Tag: Industry

Ford Breaks Ground On Six Square Mile Electric Vehicle And Battery Production Facility

Ford has officially broken ground on BlueOval City, a massive “mega campus” that will herald the future of the brand. The facility will be the largest and most advanced automotive production facility in the brand’s history. Located in Stanton, Tennessee, the automaker has started erecting structural steel less than a year after Ford and SK […]

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Ford Has Run Out Of Brand Badges And Model Nameplates Leading To Delay Of Shipments

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VW Could Move Production Out Of Germany Due To Natural Gas Shortages

Volkswagen is considering moving car production away from Germany if current problems with natural gas supplies extend into 2023. The drastic plan is one of several being discussed at Wolfsburg and could potentially result in Volkswagen switching production for several model lines from its German and Eastern European plants to other VW Group factories in […]

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Buick Plans To Dramatically Reduce Dealerships But Aims To Offer A Better Customer Experience

Times are changing for the automotive industry and Buick itself is no different. A new report suggests that the GMC sub-brand is planning to dramatically reduce its dealership network as it ramps up for an all-EV push. The brand’s global vice president, Duncan Aldred, laid out a plan that’s benchmarked against BMW, Lexus, and Mercedes-Benz. […]

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Volkswagen Expects Chip Shortage To Continue Into 2024

Volkswagen expects semiconductor shortages to continue into 2023 and says the supply chain disruptions experienced over the past two years will become the “new normal.” While recently speaking with German publication Automobilwoche, Volkswagen head of procurement Murat Aksel noted that geopolitical concerns with leading chip manufacturers have created new and challenging issues. “With the new […]

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Inflated U.S. Vehicle Prices Have Led To Some Popular Cars Selling For More Used Than New

Certain high-profile vehicles (often well north of $100k) tend to hold their value very well, and some even become appreciating assets. But what if we told you that this was happening to the humble Toyota RAV4 as well? According to a recent study from insurance savings company Jerry, certain everyday vehicles have become so popular […]

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Volkswagen Sets Up New Dedicated Division For Autonomous And Electric Cars

Volkswagen is creating a new division specifically to work on the development of electric and autonomous cars. Dubbed “New Mobility,” the department will take responsibility for current ID-badged vehicles and future EVs that will be based on the VW Group’s new SSP scalable electric car architecture. The spinoff division will also take charge of VW’s […]

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NACTOY Names 26 Semifinalists For 2023, Who Do You Think Will Win Each Category?

The North American Car, Truck, & Utility Vehicle Of The Year (NACTOY) awards have already announced their winners for 2022, but well before the year’s end, they’ve announced their semifinalists for next year’s competition to give the public ample time to vote. There are 26 entries across 3 categories, so let’s take a look. The […]

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Cracking the carbon removal challenge

By most measures, MIT chemical engineering spinoff Verdox has been enjoying an exceptional year. The carbon capture and removal startup, launched in 2019, announced $80 million in funding in February from a group of investors that included Bill Gates’ Breakthrough Energy Ventures. Then, in April — after recognition as one of the year’s top energy […]

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Stellantis Is Happy For Workers To Unionize Battery Plants

Stellantis has revealed that it will support workers if they choose to unionize future battery factories across North America. Speaking during a virtual media roundtable at the ongoing Detroit Auto Show, Stellantis chief executive Carlos Tavares said the carmaker has “zero problems with unions,” adding that “good dialogue with unions is part of the competitiveness […]

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Stellantis To Pay GM Nearly $1 Billion To Buy Back Shares Related To 2017 Opel Deal

Stellantis and GM said on Tuesday that they are set to execute a share repurchase agreement that will see the former buy 69.1 million of its own shares back from the Detroit automaker. The stocks amount to around 2.2 percent of Stellantis‘ share capital, and the conglomerate will pay €923,247,678 ($923,293,840 USD at current exchange […]

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SMART Innovation Center awarded five-year NRF grant for new deep tech ventures

The Singapore-MIT Alliance for Research and Technology (SMART), MIT’s research enterprise in Singapore has announced a five-year grant awarded to the SMART Innovation Center (SMART IC) by the National Research Foundation Singapore (NRF) as part of its Research, Innovation and Enterprise 2025 Plan. The SMART IC plays a key role in accelerating innovation and entrepreneurship […]

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Mercedes Wants To Keep Building And Selling V8s Beyond 2030

Mercedes-Benz could continue to offer V8 engines beyond 2030, should its customers want them. The German car manufacturer wants to have an all-electric line-up from 2030 but has noted this will only be possible “where market conditions” allow it, giving it some flexibility to offer combustion engines in select markets. During a recent interview with […]

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Honda Joins Forces With Japanese Trading Company To Secure Battery Metals

Honda has established a partnership with trading company Hanwa that will ensure its supply of important metals used for its future electrified vehicles. The partnership will ensure Honda the stable procurement in the medium to long term of important metals required for batteries, including nickel, cobalt, and lithium. Securing the supply of such materials will […]

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Magna Steyr Plotting U.S. Plant To Comply With Biden’s “Made In America” EV Rules

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U.S. Will Look Into How Inflation Reduction Act Hurts South Korean Carmakers

The United States will look into how the Inflation Reduction Act will impact South Korean car manufacturers by making their EVs no longer eligible for federal tax credits. South Korea’s national security advisor Kim Sung-han confirmed the move during recent talks with U.S. officials in Honolulu, Hawaii, including national security advisor Jake Sullivan. “(Sullivan) said […]

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