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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 »

Automotive

Ford Pauses Work on $3.5 Billion Michigan Battery Plant

Ford Pauses Work on $3.5 Billion Michigan Battery Plant

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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 »

Automotive

Hyundai in a Haste to Open Georgia Plant To Take Advantage of Domestic EV Production Incentive Rewards

Hyundai in a Haste to Open Georgia Plant To Take Advantage of Domestic EV Production Incentive Rewards

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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 »

Automotive

BMW Investing $750 Million to Build Mini EVs in the UK

BMW Investing $750 Million to Build Mini EVs in the UK

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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 »

Automotive

Hyundai and LG to Invest Additional $2 Billion into EV Battery Production at Georgia Electric Vehicle Plant

Hyundai and LG to Invest Additional $2 Billion into EV Battery Production at Georgia Electric Vehicle Plant

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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 »

Automotive

Biden Administration Offers $12 Billion in Grants and Loans for EV and Advanced Vehicle Production

Biden Administration Offers $12 Billion in Grants and Loans for EV and Advanced Vehicle Production

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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 »

Automotive

Toyota Plant Shutdown Took Place During System Update, Not Cyberattack

Toyota Plant Shutdown Took Place During System Update, Not Cyberattack

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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 »

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