CEO of Tesla Motors Elon Musk speaks at the Tesla Giga Texas manufacturing “Cyber Rodeo” grand opening party in Austin, Texas, on April 7, 2022. Suzanne Cordeiro | AFP | Getty Images Shares in electric vehicle maker Tesla have fallen 28% since October 27, when CEO Elon Musk bought Twitter and appointed himself “Chief Twit,”… Continue reading Tesla shares have fallen 28% since Elon Musk took over Twitter, lagging other carmakers
Category: US Motoring Press
‘Battery Belt’ widens with $3.5 billion Redwood Materials plant
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading ‘Battery Belt’ widens with $3.5 billion Redwood Materials plant
GM recalls over 825K vehicles to fix daytime running lights
Detroit — General Motors is recalling more than 825,000 SUVs and cars in the U.S. and Canada because the daytime running lights may not turn off when the headlights are on. The recall covers certain 2022 and 2023 Cadillac Escalade, Chevrolet Silverado 1500, Chevrolet Suburban and Tahoe, GMC Sierra 1500 and GMC Yukon SUVs. Also… Continue reading GM recalls over 825K vehicles to fix daytime running lights
Stellantis idling Jeep plant shows Midwest’s struggle in EV era
This content is only available to subscribers. Get unlimited digital access. $1 for 6 Months. Subscribe Now Your subscription supports: Unlimited access to subscriber only articles on desktop, tablet and mobile web. The eNewspaper, a digital replica of the print paper, every day. Trusted, up-to-date local Detroit and Michigan breaking news. Newsletters on topics that… Continue reading Stellantis idling Jeep plant shows Midwest’s struggle in EV era
Forvia cuts metals department in Highland Park, lays off 268
Automotive supplier Forvia is closing its metals department in Highland Park and laying off 268 employees, according to a Worker Adjustment and Retraining Notification to the state. The company is moving the production to another facility, which wasn’t identified in a statement from spokeswoman Misty Matthews. Waymon Halty, vice president of United Auto Workers Local… Continue reading Forvia cuts metals department in Highland Park, lays off 268
MEDC OKs incentives for EV component projects from Lear, Magna, Underwriters Laboratories
Several automotive suppliers on Tuesday announced expansion plans in Michigan in response to increasing demand for electric vehicle components following approval of taxpayer-funded incentives from the Michigan Economic Development Corp. Lear Corp. will receive more than $6.413 million in incentives for a total of more than $112 million in investments for a new plant in… Continue reading MEDC OKs incentives for EV component projects from Lear, Magna, Underwriters Laboratories
Volkswagen Group announces major strategic reshuffle
The Volkswagen Group has outlined plans for a major restructuring under new CEO Oliver Blume. In a move aimed at providing a “closer working connection” between each of the German giant’s main brands, Volkswagen, Audi and Porsche will take on new areas of competence within a revised business structure that will provide “clearer priority setting and… Continue reading Volkswagen Group announces major strategic reshuffle
Save up to 40% with an Autocar subscription
Autocar’s Christmas subscription offer is now available, and you can save up to 40% off the cover price for the first 13 issues. You will love our famous road tests, first drives of the hottest new cars and breaking news from the industry. And subscription means you will be able to access the opinions of our… Continue reading Save up to 40% with an Autocar subscription
Nio prepares to launch £100,000-plus electric luxury saloon
Nio is preparing to enter the upper-luxury sector with a new electric saloon, according to a Chinese media report citing an insider with knowledge of the Shanghai-based car maker’s future model plans. Claimed to be in the early design and engineering phase, the new four-door has reportedly been conceived around a price of more than RMB1… Continue reading Nio prepares to launch £100,000-plus electric luxury saloon
Toyota Hilux BEV, IMV0 concepts unveiled by Akio Toyoda
Toyota has showcased the IMV0 (emission) concept and Hilux Revo BEV concept in Bangkok. Developed to celebrate 60 years of Toyota in Thailand, these pick-up truck concepts use the Hilux as a base and look to provide a greener alternative when compared to more traditional powertrains. While no details of the EV or for that matter the alternate… Continue reading Toyota Hilux BEV, IMV0 concepts unveiled by Akio Toyoda