Month: May 2022

WASHINGTON — As the auto industry endures global supply chain disruptions, including a semiconductor shortage that emerged from the COVID-19 pandemic, one trade association is hoping to avoid déjà vu. “Right now, our No. 1 public policy issue is to get passage of the competition bill that is making its way through Congress,” said Ann
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In this article .FKRX300 Drew Angerer | Getty Images News | Getty Images Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I. The investment comes alongside the automaker’s recent announcement of a plan to spend $5.54 billion
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8:57 PM ET Associated Press INDIANAPOLIS — Jimmie Johnson felt comfortable from his very first laps of Indianapolis 500 preparation. The seven-time NASCAR champion knows his way around The Brickyard — he won at Indianapolis Motor Speedway four times in a stock car — so not even a brush with the wall in an Indy
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Car enthusiasts arriving at the Electrify Expo festival next month in Long Beach, Calif., will find familiar products from the likes of Hyundai, Toyota, Volvo and about a half-dozen other automakers. They’ll also find much more. From electric unicycles to conventional e-bikes, electric motorcycles to electric boats, the event boasts electric mobility options of every
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Mercedes-Benz’s new, more luxury-focused MMA entry-level platform will launch in 2024 with an all-electric model in 2024, the company said. The “electric first” platform, which can also accept internal-combustion engines, will debut a new generation of technology and set the standard for future Mercedes architectures to come, CEO Ola Kallenius said.  Mercedes briefly showed a silhouette
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6:04 PM ET Associated Press INDIANAPOLIS — Rain held off long enough on Saturday to complete the first round of qualifying for the Indianapolis 500 on a soupy day that still produced eye-popping speeds not seen in 26 years at Indianapolis Motor Speedway. Rinus VeeKay and Pato O’Ward, a pair of young new stars, posted
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Supplier American Axle & Manufacturing Holdings Inc. is exploring a potential sale, people familiar with the matter told Bloomberg. The company has hired an adviser to help with the process, the people said, asking not to be identified discussing private information. A leveraged buyout through a private equity firm is a likely option, one person
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