Does Hyundai-Amazon deal make sense?
Cars Commerce CEO Alex Vetter insists his company’s ability to sell cars trumps the scope of the Hyundai-Amazon pilot project.
Cars Commerce CEO Alex Vetter insists his company’s ability to sell cars trumps the scope of the Hyundai-Amazon pilot project.
The Israeli company, which worked with Magna on technology for BMW’s 7 Series with hands-off capability, says it is now pitching automakers directly.
A bitter, nearly three-year dispute between the country’s largest Black-owned automotive supplier and the nonprofit group attempting to strip its minority status is set for a trial likely to have significant business implications — whatever the outcome.
Quality Team 1, a Detroit-based vendor to Magna and other automotive suppliers, has filed for bankruptcy with more than $5 million in liabilities.
Ford pegged the cost of its four-and-a-half-year deal with the UAW at $8.8 billion — double its expectation — while GM said its two new North American labor contracts would raise expenses by $9.3 billion.