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Forvia plots major hydrogen growth in North America

"We see the market in the U.S. starting to pick up, especially as it relates to commercial vehicles," Shappell said. "We've seen a lot of companies realizing that hydrogen is really the only true zero-emission option they have, so this has…

Tesla scales back German battery plant

BERLIN -- Tesla has begun assembling battery systems at its plant in Germany but will focus cell production in the U.S. in light of tax incentives under the Inflation Reduction Act (IRA), a spokesperson said on Wednesday. The EV maker is…

Mercedes 2022 earnings boosted by higher revenue

Sales of top-end cars including the S-Class and EQS all-electric sedan saw particularly strong growth in 2022 and helped the carmaker overcome rising costs. Global sales of Mercedes-Benz Cars were 2.05 million last year, including 149,227…

Chip shortage is easing unevenly for automakers

Even as the global microchip shortage slowly improves, some automakers are still feeling pinched more acutely than others, new data shows.Honda told shareholders this month the semiconductor shortage is bottoming out — but that it has…