Latest Automobile manufacturing News

Tesla robot walks, waves, but doesn't show off complex tasks

Oct. 01, 2022 09:45 AM EDT

DETROIT (AP) — An early prototype of Tesla Inc.'s proposed Optimus humanoid robot slowly and awkwardly walked onto a stage, turned, and waved to a cheering crowd at the company's artificial intelligence event Friday. But the basic tasks by the robot with exposed wires and...

Georgia judge nixes tax break for electric truck firm Rivian

Sep. 30, 2022 17:11 PM EDT

ATLANTA (AP) — A Georgia judge rejected an agreement that would have provided a huge property tax break to Rivian Automotive, clouding the upstart electric truck maker's plans to build a plant east of Atlanta. Morgan County Superior Court Judge Brenda Trammell rejected what is...

China's Geely buys 7.6% stake in Aston Martin Lagonda

Sep. 30, 2022 06:52 AM EDT

BEIJING (AP) — Geely Holding Group, one of China's biggest independent automakers, has bought a 7.6% stake in British luxury brand Aston Martin Lagonda and said Friday it looks forward to potential opportunities to collaborate. Geely declined to give details, but Aston Martin...

Michigan Legislature $1B spending approval met with pushback

Sep. 29, 2022 15:39 PM EDT

LANSING, Mich. (AP) — The Michigan Legislature this week added $1 billion in new spending to an already record-breaking $76 billion budget, a boost intended to attract large economic projects and meeting immediate pushback from several key Republicans. A majority of the $1 billion...

Lordstown Motors starts making electric trucks at Ohio plant

Sep. 29, 2022 10:48 AM EDT

LORDSTOWN, Ohio (AP) — Commercial electric vehicle startup Lordstown Motors says it has slowly started production of its first model, the Endurance pickup. The struggling company says it has built two pickups, with a third to be finished shortly. It plans to ramp up production...

Porsche shares rise in one of Europe's largest market debuts

Sep. 29, 2022 06:20 AM EDT

FRANKFURT, Germany (AP) — Shares in luxury carmaker Porsche AG rose on their first day of public trading after German parent company Volkswagen raised 9.4 billion euros ($9.1 billion) for one of the largest initial public offerings in European history. Shares traded at 85.68 euros...

VW readies Porsche IPO in one of Europe's largest listings

Sep. 28, 2022 16:09 PM EDT

FRANKFURT, Germany (AP) — Volkswagen was nearing the finish line Wednesday as it readied the sale of shares in luxury carmaker Porsche ahead of an expected market listing that will rank among the largest such offerings in European history. The German automaker estimates the deal...

Edmunds: Hyundai Elantra N vs Volkswagen Golf GTI

Sep. 28, 2022 07:26 AM EDT

Hyundai is one of just a few automakers that offer sporty performance-oriented versions of its small cars, and one of its newest is the 2022 Elantra N. Based on the redesigned and sharply styled Elantra small sedan, the N has a high-output engine, a sport-tuned suspension, upgraded brakes and other...

Ford to invest $700M, add 500 jobs at Louisville truck plant

Sep. 27, 2022 15:13 PM EDT

LOUISVILLE, Ky. (AP) — Ford will invest $700 million mainly at its Kentucky Truck Plant in Louisville, creating about 500 new jobs over the next four years. The company made the announcement Tuesday after a state board approved incentives for Ford's investment in the state. ...

Tumultuous, tiring start to NASCAR's round of 12 at Texas

Sep. 26, 2022 03:06 AM EDT

FORT WORTH, Texas (AP) — Chase Elliott was leading at Texas when a right rear tire issue led to hard contact with the wall and a fiery finish to his day, knocking him from the top of the playoff standings. After the caution lights came on when another front-running car had tire...