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Luminar lays off 20 percent of staff amid restructuring

Approximately 140 employees at lidar technology company Luminar were laid off Friday as the company pivots to an "asset light" model that includes outsourcing industrialization.

Источник: Section Page News - Automotive News | 4 May 2024, 0:36


Spy photos capture upcoming Chevrolet Corvette ZR1

Chevrolet will reveal the next-generation Corvette ZR1 this summer, promising ‘The unthinkable is coming.'

Источник: Section Page News - Automotive News | 3 May 2024, 22:19


Lucid to report Q1 earnings amid cash burn, waning EV growth

The startup produced 1,728 Air sedans in the first quarter, running behind its 2024 forecast of 9,000 vehicles. Lucid plans to launch a second model, the Gravity crossover, this year.

Источник: Section Page News - Automotive News | 3 May 2024, 20:53


Carvana set to dig back into used-car market after latest quarter, analysts say

Analysts bullish on Carvana said its Q1 results are a sign it has recovered from a two-year period of losses and cash burn that forced new focus on profitability.

Источник: Section Page News - Automotive News | 3 May 2024, 20:39


5 key takeaways from April U.S. sales reports

U.S. light-vehicle sales slipped 3.9 percent to 1.32 million last month compared with April 2023; Toyota led among the brands.

Источник: Section Page News - Automotive News | 3 May 2024, 19:26


2024 Acura ZDX born from ‘good collaboration' with General Motors, chief engineer says

Acura worked closely with General Motors to ensure that the co-developed ZDX midsize crossover reached the import brand's performance goals.

Источник: Section Page News - Automotive News | 3 May 2024, 19:10


American Axle revenue, profit climb in first quarter

American Axle & Manufacturing Holdings Inc. increased revenue and profit in the first quarter thanks to steadier production from its customers. The automotive supplier saw year-over-year revenue growth of 7 percent to $1.6 billion during the period, with adjusted earnings of $205.6 million, up 18 percent. Net income swung to a $20.5 million gain from a $5.1 million deficit in the same period last year.

Источник: Section Page News - Automotive News | 3 May 2024, 18:54


Kia EV9 GT expected to launch in January

During its CEO Investor Day last month, Kia said it would start releasing GT variants of its dedicated EVs.

Источник: Section Page News - Automotive News | 3 May 2024, 18:54


Top 5 stories of the week: Asbury looks to sell dealerships; UAW threatens Stellantis stamping plant

A quick look at the top automotive stories of the week as determined by reader interest.

Источник: Section Page News - Automotive News | 3 May 2024, 18:28


7 surprising takeaways from the Beijing auto show

The Chinese market is rapidly evolving, but it's not clear what it will end up looking like.

Источник: Section Page News - Automotive News | 3 May 2024, 17:45


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