Apple's $10 Billion 'Project Titan' Automotive Dream Derailed
Apple has called it quits on its ambitious Apple car project, known internally as 'Project Titan', reallocating its 2000-strong workforce.
Apple Hits Pause on Electric Car Project
Apple has decided to pump the brakes on its electric car project, a move that could positively impact its stock performance, according to a report by Morgan Stanley.
UAW's Wage Demands: A Closer Look at CEO Pay Raises
The United Auto Workers (UAW) union has been using CEO pay increases as a central argument in their negotiations with Detroit's three major automakers.
Global semiconductor shortages rattled the automotive industry last year
Semiconductors are used in a wide variety of electronic components in modern vehicles, including engine control units, infotainment systems, and safety features such as airbags and anti-lock brakes.
EVs were the big winners at the 2023 North American Car, Truck, and Utility of the Year awards
With fifty judges from the United States and Canada’s auto journalism sector, the finalists were chosen due to innovation, design, safety, handling, driver satisfaction, user experience, and value.
Chinese EV auto industry leader is pivoting to shipping
BYD, a Chinese electric vehicle manufacturer, has ordered several car carriers to transport their products across the oceans on their own equipment.
Automotive industry shift to EVs sparks massive domestic factory push
Approximately $33 billion was pledged for new factory development in the automotive sector in the first eleven months of 2022, according to the Wall Street Journal.
Biden’s Inflation Reduction Act could spoil Hyundai’s hot streak in America
With the expectation of capturing approximately 11% of new vehicle sales in the country, Hyundai is having a breakout year.
Self-driving trucks are being held back by growing concerns over AI startups
Investors and corporations are being more “careful” than ever as economic conditions worsen and fully autonomous commercial cars are being called into question.
Geopolitical tensions are making German automakers nervous
Decades ago, the likes of BMW, Volkswagen, and Mercedes-Benz bet it all on China, now selling more vehicles in China than in any other market and building dozens of factories in the country.
Beemers are hopping on the EV train
BMW Motors, the German automaker, is investing $1.7 billion in its United States operations in order to expand electric vehicle production in the country.
Mondial de l’Automobile debuts some of Europe’s newest EV models
Carmakers showed off the best and brightest electric vehicles at the Paris auto show this week, otherwise known as the Mondial de l’Automobile.
Volkswagen CEO advocates for outside assistance for full-scale EV implementation
Volkswagen is making moves.