24 x 7 World News
Browsing Category

auto

Rivian recall ‘a black eye’ for EV maker

Rivian said Friday that it’s recalling roughly 13,000 of the 14,000 electric trucks and SUVs made at its assembly plant in Normal, Ill., because of concerns that a bolt in steering assemblies wasn’t sufficiently tightened.  No accidents…

Nio will sell new mass-market brand in Europe

BERLIN – Chinese electric startup Nio will bring its new mainstream electric brand to Europe a few months after it launches in China in 2024, Nio president and co-founder Lihong Qin said. Nio announced the foundation of the mass-market…

Inflation Reduction Act bears fruit

Automakers and suppliers have announced $11 billion in electric vehicle battery investments since the passage of the Inflation Reduction Act in August as they look to localize supply chains to meet sourcing requirements and tap new…

Rivian’s $5 billion plant hits speed bump in Ga.

Georgia state officials said on Monday they were disappointed after a local court rejected a joint proposal to secure local incentives for Rivian Automotive Inc.'s $5-billion manufacturing plant in the state. "We remain undeterred in our…

Why Ford blue ovals are scarce

The Blue Oval is grappling with a shortage of blue ovals.Ford Motor Co. has had to delay shipments of some vehicles in recent weeks because it ran out of the badges that go on the front and rear, The Wall Street Journal reported, citing…

Geely takes stake in Aston Martin

Zhejiang Geely Holding Group said it had taken a 7.6 percent stake in Aston Martin. The purchase is another move by Li Shufu, Geely's billionaire owner, to expand his automobile empire. Geely also owns Volvo and Lotus Cars and has a stake…