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Chip shortage puts brakes on Ford progress

One Michigan dealer has created an emergency fund for its salespeople to draw from after that happens — likely sometime this month. "We know for sure there's going to be three months of heartache and hand-wringing," said Mark O'Brien,…

GM invests $1 billion to build EVs in Mexico

General Motors plans to invest more than $1 billion to retool its Ramos Arizpe, Mexico, plant for electric vehicle production, making Ramos GM's fifth EV facility in North America, GM Mexico said Thursday. GM plans to begin building EVs at…

Nio begins construction of new EV base in Hefei

BEIJING -- Nio Inc. started construction on a giant industrial park with China's eastern city of Hefei, the electric-vehicle maker said on Thursday. The 16,950-acre site in Anhui province -- dubbed NeoPark -- will serve as a hub for…

Lotus joins industry shift to all-electric

LONDON -- Lotus Cars will only produce electric cars by the “late 2020s,” CEO Matt Windle said. The UK sports-car maker, owned by China’s Geely, is the latest automaker to commit to an all-electric future as the industry shifts from…