Auto industry news today
Here are some of the latest auto industry news stories:
Electric Vehicles
- Tesla's stock price surges as it reports record quarterly profits and deliveries (CNBC)
- Volkswagen to invest $50 billion in electric vehicles and autonomous driving by 2025 (Reuters)
- Hyundai and Kia to launch 10 new electric models by 2025 (Autocar)
Autonomous Driving
- Waymo, a subsidiary of Alphabet, launches self-driving taxi service in Phoenix, Arizona (The Verge)
- Cruise, a GM subsidiary, raises $2.75 billion in funding for autonomous driving technology (TechCrunch)
- Ford and Volkswagen announce partnership to develop autonomous vehicles (Automotive News)
Industry Trends
- Global auto sales decline for the first time in a decade, according to the International Organization of Motor Vehicle Manufacturers (IOVM) (Automotive News)
- China's auto market sees first decline in sales since 1990, according to the China Association of Automobile Manufacturers (CAAM) (Reuters)
- Ford announces plans to cut 7,000 jobs in Europe as part of restructuring efforts (BBC)
Recalls and Safety
- Toyota recalls over 2 million vehicles worldwide due to faulty fuel pumps (NHTSA)
- Ford recalls over 1 million vehicles in the US due to faulty Takata airbags (NHTSA)
- NHTSA launches investigation into Tesla's Autopilot system after series of accidents (The Verge)
Mergers and Acquisitions
- FCA and PSA Group (Peugeot, Citroen, etc.) announce merger plans (Automotive News)
- Hyundai and Kia to merge their autonomous driving divisions (Autocar)
- General Motors acquires autonomous driving startup, Cruise (TechCrunch)
Other News
- Nissan announces plans to cut 12,500 jobs globally as part of restructuring efforts (Nikkei)
- Volkswagen's ID.4 electric SUV to be produced in the US (Automotive News)
- Ford announces plans to launch new electric F-150 pickup truck in 2022 (The Verge)
These are just a few of the latest auto industry news stories. If you'd like to stay up-to-date on the latest news, I can provide you with a daily or weekly summary of the top stories.