Industry

American Axle & Manufacturing Holdings Inc. took a $46.3 million blow in the fourth quarter, but executives say consolidation in the internal combustion engine market and new business in EVs will benefit its balance sheet. The driveline supplier’s net loss reported Friday compares to a net income of $36 million a year prior. Fourth quarter

Lyft Inc. reported fewer riders than expected in the fourth quarter as omicron damped travel, sending the shares down about 7 percent in extended trading. But the riders that did hop in a Lyft generated higher revenue, due to a shortage of drivers and trips that were longer and had higher fares. “We have great

Uber Technologies Inc. outlined its strategy for growth and new business opportunities during its first investor day as a public company, after teasing news on a global car-sharing network and improved algorithms to keep costs low. Uber on Thursday said it expects $5 billion of adjusted earnings by fiscal 2024, signaling that the ride-hailing giant’s

Reuters Two of the world’s biggest carmakers, Ford and Toyota, say production is being disrupted by trucker protests in Canada. Plants have been forced to shut because car parts are being held up at two US border points blocked by truckers protesting against a vaccine mandate. Canada’s Transport Minister, Omar Alghabra, called it an illegal

Uber Technologies Inc. plans to outline its strategy for growth and new business opportunities when it holds its first investor day as a public company on Thursday, after teasing news on a global car-sharing network and improved algorithms to keep costs low. Company executives during a fourth-quarter earnings call on Wednesday said they would provide

When will consumers be able to own vehicles that allow them to be disengaged from the driving process and fully rely on automated systems to get them where they need to go? Some industry experts and consumers feel that concept is a “Jetsons”-style dream, while others believe it will be reality sooner rather than later.

Here are some of the technologies that are extending the life of the internal combustion engine by making it more efficient.Displacement on demand: Shuts down unneeded cylinders once a vehicle reaches highway speeds. Variable compression ratio: Enables an engine to run more efficiently based on speed and load. Nissan is the only manufacturer to offer

Not only are the ways vehicles are powered and driven changing rapidly, but how drivers and passengers interact with them is certain to change in the coming years. From technology that can monitor the health of drivers and passengers to augmented reality displays, automakers, suppliers and tech companies have signaled that the car of the

In most parts of the world, electric vehicle sales are little more than a trickle right now. Sure, Norway stands in a class of its own — 65 percent of vehicles sold there in 2021 were fully electric — but in other regions, that percentage is more likely to be the low single digits. Even

COVID-19 dealt the nascent micromobility movement a stunning blow just as the industry was accelerating. In 2019, McKinsey & Co. consultants predicted that micromobility would be a $300 billion to $500 billion market by 2030. The number of journeys made on e-scooters in the U.S., for instance, had more than doubled to 86 million in

WASHINGTON — The safety benefits of deploying more autonomous vehicles on U.S. roads must be weighed against their potential risks, a U.S. House panel said last week. While AVs have the potential to curb the “startling rise” in U.S. traffic deaths, “we must ensure that these technologies are held to the highest possible safety standards,”

A friend of mine who works in powertrain at Ford told me recently the company has just one more new engine coming. And that’s it. Ford, like most other automakers, is shifting its powertrain lineup from gasoline and diesel engines to electric motors in the coming years. Ford has greatly reduced the number of engineers

The RV industry is starting to join the race toward zero emissions. Thor Industries Inc. and Winne-bago Industries Inc. each revealed concepts for electric RVs at the Florida RV SuperShow in Tampa last month. The companies identify electrification as a priority for the next generation of motor homes and towable trailers. Thor told Shift that

DETROIT — Google is latching onto the mobility tech hub Ford Motor Co. is developing at Detroit’s long-abandoned train station in Corktown. The tech giant and the automaker are set to announce Friday that Google will provide its cloud-based technological services at Michigan Central, the new name for Ford’s mobility innovation campus centered on the

DETROIT — Ford Motor Co. is creating a new subsidiary to market and manage its mobility tech hub in downtown Detroit to make the innovation district Ford “agnostic,” a company executive told Crain’s Detroit Business, an affilaite of Automotive News. Ford has formed Michigan Central Innovation District LLC, which will manage how the Ford-owned Michigan

DETROIT — As Lincoln Motor Co. celebrates a century of ownership under Ford Motor Co., the luxury brand is preparing this year to show its first battery-electric vehicle. Lincoln last year announced plans to launch four new EVs by 2030. Automotive News has reported the first will be an electric Aviator crossover, although output has