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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…

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…

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, 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…

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

"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…

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…