Author: Nikki News Feed

Stellantis, Samsung SDI to build $2.5bn battery plant in U.S.

WASHINGTON (Reuters) — Stellantis NV and Samsung SDI said on Tuesday they will invest more than $2.5 billion to build a new joint venture battery plant in Kokomo, Indiana, as the Chrysler-parent ramps up electric vehicle production plans. Targeted to start in 2025, the plant aims to have an initial annual production capacity of 23… Continue reading Stellantis, Samsung SDI to build $2.5bn battery plant in U.S.

Hyundai to recall 281,000 North American vehicles over exploding part

WASHINGTON (Reuters) — Hyundai Motor America will recall 281,000 vehicles in North America over seat-belt pretensioners that could explode and project metal fragments, causing injuries. The recall, which comes after three injury reports, covers some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles. In the event of a crash, front driver or passenger-side seat-belt… Continue reading Hyundai to recall 281,000 North American vehicles over exploding part

Toyota to cut global production plan by 100,000 in June

TOKYO (Reuters) — Toyota Motor will cut its global production plan by about 100,000 to roughly 850,000 vehicles in June due to the semiconductor shortage, it said on Tuesday. The company did not change its estimate of producing about 9.7 million vehicles worldwide by March 2023. The automaker also announced an additional domestic factory line… Continue reading Toyota to cut global production plan by 100,000 in June