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auto
Why Toyota’s North Carolina battery plant could spark more local investment
In October, Toyota said it would invest $3.4 billion in the U.S. over the next nine years to develop and localize automotive battery production, including those for EVs that would be made locally instead of in Japan.
The U.S. investment is…
GM considers more than $3 billion in battery, EV investments in Michigan
GM and LG have filed a tax exemption document with the City of Lansing through the Ultium Cells joint venture, records show. The document outlines a four-year construction timeline to be completed by Dec. 31, 2025.
Bob Trezise, president…
GM considers $3 billion in battery, EV investments in Michigan
GM also hopes to retool Orion Assembly, which currently builds the Chevrolet Bolt EV and EUV, to build electric pickups on its Ultium platform, the Journal reported. The Bolts are built on GM's current battery architecure, not on the…
Volvo, Northvolt close $3.3B battery supply deal for next-generation EVs
Volvo Cars and Northvolt have closed a $3.3-billion deal that the automaker said secures its supply of sustainable, state-of-the-art battery cells for its next-generation full-electric cars.
The joint venture includes an R&D center,…
Toyota halts Land Cruiser, Lexus output in Japan as parts shortage bites again
TOKYO -- Toyota has expanded production stoppages at some factories in Japan because of a shortage of components shipped from parts plants in southeast Asia.
The latest halts will cut car output by 9,000 vehicles when added to cuts…
Herbert Diess keeps CEO job; VW increases EV spending to catch Tesla
HAMBURG -- Volkswagen Group CEO Herbert Diess will stay on in the role, the company said, ending weeks of uncertainty about his future as the automaker increased spending on electric cars to catch up with Tesla.
VW Group's supervisory…
GM partners to source magnets for EV motors
GM and Vacuumschmelze, based in Germany, plan to build a U.S. plant to manufacture permanent magnets for the electric motors used in GM's Ultium-powered EVs, including the Hummer EV, Cadillac Lyriq and electric Chevrolet Silverado. The…
Ford adds Deere & Co. CEO John May to board; chief government affairs officer to retire
DETROIT — Ford Motor Co. said Thursday that John May, CEO of Deere & Co., has been elected to its board of directors effective immediately.
May's election expands the automaker's board to 15 members, and he will serve on the finance,…
Herbert Diess stays on to steer VW into electric future
HAMBURG -- Volkswagen Group CEO Herbert Diess will stay on in the role, the company said on Thursday, ending weeks of uncertainty about his future as the automaker updated a five-year plan that sees spending on electric cars rising by…
VW Group confirms Brandstaetter to lead China business
Brandstaetter, 53, will move to Beijing for the new role, Frankfurter Allgemeine Zeitung reported on Wednesday.
VW's current China boss, Stephan Woellenstein, will be given a new as-yet unidentified role with the automaker, reports said…
Stellantis plans rollout of Level 3 automated driving in 2024
Stellantis will roll out hands-free Level 3 automated driving technology within its cars starting in 2024.
The technology to allow the driver to hand control to the car is being developed in partnership with BMW, the automaker said.…
Microchip shortage relief? Intel aims to build chip plants with money raised from Mobileye IPO
Technology giant Intel plans to use funds from the planned stock offering of its Mobileye self-driving-vehicle components unit to build more Intel chip plants, CEO Pat Gelsinger said.
The IPO will allow Mobileye to grow more easily as…
VW board to provide details on CEO’s future powers
HAMBURG -- Volkswagen Group's supervisory board will provide details Thursday on the future responsibilities of CEO Herbert Diess, which are likely to be curtailed because of a clash with the automaker's works council, a person familiar…
VW secures raw materials as part of $34B battery push
Volkswagen has established key partnerships to secure raw materials it needs to realize its ambitious electric-vehicle strategy and close a gap with rival Tesla, the automaker said in a statement.
At the core of the three agreements, which…
Why Stellantis CEO Carlos Tavares thinks the chip crisis has fractured relationships between…
DETROIT -- The microchip crisis has fractured relationships between automakers and top-tier suppliers that failed to secure semiconductors for their customers, Stellantis CEO Carlos Tavares says.
Automakers still have only a hazy view of…
Maharashtra: At Least 40 BMW Cars Destroyed After Fire at Godown in Navi Mumbai (Watch Video)
Thane, December 8: At least 40 BMW cars were destroyed in a massive fire that broke out in a showroom cum godown in the Turbhe MIDC area of Navi Mumbai, a Fire Brigade official said on Wednesday, adding that no…
Potential $100 billion Porsche IPO being considered by parent VW, report says
HAMBURG -- Volkswagen Group is still exploring a possible initial public offering of its luxury brand Porsche as a way to fund its costly shift towards software and electric vehicles, two people familiar with the matter told Reuters.…
Honda Launches Activa125 Premium Edition in India at Rs 78,725
New Delhi, December 7: Honda Motorcycle & Scooter India (HMSI) on Tuesday said it has launched the Activa125 Premium Edition in the country with price starting at Rs 78,725 (ex-showroom Delhi).
The two trims of…
Volkswagen Tiguan Facelift Launched in India at Rs 31.99 Lakh
Volkswagen India has officially launched the Tiguan facelift in the country at an introductory price of Rs 31.99 lakh (ex-showroom). Bookings of the new Tiguan are open now, and deliveries will commence from…
Toyota to build massive new battery plant in Liberty, N.C.
The Wall Street Journal reported Monday that "state and local governments offered an incentive package of more than $435 million over 20 years if the project in Randolph County meets investment benchmarks." The Journal cited state sources…
Battery recycler Li-Cycle readies for ‘big opportunity’
In the five years since Li-Cycle was created, the battery recycling company has rapidly expanded to include four commercial plants and one hub. But as the rate of electric vehicle production ticks up, its current operations will look like…
GM joint venture with South Korea’s Posco Chemical to open North American cathode plant in…
Parks called the cathode "the energy source" of lithium ion batteries. It affects a battery's performance, safety and price and represents about 40 percent of the cost of a cell, he said.
Today, most cathode processing is done in China,…
Blockchain tracking ensures responsible battery sourcing
"In order to really deliver fully transparent and verified supply chains, continual, up-to-date, and verified supplier data is needed," Nicholas Garrett, CEO of RCS Global Group, said in a statement. "In our experience, most of the…
As EV prospects ramp up, Tesla veteran JB Straubel tears batteries down
The gap between demand and reality is a growing concern. Meeting zero-emission transportation goals codified last month at the United Nations Climate Change Conference would require 17 times more lithium production by 2040 than the current…
Small Detroit companies seek ways to capitalize on EV technology
Another aspiring southeast Michigan manufacturer is a new player in battery manufacturing, American Battery Solutions. The Orion Township., Mich., company, northwest of Detroit, started in 2019 with 12 employees. It now has 200 employees…
Bollinger electric chassis could underpin commercial vehicles
Editor's note: An earlier version of this story misstated the business relationship between Bollinger Motors and EAVX, a unit of JB Poindexter & Co. EAVX is an engineering consulting and product development firm. EAVX's agreement with…
Ford’s Blue Oval City project to recruit thousands of workers to rural Tenn.
That work force will have to be recruited from some distance. The nearest population centers are Memphis, 50 miles southwest, and Jackson, Tenn., which has 68,000 people living 40 miles to the east. The region is largely agricultural,…
GM to retrofit 2022 models with heated steering next year
DETROIT-- General Motors customers who buy vehicles without heated steering wheels because of a parts shortage can have the heating system added next year, the automaker said Friday.The update comes weeks after GM told dealerships that it…
Tesla Launches All-Electric ‘Cyberquad’ ATV for Kids at $1,900
San Francisco: EV maker Tesla has launched a four-wheel ATV (all-terrain vehicle) called Cyberquad for kids for $1,900. The all-electric Cyberquad for kids is available to order on Tesla website currently in the US,…
Bounce Infinity E1 Electric Scooter Launched in India at Rs 68,999
New Delhi: In a bid to take on Ola Electric and Ather Energy, domestic EV scooter maker Bounce on Thursday launched its first consumer electric scooter 'Infinity E1' in the Indian market. The scooter with battery is…