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Hyundai, Kia EV plan brings major investment

Hyundai Motor Group has lately had a lot to say about its ambitions in electric vehicles and advanced transportation technologies. Last week, it vowed to put its money where its mouth is. The South Korean automaker said it will invest $7.4…

Estimated microchip shortage cost: $110 billion

AlixPartners estimated that a typical new vehicle today contains as many as 1,400 chips. "And that number is only going to increase as the industry continues its march toward electric vehicles, ever-more connected vehicles and, eventually,…

Marelli wants to build EV drive systems

Marelli was born in 2019 from the Japanese heating, air conditioning and exhaust supplier Calsonic Kansei and Magneti Marelli, the former auto components business of Fiat Chrysler Automobiles. Now, it needs a partner to develop products…

Tesla China sales falter

Tesla Inc. sales in China dropped last month amid stepped up criticism of the U.S. automaker. But exports of its China-made electric cars were robust, a sign of increasing demand in Europe. Tesla sold 25,845 locally made vehicles in April,…

Managing crisis crucial with launches on horizon

"There's a possibility that we need to look at how we manage the supply chains, that we have more visibility of what's happening in the various tiers of the supply chain, so that our intelligence is more immediate, and we can move faster,"…

GM isn’t making many amigos

If a tree falls in the forest, but the press release is quietly issued only in Spanish, does it make a sound?Well, the UAW heard loud and clear. The union called General Motors' plan to invest 20 billion pesos toward vehículos eléctricos…

Automakers get creative to navigate chip shortage

Stellantis is working on more standardization across its vehicle lineup rather than having to use specific chips for some models, CFO Richard Palmer said on a call with reporters last week. "More standardization and flexibility — which is…

Auto supply chain woes continue to mount

David Dauch, CEO of driveline supplier American Axle & Manufacturing Inc., acknowledged that it seemed to many people that the global shortage of microchips would be an inconvenience only for the "first of the year" — but it now looks…

Stellantis to adopt hybrid workplace strategy

DETROIT -- Stellantis wants white-collar employees to think of the workplace as a tool, not merely as an office where they work. This mindset underscores the automaker's global effort to reimagine its workplace strategy, dubbed the "New…

VW starts building 3rd EV plant

Volkswagen Group began construction on a factory at its joint venture with Jianghuai Automobile Co. in the eastern city of Hefei to ramp up electric-vehicle production in China. The plant, due to launch output in the second half of 2023,…