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VW plans mine investment to reduce battery costs

BERLIN -- Volkswagen Group plans to invest in mines to bring down the cost of battery cells, meet half of its own demand and sell to third-party customers, Thomas Schmall, the automaker's technology chief, said. VW wants its battery unit…

Mazda promotes Masahiro Moro to CEO

TOKYO – Mazda Motor Corp. has appointed Masahiro Moro, a long-time veteran of its critical North American operations, to be the automaker's next CEO as the company navigates a tricky transition to electrification. Moro, who was chairman of…

GM extends production halt at Mexico truck plant

General Motors said on Tuesday its Silao Assembly Plant in Mexico that makes Chevrolet and GMC pickup trucks will extend a production halt through March 20 because of an undisclosed temporary supply chain issue. The largest U.S. automaker…