Tag: Production

GM’s Toledo Plant To Produce Electric Motors After $760 Million Investment

For the first time in the U.S., General Motors will transition one of its powertrain or propulsion system manufacturing facilities to producing parts for electric vehicles. The automaker announced today that it will spend $760 million to enable Toledo Propulsion Systems to produce electric drive units. “Our Toledo team has a long, proud history of […]

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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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Europe’s Energy Crisis Forces Factories to Go Dark

The furnace, heated to 1,500 degrees Celsius, was glowing red. Workers at the Arc International glass factory loaded it with sand that slowly pooled into a molten mass. Nearby on the factory floor, machines transformed the shapeless liquid with a blast of hot air into thousands of delicate wine glasses, destined for sale to restaurants […]

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Tesla Has Slashed Its Production Costs From $84,000 Per Car In 2017 To $36,000 Today

Tesla’s head of investor relations has revealed just how much cheaper it has become for the electric vehicle manufacturer to build its vehicles. While speaking during a special Goldman Sachs technology conference in San Francisco earlier in the week, Martin Viecha said that the per-vehicle cost of manufacturing will be the most important metric in […]

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Tesla’s Deliveries Of Chinese-Made Vehicles Almost Tripled Last Month

Tesla almost tripled the sales of its Chinese-made vehicles in August following an increase in production at its plant in Shanghai. The China Passenger Car Association has revealed that Tesla sold 76,965 of its Chinese-made vehicles last month and exported 42,463 Model 3s and Model Ys to international markets. These figures represent significant jumps from […]

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Tesla’s 4680 Batteries Might Propel Them Even Further Ahead Of Rival EV Manufacturers

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India’s Electric Vehicle Push Is Riding on Mopeds and Rickshaws

In the United States, luxury-car buyers are snapping up Teslas and other electric cars that cost more than $60,000, and even relatively cheap models cost more than $25,000. Here in India, those are all out of reach of the vast majority of families, whose median income is just $2,400. But an electric vehicle movement is […]

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GM And LG Start Manufacturing EV Battery Cells In Ohio

General Motors and LG Energy Solution have started production at their 2.8-million-square-foot Ultium Cells LLC plant in Ohio. The plant currently employs more than 800 people and production will be ramped up throughout the year where the workforce will grow to 1,300. Reuters notes that Ohio governor Mike DeWine toured the Ultium plant on Wednesday. […]

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GM To Pause Production At Truck And Corvette Assembly Plants Due To Parts Shortages

General Motors said earlier this week that it will temporarily stop production at its pickup truck assembly plants in Silao, Mexico and Bowling Green, Kentucky, USA following supply shortages. The Mexican plant’s production pause will last roughly one week and has been precipitated by a lack of semiconductor chips. The American plant, meanwhile, where the […]

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Fisker May Increase Ocean SUV Production After Receiving Over 58,000 Reservations

Fisker may increase production of the all-electric Ocean SUV in response to strong demand for the vehicle. The car manufacturer had intended on producing 50,000 examples of the Ocean SUV each year. However, Henrik Fisker recently announced that more than 58,000 reservations and orders for the Ocean have been placed and that it secured 5,000 […]

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Rivian Delivers A Lot More Vehicles In Q2 But Burns A Lot More Cash In The Process

Scaling production is incredibly hard but Rivian is in that process right now. After delivering just 1,227 vehicles in the first quarter it more than tripled output in the second quarter. At the same time, the electric truck, SUV, and delivery van manufacturer has come under scrutiny with regard to how much cash it’s spending. […]

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Tesla Is Trying To Set Up A Factory In Canada

Tesla revealed that it is lobbying the government of the Canadian province of Ontario as part of an effort to set up an “advanced manufacturing facility” in the country. The company disclosed the efforts to Ontario’s Integrity Commissioner, reports Reuters, and is working with the government to “identify opportunities for industrial facility permitting reforms.” The […]

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VinFast Looking To Hire 8,000 New Employees As Expansion Continues

VinFast is on the hunt for 8,000 additional employees for its electric vehicle factory in Vietnam. The car manufacturer currently has 6,000 employees and announced its dramatic workforce expansion plans on Facebook. It revealed that it is looking for assembly workers, technicians, and engineers to start working from August and September. Read Also: VinFast Signs […]

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Tesla Sees Its Rivals’ EV Goals And Sets One Of Its Own: 2 Million Cars Per Year By The End Of 2022

While the EV transition might actually be taking place slower than it seems, manufacturers around the globe are setting big goals. Tesla started that trend, and now, as many question whether or not the Texas-based company can keep its lead, it’s setting big goals for the near and long term, the first of which is […]

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Bizzarrini Completes First Of 24 Continuation 5300 GT Corsa Revivals

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Lordstown Says It Is On Track To Start Production This Quarter

Lordstown Motors says it remains on track to start production of the Endurance this quarter while commencing the first deliveries in Q4. The company’s latest quarterly earnings report reveals that it ended Q2 with a cash balance of $236 million following its deal with Foxconn that generated $107.5 million in cash proceeds and Q2 and […]

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Supply-Side Economics Isn’t Just for Republicans Anymore

Today’s intolerably high inflation is a result of too much money chasing too few goods. The harsh way to lower inflation is to deal with the “too much money” side of the equation by raising interest rates or taxes, which chokes off the public’s spending power. The infinitely better way to combat inflation, when possible, […]

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Valmet To Start Building The Mercedes-AMG GT 4-Door In Finland

Contract manufacturer Valmet Automotive will soon be tasked with the job of building the Mercedes-AMG GT 4-Door after reaching a deal with the German carmaker. The partnership will see Valmet start production of the AMG GT 4-Door at its Uusikaupunki, Finland plant in the second half of 2023. It will build both combustion-powered and hybrid […]

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Rivian Planning More Commercial Vehicles, Wants To Make 1M Per Year By 2030

Despite the production setbacks that have bruised Rivian’s share prices, the company’s CEO, R.J. Scaringe, remains optimistic about the company’s future, saying that the startup has plans for a range of commercial vehicles in the future. The CEO told Reuters that there will be numerous other applications for the chassis that underpins the EDV-700, for […]

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