automaker

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Rivian Customers Cash In on Pre-Order Stock Offer

EV buyers were eligible to buy IPO shares that then jumped

(Newser) - When Rivian set up its initial public offering, the electric vehicle company set aside 7% of its IPO allocation for its directed share program. Eligible participants included anyone pre-ordering a vehicle, CNBC reports. So when Rajiv Patel put down $1,000 for an SUV, he maxed out on the stock...

Ford to Make Its Most 'Dramatic' Investment Ever

Automaker to build assembly plant, 3 factories for EV batteries in South, with hopes of 10.8K jobs

(Newser) - Ford and a partner company say they plan to build three major electric-vehicle battery factories and an auto assembly plant by 2025—a dramatic investment in the future of EV technology that will create an estimated 10,800 jobs and shift the automaker's future manufacturing footprint toward the South....

Another Election Result: Making It Easier to Fix Your Car
One State's New Car-Repair
Law Could Affect Everyone
the rundown
Nov 5, 2020 12:08 PM CST

One State's New Car-Repair Law Could Affect Everyone

Massachusetts will require automakers to share computer data on vehicles

(Newser) - One of the under-the-radar state ballot items in 2020 has the potential to affect everyone who owns an automobile. In Massachusetts, voters easily approved a measure that will require automakers to share computer data on vehicles with independent shops, reports Reuters . If history repeats, this could become the national norm....

Musk to US: You Owe Me Tariff Money, Plus Interest

Tesla, other major automakers suing the government over trade war with China

(Newser) - Elon Musk isn't just calling for the US to end new tariffs on Chinese products—he wants a refund for the money's he already paid, plus interest. Musk's car company, Tesla, filed a lawsuit against the US this week over the import tariffs, as did automakers Ford,...

Audi Apologizes for 'Insensitive' Ad

It showed young girl leaning on grille of high-performance car

(Newser) - Audi has apologized for a T witter ad that has been denounced as unsafe, weird, and possibly suggestive. The ad for the high-performance RS4, which, for now, can still be seen here , features a young girl leaning on the front of the vehicle and eating a banana, BBC reports. Critics...

After George Floyd Death, a Big Ask by Ford Workers

Employee letter wants company to stop making police vehicles; that doesn't look likely

(Newser) - Ford Motor Co. makes about two-thirds of America's police vehicles , so a recent ask by some of the automaker's workers in the wake of protests over the death of George Floyd, racism, and police brutality is a significant one: They want the company to consider not making and...

The World Is Getting a New No. 4 Automaker

Via the merger of Fiat Chrysler and Peugeot

(Newser) - The boards of Fiat Chrysler Automobiles and PSA Peugeot on Wednesday signed a binding merger deal creating the world’s fourth-largest automaker with the scale to confront the challenges of stricter emissions regulations and the transition to new driving technologies. The companies said in a joint statement the new group...

Fiat Chrysler Had No Idea CEO Had Been Ill So Long

Sergio Marchionne had been receiving treatment for 'serious illness' for more than a year

(Newser) - The illness and death of Fiat Chrysler's fast-charging, unconventional CEO may have seemed sudden and surprising to many, but Sergio Marchionne was apparently sick for longer than anyone—even his employer—knew. That news comes to the Wall Street Journal from University Hospital Zurich, which notes Marchionne had a...

'He Saved Our Company': Fiat Chrysler CEO Dies at 66

Sergio Marchionne passed away after complications following shoulder surgery

(Newser) - "Who the hell is this guy?" was an analyst's reaction to Sergio Marchionne when the latter joined the auto industry in 2003. Fifteen years later, Marchionne has earned a description from the Wall Street Journal as "one of the last larger-than-life car-maker CEOs," though that comes...

As Cartoons Played, Monkeys Forced to Breathe Diesel Fumes

Other experiments involved humans

(Newser) - Could carmakers replace cable companies in the battle for the title of Most Reviled Industry? This news out of Germany could certainly help. The BBC reports German carmakers funded research that involved having humans and monkeys inhale diesel exhaust fumes to gauge the health impact. The research was done at...

Tesla Gets Aggressive to Meet Model 3 Demand

Elon Musk's company raising $1.5B

(Newser) - Tesla is raising $1.5 billion as it ramps up production of the Model 3 sedan , its first mass-market electric car. The company said Monday that it planned to offer senior notes due in 2025 and would use the offering's proceeds to further strengthen its balance sheet during rapid...

Toyota's New Joint Venture With Mazda: $1.6B US Factory

The move could create up to 4K jobs

(Newser) - Japanese automakers Toyota and Mazda said Friday they plan to spend $1.6 billion to set up a joint-venture auto manufacturing plant in the US—a move that will create up to 4,000 jobs. The plant will have an annual production capacity of about 300,000 vehicles and will...

Volkswagen Has Been Kicked Out of No. 1 Auto Sales Spot

Renault-Nissan is the new king of the cars

(Newser) - Results are in for the first six months of worldwide car sales, and Volkswagen has been, as CNNMoney notes, "dethroned." The German carmaker came in with about 5,155,600 vehicles sold in the first half of the year, followed by Toyota at 5,129,000. But it...

Volvo's Electric Announcement Is an Industry First

Would be first carmaker to phase out cars powered by combustion engines

(Newser) - The heart of the auto industry keeps expanding outward from Detroit, the BBC notes: first west to Silicon Valley, thanks to Tesla, and now east to China, thanks to a major move from Volvo. The Swedish carmaker, owned by the Chinese firm Geely, is poised to become the world's...

Tesla Is Now the Most Valuable US Automaker

Investors aren't put off by lack of profits

(Newser) - Tesla sent a jolt through the auto industry Monday by becoming the most valuable American automaker, overtaking General Motors, which sold more than 100 times as many cars last year. GM also made a profit of around $9 billion in 2016, while Tesla—which has had only two profitable quarters...

Toyota Not to Blame in Calif. Crash Death: Court

Fellow driver owes $10M in damages

(Newser) - A key case in Toyota's sudden-acceleration saga has been found in the car maker's favor. A jury found that Toyota wasn't to blame in the death of Noriko Uno, 66, who lost control of her 2006 Camry in a 2009 incident, Bloomberg reports. Toyota opponents held that...

Ford Hands Michigan Sliver of Good News

Automaker will hire more than expected this year, with most jobs located in the state

(Newser) - The news cycle has been a rough one for Michigan of late, which makes this announcement from Ford quite welcome. The automaker yesterday said that it would hire 800 more salaried workers than it had expected to in the US this year—and of the 3,000 total jobs, between...

Ford: We'll Add 12K Jobs Over 3 Years

2,350 jobs in 2013 for Michigan alone

(Newser) - Ford announced a three-year, $6.2 billion expansion plan today, which includes adding 12,000 jobs nationally—2,350 of those in Michigan in the next year, reports the Detroit News . A variety of Michigan car and part plants will see a $773 million infusion next year, which aims to...

Toyota Recalls 7.43M Cars
 Toyota Recalls 7.43M Cars 
Oct 10, 2012 8:13 AM CDT

Toyota Recalls 7.43M Cars

Ungreased switches sometimes caused smoke

(Newser) - Toyota Motor Corp. is recalling 7.43 million vehicles in the US, Japan, Europe, and elsewhere for a faulty power-window switch, the latest quality woe for Japan's top automaker. The recall, announced today, affects more than a dozen models produced from 2005 through 2010. The power-window switch on the...

GM to Add 1,500 Tech Jobs
 GM to Add 1,500 Tech Jobs 
Oct 8, 2012 5:25 PM CDT

GM to Add 1,500 Tech Jobs

Automaker has decided to stop outsourcing IT work

(Newser) - General Motors released a bit of positive jobs news today, announcing that it will be hiring 1,500 people for a new software development center in Michigan, as it reverses its longstanding trend of outsourcing its IT work overseas. The Michigan plant will be the second of four planned new...

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