Automotive News

Watching how industries react to innovation efforts

September 19, 2024

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…

Automotive News

Nissan preps Canton, Miss., plant to build EVs

July 13, 2023

Pivoting the factory to battery vehicles is a complex endeavor. Nissan must expand the facility’s physical footprint to accommodate the assembly of battery packs and other components. “We will drive for more localization to reduce CO2 emissions in the supply chain,” Johnson said. New technologies, such as laser brazing, will be introduced in the body shop to create parts that are “unique to the styling of our vehicles,” Johnson said. “We’re going to modify our onsite presses for full aluminum capability,” he said. The assembly line will require modification rather than a rip-out. The heaviest changes will be in trim…

Automotive News

Lithium iron phosphate curbs the battery gap with nickel, cobalt

June 28, 2023

Battery expert Lukasz Bednarski, author of the 2021 book “Lithium: The Global Race for Battery Dominance and the New Energy Revolution,” believes automakers’ interest in building lower-priced EVs could be one of the drivers behind LFP’s rising popularity. “LFP provides good enough performance at a lower cost, which makes it an attractive proposition for EVs for the middle class,” he said. Bednarski added that the US Inflation Reduction Act (IRA) provides incentives “for the development of the whole battery chain (with no) preference for LFP chemistry.” Rising investment in LFP manufacturing facilities in the United States is coming not just…

Automotive News

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

May 19, 2023

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…

Automotive News

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

May 13, 2023

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 used to previously, so the only thing they have is to elongate that loan term,” he said. Ross, Karwel and Abraham saw little relief in sight for buyers as both new- and used-vehicle inventories remained tight. UPSIDE: MORE F&I SALES For dealers, however, the longer loan timelines are creating opportunities. Finance and insurance products, once pitched when selling new-vehicle sales,…

Automotive News

Lloyd Reuss obituary: Former GM president championed engineering

April 24, 2023

DETROIT — Lloyd Reuss, a mechanical engineer who rose to become General Motors president in the early 1990s, died on Friday. He was 86. Reuss, a classic company man with sharp political instincts and a passion for performance, was the father of Mark Reuss, GM’s current president and head of the automaker’s regional and international operations, global product development programs, quality and design. Mark Reuss posted the news of his father’s death on Facebook. Lloyd Reuss became GM president on Aug. 1, 1990, as part of incoming Chairman Robert Stempel’s executive team. As president, he was an early supporter of…

Automotive News

Ed Morse Automotive Group Hits #52 on Automotive News’ Annual List of Top US Dealerships; Moved Up Eight Spots

April 7, 2023

DELRAY BEACH, Fla., April 5, 2023 /PRNewswire/ — Automotive News just announced its annual ranking of the top 150 auto dealership group based in the US, and Ed Morse Automotive Group was listed at #52, moving up eight spots from last year. The 2023 ranking is based on new vehicles sold in 2022 and is determined by the Automotive News Research & Data Center. “This new ranking is a true testament to the hard work of every single employee we have, as they are dedicated and determined to make the car and motorcycle buying experience an enjoyable one for our…

Automotive News

Auto suppliers scramble to develop alcohol detection technology

April 1, 2023

Asahi Kasei will ultimately not serve as the Tier 1 supplier of the technology to automakers, but it will likely get it into passenger vehicles through other in-cabin components, Franchy said. The burgeoning new business opportunity reflects what has been underway at Asahi Kasei, a corporation with $14.7 billion in revenue in the 12 months ended Sept. 30, 2022. The big company has been broadening its business base and seeking new markets. When Asahi Kasei is known at all, it’s typically for its decades-old position in chemicals. But in more recent years, the company has built a presence in structural…

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