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Renault, Geely to launch first joint vehicle

The first production vehicle from Renault Group’s partnership with Zhejiang Geely Holding Group in South Korea will launch in 2024 as a midsize hybrid crossover with a fastback silhouette. Renault released a silhouette image of the…

Honda’s massive $4.4B plan for Ohio EV operations

"Over four decades, Honda has continued investing in Ohio, establishing comprehensive production, purchasing and product development capabilities," said Bob Nelson, executive vice president of American Honda's corporate services. The state…

Stellantis expands circular economy business unit

Stellantis says it aims to generate more than $2 billion through its circular economy business unit by 2030 and reach carbon net-zero status by 2038. The automaker said the main objectives of the business unit are "extending the life of…

GM, Ford supplier Instaset files for bankruptcy

The company could not be reached for comment. Strobl Sharp PLLC, which is representing it in the bankruptcy case, did not return a request for comment. Since its peak in 2015, when the company was acquired by WGS Global Services, annual…

Rivian recall ‘a black eye’ for EV maker

Rivian said Friday that it’s recalling roughly 13,000 of the 14,000 electric trucks and SUVs made at its assembly plant in Normal, Ill., because of concerns that a bolt in steering assemblies wasn’t sufficiently tightened.  No accidents…

Nio will sell new mass-market brand in Europe

BERLIN – Chinese electric startup Nio will bring its new mainstream electric brand to Europe a few months after it launches in China in 2024, Nio president and co-founder Lihong Qin said. Nio announced the foundation of the mass-market…

Inflation Reduction Act bears fruit

Automakers and suppliers have announced $11 billion in electric vehicle battery investments since the passage of the Inflation Reduction Act in August as they look to localize supply chains to meet sourcing requirements and tap new…

Rivian’s $5 billion plant hits speed bump in Ga.

Georgia state officials said on Monday they were disappointed after a local court rejected a joint proposal to secure local incentives for Rivian Automotive Inc.'s $5-billion manufacturing plant in the state. "We remain undeterred in our…