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 »
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 »
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 »
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 »
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 »
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 »
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 »
Ford has made the unexpected decision to temporarily halt construction on its $3.5 billion electric vehicle battery plant in Michigan. This surprising move comes as the automaker faces ongoing challenges Full Article »
Hyundai is eagerly accelerating its plans to establish electric vehicle (EV) and battery production facilities in Georgia. This ambitious endeavor, valued at $7.6 billion, has been expedited by the allure Full Article »
BMW has announced a significant investment of 600 million pounds (approximately $750 million) into its UK manufacturing plants with the goal of transitioning its Mini brand to an all-electric lineup Full Article »
Hyundai Motor Group and LG Energy Solution have recently announced their joint plan to invest an additional $2 billion in the ongoing development of electric vehicle (EV) batteries at their Full Article »
The Biden administration has unveiled a significant initiative aimed at accelerating the transition to electric vehicles (EVs) and supporting the American auto industry. Energy Secretary Jennifer Granholm announced that the Full Article »
The recent shutdown of Toyota Motor Corp’s plants in Japan, which sent shockwaves through the automotive industry, has been attributed to a malfunction that occurred during a system update, rather Full Article »