To reach $90 billion in electric vehicle revenue by 2030, General Motors Co. is continuing to grow a North American-focused supply chain for its coming EVs and on Thursday revealed two new partners in that mission. First, GM has formed a supply partnership for rare earth materials, alloy and finished magnets for electric motors from… Continue reading GM brings in partners to build up North American EV supply chain
Category: US Motoring Press
Bugatti launches design division with bespoke Chiron Pur Sport
Bugatti has launched a new division that will offer “never-before-seen levels of personalisation”, starting with a special design for the Chiron Pur Sport. The Bugatti Sur Mesure programme has been created because of increasing demand from customers for personalised vehicles, and Bugatti says it will give customers “the full Molsheim experience”. The division’s first creation is a Chiron… Continue reading Bugatti launches design division with bespoke Chiron Pur Sport
Bentley opens state-of-art test facility in Crewe
Bentley has taken a significant step in its plans to electrify all of its models from 2024, having officially opened its new engineering test centre at its headquarters in Crewe. The £12.5 million site, which is a two-storey, 4600-square-metre facility, will begin testing immediately after receiving official approval from the UK’s Vehicle Certification Agency (VCA).… Continue reading Bentley opens state-of-art test facility in Crewe
Skoda CEO Thomas Schäfer to become Volkswagen boss
Current Skoda boss Thomas Schäfer will switch over to head up Volkswagen next year as part of a major reshuffle of the Volkswagen Group management team. Schäfer only took over as Skoda chairman in August last year, having previously served as the head of the VW Group’s South African operation. He will take up his… Continue reading Skoda CEO Thomas Schäfer to become Volkswagen boss
VW Group details massive £76 billion EV transformation plan
The Volkswagen Group will invest €89 billion (£76bn) in new technology within the next four years as part of a push to make a quarter of all its sales battery-electric by the end of 2026. It has also announced plans to electrify more of its European factories, centring much of its flagship EV production in its Wolfsburg… Continue reading VW Group details massive £76 billion EV transformation plan
New electric BMW 3 Series for China revealed in leaked images
BMW’s plans for an electric-powered version of the current 3 Series have been laid bare in a registry filing made public by the Chinese Ministry for Information and Industry Technology (MIIT) on Thursday. The latest in a growing number of zero-emission BMW models will be marketed under the name i3 eDrive35L, according to information obtained by… Continue reading New electric BMW 3 Series for China revealed in leaked images
Yanfeng reveals production-ready ‘zero gravity’ seat
Global supplier Yanfeng has revealed the Zero Gravity Seat, a new, production-ready seat technology. The company says it has combined its interiors, safety, electronics, and seating expertise in an all-new ergonomic seating design. With the new seat, Yanfeng is showcasing how the company leverages its capabilities and engineering expertise based on end-user insights and automaker… Continue reading Yanfeng reveals production-ready ‘zero gravity’ seat
Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
Bill Ford, executive chair of Ford Motor Company, dramatically expanded his personal investment in the automaker on Wednesday, according to a federal regulatory filing. He opted to exercise nearly 2 million stock options granted to him as part of his executive pay package. A large portion of the options were set to expire soon and have no value… Continue reading Bill Ford could have sold automaker stock for $18M. He paid $20M to keep it instead.
Ford invests $900 million in Thailand manufacturing operations
Ford Motor Co. this week announced it will spend $900 million to modernize its Thailand manufacturing operations, marking the automaker’s largest-ever investment in the Southeast Asian country where it has two assembly plants. The investment will support production of the next-generation Ranger pickup truck and Everest SUV and add up to 1,250 jobs. It brings… Continue reading Ford invests $900 million in Thailand manufacturing operations
Volkswagen Group secures deal with Vulcan Group for ‘CO2-free’ lithium
The Volkswagen Group has agreed a major deal for a supply of “CO2-free” lithium hydroxide for use in cells from 2026, as part of a series of partnerships it has reached to boost its EV battery technology. Wolfsburg has secured a five-year agreement with the Vulcan Group for a supply of battery-quality lithium hydroxide, sourced from… Continue reading Volkswagen Group secures deal with Vulcan Group for ‘CO2-free’ lithium