Hyundai Motor Group is reportedly preparing to make waves in the U.S. automotive and industrial sectors with a landmark $20 billion investment set to be unveiled at the White House. Full Article »
Nissan, Japan’s third-largest automaker, is undertaking drastic measures to stay afloat as it faces dwindling sales in two of the world’s largest automotive markets: the United States and China. The Full Article »
Volkswagen, Europe’s largest automaker, faces a challenging financial landscape as third-quarter earnings plummeted, prompting calls for urgent cost reductions across its German operations. The company reported a net profit of Full Article »
In a bold move that has reignited debates on trade policies, former President Donald Trump has threatened to impose a 200% tariff on vehicles imported from Mexico. This escalation comes Full Article »
In a strategic move toward the future of automotive manufacturing, Stellantis announced a $406 million investment across three Michigan factories. This investment is part of the automaker’s broader strategy to Full Article »
General Motors (GM) and Samsung SDI have finalized their joint venture for a cutting-edge electric vehicle (EV) battery cell plant in New Carlisle, Indiana. However, the production timeline has been Full Article »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
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 »
