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Category: US Motoring Press
Anand Group and Mando set up JV to tap electric 2-, 3W parts market
The multi-company Anand Group and Mando Corporation are to set up a new joint venture called Anand Mando eMobility, aimed at tapping the growing market for two- and three-wheeler powertrain electrification. The Anand Group will hold a majority stake of 60% in the JV, with Mando Corporation the balance 40%. This will be the second… Continue reading Anand Group and Mando set up JV to tap electric 2-, 3W parts market
Hyundai opens spanking new HQ in Gurgaon, likely to set up in-house design studio
Hyundai Motor India (HMI), which is celebrating its silver jubilee in India, inaugurated its new corporate headquarters in Gurgaon today. The new 10-storied headquarter in Gurgaon, which is Delhi-NCR’s IT belt, is a greenfield project spread across 28,000 square metres. Work on this project had first commenced in February 2018. Hyundai moved to this bigger… Continue reading Hyundai opens spanking new HQ in Gurgaon, likely to set up in-house design studio
SsangYong reveals design of next-gen SUV
SsangYong Motor Company (SMC), owned by India’s Mahindra Group, has released the design of its next-generation SUV. Under the code name of X200, the new car carries the brand’s newly created design vision and philosophy, presenting the value and future direction of its new products. A spokesperson for SMC said: “The design of the new… Continue reading SsangYong reveals design of next-gen SUV
GM, Cruise sue Ford over use of BlueCruise name
Detroit — General Motors Co. and Cruise, its majority-owned autonomous vehicle company, are suing Ford Motor Co. over its use of the name BlueCruise. GM and Cruise, in a late Friday filing in the U.S. District Court of Northern California, claim Ford did “not have the permission or consent of Cruise or GM to use “BlueCruise,” and… Continue reading GM, Cruise sue Ford over use of BlueCruise name
Stellantis opening billions of dollars in new credit lines as chip shortage continues
Stellantis is adding billions of dollars to its available credit, giving itself more of a cushion as the auto industry continues to grapple with a microchip shortage affecting production of new vehicles that does not appear to be letting up. The automaker announced Friday that it had signed a new revolving credit facility of approximately… Continue reading Stellantis opening billions of dollars in new credit lines as chip shortage continues
GM recalls Bolt EVs again because some batteries may pose fire risk
General Motors is recalling tens of thousands of Chevrolet all-electric Bolt hatchbacks for the second time in less than a year because of a potential fire risk. The company made the move on Friday after two Bolts caught fire without impact recently. GM is confirming that at least one of the Bolt fires was battery-related and happened… Continue reading GM recalls Bolt EVs again because some batteries may pose fire risk
GM issues new recall on Bolts after more battery fires
Detroit — General Motors Co. is again recalling more than 68,000 Chevrolet Bolt EVs from model years 2017 through 2019 for battery defects that have caused fires, the automaker said Friday. GM and battery partner LG Energy Solution found the root cause of battery fires on the Bolts to be “the simultaneous presence of two rare manufacturing defects in the same… Continue reading GM issues new recall on Bolts after more battery fires
Stellantis CEO on weather events pushing electrification: Our company is ready
The head of the world’s fourth-largest automaker on Wednesday acknowledged that public opinion in the wake of recent devastating floods in Europe and elsewhere is likely to push governments toward stricter regulations on emissions and accelerate the auto industry’s move to electrification. Specifically mentioning flooding that claimed hundreds of lives in Germany, Belgium and Austria in the… Continue reading Stellantis CEO on weather events pushing electrification: Our company is ready
Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says
The maker of Jeep and Ram has five years to absorb the roughly 40% increase in costs that electrified vehicles represent before Stellantis NV could face restructuring and job cuts, CEO Carlos Tavares said Wednesday. Tavares and experts have held that not every automaker will be able to make the historic transformation to electric vehicles… Continue reading Stellantis has 5 years to absorb 40% EV cost hike, avoid job cuts, CEO says