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Intel Corp. has filed for an initial public offering of its self-driving technology business, Mobileye Global Inc., braving the worst market for new U.S. listings since the financial crisis more than a decade ago.

The company didn’t disclose terms of the planned share sale in its filing Friday with the U.S. Securities and Exchange Commission. Mobileye will continue to be controlled by Intel after the IPO, according to the filing.

Intel expects the IPO to value Mobileye at as much as $30 billion, less than originally hoped, Bloomberg News reported this month.

If the listing goes ahead this year, it would be one of the biggest U.S. offerings of 2022. Currently, only two companies have raised $1 billion or more on New York exchanges since Jan. 1, compared with 45 in 2021. This year, the U.S. share of IPOs has shrunk to less then a seventh of the global total from half in 2021.

Mobileye would also be following in the tracks of Porsche's market-defyin…

Implement the service strategies of thriving, profitable dealers. Despite supply chain concerns, dealerships are succeeding by accelerating digital adoption and utilizing their data insights:  Review past service records for potential acquisition opportunities Buy from customers with repair-prone vehicles Bring your sales team into the service loop to seek out in-demand vehicles Flag declined service recommendations for service-weary customers Create a dealership-wide plan to ensure marketing, sales, and service, and operations are all in sync Download our guide to learn more about these service strategies and overcome your inventory challenges.

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Nearly 150 different plug-in vehicles are on their way to U.S. dealerships now through 2026. That's in addition to a number of battery-electric offerings automakers already have rolled out this year.

At the moment, electric vehicles are still a small fraction of total sales, but that's certain to grow rapidly as they start to make up more of dealership inventories in 2023 and beyond. Several brands now intend to go fully electric later this decade, while others are still years away from introducing their first EV.

Here's a chronological look at the battery EVs and plug-in hybrids that Automotive News has reported are on the way. Prices listed include shipping.

BMW i7: The all-electric version of the 7 Series sedan features dual motors that deliver a combined 536 hp and an EPA-estimated range of up to 307 miles.

Mercedes EQE sedan: The battery-electric midsize sedan is based on the EVA2 pl…

U.S. light-vehicle sales remain in low gear as the third quarter winds down, while slumping consumer sentiment threatens a further downshift.

Cox Automotive on Wednesday, Sept. 28, cut its full-year new-vehicle sales outlook to 13.7 million — down more than 9 percent from 2021 and the industry's lowest tally in a decade.

It's the third time this year Cox has lowered its sales forecast, which initially stood at 16 million vehicles.

Most automakers are expected to release third-quarter U.S. sales results early this week.

Charlie Chesbrough, Cox Automotive senior economist, said COVID-related production disruptions and the war in Ukraine scuttled the anticipated improvement in inventories at the start of the year.

Now the industry faces a new wrinkle.

"It seems likely that much of the pent-up demand from limited supply is quickly disappearing as high interest rates eat away at vehicle buyers' willi…

LOUISVILLE, Ky. — The Detroit 3 are pushing rapidly toward an electric future for their light-duty pickups, but it's a different story for the biggest trucks in their lineups.

Heavy-duty pickups are among the few vehicles still seeing big investments toward development of more powerful gasoline and diesel engines. Although the segment isn't huge, the money at stake is. Ford Motor Co. says it gets more revenue from Super Duty sales alone than Southwest Airlines, Marriott International and many other Fortune 500 companies generate.

These big trucks are high-margin profit machines that will be key to funding automakers' electric ambitions, but executives say they'll likely be among the last vehicles in the industry to get battery power — if they ever do.

"If you're pulling 10,000 pounds, an electric truck is not the right solution. And 95 percent of our customers tow more than 10,000 pounds," Ford Motor Co. CEO Jim Farley told media at the Churchill Downs…

Tesla Inc. announced lower-than-expected electric vehicle deliveries in the third quarter, as logistical challenges overshadowed its record deliveries.

The EV maker said in a Sunday statement that "it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost," but some analysts were also concerned about demand for high-ticket items due to the weakening global economy.

"The economy around the edges is still having a negative impact for Tesla that's mostly logistical. But that I think there is some demand (issues) sprinkled in there," Wedbush Securities analyst Dan Ives told Reuters after the delivery results.

"There is a dark cloud over the auto sector. And Tesla is not immune."

Ford Motor Co. said last month inflation-related costs would be $1 billion more than expected in the third quarter and that parts shortages had delayed deliveries.

Apple Inc. is backing off plans to increase production o…

LAS VEGAS — Ambitious targets for electric vehicle sales — in California or nationwide — will be hard to achieve by 2030 or 2035, Akio Toyoda told reporters here last week.

Regarding California's mandate that will ban the sale of gasoline-burning vehicles by 2035, the Toyota Motor Corp. CEO said: "Realistically speaking, it seems rather difficult to really achieve that."

He added that a national goal of 50 percent zero-emission vehicles by 2030 would be "very difficult."

As a global automaker serving 200 countries, Toyota must take into account the wide variety of conditions in those various markets, including the needs of the 1 billion or so people who don't have reliable access to electricity. Through a translator, he cautioned that regulations "tend to narrow the options available for solutions toward carbon neutrality."

Longer term, he sees hydrogen combustion as a compelling offering. In the short term, hybrids may provide the greatest good…

See the changing industry from the auction lane

For another perspective on the evolution of the auto industry, let's look at what's happening at wholesale auctions.

In this week's issue, we not only examine how traditional auction companies are seeing a complex downswing in volume, but also how they're pivoting to keep in stride with dealers' evolving acquisition habits and with a swirl of announcements from automakers about new vehicle production and concepts.

On Page 1, I lay out the amalgam of shifts that have reshaped the auction industry. You'll read about how COVID-19 and the resulting slowdown in production of new cars and trucks disrupted typical volume flows at auctions, to this day making some types of highly sought inventory hard to come by.

Conditions have even led some dealers to cut back on their buying in physical auction lanes in favor of purchasing of used vehicles directly from consumers.

Changes in dealer appetites acco…

The co-founder and partner of the transportation-focused venture capital firm discusses investing amid uncertainty, how the Motor City will evolve in the transition to EVs, and the accelerating bifurcation of worldwide supply chains.

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U.S. sales at Kia and Genesis rose in September as the auto industry's inventory woes continued to ease, though growing economic challenges threaten what was supposed to be a more robust second-half rebound as the industry enters the fourth quarter.

Volume last month rose 6.4 percent to 56,270 at Kia, setting a September record for the automaker. It was the company's second consecutive monthly gain year over year. The automaker continues to benefit from an expanded crossover linup and new electric vehicles.

“Building upon record September and third-quarter sales, we’re optimistic that Kia will see a strong fourth quarter as well,” Eric Watson, vice president of sales operations at Kia America, said in a statement.

Genesis on Saturday reported September sales of 4,907, a gain of 0.8 percent over 4,867 deliveries a year earlier. Hyundai Group's upstart luxury brand has now posted year-over-year sales growth 22 straight months, with year-to-date deliv…

SAN FRANCISCO -- Tesla Inc. CEO Elon Musk showed off on Friday a prototype of its humanoid robot "Optimus," predicting the electric vehicle maker would be able to produce millions and sell them for under $20,000 -- less than a third of the price of a Model Y.

Musk said he expected Tesla would be ready to take orders for the robot in three to five years, and described an effort to develop the product over a decade or more, the most detailed vision he has provided to date on a business he has said could be bigger than Tesla's EV revenue.

Tesla's push to design and build mass-market robots that would also be tested by working jobs in its factories sets it apart from other manufacturers that have experimented with humanoid robots.

The eagerly awaited reveal of prototype robots at Tesla's office in Palo Alto, Calif., was also part of what Musk has described as an effort to have Tesla seen as a leader in fields like artificial intelligence, not just a company…

Amid growing buyer concerns over battery costs, some wholesale auction companies are reworking their vehicle condition reports to better disclose battery health on used electric and plug-in hybrid vehicles.

ADESA Inc. is one of the latest to take that step as part of its plan to gear up for the substantial numbers of EVs expected in the wholesale market in the coming years. The auction provider in early September announced a partnership with Recurrent, an EV battery and range analytics company, to add a feature on condition reports that more clearly shows potential buyers an EV's battery status in the form of what ADESA is calling a Range Score.

During the inspection process, Recurrent's software analyzes a vehicle's history and battery data and then generates a battery health score from 0 to 100. That number is displayed on the vehicle's condition report on adesa.com along with a Range Score badge. A potential buyer can click on the badge to see more informat…