Rivian is reportedly investing in a new $5 billion assembly plant in Georgia. CarBuzz said the state has dealer-friendly laws that ban factory direct-to-consumer sales, but that Rivian is hoping its factory will help turn the tide in their favour. …
Tesla restarted production at its Shanghai factory after a two-day suspension, as local COVID-19 restrictions ease again. “Enough workers have returned to their positions after being cordoned off in nearby residential compounds for 48 hours where they were required to …
Toyota is reducing its global production target by 150,000 vehicles in April to 750,000 vehicles, according to Driving. The adjustment is due to the microchip shortage and other impacts stemming from the COVID-19 pandemic. “The news comes about a week …
Gasoline and diesel prices reached record highs in the United Kingdom, although the cost of crude oil softened slightly. Consumers are paying an average cost of more than £1.70 per litre for gasoline and reports suggest diesel reached £2.07 per …
General Motors is returning to Quebec to build a $500-million factory in Bécancour to make cathode active material—an integral component of electric vehicle batteries. “If you want to build a carbon-free future, Canada needs to be part of the equation,” …
Polestar U.K. CEO Jonathan Goodman says the car business is going to move online, but that there will always be a need for consumers to interact with a physical property, according to Autocar. “The big question for the industry is …
If gasoline and diesel prices continue to rise, consumers may take a harder look at electric vehicles as a cheaper option. “Gas prices rise and people respond immediately by buying more hybrid vehicles with better fuel efficiency,” said Recurrent CEO …
The BMW Group expanded its portfolio with the acquisition of Alpina. According to Driving, there will be consolidation resulting from the deal. “According to BMW, the sale will result in the current Alpina vehicle program agreement ending when the 2020 …
The impact of the war in Ukraine has now reached global automotive industry factories and electric vehicle production, according to The Irish Times. Ford, Volkswagen and BMW are among the OEMs that slowed down production due to the disruption from …
Kia announced plans to roll out 14 electric vehicles by 2027, including two pickup trucks and a standard entry-level EV, according to Driving. “Also announced by the Korean automaker was a commitment to design its first dedicated purpose-built vehicle (PBV), …
Honda is teaming up with Sony to create a new company that will develop electric vehicles and aims to start selling these vehicles in 2025, according to CNBC. “The new company will design, develop and sell electric cars but not …
Former Nissan executive Greg Kelly, who was arrested during a business trip in Japan on charges that he helped Carlos Ghosn hide more than $80 million, may soon return to the United States after three years of prosecution. “Chief Judge …
