Fisker said it expects to reach a definitive agreement "in the next few months" to have Magna Steyr start production of the Fisker Ocean at its Graz, Austria, plant as early as the fourth quarter of 2022.
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Boyle's responsibilities include strategic direction of Hyundai's U.S. vehicle lineup, along with market research, business analytics and pricing.
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Delivery revenue, which was growing even before the pandemic, surged 103 percent during the quarter and is now central to Uber’s strategy.
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Hudson Automotive Group, a growing dealership group in the South, plans to buy the four-store Beaman Automotive Group. The deal is expected to close in October or November.
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Documents unearthed by the Center for Auto Safety show a rising number of reports related to false-positive braking events in Nissan Rogue and Nissan Sentra vehicles.
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Sherif Marakby joined Magna on July 6, about eight months after stepping back at Ford, where he was CEO of the automaker’s subsidiary Ford Autonomous Vehicles.
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The diversified Canadian parts supplier is the latest of several major automakers to report losses this week as its customers shut production amid government-enforced lockdowns.
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The decision comes more than a month after U.S. Trade Representative Robert Lighthizer expressed concern about recent struggles by American aluminum producers. Canada quickly responded with retaliatory tariffs worth $2.7 billion.
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Mitsubishi Motors Chairman Osamu Masuko, one of Japan’s longest-serving auto chiefs, retires citing health reasons, after leading the automaker through more than a decade of turbulent times.
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Subscription revenue to CarGurus' vehicle listings marketplace fell 38 percent in the second quarter. Dealership cancellations stabilized in May, the company said.
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