Autos


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Analysts: Recent Automotive Job Cuts Are Just the Beginning

Over the last six months, automakers have announced roughly 38,000 job cuts as part of global restructuring efforts. While such things are typically part of the normal ebb and flow of the industry, the ebb could be a prolonged one as manufacturers seek ways to mitigate the high cost of tech and figure out what […] The post Analysts: Recent Automotive Job Cuts Are Just the Beginning appeared first on The Truth About Cars.
Tags: Economics, Autos, Automotive Industry, Mobility, Job Cuts, Share Prices, Forecasting, News Blog, Analysts, Auto Jobs, Auto Manufacturers, Development Cots


Playing Both Sides: How Toyota Is Rolling With the Trade War Punches

While it’s difficult to muster sympathy for giant corporations, the trade war current raging between the United States and China has left many stuck in an industrial limbo. Automakers want a bigger slice of the global market, but putting your eggs in either country’s basket will result in repercussions from the other. We’re not saying […] The post Playing Both Sides: How Toyota Is Rolling With the Trade War Punches appeared first on The Truth About Cars.
Tags: China, Corporate Strategy, United States, Tariffs, Autos, Automotive Industry, Toyota, Donald Trump, Auto Sales, Toyota Motor Corp, Akio Toyoda, News Blog, Trade War, Trade War Watch, Chinese auto market


Ford CTO Ken Washington at TC Sessions: Mobility on July 10

A conference dedicated to transportation and mobility wouldn’t be complete without hearing from Ford, the U.S. automaker with a storied 116-year history. We’re excited to announce that Ford CTO Ken Washington will participate in TechCrunch’s inaugural TC Sessions: Mobility, a one-day event on July 10, 2019 in San Jose, Calif., that’s bringing the best and brightest minds — founders, investors and technologists — who are determined to invent a future Henry Ford might never have imagined. Or maybe...
Tags: Transportation, Technology, California, Los Angeles, Events, Tech, Artificial Intelligence, Automotive, United States, Ford, Electric Vehicles, Transport, Bird, San Jose, Automotive Industry, Self-driving Cars


You Can’t Blame Volkswagen for Trying

On Tuesday, Volkswagen announced its plan to assemble 600,000 electric vehicles utilizing the brand’s MEB platform at two plants in China. The facilities, said to be located in the cities of Anting and Foshan, will help bolster EV volume after the completion of VW’s Zwickau plant in Germany — which the company previously claimed would manufacture 330,000 […] The post You Can’t Blame Volkswagen for Trying appeared first on The Truth About Cars.
Tags: Investments, China, Germany, Corporate Strategy, Industry, Vw, Electric Vehicles, Autos, Automotive Industry, Volkswagen, EVs, Industry News, Volkswagen Group, Zwickau, Herbert Diess, Foshan


Versailles Party Video Makes Ghosn Look Like a 17th Century Monarch

Auditors attempting to assess how down and dirty Carlos Ghosn’s spending habits were have reportedly become very interested in a YouTube video of a party held at the Palace of Versailles in 2014. While the clip doesn’t showcase any cash-fueled orgies or golden idol worship, it does present a extravagant party that was supposedly paid for […] The post Versailles Party Video Makes Ghosn Look Like a 17th Century Monarch appeared first on The Truth About Cars.
Tags: Japan, Scandal, France, Autos, Automotive Industry, Nissan, Renault, Coup, Versailles, Carlos Ghosn, News Blog, Hot Legal Action, Nissan-Renault-Mitsubishi Alliance, Versailles Party


Ford Plans to Cut More UK Jobs in European Restructuring

Having already announced plans to cut thousands of jobs in Europe in an effort to stem the region’s ongoing cash hemorrhage, Ford has reportedly begun re-examining the United Kingdom. Initially, the automaker’s restructuring plan involved ending production at a transmission plant in France, killing the C-Max in Germany, and dissolving its Ford-Sollers joint venture in Russia. […] The post Ford Plans to Cut More UK Jobs in European Restructuring appeared first on The Truth About Cars.
Tags: Europe, Layoffs, France, Germany, Russia, Ford, United Kingdom, Autos, Automotive Industry, Profits, Brexit, Reports, Ford Motor Co, Ford Europe, News Blog, Restructuring


Subaru Struggles: Annual Profit Effectively Halved Due to Quality Control Issues

Subaru may be getting too big for its britches. Despite seeming like it was positioned for nearly incalculable growth at the start of last year, the automaker’s latest financial report showed the period was actually plagued with problems. Over the full fiscal year, which ends on March 31st for Subaru, the company basically showed that […] The post Subaru Struggles: Annual Profit Effectively Halved Due to Quality Control Issues appeared first on The Truth About Cars.
Tags: Sales, Industry, Recalls, Autos, Automotive Industry, Profits, Auto Sales, Subaru, News Blog, Earnings Reports, Sales Stats, Financial Report, Yajima


China’s Zotye Seeks More U.S. Dealers, Parent Company Readies More Brands for North America

Following last week’s announcement that the T600 will serve as the tip of Zotye’s spear, probing into North America, parent company HAAH Automotive Holdings dropped hints that the brand might be one of several Chinese nameplates offered in the United States. Zotye USA emerged in 2018, after HAAH signed a distributorship agreement with Zotye Automobile International Co. […] The post China’s Zotye Seeks More U.S. Dealers, Parent Company Readies More Brands for North America appeared first on The T...
Tags: China, Autos, Automotive Industry, North America, Industry News, Zotye Auto, Market Strategy, News Blog, Zotye, Chinese brands, Duke Hale, HAAH Automotive Holdings, Market Planning, Zotye USA, United States Zotye USA, HAAH


CEO of Embattled Jaguar Land Rover Explains the Road Ahead

Last week, we examined the precarious situation impacting the way Jaguar Land Rover does business. If you want the abridged version, JLR isn’t sure what to do about Brexit, overestimated the Chinese market, and is concerned with tightening emission rules in Europe. The company’s now mulling the layoff of a sizable portion of its workforce to […] The post CEO of Embattled Jaguar Land Rover Explains the Road Ahead appeared first on The Truth About Cars.
Tags: Europe, Corporate Strategy, Autos, Jaguar, Jaguar Land Rover, Automotive Industry, Land Rover, Brexit, Industry News, Tata Motors, JLR, Ralf Speth, News Blog


Zotye Confirms T600 As Brand’s First U.S. Market Model

At this point, it feels that every Chinese automaker has delivered an unrealistic promise of bringing fresh product into the United States within a couple of years. Last November, Zotye, Ford’s partner in Asia with a penchant for producing copycat models of European cars, announced plans to bring something over in 2020. The firm now claims that […] The post Zotye Confirms T600 As Brand’s First U.S. Market Model appeared first on The Truth About Cars.
Tags: Asia, China, United States, Ford, Autos, Automotive Industry, Zotye Auto, Market Strategy, News Blog, Zotye, Chinese brands, Duke Hale, HAAH Automotive Holdings, Market Planning


Yet Another Bailout for Faraday Future

Faraday Future, the contentious automotive startup that always seems to find (and then lose) sizable amounts of cash, has announced it has once again managed to secure new funding. According to its press release, Faraday says will receive $225 million in bridge financing via a funding round led by Birch Lake Associates. While the bulk of the cash […] The post Yet Another Bailout for Faraday Future appeared first on The Truth About Cars.
Tags: Startups, FF, Electric Vehicles, Autos, Capital, Automotive Industry, EVs, Faraday, Faraday Future, Industry News, News Blog, Automotive startups, Joint Partnerships, FF91, Bridge Loan, The9


How Are Autonomous Vehicles Supposed to Make Automakers Money?

As we continue reporting on how costly mobility projects, connectivity, and autonomous development are weighing on automakers’ bottom line, readers want to know exactly when these endeavors will become profitable. While the path for data acquisition and in-car marketing is fairly clear, self-driving cars are new territory. But it’s all speculative. Logistical, ethical and regulatory […] The post How Are Autonomous Vehicles Supposed to Make Automakers Money? appeared first on The Truth About Cars...
Tags: Editorials, Finances, Autos, Automotive Industry, Mobility, Autonomous Vehicles, Self-driving Cars, Business Partnerships, Avs, News Blog, Corporate Strategies


Ford’s Earnings Show That Saving Money Can Be Expensive

Automakers find themselves a bit of a pickle right now. The shift towards “mobility” has resulted in high development costs for electric and autonomous vehicles in the midst of stagnating sales growth. There’s also a trade war hurting global demand and impacting supply chains. Ultimately, this resulted in a lackluster Q1 for many manufacturers. Ford’s situation […] The post Ford’s Earnings Show That Saving Money Can Be Expensive appeared first on The Truth About Cars.
Tags: Ford, Share Price, Autos, Stocks, Automotive Industry, Profits, Reports, Ford Motor Co, News Blog, Restructuring, Earnings Reports


Carlos Ghosn Re-released From Japanese Jail

The embattled ex-patriarch of the Renault-Nissan-Mitsubishi Alliance has posted an additional $4.5 million in bail. Beyond some new indictments regarding his alleged misappropriation of corporate funds, not much has changed regarding the case. Ghosn and his legal team continue to maintain his innocence, suggesting that Nissan orchestrated the entire ordeal as part of a industrial […] The post Carlos Ghosn Re-released From Japanese Jail appeared first on The Truth About Cars.
Tags: Japan, Scandal, France, Autos, Automotive Industry, Nissan, Renault, Coup, Ghosn, Carlos Ghosn, News Blog, Renault Nissan Mitsubishi Alliance, Hot Legal Action, Nissan-Renault-Mitsubishi Alliance


Toyota Has a Big Announcement for Canada Next Week

Toyota Motor Manufacturing Canada (TMMC) plans to make a major announcement on Monday regarding its North Plant in Cambridge, Ontario. These days, such news automatically drums up concerns of layoffs and factory closures. However, Toyota’s announcement sounds as though it will be relatively positive in nature, focusing on production changes. While the corporate release gave […] The post Toyota Has a Big Announcement for Canada Next Week appeared first on The Truth About Cars.
Tags: Autos, Automotive Industry, Toyota, Industry News, Toyota Motor Corp, Cambridge Ontario, News Blog, Product Planning, Toyota Motor Manufacturing Canada, TMMC, Production Announcements, Canada Next Week, Toyota Motor Manufacturing Canada TMMC, North Plant


USA to the Rescue? Jaguar Land Rover Banks on American Excess During Troubled Times

Jaguar Land Rover finds itself in a truly unfortunate situation. Like many manufacturers, it mistakenly presumed China would be a continual source of sales growth. But JLR also has to contend with the uncertainty of Brexit and tightening emission rules across Europe. The one-two-three punch helped contribute to the $4.4-billion loss the company posted in its […] The post USA to the Rescue? Jaguar Land Rover Banks on American Excess During Troubled Times appeared first on The Truth About Cars.
Tags: Europe, Usa, China, Autos, Jaguar, Jaguar Land Rover, Automotive Industry, Land Rover, Brexit, Tata Motors, JLR, Sales Data, News Blog, Earnings Reports, Jaguar Land Rover Banks


Trade War Watch: It’s Okay to Feel a Little Sorry for Harley-Davidson

Last summer, the European Union imposed an additional 25-percent import duty on top of the existing 6-percent tariff levied on large motorcycles. Established as a response to the United States’ duties on steel and aluminum, the move crippled Harley-Davidson’s ability to thrive in the European market — a region that accounts for about one-sixth of […] The post Trade War Watch: It’s Okay to Feel a Little Sorry for Harley-Davidson appeared first on The Truth About Cars.
Tags: European Union, United States, Motorcycles, Tariffs, Autos, Automotive Industry, Donald Trump, Harley-davidson, News Blog, Trade War Watch, Motorcycle Industry, Canary In The Coal Mine


Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

Less than a month after rebranding as Canoo, the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany, and Taiwan, is hoping to line up the new capital from some more recognizable names as it finalizes supply deals with vendors, according to a person with knowledge of the company’s plans. Canoo is locking in final contracts wit...
Tags: Startups, TC, Transportation, Electric Vehicle, Uber, China, Germany, Los Angeles, Tech, Taiwan, Car, Automotive, United States, Porsche, Transport, San Diego


Nissan-Renault Relationship Has Not Improved, Despite Assurances to the Contrary

If Nissan and Renault were a living, breathing couple, they’d be the duo all of your other friends whisper about. They’d be the couple with the big house and seemingly successful children that everyone knows fights bitterly in the evenings — screaming at each other before retiring to their separate bedrooms. The relationship, while healthy in terms […] The post Nissan-Renault Relationship Has Not Improved, Despite Assurances to the Contrary appeared first on The Truth About Cars.
Tags: Japan, France, Government, Mergers, Autos, Automotive Industry, Law And Order, Nissan, Renault, Ghosn, Carlos Ghosn, Nissan Renault, News Blog, Renault-Nissan-Mitsubishi Alliance, Wheeling And Dealing


The Kids Aren’t Alright

For roughly the last decade, we’ve heard the motoring media bemoan Millennials as the generation that snubbed driving. Their inability to find and hold jobs that paid as well as their parents’ did at the same stages of life, combined with elevated costs of living and crippling student debt load, negatively impacted their purchasing power. Still, this […] The post The Kids Aren’t Alright appeared first on The Truth About Cars.
Tags: Debt, Data, Millennials, Studies, Autos, Automotive Industry, Auto Sales, Reports, Baby Boomers, Generation Z, News Blog, Gen Z, Auto Loans, Generational Gaps, Used Car Sales, Buying habits


Nissan Supports Notre Dame Restoration, Ditto for Relationship With Renault

Nissan Motor Co. has pledged a donation of 100,000 euros ($112,000) for the restoration of the fire-kissed Notre Dame Cathedral in Paris. However, the company’s act of kindness is overshadowed by its rather interesting timing. Nissan’s relationship with partner Renault and the French government has grown strained since the arrest of former Alliance boss Carlos Ghosn — […] The post Nissan Supports Notre Dame Restoration, Ditto for Relationship With Renault appeared first on The Truth About Cars.
Tags: Japan, Paris, Autos, Automotive Industry, Nissan, Notre Dame, Donations, Renault, Coup, Carlos Ghosn, Notre Dame Cathedral, Nissan Motor Co, News Blog, Hot Legal Action, Nissan-Renault-Mitsubishi Alliance


Audi self-driving unit taps newcomer Aeva for its unique lidar

Audi’s self-driving unit has tapped a startup with a unique approach to lidar as it ramps up testing in Munich using a fleet of autonomous electric e-tron crossover vehicles. Audi subsidiary Autonomous Intelligent Driving, or AID, said Wednesday it’s using lidar sensors developed by Aeva, a startup founded just two years ago by veterans of Apple and Nikon. Aeva, a Mountain View, Calif.-based company started by Soroush Salehian and Mina Rezk, has developed what it describes as “4D lidar” th...
Tags: Apple, Transportation, Tech, Tesla, Munich, Automotive, Automotive Industry, Volkswagen, Self-driving Cars, Nikon, Audi, Lidar, Emerging-technologies, Velodyne, Mountain View Calif, Canaan Partners


Aptiv takes its self-driving car ambitions (and tech) to China

Aptiv, the U.S. auto supplier and self-driving software company, is opening an autonomous mobility center in Shanghai to focus on the development and eventual deployment of its technology on public roads. The expansion marks the fifth market where Aptiv has set up R&D, testing or operational facilities. Aptiv has autonomous driving operations in Boston, Las Vegas, Pittsburgh and Singapore. But China is perhaps its most ambitious endeavor yet. Aptiv has never had any AV operations in China,...
Tags: Transportation, Lyft, China, Boston, Singapore, Tech, Automotive, United States, Automation, President, Shanghai, Transport, Automotive Industry, Manufacturing, Las Vegas, Self-driving Cars


Doing the Math Yields More Bad News for China’s Auto Industry

Over the past several years, the Chinese government embarked on an aggressive electric vehicle push, hoping to mitigate the nation’s severe air pollution, reduce its reliance on oil imports, and foster a high-tech manufacturing sector that could put the rest of the world to shame. The result of these efforts? Hundreds of new EV companies, […] The post Doing the Math Yields More Bad News for China’s Auto Industry appeared first on The Truth About Cars.
Tags: Finance, Investments, Government, China, Electric Vehicles, Autos, Automotive Industry, EVs, Electric Cars, Automotive Technology, News Blog, Automotive startups, New Tech, EV startups, Chinese Auto Industry


GM-Rivian Talks Break Down, but Rivian Doesn’t Seem Worried

General Motors has been negotiating with Rivian, the Michigan-based company developing some of the slickest EVs we’ve seen in a while, over the possibility of purchasing an equity stake in the promising startup. Following news that Amazon was leading a $700 million round of funding in Rivian in February, reports came streaming in that the biggest […] The post GM-Rivian Talks Break Down, but Rivian Doesn’t Seem Worried appeared first on The Truth About Cars.
Tags: Amazon, Deals, General Motors, Electric Vehicles, Gm, Autos, Automotive Industry, Michigan, EVs, News Blog, Zero Emissions Vehicle, Electric pickup trucks, Rivian, Rivian R1T, Rivian R1S


Chinese Auto Market Continues Its Decline; U.S. Future Also Looking Bleak

China’s auto sales declined for the ninth consecutive month in March, further proving that the market isn’t as infallible as once thought. The assumption was that, as North America surpassed peak growth and flattened out, Chinese auto sales would continue an upward trajectory. But, while China did surpass the U.S. in becoming the world’s largest […] The post Chinese Auto Market Continues Its Decline; U.S. Future Also Looking Bleak appeared first on The Truth About Cars.
Tags: China, Autos, Automotive Industry, North America, Financing, Auto Sales, Forecasting, News Blog, U.S. auto sales, Auto Loans, Car Prices, Chinese auto sales


Germany’s Transition to EV-Land Sounds Slightly Unpleasant

Yesterday, we discussed Volkswagen trouble in finding the perfect recipe for affordable electric cars. Today, its BMW’s turn, and a broader look at how electrification is affecting Germany on the whole. Reducing auto emissions has become immeasurably stylish in countries across the globe, with Europe doing some of the heaviest lifting via stringent regulatory measures. As […] The post Germany’s Transition to EV-Land Sounds Slightly Unpleasant appeared first on The Truth About Cars.
Tags: Europe, Germany, Development, Electric Vehicles, Autos, Automotive Industry, Bmw, Volkswagen, EVs, News Blog, Product Planning, Battery Tech, EV adoption


Carlos Ghosn Releases Video Message From Prison

Out on bail and awaiting trial, former Nissan CEO Carlos Ghosn was arrested in Japan last week for the fourth time since November — putting the kibosh on a scheduled press conference where he promised to “tell the truth” about what’s been going on. While Ghosn’s supposed bombshell will have to wait for another day, he did manage to […] The post Carlos Ghosn Releases Video Message From Prison appeared first on The Truth About Cars.
Tags: Japan, Scandal, Autos, Automotive Industry, Nissan, Renault, Coup, Ghosn, Carlos Ghosn, News Blog, Hiroto Saikawa, Hot Legal Action, Nissan-Renault-Mitsubishi Alliance


How Seriously Should We Take Trump’s Mexican Auto Tariff Threat?

On Thursday, President Donald Trump threatened to impose tariffs on cars entering the United States from Mexico if the nation doesn’t assist Washington in dealing with the migrant situation at its southern border. It’s a rather bold ultimatum, coming hot on the heels of claims that the White House was seriously considering closing the border […] The post How Seriously Should We Take Trump’s Mexican Auto Tariff Threat? appeared first on The Truth About Cars.
Tags: Washington, Mexico, Government, White House, United States, Tariffs, Trade, Autos, Automotive Industry, Donald Trump, Trump, News Blog, U.S, Trade War Watch, Trade Talks, Auto Tariffs


Attention, Plebs: New Cars Are Becoming Prohibitively Expensive

As new vehicle prices continue to climb, many wonder how high MSRPs can go before the public decides to take a pass — assuming they haven’t already. Sales growth is slowing, even in seemingly bulletproof markets like China. Even before this ominous backdrop unfurled, dealers were making noise about new car prices that had grown […] The post Attention, Plebs: New Cars Are Becoming Prohibitively Expensive appeared first on The Truth About Cars.
Tags: China, Economics, Economy, Autos, Automotive Industry, Affordability, News Blog, Auto Loans, New Car Pricing, Car Prices, New Car Market, Used Vehicle Market, Automotive Prices



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