Thanks to the advent of radar sensors coupled with cutting-edge machine learning algorithms, AVs outfitted with radar sensors can finally provide active sensing capabilities on a par with their lidar counterparts, and sometimes even better. As momentum in AV development started to pick up two decades ago, researchers focused primarily on lidar because it offered […]
Tesla vehicle registrations totaled 230,855 through the first three quarters of the year, passing Mercedes with 213,708, Experian data showed. But Tesla surged in September. In addition to its current lineup of two sedans and two crossovers, Tesla plans to launch the Cybertruck pickup next year from a new plant in Texas, and it has […]
Southeast Motor, established in 1995, was previously a three-way partnership between Mitsubishi, Fujian Motor Industry Group Co. Four months later, in August, Mazda shuttered a joint venture incorporated with China FAW Group Corp. Mitsubishi builds three products in China – the Outlander, ASX and Eclipse crossovers. Dongfeng Yueda Kia can build up to 750,000 vehicles […]
GM has long had a broad manufacturing, supply chain and retail footprint. GM plans to invest $35 billion in electric and autonomous vehicle development and have 30 EVs available globally through 2025. By 2035, the automaker aims to launch a fully electric light-vehicle lineup. Many customers own only one vehicle and depend on it every […]
Lithia’s Pfaff acquisition included 11 franchised dealerships representing mass-market, luxury and exotic brands ranging from Mini and Subaru to BMW, Porsche and McLaren. 3 on Automotive News’ most recent list of the top 150 dealership groups based in the U.S., with retail sales of 171,168 new vehicles in 2020. …Read the full story
will price its initial public offering on Tuesday, seeking to raise as much as $10 billion in a listing that could give it a fully diluted valuation of more than $70 billion. Investors will be buying into the promise of a class of EVs that mirror the gas-powered vehicles that dominate the passenger market: larger, […]
That could be followed by two China-made EVs — a subcompact hatchback modeled on the two-door Hardtop and a small crossover. …Read the full story
Pickups, along with other light trucks such as crossovers and SUVS, have become some of the auto industry’s most profitable models, especially in markets such as the U.S. However, 38 percent of Chinese cities still restrict the use of pickups, the industry group noted, most of which are provincial capitals or located in economically developed […]
At the same time, Lucid opened its eighth company-owned showroom, in New York City’s Meatpacking District. Under New York law, the Lucid showroom is not allowed to sell vehicles; it will serve as an immersive experience into the luxury brand. While Lucid offers a virtual-reality experience online to shoppers nationwide, it also is rolling out […]
