance companies, estimate that just their portion of the payout to owners who have been affected by the social media-driven crime wave could top $300 million . The insurers, who filed a lawsuit in US District Court in Orange County, Calif., in March, say they have already paid out $190 million. They are… [...]

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

May 18, 2023| 6:12 pm

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 the new site in the city south of Niagara Falls as it reported its first-quarter earnings on Wednesday. Company CEO Linda Hasenfratz said the state-of-the-art plant will be a “flagship location” for the company’s structural castings business. “As the first supplier to invest in this equipment in North America, Linamar will naturally take a market leadership position in this technology,”… [...]

Elon Musk has found a new Twitter CEOElon Musk has found a new Twitter CEO

May 17, 2023| 5:41 pm

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. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!,” Musk said in a tweet. The Wall StreetJournal first reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job. Word came Thursday that Yaccarino will leave NBC following the reports. Musk has previously not named any prospective candidates, and… [...]

Category: Automotive News