Automakers: Page 39

  • Audi CEO Gernot Döllner
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    Courtesy of Audi AG
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    Audi names new CEO

    Gernot Döllner will replace Markus Duesmann, effective Sept. 1.

    By • June 29, 2023
  • A gray and jungle green building surrounded by green landscape with ray of a sunrise shining over the area.
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    Courtesy of the BMW Group.

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    BMW breaks ground on $700M South Carolina battery assembly plant

    The factory is part of the German automaker’s $1.7 billion investment to produce fully electric vehicles.

    By • June 29, 2023
  • Nissan CEO Makoto Uchida speaking at the company's general shareholder meeting in Yokohama, Japan, on June 26, 2023.
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    Courtesy of Nissan Global
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    Nissan won’t replace COO, paving the way for Renault EV investment

    The Japanese automaker said other leaders would collectively take over the outgoing executive's responsibilities.

    By • June 29, 2023
  • The all-electric Chrysler Airflow concept at the CES 2022 conference in Las Vegas.
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    Courtesy of Stellantis
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    Stellantis launches EV charging service in North America, Europe

    The automaker, which owns Alfa Romeo, Dodge, Jeep and Ram, is still evaluating whether to adopt Tesla’s proprietary plug design.

    By • June 28, 2023
  • Charging port on the Volvo C40 recharge SUV.
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    Courtesy of Volvo Cars
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    Volvo is latest automaker to adopt Tesla’s EV charging port

    The company joins General Motors, Ford and Rivian in switching to Tesla’s electric-vehicle charging plug.

    By • June 28, 2023
  • Lordstown Motors CEO Steve Burns standing next to the company's Endurance pickup.
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    Courtesy of Lordstown Motors
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    Lordstown Motors files for bankruptcy, sues investor Foxconn

    In November 2019, Lordstown Motors secured a $40 million loan from General Motors to purchase GM’s shuttered 6.2-million-square-foot Ohio assembly plant to build the electric Endurance pickup.

    By • June 27, 2023
  • A row of cars in a lot
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    Justin Sullivan via Getty Images
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    New vehicle sales continue to climb but economy could slow the auto industry’s recovery: J.D. Power

    Higher interest rates and worsening economic conditions have the potential to dampen sales growth, yet strong demand for new vehicles should continue to benefit the automotive industry, one analyst said.

    By • June 27, 2023
  • GM electric vehicle with logo
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    Bill Pugliano via Getty Images
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    GM signs deal with Australian company for key battery materials

    The automaker will contribute an $85 million loan toward a new manganese sulfate plant.

    By Ben Unglesbee • June 27, 2023
  • A picture of Lucid's dual-motor EV drive unit
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    Courtesy of Lucid Group, Inc.
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    Lucid, Aston Martin sign $450M EV powertrain deal

    According to the terms of the deal, Lucid will also become a shareholder in the luxury sports car maker.

    By • June 26, 2023
  • An interior picture of the center console in the Tesla Model Y.
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    Courtesy of Tesla Inc.
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    New vehicle quality is getting worse. Blame technology, J.D. Power says.

    As automakers launch more high-tech vehicles, reported problems have reached a record high, according to J.D. Power’s 2023 Initial Quality Study.

    By • June 23, 2023
  • A sign on the U.S. Environmental Protection Agency building in Washington, D.C.
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    Gromit702/iStock/Getty Images Plus via Getty Images
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    EPA withdraws controversial EV credits from biofuels rule, potentially costing automakers billions

    The U.S. Environmental Protection Agency pulled the electric vehicle proposal because it was concerned the rule would face legal challenges.

    By • June 23, 2023
  • The Ford F-150 Lightning is displayed at the North America International Auto Show.
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    Bill Pugliano via Getty Images
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    Ford, SK On secure up to $9.2B in loans from DOE

    The loan will help finance construction of the companies’ three joint venture battery plants. 

    By Megan Ruggles • June 23, 2023
  • Pictured are Three sizes cylindrical batteries produced by Panasonic for electric vehicles.
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    Courtesy of Mazda Motor Corporation
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    Mazda, Panasonic discussing long-term EV battery deal

    If the companies reach an agreement, Panasonic will manufacture cylindrical lithium-ion batteries for Mazda in North America and Japan starting in 2025.

    By • June 22, 2023
  • Hyundai President and CEO Jaehoon Chang pictured during a presentation the automaker's 2023 CEO Investor Day event in Seoul.
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    Courtesy of Hyundai Motor
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    Hyundai to invest $85B in EVs by 2030

    The company also boosted its electric vehicle sales target to 2 million units annually by the end of the decade.

    By • June 22, 2023
  • Renault Group CEO Luca de Meo
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    Permission granted by Renault Group
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    Renault Group CEO Luca de Meo to lead EV-spinoff Ampere

    The subsidiary aims to lower EV costs by 40% per vehicle by 2027 and develop new battery technologies and software-defined vehicle architecture.

    By • June 21, 2023
  • A die is removed from a semiconductor during manufacturing.
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    SweetBunFactory/iStock/Getty Images Plus via Getty Images
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    Stellantis forms semiconductor joint venture with Foxconn

    SiliconAuto will supply chips for the next generation of the automaker’s software-based vehicle platforms starting in 2026.

    By • June 21, 2023
  • A Chevy pickup truck drives off the assembly line of the General Motors Flint Assembly Plant January 24, 2011 in Flint, Michigan.
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    Bill Pugliano via Getty Images
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    GM to invest nearly $1B in Ohio DMAX engine facility

    The automaker is looking to boost motor production to meet rising demand for its heavy-duty trucks. 

    By Megan Ruggles • June 20, 2023
  • Person plugging a Rivian R1T vehicle into a charger.
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    Courtesy of Rivian
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    Rivian customers to gain access to Tesla’s Supercharger network beginning in 2024

    And in 2025, all Rivian electric vehicles will come with Tesla’s North American Charging Standard plug.

    By • June 20, 2023
  • An engineer inspects dry coating battery material at PowerCo laboratories
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    Courtesy of Volkswagen AG
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    Volkswagen subsidiary PowerCo to use new cost-saving process for manufacturing EV batteries

    The dry coating method for manufacturing electric-vehicle batteries could save the automaker hundreds of millions of dollars a year and reduce energy consumption by as much as 30%.

    By • June 20, 2023
  • UAW works on strike outside a General Motors factory.
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    Bill Pugliano/Stringer/Getty Images North America via Getty Images
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    UAW president warns Ford, GM, Stellantis that it’s ‘time to pay up’

    More than 140,000 workers could strike this fall when the union’s contracts with the automakers expire on Sept. 14.

    By • June 20, 2023
  • Nissan COO Ashwani Gupta pictured with the Airya electric SUV in July 2020.
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    Courtesy of Nissan Motor Co. Ltd
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    Nissan COO Ashwani Gupta to step down

    Gupta was responsible for executing the automaker’s Next transformation plan, which included targets of electrifying 40% of its U.S. model lineup by 2026 and boosting global production capacity by 20%.

    By • June 16, 2023
  • The Mercedes-Benz EQS dashboard.
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    Courtesy of Mercedes-Benz
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    Mercedes-Benz testing AI-powered ChatGPT with customers

    More than 900,000 vehicles in the U.S. are eligible for the optional beta test, which will last three months.

    By • June 16, 2023
  • Ford F-150 Lightning pickup trucks sit on the production line at the Ford Rouge Electric Vehicle Center.
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    Bill Pugliano via Getty Images
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    Ford and GM execs have lingering questions about the Inflation Reduction Act

    Automakers are anxiously awaiting further federal guidance on how to ensure their vehicles qualify for EV consumer tax credits.

    By • June 16, 2023
  • Steel vehicle body panels at a Mercedes-Benz assembly plant.
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    Courtesy of Mercedes-Benz
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    Mercedes-Benz to use 200,000 tons of reduced CO2 steel annually

    By 2030, the automaker aims to slash average carbon dioxide emissions per passenger car by half compared with 2020 as part of its long-term plan to make its new vehicle fleet carbon-neutral.

    By • June 15, 2023
  • The all-electric Chrysler Airflow concept at the CES 2022 conference in Las Vegas.
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    Courtesy of Stellantis
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    Will Stellantis use Tesla’s EV charging standard? It’s thinking about it.

    The automaker is evaluating whether to adopt the North American Charging Standard after Ford and General Motors struck deals with Tesla to use its Supercharger network.

    By • June 15, 2023