Velodyne Lidar CEO to step down after about a year on the job
The lidar supplier will be led by several members of the senior leadership team while it searches for a successor.
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VW to drop Passat in U.S. after ’22
VW said ending the Passat will allow its Chattanooga plant flexibility to boost sales of its other products, the Atlas and Atlas Cross Sport crossovers, as well as the launch of the ID4 EV there next year.
AutoNation Q2 revenue sets all-time high; net income soars
The retailer’s net income jumped in the second quarter on record revenue generated by surges in new- and used-vehicle sales and higher margins.
Brembo to open high-tech lab in Silicon Valley
The supplier’s “Inspiration Lab” will focus on strengthening the company’s expertise in software development, data science and artificial intelligence.
Olympic sponsor Toyota to skip TV commercials amid lackluster support in Japan
Toyota President Akio Toyoda and other executives will not attend the opening ceremony.
Ghosn’s American escape helpers sentenced to jail in Japan
The American father-son team that spirited former Renault-Nissan boss Carlos Ghosn out of Japan inside a box were sentenced to years in a Japanese prison after a judge rejected their pleas for leniency.
Ram EV will build on core message of capability
The arrival of an electric 1500 in 2024 won’t require much of a tweak on the marketing side.
Toyota accelerates automated-driving push
The automaker’s planned purchase of Carmera is the latest move in its bid to speed up its entry.
Tesla launches subscription service for advanced driver assistance software
Tesla currently charges $10,000 for semi-automated driving features such as lane changing and parking assistance.
Infiniti will rely on influencers to launch its QX60
To launch its make-or-break next-gen QX60, Infiniti wants to talk star power instead of horsepower.