Industry

The marriage between special-purpose acquisition companies and clean-tech vehicle startups is on the rocks as regulators push for detail on the one thing most of them lack: a solid business. Stocks of electric-mobility companies such as Nikola Corp., Lordstown Motors Corp. and Romeo Power Inc. that went public by merging with SPACs are down at
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ANN ARBOR, Mich. — On a recent Friday afternoon, a delivery robot made its way along a crowded sidewalk on State Street. It made an abrupt stop in front of Amer’s Deli, spun itself 90 degrees and backed into a parking space with the precise movements of a Revolutionary War soldier. Some passersby were taken
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Volkswagen Group’s ambitions in highly automated and autonomous vehicles have been cooled by setbacks. Those included premium subsidiary Audi abandoning plans to turn on Level 3 conditional autonomy in the A8 flagship sedan and the group’s inability to create a standard for the technology together with partners. In addition, rivals such as Tesla, Honda, Mercedes-Benz
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The pace of auto industry change has become more exponential than linear, said Swamy Kotagiri, CEO of Magna International. And keeping up with it now requires a comprehensive product portfolio, partnerships and alliances — but also agility, Kotagiri said during an Automotive News Congress Conversations webcast last week. Kotagiri, who took the helm of the
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Out of 15 companies developing automated driving systems, Waymo is in the lead, while Tesla comes in last, according to the latest leaderboard report from consulting company Guidehouse Insights. The report, released last week, evaluated the companies and categorized them as leaders, contenders, challengers or followers. Leaders scored 75 or above in strategy and execution,
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Concerns are growing over the auto industry’s reliance on an overseas supply chain for the raw materials needed to make the lithium ion batteries powering America’s electric transportation future. Clarios, a longtime battery supplier, says policymakers and industry executives should not overlook a homegrown solution. Recycling could provide the materials needed to fill a substantial
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AFP/Getty Images Production at Oxford’s Mini plant will be suspended for three working days due a shortage of computer chips. BMW said its Cowley factory will not manufacture cars on Friday or on Tuesday and Wednesday after the bank holiday weekend. A spokeswoman said the company had taken steps to minimise further disruption and was
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Luminar Technologies has embarked on its first foray beyond the automotive realm. The lidar supplier said Monday it has entered a partnership with Airbus UpNext, the future-looking subsidiary of the aviation giant that tests and evaluates new technologies. Working together, the companies will develop lidar sensors that can augment the sensing capabilities of both traditional
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The push to widen the adoption of electric vehicles in the U.S. is driving the conversion of utility poles and streetlights into EV charging destinations. Installing streetlight and pole- mounted stations is part of a growing movement to create more curbside EV charging options in urban areas. The idea is to enhance the feasibility of
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Would you mind terribly if I tapped the regenerative brakes a minute on the industry’s downhill run to an all-electric future? We’re speeding up in exactly the wrong direction, and without a slight course correction, we’re going to wind up on one of those runaway truck ramps with our wheels buried up to the axles
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Volvo has signed an agreement to provide cars to the autonomous driving technology unit of China’s top ride-hailing firm, Didi Chuxing, for its self-driving test fleet. Volvo will provide XC90 crossovers equipped with backup steering and braking systems that DiDi Autonomous Driving will integrate with DiDi Gemini, its new self-driving hardware platform, the automaker said
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TOKYO — Beyond its sleek space shuttle-like profile and minimalistic, Apple-gadget design aura, Hyundai’s new Staria people mover offers a peek at the automaker’s future. The van also captures Hyundai’s strategy for repositioning itself as a “smart mobility solution provider” for an era of ride-sharing, on-the-go workspaces, eco- delivery models and a whole new segment
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DETROIT — Ford Motor Co.’s upcoming hands-free driver-assist system has a new name: BlueCruise. Previously referred to as Active Drive Assist, the feature will go live in the third quarter on Ford’s Mustang Mach-E crossover and F-150 pickup. Ford said Wednesday that BlueCruise software, activated through an over-the-air-update, will cost $600 for a three-year subscription,
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SEOUL — Hyundai Motor Group said Friday it has formed a new mobility division to launch more service models and named an outsider as its chief following his tenure with global tech giants such as Apple Inc and Microsoft. Song Chang-hyeon will lead the newly established Transportation-as-a-Service division, which will oversee mobility business for Hyundai
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