NHTSA probes Honda over rearview camera recall
U.S. auto safety regulators are investigating Honda over concerns that the parts involved in its remedy for a rearview camera defect in 2022 were the same ones involved in a recall from this year.
Toyota Motor in talks to build Lexus factory in Shanghai, report says
Toyota seeks a deal similar to what Tesla received, including tax breaks, policy support, land grants and, unusually for China, the ability to own and control the facility outright without the need for a local venture partner, Bloomberg reported.
Polestar reports growing red ink for 2023 as EV demand slows
The electric-vehicle maker had repeatedly delayed reporting results because of accounting issues. Net losses widened to $1.17 billion from $481.5 million in 2022.
China may deliver one-third of global vehicles by 2030, report says
The findings of a report by AlixPartners suggest that even as the U.S. enacts trade policies to protect the domestic market, Chinese automakers continue their steady march to global dominance.
CDK restores DMS for Group 1, more dealerships as cyberattack costs rise
The cost of the shutdown is rising rapidly as its impact becomes clearer and the number of lawsuits continues to grow.