Magna is taking a significant step forward in its commitment to sustainability and environmental stewardship. The company has submitted net-zero emissions targets for validation by the Science Based Targets initiative (SBTi), the widely-accepted benchmark for decarbonisation targets in line with the Paris Climate Agreement. Magna’s goal is to achieve net-zero emissions status by 2050, and… Continue reading Magna targets net-zero emissions by 2050
Category: US Motoring Press
Vitesco and Cebi Group develop sensor cleaning system for autonomous electric vehicles
Vitesco Technologies, a leading international manufacturer of advanced powertrain technologies and electrification solutions and Cebi Group, a specialist in washer systems, are partnering to develop the Advanced Sensor Cleaning System (ASCS), a highly integrated all-in-one solution that can keep more than 10 environmental sensors clean with water pressure of up to 7 bar, using just… Continue reading Vitesco and Cebi Group develop sensor cleaning system for autonomous electric vehicles
Autocar magazine 30 August: on sale now
This week in Autocar, we have all you need to know about Jaguar’s long-awaited electric XJ saloon, find out what is Britain’s best fun EV, and drive a Unimog. News Jaguar is preparing to launch a large, lavish electric saloon to serve as an indirect replacement for the axed XJ EV, and it’s set to be… Continue reading Autocar magazine 30 August: on sale now
Canadian autoworkers union Unifor to negotiate contract with Ford first
Unifor — the union that represents autoworkers in Canada — on Tuesday chose Ford Motor Co. as the automaker it will negotiate a new labor contract with first. That means the union’s bargaining committees at General Motors and Stellantis will pause negotiations while the master bargaining committee works with Ford to come up with a… Continue reading Canadian autoworkers union Unifor to negotiate contract with Ford first
Stellantis wants to move Ram truck production from Michigan to Mexico, UAW leader says
UAW Vice President Rich Boyer didn’t hold back when he said Stellantis wants to move production of its popular Ram 1500 pickup from Michigan to Mexico. “That’s an American product. It’s going to stay here in America,” Boyer told a boisterous crowd at a recent union rally tied to ongoing contract negotiations with Ford Motor… Continue reading Stellantis wants to move Ram truck production from Michigan to Mexico, UAW leader says
Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.
JB Straubel sits down with CNBC’s Phil LeBeau at Redwood Materials. Redwood Materials, the battery and e-waste recycling startup founded by former Tesla CTO JB Straubel, announced Tuesday that it has closed a $1 billion funding round to expand operations in the U.S. The company takes spent electric vehicle batteries, breaks them down, and uses… Continue reading Redwood Materials, run by ex-Tesla CTO, raises $1 billion to expand recycling operations in U.S.
Nio reports wider second-quarter loss amid China slowdown and product line revamp
Nio’s ET5 stands on display at the Central China International Auto Show on May 25, 2023, in Wuhan, China. Getty Images | Getty Images News | Getty Images Chinese electric vehicle maker Nio lost $835.1 million in the second quarter, more than twice its year-ago loss as deliveries of its upscale EVs slipped amid a… Continue reading Nio reports wider second-quarter loss amid China slowdown and product line revamp
GM, Google exploring ways to use AI across automaker’s business
The GM logo is seen on the facade of the General Motors headquarters in Detroit, Michigan, March 16, 2021. Rebecca Cook | Reuters DETROIT – General Motors is working with Google to explore opportunities to implement AI technologies across the automaker’s business, the companies announced Tuesday. The broad partnership around generative, or conversational, AI between… Continue reading GM, Google exploring ways to use AI across automaker’s business
Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
A BYD ATTO 3 is displayed during the British Motor Show at Farnborough International Exhibition Centre on August 17, 2023 in Farnborough, England. John Keeble | Getty Images News | Getty Images Shares of Chinese automaker BYD listed in China jump more than 5% Tuesday, a day after posting a stellar jump in first half… Continue reading Shares of BYD jump after Chinese EV maker posts 200% surge in first half profit
X, formerly Twitter, faces 2,200 arbitration cases and filing fees over $3 million
In this photo illustration, the new Twitter logo rebranded as X (X Corp.) is seen on a smartphone and Elon Musk Twitter account with the new X logo on a pc screen. Pavlo Gonchar | Lightrocket | Getty Images X, the social network formerly known as Twitter, is facing 2,200 arbitration cases that ex-employees filed… Continue reading X, formerly Twitter, faces 2,200 arbitration cases and filing fees over $3 million