Automotive Industry News

A collection of Automotive latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.

financialpost.com - Reuters - Ottawa says proposed U.S. EV tax credit could harm auto industry
Ottawa says proposed U.S. EV tax credit could harm auto industry
financialpost

WASHINGTON/OTTAWA — The Canadian government on Friday warned that U.S. proposals to create new electric vehicle tax credits for American-built vehicles could harm the North American auto industry and fall foul of trade agreements, according…

forbes.com - Ed Garsten - MotoRefi Announces Auto Loan Re-Finance/Insurance Bundling
MotoRefi Announces Auto Loan Re-Finance/Insurance Bundling
Forbes

The insurance industry is all about convincing customers to bundle their policies putting all their coverage in the hands of one carrier. Now MotoRefi is shaking up that long-standing practice by offering a new option—bundling insurance with…

medium.com - Al Sutton - Snapp Automotive announces MyScript as their preferred partner for Android Automotive OS…
Snapp Automotive announces MyScript as their preferred partner for Android Automotive OS…
Medium

Munich, Germany — October 25th 2021 Snapp Automotive today announced that, after successfully integrating and testing MyScript's handwriting technology as part of Android Automotive OS (AAOS), they are selecting MyScript as their preferred…

theverge.com - Kim Lyons - Zoom now has auto-generated captions available for free accounts
Zoom now has auto-generated captions available for free accounts
The Verge

Zoom is following through on its promise to add auto-generated closed captions to all free Zoom meetings accounts to make its service more accessible, the company announced Monday. The captions are only available in English, but the company says it…

biztimes.com - Arthur Thomas - Strattec CEO says long-term view helps in navigating automotive industry rollercoaster
Strattec CEO says long-term view helps in navigating automotive industry rollercoaster
BizTimes - Milwaukee Business News

Strattec Security Corp., like most automotive suppliers, has been on quite the rollercoaster since the onset of the COVID-19 pandemic. The Glendale-based maker of vehicle keys, locks, latches, lift gate systems and other vehicle access products…

forbes.com - Future of Automotive - Forbes Connect
Future of Automotive - Forbes Connect
Forbes

Chris Jacobs, Vice President of Marketing, Embedded Business Unit, Micron Technology As the automotive industry evolves, how will regulatory and privacy issues play a part in the future of autonomous vehicles? What are the other big hurdles to…

reuters.com - Tesla submits partial response in U.S. auto safety probe -- memo
Tesla submits partial response in U.S. auto safety probe -- memo
Reuters

WASHINGTON, Oct 25 (Reuters) - Tesla Inc has submitted a partial response to the National Highway Traffic Safety Administration's (NHTSA) information request issued as part of the agency's formal auto safety probe into the automaker's driver…

ft.com - Peter Campbell in London, Sarah White in Paris and Joe Miller in Frankfurt - European carmakers warn industry risks a repeat of chip shortage crisis
European carmakers warn industry risks a repeat of chip shortage crisis
Financial Times

European carmakers must cut their reliance on Asia for semiconductors or risk a repeat of the crisis that has led to factory shutdowns across the continent, the head of the region's auto association has warned. Volkswagen, BMW and Renault are among…

nbcnews.com - Paul A. Eisenstein - Just months after bankruptcy, Hertz says it will buy 100,000 Teslas for new electric fleet
Just months after bankruptcy, Hertz says it will buy 100,000 Teslas for new electric fleet
NBC News

With football superstar Tom Brady set to pitch the deal, Hertz plans to field 100,000 Tesla electric cars through its North American and European rental car fleets. The move will position the rental company as the largest source of electric vehicle…

ft.com - Peter Campbell in London - Britishvolt closes in on £200m in government funding for UK plant
Britishvolt closes in on £200m in government funding for UK plant
Financial Times

The start-up planning one of the UK's first gigafactories to produce electric car batteries is in advanced talks to secure at least £200m of government funding for its proposed facility in north-east England, according to three people with…

ft.com - Patrick McGee in San Francisco and Mamta Badkar in New York - Tesla hits $1tn in market value
Tesla hits $1tn in market value
Financial Times

Tesla has become the first carmaker to be valued at $1tn after rental group Hertz said it had ordered 100,000 Tesla Model 3 sedans to electrify its fleet. Tesla shares rose 9.84 per cent in mid-day trading on Monday to $998.74, bringing…

nytimes.com - Neal E. Boudette - Tesla shares surpass $1 trillion in value.
Tesla shares surpass $1 trillion in value.
The New York Times

Tesla shares vaulted to new heights on Monday, giving the electric-car maker a market capitalization of $1 trillion for the first time. The latest gain — of nearly 13 percent in the day's trading — came after Hertz announced that it…

indianexpress.com - New Delhi - In two months, spot blue and pink e-autos on Delhi's roads
In two months, spot blue and pink e-autos on Delhi's roads
The Indian Express

Within two months, blue and pink electric autos will be competing with the green and yellow CNG autos on Delhi's roads. Around 1,400 of these will be reserved for women drivers and will be pink in colour, while the others will be blue. The Delhi…

law.com - Michael A. Mora - Auto Financing Class Action Filed by Miami's Ayala Law Hops to Federal Court | Daily Business Review
Auto Financing Class Action Filed by Miami's Ayala Law Hops to Federal Court | Daily Business Review
Law.com

With this subscription you will receive unlimited access to high quality, online, on-demand premium content from well-respected faculty in the legal industry. This is perfect for attorneys licensed in multiple jurisdictions or for attorneys that…

autoremarketing.com - Auto industry leans on exposure & education to drive EV adoption
Auto industry leans on exposure & education to drive EV adoption
Auto Remarketing

CARY, N.C. - One way to combat uncertainty about electric vehicles: exposure and education. That's been the approach of at least two entities with the auto industry making efforts to connect with the public to “demystify” the EV…

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