Toyota plans to develop light duty hydrogen fuel-cell trucks

A Toyota Mirai hydrogen fuel cell vehicle photographed in Berlin, Germany, in August 2021. The Japanese automotive giant started working on the development of fuel-cell vehicles back in 1992.

Krisztian Bocsi | Bloomberg | Getty Images

Automotive giant Toyota, along with three other partners, will work on the development of light-duty fuel cell electric trucks with a view to rolling

Read the rest

Kia, Hyundai thefts plague U.S. cities

A surge in thefts of Hyundai and Kia vehicles is plaguing cities across the country, with potential thieves being shown on social media how to bypass security features in some models.

While the U.S. is seeing an uptick of automotive thefts in general, Kia and Hyundai models are making up a majority of cases in many cities.

In St. Paul,

Read the rest

Auto supplier Eberspaecher reveals details of cyberattack

An Eastern European group was responsible for the attack, using a ransomware called BlackMatter, which is based on a ransomware-as-a-Service (RaaS) model.

As there had already been an attack on Colonial Pipeline in the U.S. with a predecessor program, U.S. authorities were alerted and were able to support the German police in the investigation. According to media reports, the cybercrime

Read the rest

250,000 car deliveries in one quarter can’t save Tesla from

The supply chain issues that have wracked the rest of the automotive industry for more than a year appear to have finally caught up with Tesla. The EV automaker announced on Wednesday’s Q2 investors report that its automotive revenue has declined by more than 13 percent following last quarter’s record-breaking mark despite ending the quarter with “the highest vehicle production

Read the rest

EVs still not as appealing as gas-powered cars, J.D. Power

The highest-ranked premium brand was Porsche with a score of 888, a six point improvement from 2021. The highest-ranked mass market brand was Dodge for the third consecutive year with a score of 882.

“Dodge is a fantastic example of knowing who your customer base is, and marketing to them, getting them to buy your cars and then satisfying them,”

Read the rest

AutoNation to boost used-car business with CIG Financial

Auto retail giant AutoNation Inc., in a step toward developing its own captive finance unit, plans to acquire auto lender CIG Financial to support its growing standalone used-vehicle AutoNation USA business and further develop customer relationships throughout vehicle ownership.

AutoNation said this week in reporting lower second-quarter net income that it plans within the next 90 days to buy CIG

Read the rest