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BREAKING NEWS
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Browsing Category
auto
Renault-Nissan alliance plows $26B into EV blitz
Still togetherThe announcement was as much a repackaging of already-announced initiatives as it was a market reassurance that the three companies were still working together and focused on staying competitive. The investment figures, for…
Renault-Nissan plows $26B into electrification blitz
Under the new 2030 roadmap, the three companies will roll out five common EV platforms that will cover 90 percent of the 35 EV new models. The Alliance already has shared EV platforms, including the CMF-EV architecture which underpins the…
EV Maker Tesla Cybertruck Production Delayed to 2023; Confirms CEO Elon Musk
San Francisco: Elon Musk-owned electric vehicle company Tesla has delayed production of its much-awaited Cybertruck, aiming to start in 2023. The electric vehicle manufacturer's CEO Elon Musk confirmed during…
Lamborghini sees its first full-electric model at end of decade
MILAN -- Lamborghini plans to roll out its first full-electric model at the end of this decade, CEO Stephan Winkelmann said in remarks confirmed on Tuesday by a company spokesperson.
The plan underscores an even more cautious approach by…
Toyota, BMW-backed robotic-shuttle startup May Mobility raises $83M
May Mobility, a self-driving shuttle startup backed by the venture arms of Toyota and BMW, raised $83 million in its largest funding round to date.
The U.S.-based company operates 25 vehicles in nine cities including Arlington, Texas, and…
2023 CX-50 marks Mazda’s return to U.S. manufacturing
Mazda is officially back to making vehicles in the U.S.
Jeff Guyton, CEO of Mazda North American Operations, piloted the first production CX-50 off the line Wednesday at the automaker's joint-venture plant with Toyota in Huntsville, Ala.…
House leaders unveil chips, China competition bill
WASHINGTON -- U.S. House of Representatives leaders on Tuesday unveiled a bill aimed at increasing U.S. competitiveness with China and supporting the U.S. chip industry, including $52 billion to subsidize semiconductor manufacturing and…
White House will host GM’s Mary Barra, Ford’s Jim Farley and other CEOs for meeting on…
WASHINGTON -- The White House plans to host the CEOs of major U.S. companies -- including GM's Mary Barra and Ford's Jim Farley -- on Wednesday to discuss his signature $1.75 trillion Build Back Better legislation, officials told Reuters.…
Bentley will start output of first full EV in 2025
The EV is expected to be a version of a luxury EV with advanced self-driving functions being developed by Audi, which has oversight of Bentley within Volkswagen Group. Bodies-in-white would be built alongside the Audi at VW's factory in…
VW CEO Herbert Diess tests positive for COVID-19, under quarantine
All employees with whom Diess had personal contact were tested, and all were negative.
VW earlier this month expanded its in-house vaccination and testing program for employees and their relatives.
Since June, VW has administered about…
Toyota, BMW-backed robotic-shuttle startup raises $83M
May Mobility, a self-driving shuttle startup backed by the venture arms of Toyota and BMW, raised $83 million in its largest funding round to date.
The U.S.-based company operates 25 vehicles in nine cities including Arlington, Texas, and…
VW CEO Herbert Diess perfoming job duties under quarantine after testing positive for COVID-19
Volkswagen Group CEO Herbert Diess tested positive for coronavirus late last week and is continuing to work in quarantine at his home.
"He has been available for all phone calls and meetings," spokeswoman Nicole Mommsen said by phone.…
EV Maker Tesla Officially Enters Turkish Market: Report
San Francisco: Elon Musk-owned electric vehicle company Tesla has officially entered Turkish market. According to GizmoChina, Emir Tuncyurek, a former consultant of InsideEVs Turkey and co-founder of E-Garaj, will…
White House will host Barra, Farley, CEOs for meeting on spending bill push
WASHINGTON -- The White House plans to host the CEOs of major U.S. companies -- including GM's Mary Barra and Ford's Jim Farley -- on Wednesday to discuss his signature $1.75 trillion Build Back Better legislation, officials told Reuters.…
GM electric pickup target: 600,000 a year with historic Michigan investment
Orion Assembly, Lake Orion• January 2022 – $4 billion to transition to electric truck production, creating more than 2,350 jobs and retaining 1,000 current jobs.• March 2019 – $300 million to build the Chevrolet Bolt EUV.• Vehicles:…
GM wins $824 million in incentives from Michigan to lure $7 billion in EV investments
The two projects have been in the works over the last few months.
GM said it will spend $4 billion adding 3 million square feet of manufacturing space to its Orion Assembly plant over the next three to five years for the assembly of…
VW, Bosch partner on advanced driving technologies
In a news release, Bosch said 1,000 employees worldwide from both companies will be involved in the partnership "at peak times," and both companies are looking to recruit new employees as part of the project.
It is unclear how much both…
GM planning behavior-based U.S. driver insurance in Q1, executive says
General Motors Co aims to launch an algorithm-based auto insurance plan by the end of the first quarter in some U.S. states that charge policyholders based on their driving performance, a company executive said in an interview.
The…
GM’s Oshawa, Canada plant starts second shift to meet demand for Chevy Silverado HD
“And with a new, diverse workforce that includes more women in production roles, the impact of an inclusive culture is immediately noticeable the moment you step inside the plant,” Bell said.
GM Canada received more than 13,000 resumes for…
GM planning behavior-based U.S. driver insurance in Q1 – executive
General Motors Co aims to launch an algorithm-based auto insurance plan by the end of the first quarter in some U.S. states that charge policyholders based on their driving performance, a company executive said in an interview.
The…
Wait for new Toyota Land Cruiser stretches to 4 years in Japan
TOKYO -- The Toyota Land Cruiser is big in Japan. In fact, demand for the do-all SUV is so big, Toyota Motor Corp. just notified customers that the wait for delivery has stretched to four years.
That is up from an already jaw-dropping…
BMW South Carolina Spartanburg plant sails through chip crisis to a record
South Carolina's output also helped propel BMW to the top of the U.S. luxury sales leader board for a third straight year in 2021. Spartanburg supplied 53.4 percent of the brand's 336,644 retail deliveries in the U.S. last year.
The…
Honda puts money into SES Holdings Pte., Helm.ai
"If we look at Honda now, can we do everything by ourselves? Unfortunately, the answer is no. So I will be considering the possibilities of an alliance or alliances."
The first of the new partners is SES Holdings Pte., a Boston-based…
The chip shortage is back for Year 2
Last week in China, the industry ministry warned companies there to expect tight supplies of semiconductors over a relatively long period.According to a Reuters report, Luo Junjie, an official with the Ministry of Industry and Information…
Auto patents decline in 2021 but need for innovation grows
"It is almost like the process itself has slowed down," Baycroft said. "Whether that is the U.S. patent office not being able to process these applications and grants, or it is the applicants themselves not having the bandwidth to…
Auto patents decline in 2021
"It is almost like the process itself has slowed down," Baycroft said. "Whether that is the U.S. patent office not being able to process these applications and grants, or it is the applicants themselves not having the bandwidth to…
Intel to invest $20 billion on Ohio chip hub
Gelsinger, in an interview Friday on CNBC, said the project is critical to the auto industry.
"When you think of the auto industry, you're going to see us have more to say with the auto industry leaders as they are looking to us and others…
VW resumes output at Tianjin factory following COVID outbreak
BEIJING — Volkswagen's vehicle plant with FAW in Tianjin resumed production on Friday after shutting on Jan. 10 because of recent COVID-19 outbreaks in the eastern Chinese city, the German automaker said.
"The FAW-Volkswagen vehicle plant…
Ford names Detroit contractor Walbridge to build massive Blue Oval project in Tennessee
Construction giant The Walbridge Group has been hired to build Ford Motor Co.'s Blue Oval City development in Tennessee.
The project in Stanton, northeast of Memphis, is expected to cost $5.6 billion and produce electric F-Series trucks…
GM plans $6.5B EV investment at two Michigan plants
DETROIT -- General Motors is expected on Tuesday to outline plans to invest $6.5 billion for EV projects at two sites in Michigan.
The investment would create 4,000 jobs in Orion Township and the Lansing suburb of Delta Township in Eaton…