University of Michigan economists believe a “mild” U.S. recession is coming — but they say Michigan could be insulated from the worst effects thanks to the strength of its automotive sector. Those are some of the takeaways from annual forecasts on the U.S. and state economies released Thursday at the university’s 70th annual Economic Outlook… Continue reading UM economists: ‘Mild’ recession likely — but auto sector might insulate Michigan
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General Motors agrees to buy nickel sulfate from Vale to power EVs
General Motors Co. agreed to buy nickel supplies from Vale SA as a surge in demand for electric vehicles spurs automakers to secure access to battery metals. GM committed to buy battery-grade nickel sulfate equal to 25,000 metric tons of contained nickel per year from Vale Canada’s proposed plant east of Montreal, the Brazilian mining… Continue reading General Motors agrees to buy nickel sulfate from Vale to power EVs
Piston Group hires Wayne County chief financial officer
Piston Group has hired Wayne County Chief Financial Officer Hughey Newsome as its new CFO, the Southfield-based auto supplier announced Thursday. He takes over the role Dec. 5. “Hughey’s reputable background, financial acumen and stellar experience will be a major asset to our ongoing strategy of managed market growth while continuing to invest in optimum… Continue reading Piston Group hires Wayne County chief financial officer
As ballot deadline nears, UAW presidential candidate sues for extension
A candidate in the race to become president of the United Auto Workers is suing the union and its court-appointed monitor in an effort to extend the deadline by when members can request ballots and return them in the first direct election of top officers. Will Lehman, 35, a worker at Mack Trucks Inc. in Macungie,… Continue reading As ballot deadline nears, UAW presidential candidate sues for extension
FAW hits 10,000 vehicle mark in S. Africa
Staff members work at FAW Vehicle Manufacturers South Africa in Coega, South Africa. [Photo provided to chinadaily.com.cn] As a truck with a FAW logo slowly rolled off the production line in an assembly workshop in Coega, South Africa, on Friday, China FAW Group, announced that the plant had produced 10,000 vehicles since operations began. The… Continue reading FAW hits 10,000 vehicle mark in S. Africa
Global automakers accelerate expansion efforts for NEV sector in China
This photo taken on July 4, 2022 shows a workshop of the Volkswagen Anhui MEB (Modular Electric Drive Matrix) plant under construction in East China’s Anhui province. [Photo/Xinhua] HEFEI – China’s new energy vehicle sector remains a strong magnet for foreign investment despite the world grappling with the effects of the pandemic, thanks to the… Continue reading Global automakers accelerate expansion efforts for NEV sector in China
BYD’s 3 millionth NEV rolls off assembly line
BYD is to unveil its premium brand Yangwang in 2023. [Photo provided to chinadaily.com.cn] China’s No 1 new energy vehicle maker BYD has rolled out 3 million NEVs off its production line, said the company on Wednesday. BYD is the only Chinese carmaker that has produced 3 million NEVs. “It marks a milestone in the… Continue reading BYD’s 3 millionth NEV rolls off assembly line
Dongfeng’s Voyah unveils latest vehicle architectures
Voyah showcases one of its latest platforms on Nov 14, 2022. [Photo provided to chinadaily.com.cn] Voyah, the premium arm of State-owned Dongfeng, unveiled two smart electric vehicle architectures on Monday, as part of its efforts to grow into a technology company. Its third model, a sedan, will be the first model to be built based… Continue reading Dongfeng’s Voyah unveils latest vehicle architectures
FAW Toyota to import more Crown models into China
A senior executive unveils the Crown SportCross on Nov 15, 2022. [Photo provided to chinadaily.com.cn] Sino-Japanese joint venture FAW Toyota unveiled the SportCross on Tuesday, which is expected to further enrich the Crown lineup in China. The carmaker said it will soon import the model for car buyers in the world’s largest vehicle market. It… Continue reading FAW Toyota to import more Crown models into China
Китайский «город льда» Харбинь с его уникальным шармом посылает теплое приглашение миру
ХАРБИН (Китай), 17 ноября 2022 г. /PRNewswire/ — Согласно заявлению местного правительства, Харбин, столица самой северной провинции Китая Хэйлунцзян, посылает теплое приглашение всему миру познакомиться с его ледяной и снежной культурой, природными пейзажами, легендарной архитектурой и современной музыкой. Continue Reading Harbin is renowned for its ice and snow culture, vividly displayed in Harbin Ice and… Continue reading Китайский «город льда» Харбинь с его уникальным шармом посылает теплое приглашение миру