Subaru of America President and COO Jeff Walters, who succeeded CEO Tom Doll on April 1, says the brand's lean inventories are starting to finally grow as production constraints ease, which can only help its retailers.
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Panasonic said it will announce the site of a new North American battery production site by March 2024.
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U.S. light-vehicle sales are forecast to rise 18 to 20 percent in May, as retail selection improves, consumer incentives rebound and automakers fill a backlog of fleet orders.
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Nvidia is a key player in the booming field of artificial intelligence, but its position in China has been complicated by U.S. sanctions, which prevent the company from selling its most advanced AI chipsets to Chinese customers.
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If the proposal is adopted, nearly all U.S. passenger cars and light trucks — those with a gross vehicle weight rating of up to 10,000 pounds — would be required to have the crash-avoidance technology.
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The three-row electric crossover's batteries will be sourced from a new Toyota factory in Liberty, N.C.
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The automaker recommends no one sit in the front passenger seat until the vehicle is inspected and a repair is completed.
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Tesla Inc.'s Elon Musk met more government officials on the second day of his trip to China, having opened his first visit since before the pandemic by emphasizing the importance of maintaining ties with the nation.
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The premium midsize crossover beat the Toyota Corolla for the title with 267,171 Model Ys sold in the first quarter.
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Mamadou Diallo, American Honda Co.'s senior vice president of auto sales, says Honda is on track to hit sales of 1.2 million in 2023 and Acura is aiming for 160,000 sales.
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