NHTSA asks Tesla why it didn't initiate a recall when it pushed safety-related software update

The National Highway Traffic Safety Administration is asking Tesla to explain why it didn't initiate a recall when it pushed a safety-related software update to customers in September. The software update enabled Tesla cars to better detect flashing, emergency vehicle lights in low light conditions. Previously, NHTSA initiated a probe into Tesla Autopilot over possible […]

GM-backed Cruise targets 1 million self-driving vehicles by 2030

Cruise, General Motors' majority-owned autonomous vehicle subsidiary, is targeting a fleet of 1 million or more self-driving vehicles by 2030. Cruise CEO Dan Ammann said the company expects "to scale the business rapidly." Commercializing driverless vehicles has been far more challenging than many predicted even a few years ago. Previous goals also have been missed. DETROIT […]

Ford's sales improving but still down by 27.4% in the third quarter

Ford's U.S. vehicle sales during the third quarter fell by 27.4% from last year as an ongoing shortage of semiconductor chips interrupted vehicle production and cut dealer inventories. The drastic fall was narrower than auto forecasters expected, but wider than the overall industry that was anticipated to be down between 13% and 14% from the […]

Jeep and Ram partner with Bono's (RED) organization for special-edition vehicles

Auto brands Jeep, Ram Trucks and Fiat are partnering with U2 frontman Bono's (RED) organization to offer special-edition vehicles, aimed at raising more than $4 million to fight against health crises. The vehicles will include "(RED)" editions of the Jeep Compass and Renegade small SUVs, Ram 1500 pickup and, for Europe, an electric version of the […]

Stellantis ups 2021 profit margin goal but chip squeeze weighs

Stellantis, formed in January by the merger of Italian-American group Fiat Chrysler and France's PSA, is now guiding for an adjusted operating profit margin of around 10%, which compares with a previous forecast of between 5.5%-7.5%. Milan-listed shares in the world's fourth largest carmaker rose as much as 4.1% at opening. Stellantis said it would […]

Toyota tops GM sales in the U.S., expected to be America's best-selling automaker

Toyota sold 688,813 vehicles during the second quarter, topping GM's sales of 688,236 vehicles. The last time GM wasn't the best-selling automaker for a quarter was when Ford outsold them during the Great Recession in the third quarter of 1998, Edmunds reports. In this article F 7203.T-JP 6201.T-JP Toyota Motor outsold General Motors in the […]

Everything investors should know from EV start-up Canoo's investor day

Electric vehicle start-up Canoo attempted to assure investors that it has a solid, and real, business plan following concerns over abrupt changes in the company. Speaking at the company's investor day, Canoo CEO and Chairman Tony Aquila reiterated many of the company's technological claims as well as plans to build three new EVs, including a […]