News

LOS ANGELES — Hyundai’s Santa Cruz utility vehicle blends the driving comfort of a compact crossover with the utility of a short-bed pickup, creating a unique model in terms of size and pricing when it goes on sale this summer. Hyundai, which released 2022 Santa Cruz photos and specifications on Thursday, is calling it a
0 Comments
Toyota Motor North America has recast its head of strategy to a new role in its information technology division and promoted another executive to take over a reorganized strategy function. Doug Murtha, 55, who joined Toyota’s executive ranks in 1992, once led the former Scion division, and most recently worked as the group vice president
0 Comments
The U.S. National Highway Traffic Safety Administration is investigating a potential problem with an airbag indicator light installed in 749,312 vehicles made by General Motors Co. that may prevent the bags from deploying in accidents. The agency, according to documents posted on its website, has begun a preliminary evaluation after receiving 15 consumer complaints on
0 Comments
The court-approved monitor overseeing Prime Automotive Group majority owner GPB Capital Holdings Inc. for the U.S. Securities and Exchange Commission is recommending that he remain in place for six months. Joseph Gardemal, managing director at consulting firm Alvarez & Marsal Holdings, said that after meeting with the U.S. regulator and GPB management, he suggests “continuation
0 Comments
Even after killing its long-controversial stair-step dealer sales incentive program this month, Nissan is continuing with a volume-based program for full-size pickups that some retailers say favors high-volume stores. Nissan is offering dealers cash incentives based on the number of Titan pickups they sell. Under the program that runs through May 3, stores can earn
0 Comments
Daimler’s new flagship electric sedan will generate “reasonable” returns right from the start as the vehicle features top-line technology, CEO Ola Kallenius said. The Mercedes EQS, which debuts this week, will produce attractive profits while still lagging the returns of its combustion engine-powered sibling, the S-Class, due to the higher cost of electric-car components, Kallenius
0 Comments
Genesis is making headlines recently. From the unfortunate crash that Tiger Woods suffered in a GV80 to the new GV70 compact crossover and X coupe concept, the Korean luxury brand seemingly can’t avoid the spotlight. And there’s more coming, too. Rumor has it that an electric GV70 is right around the corner (likely dubbed eGV70). There’s also
0 Comments
Two South Korean electric-vehicle battery makers reached a last-minute settlement in a bitter U.S. trade dispute, said people familiar with the deal, sparing President Joe Biden from choosing between undermining intellectual property rights or dealing a politically toxic blow to his climate agenda. SK Innovation Co. agreed to settle with its Seoul-based rival LG Energy
0 Comments
Waymo duo will double down on AV expansion Dmitri Dolgov believed from the beginning. A member of the Stanford University team that finished second in the DARPA Urban Challenge in 2007, he was captivated by the early promise of self-driving technology. Soon after the race, he became an original member of Google’s self-driving car project.
0 Comments
Uber Technologies Inc. and Lyft Inc. are spending millions of dollars to provide drivers with access to COVID-19 vaccines and offering tens of millions of free or discounted rides to vaccination sites for people in communities that lack access to transportation and healthcare services. The effort is both public-spirited, and self-interested. Ride-hailing demand is ramping
0 Comments
The Center for Automotive Research plans to go forward with the annual Management Briefing Seminars as a hybrid event in early August, forgoing the virtual format it used last year because of the COVID-19 pandemic. The Ann Arbor, Mich.-based nonprofit research group has seminars scheduled Wednesday, Aug. 4, and Thursday, Aug. 5, 2021. As always,
0 Comments
LMP Automotive Holdings Inc.’s CFO for about eight months has resigned, the new franchised dealership owner, used-car seller and vehicle subscription company said in a regulatory filing. Evan Bernstein, the former Braman Automotive Dealerships finance chief who publicly traded LMP announced as CFO last September, is resigning effective April 16, according to the Wednesday filing.
0 Comments