Automakers: Page 11

  • Former Porsche Cars North America CEO Kjell Gruner.
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    Courtesy of Porsche Cars North America
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    Porsche Cars North America CEO steps down

    The company has not selected a successor for Kjell Gruner but plans to announce one soon.

    By • July 6, 2023
  • The Volkswagen ID. Buzz Pro, a battery-electric vehicle.
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    Courtesy of Volkswagen
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    Volkswagen investing over $1B in South America by 2026

    The automaker aims to grow its Brazil business 40% by 2027 and launch 15 electric and flex-fuel models in the region by 2025.

    By • July 6, 2023
  • The Toyota BZ4X electric SUV
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    Courtesy of Toyota Motor Corp
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    Toyota says ‘breakthrough’ in solid-state EV batteries could significantly drop costs

    An executive said the new technology would deliver ranges up to 745 miles and halve current battery size and weight.

    By • July 6, 2023
  • The Faraday Future FF91 electric vehicle.
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    Courtesy of Faraday Future
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    Faraday Future raises $90M despite production issues

    Investors also agreed to move up a previous commitment to invest $15 million in the company.

    By • July 5, 2023
  • The 2022 Chevy Equinox SUV.
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    Courtesy of General Motors
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    US new car sales to reach 15M vehicles in 2023: Cox Automotive

    Higher new-vehicle inventory levels have helped to boost sales, with June up 70% year-over-year.

    By • June 30, 2023
  • The Lordstown Motors Endurance electric pickup.
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    Courtesy of Lordstown Motors
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    Lordstown Motors receives Nasdaq delisting notice after filing for bankruptcy

    Trading for the electric truck startup’s stock will be suspended July 7.

    By • June 29, 2023
  • 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 Sara Samora • 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