One of the perks of buying a new vehicle is that it offers features that promise a safer and more convenient driving experience. Some technologies have trickled down from luxury to mainstream segments, while others have been introduced quickly across the market.
Carmaker Stellantis announced a strategy to embed AI-enabled software in 34 million vehicles across its 14 brands, hoping the tech upgrade will help it bring in $22.6 billion in annual revenue by 2030.
This has been a tough year to buy a new or used car in America. With COVID-19 factory shutdowns, semiconductor chip shortages, rising prices and supply chain issues, it’s been nothing but bad news for car shoppers.
Over 30 million air bags in more than 200 models from 20 car and truck makers are being investigated by a U.S. safety agency because they have the potential to explode and hurl shrapnel.
General Motors said it is recalling all Chevrolet Bolt electric vehicles sold worldwide to fix a battery problem that could cause fires.
Ford has raised its stake in a manufacturer of solid-state batteries — a move that its chief product and operations officer, Hau Thai-Tang, said will strengthen the company’s effort to increase the range and reduce the costs of its next generation of electric vehicles.
German luxury automaker BMW says net profit fell 23% last year to $4.62 billion as the pandemic shuttered factories in the first part of the year. The maker of the X5 sport utility and 3-Series sedan said a strong second half meant it started 2021 with “a favorable tailwind.”