"We are currently valued at $7 billion. The difference between us and Rivian and Lucid is that we won't be in production for another year. If we hit our targets, I expect to see similar success."
Rivian's soaring stock price pulled almost all companies in the EV sector higher Thursday.
Rivian, the startup electric truck manufacturer, rolled out one of the biggest initial public offerings in years Wednesday, raising nearly $12 billion and valuing the company at more than $77 billion.
The cars Mazda has in the works know when drivers have a stroke or heart attack.
Toyota, which has a plant in Troy, plans a new $1.29 billion factory to produce batteries for gas-electric hybrid and fully electric vehicles.
The company is in line to receive up to $49.5 million in state tax breaks through the EDGE, or Economic Development for a Growing Economy, program. No incentives have been paid out yet, a spokeswoman for the Illinois Department of Commerce and Economic Opportunity confirmed.
Tesla should address “basic safety issues” before it expands its “full self-driving” (FSD) mode. This is according to the chair of the Nationa…
Car shoppers are buying crossovers and SUVs in large numbers. Automakers are constantly introducing new models and nameplates to their lineups…
Nearly three years later, former Nissan executive Greg Kelly is still wondering why the questions that led to his arrest and trial in Japan we…
The U.S. arm of Stellantis, formerly known as Fiat Chrysler, said Friday it was cutting one of the two work shifts at its Belvidere Assembly Plant as of July 26. That could result in the layoffs of 1,641 workers, company spokeswoman Jodi Tinson said.
In a wide-ranging keynote presentation that addressed everything from the practical to the fantastical — a single-seat drone aircraft was shown in a concept video — General Motors outlined its plans to accelerate the production of electric vehicles across a full spectrum of brands.
Automakers have been racing to catch up with Tesla when it comes to large, splashy infotainment touchscreens. With the CES launch of its new MBUX Hyperscreen, a 56-inch digital display stretched across the entire dashboard without any dials or buttons, Mercedes has firmly set a new standard.
The automaker behind brands such as Jeep, Dodge and Ram revealed new additions to its Uconnect Market services and the Uconnect 5 infotainment system. For instance, in one of the most topical announcements at CES, drivers will now be able to place Grubhub orders for contactless pickup through the Uconnect Market.
In an era when most Americans have become truck drivers, the Genesis is a reassuring nod to tradition — a full-size luxury sedan that’s comfortable, quiet, capable and possessing a unique air equal to its station. It’s the type of car that American automakers once built but no longer do. Thankfully, Genesis does, even if Detroit won’t. $72,950
Some environmental advocates have said that because we are barreling toward catastrophe, Biden should invoke emergency authority to address climate change. This step would be bold — quite possibly bolder than Biden is willing to be — and it would carry major rewards and risks.
It’s not just about miles: If you don’t drive your car a lot, your oil still needs to be kept fresh. Even if you drive fewer miles each year than your automaker suggests changing the oil (say, 6,000 miles, with suggested oil-change intervals at 7,500 miles), you should still be getting that oil changed twice a year.
Building cars during the COVID-19 pandemic requires more than keeping workers in auto plants safe. Hundreds of supplier plants must stay safe too.
This is one of the latest technologies to start appearing in cars. BMW, Subaru and other automakers have installed cameras and sensors inside vehicles that use facial recognition technology to identify signs of driver distraction or fatigue. Some can measure head and eye movements to make sure your eyes are up and on the road ahead. The car will then notify you to pay more attention if necessary.
TRUMP: “Ford, General Motors and Tesla are being given the go ahead to make ventilators and other metal products, FAST! @fema Go for it auto execs, lets see how good you are?” — tweet Sunday.
The automaker released its ad early, but it still drew fans during the game. Boston-affiliated celebrities including actor Chris Evans, John Krasinski, Saturday Night Live alum Rachel Dratch and former Boston Red Sox player David Ortiz discussed a Hyundai feature that lets car owners park remotely with exaggerated accents that make “Smart Park” sound like “smaht pahk.”