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DETROIT — An unidentified quality issue is affecting the launch of one of Ford Motor Co.’s most anticipated new vehicles. The company said it is holding onto “several hundred” Mustang Mach-E crossovers to perform extra inspections and engineering analysis that could delay delivery to customers in the U.S. and Canada by up to 8 weeks.
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DETROIT — Matt VanDyke, Ford Motor Co.’s director of marketing, will soon become the CEO of the company’s FordDirect joint venture with dealers. VanDyke, 48, will take the reins of the digital lead-generating company Feb. 1. He replaces Diane Craig, who became president of Ford’s International Markets Group this month. “Matt VanDyke has been an
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Automakers around the world are shutting assembly lines because of a global shortage of semiconductors that in some cases has been exacerbated by the Trump administration’s actions against key Chinese chip factories, industry officials said. The shortage, which caught much of the industry off-guard and could continue for many months, is now causing Ford Motor
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TOKYO — Kia is dumping “Motors” from its corporate name as part of a global brand relaunch meant to position the South Korea automaker as a mover in electric vehicles and new mobility. In changing its name to Kia Corp., from Kia Motors Corp., the company is reaching for a new identity that better reflects
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Subaru Corp. will cut output by “several thousand” vehicles this month in Japan and the United States, it said Thursday, citing a global shortage of semiconductors. Subaru will adjust production and reduce output at factories in Gunma, Japan, a company spokesman said without specifying exactly how many fewer cars will be made. The company later
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A car equipped with WeRide autonomous driving technology in Guangzhou, China. WeRide GUANGZHOU, China — Chinese driverless car start-up WeRide has raised $310 million in a new round of funding as it pushes to commercialize its technology. Yutong Group, a Chinese company that manufactures commercial vehicles including electric buses, lead the funding round. A number
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Chinese electric-vehicle maker Xpeng Inc. has signed an agreement with banks for a 12.8 billion yuan ($2 billion) line of credit. Agricultural Bank of China Ltd., Bank of China Ltd., China Construction Bank Corp., China Citic Bank Corp. and Guangzhou Rural Commercial Bank Co. will provide the facilities to support Xpeng’s business and help expand
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