Ford Profit Surges on Strong Revenue in Q2
DETROIT — Ford’s second-quarter profit more than tripled to $1.92 billion versus a year ago on strong internal combustion and commercial vehicle sales, but losses grew in the EV business.
Seven Automakers Unite to Build EV Charging Network
Seven major automakers are joining forces to build an electric vehicle charging network that would rival Tesla’s and nearly double the number of fast-charging plugs in North America.
General Motors Q2 Earnings Rise 52% on Strong Sales, Prices
DETROIT — Despite taking on a huge chunk of an expensive electric vehicle recall, General Motors posted $2.54 billion in second-quarter net income, a 52% increase over a year ago.
UAW Strike Threats Heat Up Before Detroit Negotiations Begin
Besides the usual haggling over wages, pensions and health care, the UAW union ahead of negotiations with Detroit automakers has set its sights on securing a foothold in the EV industry.
NHTSA Looking Into Details on Tesla’s Self-Driving Changes
U.S. automobile safety regulators at the NHTSA are zeroing in on changes that Tesla has made to its Autopilot partially automated driving system.
SAE International Plans to Standardize Tesla’s EV Chargers
A key U.S. automotive industry organization says it will set performance standards for Tesla’s electric vehicle charging cords in another move toward using the Tesla plug on all EVs.
Company Can’t Guarantee Air Bag Inflators Won’t Explode
DETROIT — A company that makes air bag inflators that have exploded in eight incidents argued that it can’t say for sure whether its inflators might cause further such incidents.
NHTSA Turns Up Pressure on Air Bag Inflator Company
DETROIT — The U.S. government is turning up the pressure on ARC Automotive to recall 67 million potentially dangerous air bag inflators.
Ford EV Owners to Get Access to Tesla Supercharger Network
DETROIT — All of Ford Motor Co.’s current and future electric vehicles will have access to about 12,000 Tesla Supercharger stations in the U.S. and Canada starting next spring.
Average Age of Passenger Vehicles Hits Record High
Americans are keeping their cars longer than ever: The average age of a passenger vehicle on the road hit a record 12.5 years this year, according to data gathered by S&P Global Mobility.