Taiwan Semiconductor Manufacturing has agreed to build a €10 billion ($11 billion) plant in eastern Germany in partnership with Infineon Technologies, NXP Semiconductors and Bosch. The planned fab will be 70% owned by TSMC, which will operate the facility in the city of Dresden, with Infineon, NXP and Bosch each holding a 10% equity stake,… Continue reading Taiwan Semiconductor Manufacturing to build $11B German plant with Infineon, NXP, Bosch
Author: Detroit News Online
US investigating power-assisted steering failure complaints in older Ram pickup trucks
Detroit – U.S. auto safety investigators have opened a probe into reports that some older Ram 1500 pickup trucks can lose power-steering assistance with little or no warning. The investigation by the National Highway Traffic Safety Administration covers over 1.1 million pickups from the 2013 through 2016 model years. The agency says it has 380… Continue reading US investigating power-assisted steering failure complaints in older Ram pickup trucks
Daimler Truck finance chief dies in “tragic incident,” company says
The chief financial officer of Daimler Truck has died in a “tragic incident,” the company said Sunday. Jochen Goetz, 52, died Saturday, according to a company statement that didn’t specify what happened to him. Goetz spent more than three decades working at the Daimler Group, the Stuttgart, Germany-based automotive giant best known as the maker… Continue reading Daimler Truck finance chief dies in “tragic incident,” company says
EPA’s ambitious plan to cut auto emissions to slow climate change runs into skepticism
Detroit — The U.S. government’s most ambitious plan ever to slash planet-warming greenhouse gas emissions from passenger vehicles faces skepticism both about how realistic it is and whether it goes far enough. The Environmental Protection Agency in April announced new strict emissions limits that the agency says are vital to slowing climate change as people… Continue reading EPA’s ambitious plan to cut auto emissions to slow climate change runs into skepticism
UAW’s demands could increase labor costs to $100 per hour per worker
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading UAW’s demands could increase labor costs to $100 per hour per worker
Payne: How Ford racing has become an integral part of Ford production
This content is only available to subscribers. Get unlimited digital access. $1 for the rest of the year. Subscribe Now Your subscription supports: Trusted, up-to-date local Detroit and Michigan-wide breaking news. Accurate, fact-based journalism without an agenda, so you get the information you need to make informed decisions. Complete coverage and commentary on Michigan politics… Continue reading Payne: How Ford racing has become an integral part of Ford production
Lawsuit accuses Tesla of exaggerating driving range to boost EV sales
A group of Tesla owners this week sued the electric vehicle maker over its mileage range projections, accusing the company of inflating in advertisements the distance that its cars and SUVs can travel on a single charge. The lawsuit, which seeks class-action status in the Northern District of California, demands undisclosed monetary damages and a… Continue reading Lawsuit accuses Tesla of exaggerating driving range to boost EV sales
Electric truck maker Nikola names former General Motors executive Stephen Girsky as CEO
Detroit — Electric and hydrogen-powered heavy truck maker Nikola Corp. has named board Chairman Stephen Girsky as its new CEO. The former General Motors Co. executive and auto industry analyst replaces Michael Lohscheller, who will step down immediately as CEO, and as a board member on Aug. 31. The Phoenix-based company says in a statement… Continue reading Electric truck maker Nikola names former General Motors executive Stephen Girsky as CEO
UAW demands 46% pay hike in talks with Detroit Three automakers
The United Auto Workers is seeking a 46% wage increase over four years as a part of its negotiations with the Detroit Three automakers, according to a page of the union’s written demands. The proposal would be the largest pay increase in recent memory. The proposal from the Detroit-based union that represents approximately 150,000 workers… Continue reading UAW demands 46% pay hike in talks with Detroit Three automakers
BMW boosts electric car spending to catch up with Tesla
BMW AG is stepping up spending on its electric-car rollout after the luxury-car maker’s battery-vehicle deliveries more than doubled during the first half of the year. The level of buyer interest in EVs means BMW is “investing more than originally planned in the global ramp-up of e-mobility,” Chief Financial Officer Walter Mertl said Thursday, adding… Continue reading BMW boosts electric car spending to catch up with Tesla