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Ford Downsizes Plan for Michigan Battery Factory, Citing Slower EV Demand

The automaker restarts work on the plant, which will use tech from China’s CATL.

Mike Colias

15 hours ago

3 min read

A Cruise autonomous taxi in San Francisco, California, US, on Thursday Aug. 10, 2023. California regulators are poised to decide whether two rival robotaxi services can provide around-the-clock rides throughout San Francisco, despite escalating fears about recurring incidents that have caused the driverless vehicles to block traffic or imperil public safety, reported the AP. Photographer: David Paul Morris/Bloomberg Published Credit: David Paul Morris/Bloomberg News

GM’s Driverless Taxis Need to Slow Down

A more cautious approach can rebuild trust, but will also threaten the commercial promise that kept robotaxi venture Cruise on the road financially.

Stephen Wilmot

20 hours ago

4 min read

A Fisker Ocean electric sports utility vehicle (SUV) at the Fisker Inc. stand on the opening day of the MWC Barcelona at the Fira de Barcelona venue in Barcelona, Spain, on Monday, Feb. 28, 2022. Over 1,800 exhibitors and attendees from 183 countries will attend the annual event, which runs from Feb. 28 to March 3. Photographer: Angel Garcia/Bloomberg

EV Startup Fisker Has Lost Another Chief Accounting Officer

The resignation marks the latest setback for a company that only recently started selling its first model.

Sean McLain

November 20, 2023

4 min read

A Cruise self-driving car stalls at an intersection in the Mission District, San Francisco, CA on Tuesday, July 25, 2023.

GM’s Self-Driving Car Unit Skids Off Course

Cruise was once one of the bright spots in the tenure of GM CEO Mary Barra. Now both of its co-founders have quit and it is grappling to rebound from alarming mishaps.

Ryan Felton

Meghan Bobrowsky

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Mike Colias

November 20, 2023

11 min read

(FILES) In this file photo taken on April 24, 2007, a US flag flies near a Toyota dealership in Miami, Florida. - General Motors overtook Japanese carmaker Toyota in US automobile sales last year, according to company figures released on January 4, 2023, reclaiming the top spot on strong demand after earlier supply difficulties. (Photo by ROBERT SULLIVAN / AFP) (Photo by ROBERT SULLIVAN/AFP via Getty Images)

CFPB Orders Toyota to Pay $60 Million Over Lending Practices

Federal regulators have ordered Toyota Motor’s auto-lending arm to pay $60 million in fines and consumer redress for allegedly preventing borrowers from canceling product bundles that raised their monthly loan payments.

Dean Seal

November 20, 2023

1 min read