Category: News Site

GM to idle 3 plants in North America due to semiconductor shortage

General Motors is idling three of its assembly plants in North America and running a fourth in South Korea at half capacity for one week as it struggles with the ongoing semiconductor shortage that has already impacted production at Ford Motor Co., Stellantis and others globally. On Monday, GM will idle the following plants  — which run two shifts — for… Continue reading GM to idle 3 plants in North America due to semiconductor shortage

Tesla may build a technology into its cars that could make them more secure and easier to find in parking lots

Tesla could hone its keyless entry by building ultra-wideband technology into its vehicles. The technology could allow drivers to easily locate their cars even in a crowded parking lot. UWB works similarly to Bluetooth and Wi-Fi, but with better accuracy. Visit the Business section of Insider for more stories. Tesla is honing the keyless entry… Continue reading Tesla may build a technology into its cars that could make them more secure and easier to find in parking lots

Tesla says its faulty touchscreens that led to a recall were only built to last 5-6 years (TSLA)

Tesla agreed to recall more than 134,000 of its cars over faulty touchscreens this week.  US regulators said the failing displays could affect essential components like the rear-view camera. Tesla agreed to the recall, and said its screens shouldn’t be expected to last more than 5-6 years.  Visit the Business section of Insider for more… Continue reading Tesla says its faulty touchscreens that led to a recall were only built to last 5-6 years (TSLA)

Panasonic plans to deploy Tesla 4680 battery cell production later this year

Panasonic confirmed that it plans to set up Tesla 4680 battery cell production at GIgafactory Nevada later this year. They expect higher revenue from the Tesla partnership. Tesla’s call for higher battery production When Tesla unveiled its plan to produce its own new tabless battery cell in a bigger format with a new chemistry using its own… Continue reading Panasonic plans to deploy Tesla 4680 battery cell production later this year

Tesla updates Model Y timeline in Europe, hints at Gigafactory Berlin to start production ‘mid-2021’

Tesla has updated its Model Y delivery timeline in Europe – hinting that Gigafactory Berlin will start production in “mid-2021.” Tesla Model Y in Europe With Model Y, Tesla has taken a completely different approach to rolling out the vehicle in new markets. Previously, the automaker would start production of a new vehicle at the… Continue reading Tesla updates Model Y timeline in Europe, hints at Gigafactory Berlin to start production ‘mid-2021’

China’s FAW considers acquiring BMW partner Brilliance in $7.2 billion deal: Sources

Under plans currently being discussed, FAW would first purchase 30.43% of Brilliance owned by Huachen and 11.89% owned by the state-controlled Liaoning Provincial Transportation Investment Group, said the sources. FAW Group is looking at acquiring Brilliance China Automotive Holdings Ltd, BMW‘s main Chinese partner, in deals that may cost it some $7.2 billion and then… Continue reading China’s FAW considers acquiring BMW partner Brilliance in $7.2 billion deal: Sources

Toyota to produce record 9.2m vehicles in 2021

NAGOYA, Japan — Toyota Motor expects to produce a record number of vehicles this year, a sign that the Japanese carmaker has overcome the negative impact of COVID-19 and is shooting for an aggressive expansion, Nikkei has learned. Toyota plans to produce around 9.2 million vehicles worldwide through next December, up 17% from the previous… Continue reading Toyota to produce record 9.2m vehicles in 2021

Panasonic enjoys lift from Tesla but perils lurk ahead

OSAKA — Panasonic now expects group net profit of 150 billion yen ($1.43 billion) for the year ending in March, the company said Tuesday, as its battery supply business with U.S. electric-vehicle maker Tesla is expected to go into the black over a 12-month period for the first time. The figure still represents a 34% slide for the year,… Continue reading Panasonic enjoys lift from Tesla but perils lurk ahead