By Reuters Staff 2 Min Read FILE PHOTO: The General Motors Co (GM) CAMI assembly plant is seen in Ingersoll, Ontario, Canada October 13, 2017. REUTERS/Chris Helgren (Reuters) – General Motors Co and labor union Unifor said on Friday they have reached a tentative deal for the automaker to invest nearly C$1 billion ($785.42 million)… Continue reading GM to invest C$1 billion in Canada plant to manufacture electric vans
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BMW aims to double fully-electric vehicle sales in 2021
By Reuters Staff 2 Min Read FILE PHOTO: BMW i3 drives during electric car E-Rallye Baltica 2019 near Iecava, Latvia July 23, 2019. REUTERS/Ints Kalnins (Reuters) – BMW said on Friday that it aims to double its sales of fully-electric vehicles this year as the German carmaker and rivals race to release new models to… Continue reading BMW aims to double fully-electric vehicle sales in 2021
Daimler to cut production over chip shortage: Handelsblatt
By Reuters Staff 2 Min Read FILE PHOTO: Daimler AG sign is pictured at the IAA truck show in Hanover, Germany, September 22, 2016. REUTERS/Fabian Bimmer/File Photo/File Photo BERLIN (Reuters) – Daimler will cut production and reduce working hours at a second factory, the latest automaker to suffer from a global shortage of semiconductors, the… Continue reading Daimler to cut production over chip shortage: Handelsblatt
Exclusive: Toyota settles U.S. probe into delayed emissions defect reports for $180 million – filing
By David Shepardson 2 Min Read FILE PHOTO: A man walks past a Toyota logo at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019. REUTERS/Edgar Su/File Photo WASHINGTON (Reuters) – Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government… Continue reading Exclusive: Toyota settles U.S. probe into delayed emissions defect reports for $180 million – filing
Nissan CEO says Renault’s strategic plan is strong
By Reuters Staff 1 Min Read FILE PHOTO: Nissan Motor Co CEO Makoto Uchida speaks during a news conference at the company’s headquarters in Yokohama, Japan February 13, 2020. REUTERS/Kim Kyung-Hoon PARIS (Reuters) – Nissan Chief Executive Makoto Uchida said on Thursday that Renault’s strategy overhaul, aimed at focusing on fewer and more profitable models,… Continue reading Nissan CEO says Renault’s strategic plan is strong
Exclusive: Indian automaker Mahindra cuts over half of North America workforce – sources
CHENNAI/NEW DELHI/DETROIT (Reuters) – Indian automaker Mahindra & Mahindra Ltd has cut more than half of the workforce at its North American unit, two sources familiar with the matter told Reuters, due to the COVID-19 pandemic and an ongoing legal tussle. FILE PHOTO: ROXOR off-road vehicles are seen in the Mahindra Automotive North America assembly… Continue reading Exclusive: Indian automaker Mahindra cuts over half of North America workforce – sources
Chinese electric vehicle maker Xpeng secures $2 billion credit line to expand manufacturing
By Reuters Staff 1 Min Read FILE PHOTO: The logo on an XPeng Inc. P7 performance electric vehicle is seen outside the New York Stock Exchange in New York, U.S., August 27, 2020. REUTERS/Mike Segar BEIJING (Reuters) – Chinese electric vehicle maker Xpeng Inc said on Tuesday it has secured a credit line of 12.8… Continue reading Chinese electric vehicle maker Xpeng secures $2 billion credit line to expand manufacturing
GM working with ‘all the best startups’ on next-gen EV battery tech -exec
By Paul Lienert 2 Min Read FILE PHOTO: General Motors assembly workers connect a battery pack underneath a partially assembled 2018 Chevrolet Bolt EV vehicle on the assembly line at Orion Assembly in Lake Orion, Michigan, U.S., March 19, 2018. REUTERS/Rebecca Cook/File Photo DETROIT (Reuters) – General Motors Co, as part of a $27 billion… Continue reading GM working with ‘all the best startups’ on next-gen EV battery tech -exec
Chip shortage forces Ford, Toyota, Nissan, FCA to cut vehicle production
By Reuters Staff 4 Min Read TOKYO/DETROIT (Reuters) – Ford Motor Co, Toyota Motor Corp 7203.T, Fiat Chrysler Automobiles and Nissan Motor Co Ltd said on Friday they would cut vehicle production this month due to a shortage of semiconductors, becoming the latest automakers hit by a chip crunch as demand rebounds from the coronavirus… Continue reading Chip shortage forces Ford, Toyota, Nissan, FCA to cut vehicle production
BMW aims for 20% of its vehicles to be electric by 2023 -paper
By Reuters Staff 1 Min Read FILE PHOTO: A BMW electric car is seen during the E.ON annual shareholders meeting in Essen, Germany May 9, 2018. REUTERS/Wolfgang Rattay FRANKFURT (Reuters) – German luxury carmaker BMW is planning to step up its production of electric vehicles, Chief Executive Oliver Zipse told German daily Augsburger Allgemeine. “We… Continue reading BMW aims for 20% of its vehicles to be electric by 2023 -paper