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Toyota To Build EV Battery Plant for Lexus EVs

Toyota To Build EV Battery Plant for Lexus EVs

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Toyota is set to construct a new battery plant for electric vehicles in Fukuoka, located in the southwestern prefecture, as reported by the Nikkei business daily on Friday. This new  Full Article »

Automotive

GM Delays Planned Retooling of St. Catharines Propulsion Plant in Canada to Produce EV Motors

GM Delays Planned Retooling of St. Catharines Propulsion Plant in Canada to Produce EV Motors

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General Motors (GM) has decided to delay its plans to produce electric vehicle (EV) motors at the St. Catharines Propulsion Plant in Canada. The exact costs for retooling the plant  Full Article »

Automotive

Toyota Expanding Alabama Plant Production with $282 Million Investment

Toyota Expanding Alabama Plant Production with $282 Million Investment

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Toyota is making a major investment in its Huntsville, Alabama engine plant. The automaker announced a $282 million expansion that will bolster production capabilities and add over 350 new, high-quality  Full Article »

Automotive

Vietnamese EV Maker VinFast Considering Delay of $4 Billion US Plant

Vietnamese EV Maker VinFast Considering Delay of $4 Billion US Plant

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Vietnamese electric vehicle (EV) manufacturer VinFast is contemplating another delay in the construction of its planned $4 billion factory in North Carolina. This consideration stems from the company’s ongoing struggle  Full Article »

Automotive

Toyota Preparing $531 Million Texas Truck Plant Investment

Toyota Preparing $531 Million Texas Truck Plant Investment

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Toyota is planning an investment of $531 million into its truck manufacturing plant in Texas. This investment aims to enhance the production of vehicle components at the facility, which currently  Full Article »

Automotive

Honda Investing $11 Billion on Electric Vehicle Assembly and Battery Output in Canada

Honda Investing $11 Billion on Electric Vehicle Assembly and Battery Output in Canada

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Honda is set to embark on a substantial investment journey in Canada, earmarking a staggering $11 billion towards the establishment of electric vehicle assembly and battery output facilities. The announcement,  Full Article »

Automotive

Toyota to Invest $1.3 Billion for Georgetown, Kentucky EV Battery Factory Complex

Toyota to Invest $1.3 Billion for Georgetown, Kentucky EV Battery Factory Complex

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Toyota has announced a substantial investment of $1.3 billion in its Georgetown, Kentucky factory complex to facilitate the production of a new three-row electric SUV intended for the U.S. market.  Full Article »

Automotive

Tesla to Raise Pay for US Factory Workers

Tesla to Raise Pay for US Factory Workers

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Tesla is reportedly set to increase the pay for its production workers in the United States, according to a report by Bloomberg News. The pay raise comes amid a trend  Full Article »

Automotive

VinFast to Build $2 Billion EV Plant in India Forwarding Global Expansion Plans

VinFast to Build $2 Billion EV Plant in India Forwarding Global Expansion Plans

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VinFast, the Vietnamese electric vehicle automaker, has unveiled plans to invest up to $2 billion in constructing an electric vehicle (EV) factory in India, signaling its ambitious expansion into the  Full Article »

Automotive

Honda Considering $14 Billion EV & Battery Production Plant in Canada

Honda Considering $14 Billion EV & Battery Production Plant in Canada

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Honda Motor Co is reportedly exploring the possibility of establishing an electric vehicle (EV) plant in Canada, marking a substantial investment estimated at nearly 2 trillion yen ($13.83 billion), as  Full Article »

Automotive

Ford Scales Back Michigan EV Battery Plant Investment, Restarts Construction

Ford Scales Back Michigan EV Battery Plant Investment, Restarts Construction

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Ford Motor is adjusting its plans for an electric-vehicle (EV) battery plant in Michigan, opting to scale back investment, capacity, and job numbers amid concerns from U.S. lawmakers regarding the  Full Article »

Automotive

Hyundai to Raise US Hourly Wages by 14% Next Year, 25% by 2028 After UAW Deal

Hyundai to Raise US Hourly Wages by 14% Next Year, 25% by 2028 After UAW Deal

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Hyundai Motor has announced plans to increase wages for nonunion production workers at its Alabama factory by 25% by 2028, following recent agreements reached by the United Auto Workers (UAW)  Full Article »

Automotive

GM & Stellantis Among Investors in $33M Company Producing Magnets without use of Rare Earth Metals

GM & Stellantis Among Investors in $33M Company Producing Magnets without use of Rare Earth Metals

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General Motors (GM) and Stellantis, two major automotive manufacturers, are part of a group of investors who have collectively injected $33 million into a Minnesota-based company called Niron Magnetics. Niron  Full Article »

Automotive

Toyota More than Doubles Investment in NC Battery Plant Spending Additional $8 Billion

Toyota More than Doubles Investment in NC Battery Plant Spending Additional $8 Billion

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Toyota is increasing its investment in the Toyota Battery Manufacturing North Carolina plant, with an additional $8 billion being poured into the project. This marks the second expansion of the  Full Article »

Automotive

South Korean Auto Parts Supplier Plans $72.5M Plant Near Hyundai Facility in Georgia

South Korean Auto Parts Supplier Plans $72.5M Plant Near Hyundai Facility in Georgia

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A South Korean auto parts supplier, Daechang Seat Corp., has set its sights on Georgia as it prepares to establish a new manufacturing facility worth $72.5 million in the vicinity  Full Article »

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