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Refraction AI, a Michigan startup developing autonomous delivery robots, appointed a former Ford Motor Co. and mobility-industry veteran its new CEO on Wednesday. Luke Schneider becomes Refraction AI’s CEO at a time when the pandemic has accelerated demand for automated and contactless delivery systems. He had been CEO at wejo, an early-stage traffic-analytics company connecting
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BEIJING — Tesla Inc. is poised to start selling some Model 3 vehicles made in China equipped with cobalt-free lithium iron phosphate batteries, two people familiar with the matter said. Currently the Model 3 electric sedans made at the automaker’s Chinese plant use nickel-manganese-cobalt batteries. The starting price for the vehicle is currently 271,550 yuan
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DETROIT — Ford Motor Co. is lowering the price of its Mustang Mach-E crossover between $1,000 and $3,000, depending on the trim, as it prepares to launch the vehicle later this year. In a memo to dealers, Ford said the Premium trims will get a $3,000 price cut, with the all-wheel-drive version dropping to $50,800
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It’s no secret: Coupe and sedan sales are in decline, and sport utilities are keeping many automakers in the black. That doesn’t mean fun died. More SUVs are available with previously unheard of amounts of power, transmissions with multiple shift programs, and increasingly clever AWD systems. Intelligent and active suspensions enable physics-defying cornering poise and
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WASHINGTON — Fiat Chrysler Automobiles will pay a $9.5 million civil penalty to settle allegations it misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations, the top U.S. securities regulator said Monday. Fiat Chrysler, which did not admit or deny wrongdoing to resolve the Securities
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Cleveland-Cliffs Inc. will buy the U.S. operations of ArcelorMittal SA for $1.4 billion in cash and shares to become the biggest flat-rolled steel producer in North America. Ohio-based Cleveland-Cliffs expects its second major deal in less than a year to boost sales to the key automotive market. Earlier this year, the global steel industry saw
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Tesla Inc.’s stock price isn’t the only part of the business that’s growing. The electric vehicle maker continues to ramp up production of its Model Y crossover and has two plants — one in Germany and another in Texas — under construction. It plans to broaden its lineup with the Cybertruck pickup and a semitruck
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FRANKFURT — Daimler’s Dieter Zetsche will not seek to become chairman of the German carmaker’s supervisory board, he told Frankfurter Allgemeine Sonntagszeitung newspaper. Zetsche, 67, a former CEO of the company that owns the Mercedes-Benz brand, was due to take a seat as chairman on the board of directors, which in Germany is known as
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Polestar has reversed course on the Precept sedan, deciding to turn what was originally billed as a “vision” of the brand’s future into a production model. It will take three years to complete development of the brand’s future flagship grand tourer, Polestar CEO Thomas Ingenlath told Automotive News Europe. The production car will be underpinned
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BEIJING — When 32-year-old photographer Jaco Xu needed a run-around car for work in the eastern city of Hangzhou, the price tag on the latest micro EV from General Motors’ China joint venture overcame his qualms about electric vehicles. Xu paid 38,800 yuan ($5,735) for his tiny two-door Wuling Hong Guang MINI EV, while the
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YOKOHAMA, Japan — Infiniti is previewing more athletic, commanding styling for the next-generation QX60 three-row crossover, promising it will elevate the brand’s premium image. The sleek, platinum-hued QX60 Monograph debuted late Thursday in an online unveiling from the global headquarters of the Infiniti brand’s parent, Nissan Motor Co. The vehicle is a close-to-market design study
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After a few years of maneuvering by climate-change activists and green-minded legislators, Governor Gavin Newsom of California issued an executive order [click the link to view the order as a PDF] on Wednesday directing the state to require that all new vehicles on sale there in 2035 have zero emissions. The California Air Resources Board, which
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Record-breaking Florida car dealer and philanthropist Rick Case, CEO of Rick Case Automotive Group, died Monday at his home in Fort Lauderdale from complications of cancer. He was 77. In 1962 at age 19, Case opened his first dealership, a used-car lot named Moxie Motors, in his hometown of Akron, Ohio. In 1966, he opened
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ATLANTA — Porsche Cars North America is expanding adjacent to its headquarters in metro Atlanta. The sports car maker will begin construction of a service center and a classic factory restoration center next to Hartsfield-Jackson Atlanta International Airport. The 33-acre “multimillion-dollar development” will also be used to expand the Porsche Experience Center performance track, the
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BEIJING — Baidu-backed Chinese electric vehicle EV startup WM Motor said Tuesday it has raised 10 billion yuan ($1.47 billion) in its latest funding round. Shares of EV makers, including Tesla Inc. and Nio Inc., have surged in recent months and automakers are looking to the markets for funds. Shanghai-based WM’s local rivals Li Auto
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Auto supplier Garrett Motion Inc. said Sunday it filed for Chapter 11 bankruptcy protection as it struggled with heavy debt amid the COVID-19 pandemic and a dispute with former parent Honeywell International Inc. over asbestos liabilities. Garrett Motion said it entered into a “stalking horse” purchase agreement with private equity firm KPS Capital Partners for
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DETROIT — The dawning electric-vehicle era is likely to mark the end of the road for some low-volume, rural Cadillac dealerships. The luxury brand is requiring U.S. dealers who want to keep their franchises after 2022 to spend at least $200,000 installing chargers, buying special tooling and training employees to handle a lineup that’s planned
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