In EV catch-up race, legacy automakers hitch a lift with Formula E
By Nick Carey LONDON (Reuters) – Legacy automakers playing catch-up with EV leaders like Tesla are leaning on their Formula E electric racing teams for innovations to build better mass-production EVs with…
As Other Automakers Push EVs, This Luxury Brand Drove Laps Around Them In 2022
As Other Automakers Push EVs, This Luxury Brand Drove Laps Around Them In 2022 John Hugh DeMastri on December 28, 2022 While electric vehicle (EV) startups that once seemed promising saw their…
Automakers Could Be Forced To Cut Prices — And Profits — In 2023
Automakers Could Be Forced To Cut Prices — And Profits — In 2023 John Hugh DeMastri on December 27, 2022 Consumers might see car prices finally come down in 2023 after record-high…
Automakers, South Korea urge U.S. to tap commercial EV tax credit
By David Shepardson WASHINGTON (Reuters) – Many automakers and the South Korean government are urging the Biden administration to tap a commercial electric vehicle tax credit to boost consumer EV access, a…
UAW calls on automakers to move supply chain out of Xinjiang region
By David Shepardson WASHINGTON (Reuters) – The United Auto Workers (UAW) union called on automakers to shift their entire supply chain out of China’s Xinjiang region after a new report on Tuesday…
Japan govt, automakers to discuss industry’s future as early as October -Kyodo
TOKYO (Reuters) – Japanese industry minister Yasutoshi Nishimura said he hopes to hold a meeting by the government and the heads of automakers to talk about the future of the automobile industry…
California To Punish Automakers That Don’t Meet Electric Vehicle Production Quotas
California To Punish Automakers That Don’t Meet Electric Vehicle Production Quotas Jack McEvoy on August 25, 2022 California will fine automakers if they do not meet the state’s quotas for electric car…
Automakers scramble to decode new U.S. EV tax credits
By David Shepardson and Joseph White WASHINGTON – U.S. automakers and dealers are scrambling to figure out if they can still offer $7,500 tax credits to would-be buyers of electric vehicles (EVs),…
Brazil automakers association lowers forecasts for 2022 production, sales
SAO PAULO – Brazil’s automakers association Anfavea on Friday lowered its 2022 estimates for the country’s auto industry production, with monthly output falling in June as companies grapple with auto parts supply…
Exclusive-California lithium tax would delay shipments to automakers, executives warn
By Ernest Scheyder (Reuters) – A proposed flat-rate tax on lithium produced in California’s Salton Sea region will delay deliveries of the electric vehicle battery metal to General Motors Co and Stellantis…
U.S. wants automakers to collect more ‘black box’ crash data
By David Shepardson WASHINGTON – U.S. auto regulators said Wednesday they want to require automakers to collect more crash data from event data recorders (EDRs)- more commonly known as “black boxes.” The…
Electric automakers make last-ditch plea for more tax credits before U.S. election
By David Shepardson and Tina Bellon (Reuters) – Shifting political winds during the U.S. November mid-term elections could spell trouble for automakers’ hopes of getting billions of dollars in consumer tax credits…
Eight automakers adopt U.S. EV fire response recommendations
(Reuters) – Eight electric vehicle manufacturers have adopted a U.S. National Transportation Safety Board (NTSB) recommendation to improve emergency response guides and incorporate vehicle-specific information for fighting lithium-ion EV battery fires. Honda,…
JPM says Japanese automakers to see record profits on price hikes, cost cuts
(Reuters) – Japanese auto companies are likely to post record profits this year as they raise vehicle prices and cut costs to mitigate the hit from soaring inflation, J.P. Morgan analysts said…
Russia risks speed up automakers’ switch from palladium to platinum, WPIC says
LONDON – Automakers are accelerating efforts to use less palladium and more platinum due to worries over palladium supply from Russia, the World Platinum Investment Council (WPIC) said on Monday, predicting a…
Detroit Three automakers reinstate mask mandate at some Michigan facilities
By David Shepardson (Reuters) – General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said on Sunday they are reinstating a requirement that employees wear masks in southeastern Michigan where…
Massive Automaker’s New EV Plant In America Will Produce Gas Cars: REPORT
Massive Automaker’s New EV Plant In America Will Produce Gas Cars: REPORT Thomas Catenacci on May 13, 2022 South Korea-based automaker Hyundai is set to announce a new $7 billion manufacturing electric…
Car sales in India rise but automakers warn of supply chain disruptions
By Aditi Shah NEW DELHI – Carmakers in India reported a sharp rise in annual sales for the fiscal year 2022 on Friday, but warned of future risks from global supply chain…
Automakers Drop More Than $50 Million On EV Super Bowl Ads
U.S. and global automakers spent an estimated $52-56 million promoting electric vehicles during the Super Bowl on Sunday. At least seven car makers and one charging device company purchased advertisement slots from…
Automakers, chip firms differ on when semiconductor shortage will abate
By Hyunjoo Jin SAN FRANCISCO – Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but automotive chipmakers,…
Senator wants U.S. government, automakers to address ‘alarming’ jump in carjackings
By David Shepardson WASHINGTON – A senior U.S. senator on Wednesday called on major automakers and the Transportation Department to take action to address an “alarming” rise in carjackings in some major…
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