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Browsing Category
auto
EV maker Via Motors plans HQ move to Michigan
Electric vehicle manufacturer Via Motors is looking to pull up its Utah roots for a new headquarters in suburban Detroit, where it would invest $12.4 million and create 300 jobs.
The company is planning to open a 100,000-square-foot office…
Magna’s $530 million expansion plan in Michigan
Magna Powertrain of America Inc. said it will invest $96.2 million into a leased 200,000-square-foot plant, according to the memo, which did not disclose the project address.
The company would manufacture internal components for EV battery…
Nio targets Europe and reaching profit faster than Tesla
Li said Nio is focused on battery-electric vehicles, as opposed to hydrogen fuel cells, because he believes they are the solution for automated driving. "The vehicle is becoming a mobile living space, and that only works with an e-car," he…
Bosch expands U.S. factory to produce more e-motors
CHARLESTON, S.C. — German supplier Robert Bosch said Tuesday that it will spend more than $260 million to expand production of electric motors at its plant here.
The plant just this month began producing e-motors, which are critical parts…
Hyundai to launch $5.5 billion U.S. EV plant
SAVANNAH, Georgia - Hyundai Motor Co will break ground on a $5.54 billion electric vehicle (EV) and battery plant in the United States on Tuesday, as South Korea's biggest automaker grapples with an uncertain outlook for its EV sales in…
EV demand needs major boost from U.S. mining
"What will China's response be to defend market share? That's where questions get much more difficult," he said.He pointed to tungsten as an example. More than four-fifths of the world's tungsten comes from China, he said. The country…
Tesla factory in Mexico? Elon Musk meets with officials
Tesla Inc. CEO Elon Musk's appearance over the weekend in the northern Mexico state of Nuevo Leon has sparked local speculation that Mexico could be a candidate for future Tesla investment.
Musk wants the automaker to scale "to extreme…
Andhra Pradesh Fire: 36 E-Bikes, Kept for Special Discounted Sale on Diwali, Gutted in Blaze at…
Amaravati, October 24: As many as 36 electric bikes were gutted in a huge fire in a motor showroom in Andhra Pradesh's Parvatipuram district, police said. The incident occured in Manam Motors in Palakonda town in…
U.S. mining needs fast launch to meet EV demand
"What will China's response be to defend market share? That's where questions get much more difficult," he said.He pointed to tungsten as an example. More than four-fifths of the world's tungsten comes from China, he said. The country…
Electric Last Mile plant sold to Mullen
The former Hummer plant in northern Indiana is now on its fourth owner in five years, a stretch in which it has gotten $20 million worth of upgrades but failed to produce the jobs and vehicles its purported saviors have promised.
The…
Kia Niro EV gets price cut for top-end trim
The entry trim, called the Wind, is priced at $40,745. It sits between the previous generation's base Niro EV S ($40,385) and mid-level Niro EV EX ($41,285).
The lack of a price increase, given many automakers are hiking EV MSRP's, will…
GM gives Honda a leg up on EVs
American Honda Motor Co. has two electric vehicles on the horizon: the Honda Prologue and the Acura ZDX. Both are co-developed with General Motors and will use the Detroit automaker's new flexible and scalable electric architecture powered…
Automakers to double spending on EVs, batteries by 2030
The world's top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production, according to a Reuters analysis…
Tesla’s Model Y passes top-sellers in global rankings
The Model Y is passing some household names along the way.
Ford, for example, sold around 562,000 F-150 pickups last year.
It looks like Tesla’s SUV probably overtook the truck in the third quarter and should come out ahead for the full…
BMW’s South Carolina plant to build EVs alongside X models
As Engelhorn gears up U.S. operations for EV production, he will lean into his manufacturing experience in Germany and China. Before his U.S. tour of duty, Engelhorn prepped Plant Munich to produce the BMW i4 electric sedan. A lot is…
Dongfeng blindsided as Stellantis mulls possible exit from China joint venture
Stellantis NV’s Chinese partner says it was blindsided by the European automaker’s suggestion that it may end manufacturing in the world’s biggest light-vehicle market.
Speaking at the Paris auto show earlier this week, Stellantis CEO…
Toyota to cut full-year production target on chip shortage
TOKYO -- Toyota is finally cutting its fiscal-year production forecast, after clinging to it for months, conceding it must trim its plan for November due to the semiconductor crunch.
In abandoning its target, the automaker said it…
Toyota to cut full-year production target on chips crunch
TOKYO -- Toyota is finally cutting its fiscal-year production forecast, after clinging to it for months, conceding it must trim its plan for November due to the semiconductor crunch.
In abandoning its target, the automaker said it…
EU should impose higher tariffs on Chinese automakers, Carlos Tavares says
PARIS -- Chinese automakers should be subject to the same tariffs when exporting their cars to Europe as European brands face when sending their cars to China, Stellantis CEO Carlos Tavares, said.
“Very simply, we should ask the European…
Geely’s Li weighs bigger Aston Martin stake
Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter.
Li, whose Zhejiang Geely Holding Group…
VW might sell Russian factory amid Ukraine war sanctions
BERLIN -- Volkswagen Group is looking for an investor to take over its factory in Kaluga, southwest of Moscow, where production was halted soon after the Ukraine war began.
VW said it is looking at various scenarios for the future of its…
Porsche is still talking to teams about F1 entry
LONDON -- Porsche is still talking with teams about entering Formula One after discussions with championship leaders Red Bull broke down, the governing FIA said.
Porsche and Red Bull had been discussing a partnership for months but talks…
Mullen completes purchase of Electric Last Mile assets
"Upon closing the ELMS transaction, the company will be in a position to strategically leverage all its acquired assets to shorten its production path and aggressively expand into the commercial and consumer EV market," David Michery, CEO…
Geely’s Li mulls bigger Aston Martin stake
Chinese billionaire Li Shufu is considering boosting his stake in Aston Martin over time to foster collaboration with the struggling luxury carmaker, according to people familiar with the matter.
Li, whose Zhejiang Geely Holding Group…
BYD’s welcome in Europe worries the continent’s big automakers
“Some of the countries are very detailed,” Michael Shu, general manager and managing director of BYD Europe, said of offers it’s getting to help address the company’s needs for labor, land, energy, construction and an ecosystem of nearby…
BMW joins the EV frenzy with $1.7B U.S. investment
GREER, S.C. — BMW is upgrading the jewel in its global manufacturing crown to position the 7-million-square-foot crossover factory for the electric era.
On Wednesday, the German performance brand announced a $1.7 billion investment to…
Porsche 911 gets a touring variant
Porsche is adding a touring variant to the 911 lineup. The 2023 911 Carrera T, where the T stands for "touring," will slot between the 911 Carrera and 911 Carrera S.It adopts the twin-turbo six-cylinder engine from the 911 Carrera that…
Foxconn Reportedly Plans To Manufacture Tesla EVs in the Future
San Francisco: Apple supplier Foxconn's Chairman Liu Young-way noted that the company is looking at electric vehicle (EV) manufacturing as its new frontier and hopes to construct EVs for Tesla eventually. Young-way…
Stellantis eyeing two more N.A. battery plants by 2030
DETROIT -- Stellantis will need four EV battery plants in North America by 2030, the company's North American COO said on Tuesday.
The automaker has already announced two joint-venture battery plants -- one in Indiana and the other in…
How the Polestar 3 will get a lift from U.S. factory plan
The Ridgeville operation, which opened four years ago and is still underutilized, currently builds just one vehicle — the low-volume Volvo S60 sedan. Late next year, it will begin assembling the EX90 large crossover.
Supplying most of the…