Chinese automaker Geely raises sales target for 2024 to 1.9 million units
By Summer Zhen HONG KONG (Reuters) – Chinese carmaker Geely Automobile Holdings Ltd set its sales volume target at 1.9 million units for 2024, up 13% from its total sales last year,…
Major Automaker Pushes Back Electric Vehicle Production Target — Despite Biden Admin Subsidies
Major Automaker Pushes Back Electric Vehicle Production Target — Despite Biden Admin Subsidies Will Kessler on July 28, 2023 Ford Motor Co. said Thursday that it is pushing back its production target…
Major Automaker Slashes Prices As It Struggles To Unload Electric Vehicles
Major Automaker Slashes Prices As It Struggles To Unload Electric Vehicles John Hugh DeMastri on July 18, 2023 Ford cut the price of the electric version of its signature F-150 pickup truck…
Audi in talks to buy Chinese automaker SAIC’s EV platform -sources
SHANGHAI (Reuters) – Germany’s Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented…
China automaker BYD to invest $620 million in Brazil industrial complex
SAO PAULO (Reuters) – Chinese automaker BYD on Tuesday said it will invest 3 billion reais ($620.17 million) in a new industrial complex in northeastern Brazil, as it aims to boost local…
Toyota defends title as world’s top-selling automaker in 2022
TOKYO (Reuters) – Toyota Motor Corp sold 10.5 million vehicles in 2022, it said on Monday, defending its title as the world’s top-selling automaker for a third straight year. Global sales for…
Global Automaker Recalls 1.23 Million Trucks
Global Automaker Recalls 1.23 Million Trucks Bronson Winslow on December 13, 2022 A global manufacturer announced a voluntary recalling of 1.23 million Ram pickup trucks over concerns that the tailgate latching mechanism does…
China automaker BYD says raises prices for some EV models
BEIJING (Reuters) – Chinese automaker BYD Co Ltd said on Wednesday it raised prices for three of its electric vehicle models by 2,000 yuan ($279.86) to 6,000 yuan, citing reasons including rising…
U.S. automaker Ford opens $260 million campus in Mexico
MEXICO CITY (Reuters) – U.S. automaker Ford Motor Co opened its new global technology and business center on the outskirts of Mexico’s capital on Monday after a $260 million investment. The new…
Former Tesla executive joins board of rival automaker GM
By David Shepardson WASHINGTON (Reuters) – A former Tesla senior executive and chief operating officer at ride hailing company Lyft is joining General Motors board of directors. The largest U.S. automaker said…
Yet Another Automaker Picks A Red State For Its Multi-Billion Dollar EV Factory
Yet Another Automaker Picks A Red State For Its Multi-Billion Dollar EV Factory John Hugh DeMastri on August 29, 2022 Honda and battery maker LG announced plans for a $4.4 billion electric…
EV Automaker Hailed As The ‘Next Tesla’ Is Hemorrhaging Cash And Investors
EV Automaker Hailed As The ‘Next Tesla’ Is Hemorrhaging Cash And Investors Thomas Catenacci on May 9, 2022 Start-up electric vehicle (EV) maker Rivian Automotive’s stock plummeted to fresh lows Monday as…
Automaker Stellantis to suspend COVID-19 vaccine mandate for U.S. staff
– Automaker Stellantis NV said it would suspend its COVID-19 vaccine mandate for U.S. employees, days after the country’s Supreme Court blocked President Joe Biden’s vaccination-or-testing mandate for large businesses. “With more…
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