As the first flying cabs approach production, Toyota is more than doubling down on its stake in Joby Aviation, a California-based an electric air mobility start-up that is now test flying its first production prototypes.
Paul Eisenstein
EVs, Hybrids Salvage an Otherwise Weak September for Tesla, Ford, GM, Other Automakers
Tesla posted a modest upturn in sales for the third quarter after losing ground during the first half of the year. And it wasn’t alone. EVs, PHEVs and conventional hybrids staved off what could have been a much sharper downturn for the U.S. auto industry, helping prop up major manufacturers including General Motors, Ford, Toyota and Mitsubishi.
Mercedes-AMG Sees Big Opportunities for Performance EVs
While a number of automakers are rethinking their plans for EVs, Mercedes remains committed to the transition to battery-electric propulsion. And that includes its high-performance division, AMG. If anything, AMG CEO Michael Schiebe is convinced buyers “will jump into that new technology” as new models come to market.
Hurricane Helene Could Trigger Another Major Semiconductor Shortage
The damage wrought by Hurricane Helene could take months to calculate but it also could be felt worldwide. The floods that roared through the mountainous western part of North Carolina devastated one town, in particular, that is known for more than just its scenic views. It’s one of the world’s largest sources of the “high-purity quartz” needed to produce semiconductors. And it could touch off another major chip shortage in the months ahead.
Used Car Buyers Beware: Hurricane Helene Could Flood Market With Water-Damaged Vehicles
Hurricane Helene delivered a record punch this past week, leaving a trail of destruction from Florida’s Big Bend to the western mountain towns of North Carolina. And the impact could be felt much further away. If past natural disasters are any indication, thousands of flood-damaged vehicles could wind up being repaired just enough to put them out on the used car market. And unsuspecting buyers could be in for some major problems.
McLaren’s W1 Will Be the Modern Reincarnation of the Legendary P1
Confirming long-standing rumors, McLaren said it will introduce a new supercar on October 6 that will serve as the modern day successor to the legendary P1. Here’s what’s we know about the new McLaren W1.
Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan
Nissan showed its former CEO who’s “The Boss” as it won a battle in court ordering Carlos Ghosn to return a 121-foot yacht of that name, along with $32 million in damages. That’s the latest twist in a battle that began when the executive was arrested for alleged financial crimes in 2018.
Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat
Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.
Chrysler Voyager Returns; Adds “Budget Friendly” Option to Minivan Line-Up
Chrysler is doubling the size of its current line-up – and offering a more wallet-friendly option in the process – with the return of the Voyager minivan. The new model will start at just under $40,000 when it goes on sale late this year.
Stellantis CEO Tavares May Be on His Way Out
Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.
Congress Moves Closer to Passing AM Radio for Every Vehicle Act
A Congressional panel ay approved a new measure that would ensure all new vehicles sold in the U.S. come equipped to receive AM radio. A number of auto manufacturers have begun phasing out that band, some claiming that electric vehicles interfere with AM signals.
GM Recalling 450,000 SUVs, Pickups For Potential Brake Problem
General Motors will recall 449,671 pickups and SUVs due to faulty software that can lead to a failure of their brake fluid warning lights. The good new is that GM will use smartphone technology to make the repairs.