us automotive industry news

Ford F-150 Lightning Base Price Slides Back Under $50,000Ford F-150 Lightning Base Price Slides Back Under $50,000

July 18, 2023| 3:33 pm

good morning! It’s Monday, July 17, 2023 and this is The MorningShift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. ‘Ride of Your Life’ Sneak Peak: Music Row Camaro 1st Gear: Lightning (Price) Crashes (A Little) the F-150 Lightning sounded like a promising value when it was first launched in 2021, starting at about $40,000 for the base Pro model. That truck’s price rose to more than $60,000 this year, and potential customers have responded the way you’d expect them to: by striking the… [...]

Magna, Linamar, Martinrea on 2023 Automotive News Top 100 Global Suppliers ListMagna, Linamar, Martinrea on 2023 Automotive News Top 100 Global Suppliers List

July 7, 2023| 4:53 am

Just three Canada-based auto parts makers find themselves in 2023 Automotive News Top 100 Global Suppliers List. That’s two fewer than a year ago. The list, released Monday by sibling publication Automotive News in Detroit, tracks sales to automakers from the previous year. Magna International Inc., Linamar Corp. and Martinrea International Inc., landed on the list. Magna, based in Aurora, Ont., remained fourth on the list. It’s the only Canadian company in the top five. Magna had sales of $37.8 billion (all figures in USD) to automakers worldwide, up 4.4 per cent over the previous year. The company was also… [...]

Hyundai is undecided where it will expand EV manufacturing; Canada ‘on the list’Hyundai is undecided where it will expand EV manufacturing; Canada ‘on the list’

July 2, 2023| 3:54 am

Romano said Hyundai has had “a lot” of such conversations with the government. And while Hyundai’s focus is on Georgia today, the US $5.5 billion plant, going up northwest of Savannah, is unlikely to produce enough vehicles to meet the government’s EV targets on its own, he added. This need for a larger North American footprint could lead Hyundai to Canada, said Sam Fiorani, vice-president of global vehicle forecasting at US-based AutoForecast Solutions. “Canada is now pushing for an EV future. It makes a lot of sense to piggyback off of the battery plants and the technology, and the good… [...]

Toyota future EV plans include batteries with 900-mile rangeToyota future EV plans include batteries with 900-mile range

June 13, 2023| 11:26 pm

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… [...]

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

June 12, 2023| 11:12 pm

News Home Monday, June 12, 2023 12:11 PM | Investors Observer Analysts Mentioned in this article [...]

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

June 7, 2023| 10:56 pm

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… [...]

Should You Use Insurance to Replace Your Windshield: Yes or No?Should You Use Insurance to Replace Your Windshield: Yes or No?

June 6, 2023| 7:10 pm

It’s likely what happened to you before: a chipped or cracked windshield. Unfortunately, this type of issue generally occurs quickly, and without any warning. In addition, chips, cracks and breaks can be big, small, easy to fix or very expensive to repair. Each situation is different and calls for a specific action. It’s important to remember that when you experience windshield damage, seek professional automotive assistance as soon as possible. Not only is it extremely unsafe for you (and others on the road) to drive a car with a windshield that has been impaired, but small chips [...]

Searching “Windshield Replacement Near Me”Searching “Windshield Replacement Near Me”

May 1, 2023| 5:58 pm

Car windows and windshields are things that many drivers just don’t think much about– until one day they suddenly need to be replaced. Maybe it’s a large chip, or a small crack that has since flourished over time into a web of other cracks. Perhaps it was a single incident of blunt force that smashed the windshield in seconds. Regardless of what it looks like or how it happened, the truth is that any damage to car windows and particularly windshields should be repaired as soon as possible. But since this is not something drivers actively [...]

Polestar will take over part of the old Saab plant to expand R&DPolestar will take over part of the old Saab plant to expand R&D

April 25, 2023| 2:15 pm

Polestar will take over part of Saab’s former car plant in Sweden to extend its R&D operations in Europe. The EV maker will conduct powertrain development for the Polestar 5, a Tesla Model S rival, and the Polestar 6 roadster at a 15,000-square-meter building in Trollhattan, Automotive News Europe sister publication Automobilwoche reported. Polestar will also test powertrains, electric motors and batteries for the upcoming models at the new R&D center. Polestar will rent the building from the city of Trollhattan, Automobilwoche said. The site was previously used for powertrain development by Saab and then by National Electric Vehicle Sweden… [...]

Lucid Motors Q1: Production, deliveries fall from Q4Lucid Motors Q1: Production, deliveries fall from Q4

April 14, 2023| 11:26 am

Lucid Group Inc. reported first-quarter production and delivery figures that were lower than the preceding three months, in line with its guidance of weak production this year. The luxury electric car-maker late Thursday said it produced 2,314 vehicles and delivered 1,406 in the quarter ended Mar. 31, lower than the 3,493 vehicles produced and 1,932 delivered in the December quarter. Lucid shares fell 6.8 percent in premarket trading on Friday. The company said it will report quarterly results on May 8. The Newark, Calif.-based company, already battling supply chain and logistics issues, was hit by aggressive price cuts sparked by… [...]

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