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VinFast to build $2B plant in N. Carolina

VinFast is part of the Vingroup conglomerate, with interests in industry, hotels, technology and real estate, according to the company. Vingroup, established in 1993, has a total capitalization of $35 billion from three publicly traded…

EV advancement will require multifaceted approach

Addressing manufacturing, though, is just one piece of the puzzle. Targeted investments should be expedited to encourage a growth in EV consumers as well. According to the International Energy Agency, the U.S. represented only 2 percent…

Chevy Corvette production idled this week

Chevrolet Corvette production is down this week because of a parts shortage. General Motors cut the first and second shifts at the Corvette plant in Bowling Green, Ky., for the temporary parts constraint, spokesman Trevor Thompkins told…

Ford’s European output hit by Ukraine war

Ford is experiencing a number of shortages at the plant affecting production. The war in Ukraine has prevented the company from sourcing a 12.3-inch infotainment screen for the newly updated version of the Focus, Ford said. The company…