Trade News

Vehicles can interact with other vehicles, infrastructure and pedestrians through CV2X, or cellular vehicle-to-everything technology.

One group of industry leaders is seeking to expand on the idea behind this technology by creating standards to make safer the interactions between cars and other kinds of wheels on the road: bicycles.

Michigan-based Tome Software, bicycle company Trek, Ford Motor Co. — which owns e-scooter company Spin — and other partners have been collaborating on B2V, or bicycle-to-vehicle, guidelines to help vehicles communicate with bikes, scooters and roadside infrastructure related to cycling.

It's an important collaboration considering the number of vulnerable road users, such as cyclists, pedestrians and scooter riders. It's also timely given the increased interest in bike and scooter ridership since the onset of the pandemic last spring, said Eric Bjorling, brand marketing director at Trek.

"What you'll see post-COVID is…

Despite years of development, mergers, partnerships, startups and stall outs, digital auto retailing software hadn't truly been tested in the U.S. until a deadly virus forced radical changes in how people purchase vehicles.

As COVID-19 cases surged nationwide last year and government mandates shuttered dealership showrooms, software giants and startups alike realized dealership clients needed more from their products than they had to offer — a way for customers to completely purchase a vehicle online.

For dealers scrambling to remake how they sold cars, the end-to-end digital retailing race had many front-runners, but no clear winners.

"Like every other dealer back in April and May, we called everybody," said John Altman, COO of Beyer Auto Group in northern Virginia. "We decided that we didn't like any of them. None of them really had a good solution, like they'd really gotten there yet."

So many retail technology vendors hit th…

LOS ANGELES — Honda's Ridgeline has long been odd truck out in the growing midsize pickup segment.

It is based on a front-wheel-drive unibody crossover. Its crew-cab looks are angular and soft. And for a small truck, it is remarkably roomy and fun to drive, thanks to its car-based platform.

But America's pickup buyers vote with their wallets for tall, chunky and relatively cramped rear-wheel-drive competitors with body-on-frame architecture and a bouncy ride. Exhibit A is the Toyota Tacoma, with sales of 238,806 last year for the top spot in the category.

For 2021, Honda will try to split the difference, introducing a midcycle exterior design freshen that moves the product closer to its better-selling competitors.

The Ridgeline going on sale this week has new sheet metal from the front roof pillars forward, a flatter hood, squared nose and upright grille.

To burnish its truck credentials, it will also com…

General Motors CEO Mary Barra just stomped on the electric-vehicle accelerator pedal. Call it the Biden effect.

Six months ago the automaker backed the Trump administration in a legal battle that could have neutered California’s longstanding right to set its own tougher carbon-emission rules. About two weeks after Trump lost, GM withdrew from that fight and two weeks after he left office, it pledged to match the state’s mandate to sell only electric vehicles starting in 2035 -- and do that all across the U.S.

Why the 180? Barra is getting a jump on President Joe Biden’s policies, which are expected to help GM and its rivals build and sell more EVs in the U.S. He wants to restore the $7,500 tax incentives that companies including GM and Tesla Inc. exhausted under Trump’s watch, and Biden plans to build 500,000 charging stations across the country. That could make EVs more affordable and ease concerns of would-be buyers about battery-powered cars’ driving range.…

Growth in auto-dimming mirror unit shipments and a strong mix of products with advanced features helped supplier Gentex Corp. post a 44 percent jump in fourth-quarter net income.

The company, which released its financial results Friday, also said it benefited from cost reductions implemented over the year.

The Zeeland, Mich., supplier of digital vision, connected car, dimmable glass and fire protection products posted net income of $143.3 million for the fourth quarter, a company quarterly record, compared with $99.5 million in the year-earlier period.

Net sales for the quarter also broke a company quarterly record with $529.9 million, a 19 percent increase from a year earlier. During the quarter, Gentex paid down the remaining $25 million balance of its short-term debt.

As one of the earlier suppliers to report quarterly results, Gentex is often viewed as a bellwether for global suppliers.

"When you combine this level of financial perform…

BMW's most powerful production vehicle will roar into U.S. stores in the second half of 2021.

The limited-production BMW M5 CS sedan starts at $142,995, including shipping. BMW declined to disclose how many units of the track-tuned car would be built but noted output is limited to the 2022 model year.

The new model is based on the 5 Series, a stalwart in BMW's sedan lineup. With 26,785 deliveries last year, the 5 Series was the second-bestselling BMW sedan in the U.S., after the 3 Series.

The M version received an update in August that features new front and rear styling and a larger 12.3-inch touch screen information display.

Adding a special edition series late in a model cycle generates marketing buzz for the 5-year-old 5 Series platform and could boost sales on a profitable nameplate.

The BMW M5 CS delivers extreme performance while offering some of the utility of a four-passenger car.

It is powered by a 4.4-liter M TwinPower …

Biden administration officials have called an ad-hoc meeting next week with Taiwan government and industry officials, during which they’re expected to pressure Taiwan Semiconductor Manufacturing Co. and its peers to ramp up the supply of vital chips to American automakers.

The virtual conference scheduled for Thursday would be the most high-profile meeting between newly appointed Biden administration officials and their counterparts from Taipei. Deputy Assistant Secretary of State Matt Murray and Acting Deputy Assistant Secretary of Commerce Richard Steffens are scheduled to confer with Taiwan Minister of Economic Affairs Wang Mei-hua, people familiar with the matter said. Executives from the island’s largest chipmakers including TSMC and MediaTek Inc. will also attend a discussion centered on resolving a global shortage of auto chips, they said.

The meeting is intended to forge closer ties between the two sides, the ministry said in a statement to Bloomberg N…

BOSTON --  A U.S. judge on Thursday rejected a last-ditch effort by two men to avoid being extradited to Japan to face charges they helped former Nissan Motor Co. Chairman Carlos Ghosn flee the country.

The ruling by U.S. District Judge Indira Talwani in Boston cleared the way for U.S. Army Special Forces veteran Michael Taylor and his son, Peter Taylor, to be handed over to Japan, after the U.S. State Department approved their extradition.

The Taylors' lawyers had argued they could not be prosecuted in Japan for helping someone "bail jump" and that, if extradited, they faced the prospect relentless interrogations and torture.

Ghosn in a court filing sought to support their claim, arguing he faced prolonged detention, mental torture and intimidation in Japan and the Taylors would face "similar or worse conditions."

But Talwani said that "although the prison conditions in Japan may be deplorable," that was not enough to bar extradition and th…

SEOUL/SAN FRANCISCO -- Executives at Hyundai Motor Group are divided over a potential tie-up with Apple, with some raising concerns about becoming a contract manufacturer for the U.S. tech giant, dimming the outlook for a deal.

Hyundai said earlier this month it was in preliminary talks with Apple but gave no details. Local media said the companies were discussing an electric car and battery tie-up.

Hyundai and Apple both declined to comment for this story.

Apple has never acknowledged talks with the automaker about building vehicles, and it was unclear whether any such talks are still active. The iPhone maker typically insists on strict secrecy from its potential partners and suppliers about future plans or unreleased products.

In an earnings call on Tuesday in which it reported its best quarterly profit in over three years, Hyundai did not give any updates on talks with Apple or indicate whether they remain active.

"We are agonizing over…

TOKYO -- Woven Planet, Toyota Motor Corp.'s high-tech spinoff, has established a $800 million investment fund to cherry pick up-and-coming technology companies around the world.

The fund, named Woven Capital, was outlined Jan. 29 in a kickoff event for the Woven Planet venture that included an overview of the new company's upcoming products and strategies. Among the announcements was the Feb. 23 groundbreaking for its Woven City town of tomorrow.

James Kuffner, the American CEO of Woven Capital and a director at Toyota Motor, outlined the company's ambitions in an online briefing from Woven's headquarters in downtown Tokyo.

The creation of Woven Planet was announced last year as a holding company to subsume the subsidiary that handles Toyota's automated driving development, Toyota Research Institute - Advanced Development, or TRI-AD.

The entity now oversees two new companies, Woven Core and Woven Alpha.

Woven Core focuses on automated driving.<…