Trade News

Buick's next electric vehicle to be sold in China will be a crossover.

The Chinese Ministry of Industry and Information Technology published photos of the Buick Electra E5 online this week as part of a public comment period. The Electra E5 will be produced and marketed in China by General Motors' joint venture with Chinese automaker SAIC, according to reports.

The five-seat crossover is 192.6 inches long, 75 inches wide and about 66.2 inches tall, with a 116.3-inch wheelbase, according to reports. In June, Buick unveiled the Electra-X SUV concept in China, noting at the time that future production vehicles in the country would carry some of the concept's design features.

"It is common practice in China to submit potential future vehicles to governing bodies for awareness," a Buick spokesman told Automotive News in a statement. "Following the debut of the Electra-X concept SUV in June, the Electra E5 will be the first Ultium-based …

Top executives in automotive, mobility venture capital and energy focused on emerging business models, startups and innovation at the Automotive News L.A. Congress Nov. 18.

Automotive News Publisher KC Crain welcomes one of the keynote speakers, Lucid Motors CEO Peter Rawlinson.

Executive Editor Jamie Butters moderates a panel on venture capital partnerships with Angel Gambino, principal, startups at Amazon Web Services and Quin Garcia, managing director of Autotech Ventures.

Jose Muñoz, global president and COO of Hyundai Motor Co., talks about the automaker's innovation, dealer network, and products.

Automotive News Publisher KC Crain inteviews Lucid Motors CEO Peter Rawlinson.

Automotive News' Jerry Hirsch, news editor for mobility, moderates a panel on new business models and autonomous trucking with Sam Abidi, chief commercial officer of Embark; Henrik Holland, senior vice President and global head of mobility …

WASHINGTON — The Motor & Equipment Manufacturers Association said it is condensing its business structure under the MEMA umbrella and representing suppliers with two groups: MEMA Aftermarket Suppliers Group and MEMA Original Equipment Suppliers Group.

MEMA, which represents original equipment and aftermarket automotive parts suppliers in the U.S., said Friday the new brand and organizational structure will launch in January.

"Today, rapid changes are impacting our industry, and we must be more adaptive and agile to respond," MEMA CEO Bill Long said in a statement. "These industry challenges are not unique to one market segment but affect the entire membership. We must position MEMA for the future in a way that supports our vision of a growing, profitable and influential supplier community."

Over the years, MEMA expanded into four divisions: the Automotive Aftermarket Suppliers Association, Heavy Duty Manufacturers Association, Association for Sustain…

Lucid Group's first vehicle, the Air sedan, has broken records for EV range and efficiency and that's by design, said CEO Peter Rawlinson on Friday at the Automotive News Congress in Los Angeles.

Extracting more miles per battery pack will allow the California-based startup to produce more affordable vehicles in the near future and share its technology advantage with other automakers, Rawlinson said.

"Lucid's mission is not just to do EVs and jump on this EV bandwagon," said Rawlinson, who was chief engineer for the Tesla Model S a decade ago.

"Our mission is to advance the state of the art of the possible of the EV," he said in a question-and-answer session with Automotive News Publisher KC Crain.

"We've done that with ultrahigh-voltage, 920-volt architecture; faster charging, 300 miles in 21 minutes; the longest range, 520 miles; the most space in the interior for the exterior [size]; the largest frunk in the world [for a sedan]," Rawlinson sai…

A general manager and a family running a used-car store each bought their first new-vehicle dealerships while two regional auto retailers continued expansions in separate third-quarter transactions.

Here's a look at the deals involving domestic, import and luxury dealerships in Vermont, New York and Pennsylvania.

General manager buys first store, dealership group expands in Vermont

A general manager said he achieved his "American dream" and a company nearly doubled its franchised dealership count when retiring Stephan Maeder of Rutland Auto Group, formerly known as Kinney Motors, sold his three Rutland, Vt., stores to two buyers Sept. 29.

Maeder, in one transaction, sold Audi Rutland/Rutland Volkswagen and Rutland Dodge-Ram to brothers Barry and Patrick Lundgren of Lundgren Automotive Group, a family-owned business in Auburn, Mass. Rutland is east of the New York state line.

The Audi-Volkswagen store kept its name, while the Stellantis sto…

Mercedes-Benz and auto supplier Robert Bosch agreed to pay about $6 million to resolve Arizona's lawsuit over diesel advertising claims, the state said on Friday.

Under the proposed settlement, Mercedes will pay $2.8 million in consumer restitution, and each qualifying Arizona consumer will receive up to $625 per vehicle, Arizona Attorney General Mark Brnovich said. The German automaker will pay $2.7 million in penalties, and Bosch will pay $525,000 in penalties, the state said.

"Arizona demands truth in advertising to assist consumers in making the most informed decisions for themselves," Brnovich said.

Mercedes denied the allegations and made no admissions but said "with the settlement, the company takes another step toward resolution of various diesel proceedings... and avoids further costs of litigation and lengthy court actions."

In 2020, the German automaker agreed to pay $2.2 billion to resolve a U.S. government diesel emissions cheating in…

Photos of a next-generation Lincoln Nautilus for China appear to have leaked ahead of the crossover's debut there.

Images posted by the Chinese Ministry of Industry and Information show the exterior of the crossover with new styling that more closely mirrors the China-only Zephyr sedan, according to the website Ford Authority. Most notably, the Nautilus features a chrome strip across the grille, a similar design cue found on the Zephyr.

The vehicle is also expected to be slightly longer, wider and taller than the current version, according to Ford Authority, which cites specs posted by the Ministry of Industry and Information. The specs say the vehicle will feature a 2.0-liter I4 EcoBoost engine, while Ford Authority also says it's expected to include a hybrid variant.

A Lincoln spokeswoman declined to comment on the report.

"The Lincoln Nautilus plays an important role in Lincoln's global portfolio, but we are not going to speculate on future p…

General Motors said it will invest $45 million at a parts plant in Indiana to expand production of drive unit castings for the forthcoming electric versions of the Chevrolet Silverado and GMC Sierra full-size pickups.

The automaker said Friday that the investment at its aluminum die casting plant in Bedford, Ind., will add capacity to support what GM anticipates will be strong demand for the electric trucks.

The latest expansion follows an investment there of more than $51 million in 2021, which was used to support production of drive unit castings for the Silverado EV and other applications. The Bedford plant also produces electric drive unit castings for the 2022 GMC Hummer EV pickup.

"Our Bedford operation is one of the leading aluminum die casting facilities in the world and this additional investment is really an investment in the Bedford team and their commitment to excellence," Phil Kienle, GM's vice president of North America manufacturing and la…

Used-car retailer Carvana Co. is cutting 1,500 jobs, or 8 percent of its workforce, the company said on Friday, amid waning demand for used cars on the back of sky-high prices and supply shortages.

Demand for used cars has been negatively impacted by hybrid-working models and higher costs caused by rising interest rates, as consumers rethink personal mobility options to try and trim their daily expenses.

CNBC, which first reported the layoffs, cited an internal memo, that the company faced economic headwinds from higher financing costs and it "failed to accurately predict how this would all play out and the impact it would have on our business."

The weak demand has forced Carvana to sell many used cars at lower prices after having acquired them at a higher cost due to strong demand for personal transportation.

It is now faced with soaring expenses that have led to dour results in the last five quarters, raising investor concerns and sending its sh…

<!--*/ */ /*-->*/ Costly battery research in search of holy grail

Automakers and battery suppliers are in search of a vehicular holy grail — a battery chemistry for electric vehicles that sharply reduces charging times and greatly increases range while remaining cheap and easy to mass produce.

Unprecedented sums of money are being poured into battery research to find such a solution, and battery performance has improved over time as companies tinker with chemistries and packaging. But so far, that breakthrough, one that could push EVs into the mainstream once and for all, is proving elusive.

"We have hit a chemical plateau in terms of lithium battery cathode composition," said Conrad Layson, senior alternative propulsion analyst at AutoForecast Solutions LLC.

As automakers spend billions rolling out EVs and governments boost public adoption of zero-emission vehicles, finding ways to increase battery performance is becoming increasingly im…

SAN DIEGO – Carvana Co. CEO Ernie Garcia reflected Thursday on the online used-car retailer’s tough year.

“Right around this time last year, I think a number of things started to break against us, and it’s definitely been much tougher sledding since then,” Garcia acknowledged in a video teleconference Thursday at Used Car Week in San Diego.

Carvana’s tumultuous journey in 2022 highlighted by mounting financial losses and a more challenging used-car market is being closely watched. The online giant has been pressed in recent months by waning used-car demand, cash burn, a crashing stock price and regulatory challenges in several states.

One year ago, it felt like Carvana could do no wrong, Garcia said on the teleconference, but it's a different story these days.

The used market was in a good spot a year ago, and people seemed focused on Carvana’s positives, Garcia said. Today, it's the opposite — market conditions have worsened, and people are look…

Coverage of the Los Angeles Auto Show begins with Porsche unveiling its 911 Dakar. Subaru shows a new Impreza even as it gets rid of another. Polestar gets a big loan to help tackle its goals in 2023. Plus, Automotive News reporter CJ Moore joins the show from Used Car Week in San Diego.

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