Skoda may exit China amid intense competition from local brands in the world’s biggest market. “We will look together with our Chinese joint venture partner at how we want to continue there,” Skoda CEO Klaus Zellmer told Automotive News Europe sister publication Automobilwoche. Skoda’s withdrawal from China would allow parent Volkswagen Group to concentrate its
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Self-driving technology is mired in a slump. Argo AI, one of the leading companies developing robotaxis, closed in October. Some companies have been battered in public markets, bringing the specter of a delisting from stock exchanges. Two substantial crashes renewed concerns about overall safety in 2022. Some companies see a path through this Trough of
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INGERSOLL, Ontario — As General Motors rolls out a number of high-profile electric vehicles in 2023, including a battery-powered Chevrolet Silverado and GMC Hummer SUV, it’s also starting full-scale production of a much lesser-known EV that is key to achieving its financial goals. GM will begin producing the BrightDrop Zevo 600 electric delivery van on
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HIROSHIMA, Japan — CEO Akira Marumoto is steering longtime internal combustion stalwart Mazda Motor Corp. through a delicate shift into the age of electrification. Marumoto previewed the transition last month in a three-phrase business plan running through 2030. Using that road map, Mazda will plow ¥1.5 trillion ($11.07 billion) into electrification with a string of
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Kodiak Robotics truck in front of an IKEA store. Source: Kodiak Robotics Self-driving truck startup Kodiak Robotics said Tuesday that it won a two-year, $49.9 million contract from the U.S. Department of Defense to help develop automated combat vehicles for the U.S. Army. The company said the vehicles will be tailored for reconnaissance, surveillance and
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