Inside the Industry

Electrify America unveils first application of megawatt-level energy storage

(October 20, 2022) Electrify America recently unveiled its first application of a megawatt-level battery energy storage system (BESS) for electric vehicle (EV) charging stations, building upon the company’s existing BESS installations at over 150 stations across the U.S., including more than 100 installations in California.

Hyundai Motor unveils new design for 7th-generation Grandeur sedan

(October 20, 2022) SEOUL — Hyundai has unveiled the new design of its seventh-generation Grandeur, badged as Azera in markets outside Korea, flagship sedan. The all-new model comes six years after the sixth generation launched in 2016. Since its original debut as Hyundai’s high-end sedan in 1986, Grandeur has led the Korean sedan market, with design and innovations that stand for success and premium quality.

BMW Group announces $1.7 billion investment to build EVs in the U.S.

(October 20, 2022) SPARTANBURG,  S.C. — The BMW Group continues the roll-out of its electromobility plan with a new investment in the U.S. to expand Plant Spartanburg and the company’s manufacturing footprint in the U.S.  BMW Group Chairman of the Board of Management, Oliver Zipse, announced a $1.7 billion investment in its U.S. operations, including $1 billion to prepare for the production of electric vehicles at the company’s existing U.S. manufacturing facility in South Carolina, and $700 million to build a new high-voltage battery assembly facility in nearby Woodruff, SC. By 2030 BMW Group will build at least six fully electric models in the U.S.

Dodge Hornet, refreshed Nissan Versa showcased at Miami auto show

By Paul Borden

(October 19, 2022) MIAMI — The Miami International Auto Show opened last weekend and continues through Sunday (Oct. 23) at the Miami Beach Convention Center.  As shows go, the Miami event has been ranked below the big guys (Chicago, Los Angeles, New York, and Detroit) and pretty much ahead of the rest of the shows. It is considered a consumer-driven show with no high-pressure sales tactics but few dramatic reveals of new models.

New online service charts the origins of your classic Porsche

(October 19, 2022) ATLANTA —  Every classic Porsche has an origin story — when it was built, how it was equipped, where it was first delivered. An important part of owning, and even restoring, a classic Porsche is knowing the details of this history. With its collection and storage of historic documents, Porsche is able to provide many pieces of original production information about its vehicles going back decades. Now, for the first time, the process of accessing these documents has moved online. One portal offers a path to accessing this data that is both fascinating for enthusiasts and valuable for preserving sports cars.

Mecum takes on two cities in one weekend for $36.4 million in sales

(October 19, 2022) Mecum Auctions is well known for setting records and taking on never-before-achieved challenges, and the company took it to another level this past weekend by holding two auctions simultaneously in two different cities located a full 600 miles apart. One of the events, Mecum Chicago 2022, was held Oct. 13-15 in Schaumburg, Ill., and brought $15.2 million in total sales, while the other, Mecum Chattanooga 2022, was held Oct. 14-15 in Tennessee and reached overall sales totals of $21.2 million.

2023 Toyota Corolla sedan revs up power, safety, tech and value

(October 19, 2022) NASHVILLE, Tenn.  – The Toyota Corolla Sedan rolls into 2023 a much-changed car, bringing major upgrades to performance, safety and multimedia. Just for good measure, Toyota revved up the front and rear styling to give Corolla an even more compelling presence. It’s not often a car offers higher power and efficiency at the same time, but the 2023 Corolla LE Sedan does just that.

Toyota launches campaigns showcasing GR Corolla and the GR Family

(October 18, 2022) PLANO, Texas — The all-new, first-ever 2023 Toyota GR Corolla’s campaign, “Rally Ready,” debuted on Oct. 17 featuring "the track ready vehicle, built by enthusiasts for enthusiasts." As the newest addition to the Gazoo Racing (GR) Family, the GR Corolla, alongside the GR86 and GR Supra, is featured prominently in Toyota’s new GR Family campaign, “Race Cars for the Real World,” also launching Oct. 17.

Toyota, Google Cloud partner to bring AI-powered speech to Toyota

(October 17, 2022) PLANO, Texas — Toyota and Google Cloud have announced an expanded partnership that brings together Toyota and Lexus next-generation audio multimedia systems and Google Cloud’s AI-based speech services. Customers can now experience the first results of the partnership in the latest generation Toyota Audio Multimedia and Lexus Interface infotainment systems, including in 2023 models like the Toyota Corolla family, Tundra and Sequoia and Lexus NX, RX and all-electric RZ.

Chip shortage causes automakers to lower 2023 production plans

(October 17, 2022) Automakers are expecting the microchip shortage to drag on into a third year and are already lowering their production plans for 2023, according to AutoForecast Solutions. “Chips are moving to the industry, just not enough to ensure production of even the most popular models,” said Sam Fiorani, AFS vice president of global vehicle forecasting, in an email to Automotive News.