Plans

GAC rebuffs Stellantis's Chinese joint venture plans

GAC rebuffs Stellantis’s Chinese joint venture plans

GAC has reacted to an announcement made by Stellantis on Thursday outlining its plans to increase its shareholding in the GAC-Stellantis joint venture, claiming the move isn’t agreed.  The Chinese manufacturer said it learned of the announcement regarding the equity adjustment from Stellantis’s official website. In the announcement, Stellantis said it planned to increase its …

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GM Plans Biggest Manufacturing Investment Ever In Its Home State For EV, Battery Production

GM Plans Biggest Manufacturing Investment Ever In Its Home State For EV, Battery Production

Ultium Cells, a joint venture of LG Energy Solution and General Motors, announced a $2.6 billion … [+] investment to build its third battery cell manufacturing plant in the United States. The facility will be located in Lansing, Michigan. The new battery cell plant is expected to create 1,700 new jobs when the facility is …

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Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans

Ford Blows Past $100 Billion Market Valuation As Shares Surge Thanks To Hot Electric Vehicle Plans

Topline Shares of Ford continued to move higher on Thursday—with the legacy automaker’s market value surpassing $100 billion for the first time ever—as more Wall Street analysts bet on the company successfully ramping up electric vehicle production. Ford CEO Jim Farley stands next to the company’s new F-150 Lightning pickup. Carlos Osorio/ASSOCIATED PRESS Key Facts …

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Genesis Plans European Expansion But Odds Are Stacked Against Success

Genesis Plans European Expansion But Odds Are Stacked Against Success

Genesis GV80 Genesis Hyundai’s upmarket subsidiary Genesis is bravely going where almost no one has gone before, as it seeks European premium sector success in face of all the odds pointing to failure. Tesla’s TSLA unique battery technology guaranteed success in this demanding market. High quality isn’t enough; success demands something unique in your resume. …

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Ford Plans To Nearly Double Output Of Hot F-150 Lightning To 150,000

Ford Plans To Nearly Double Output Of Hot F-150 Lightning To 150,000

Vehicle-to-vehicle charging with the Ford F-150 Lightning. Ford Responding to surprising demand from “handraisers” for the vehicle, Ford Motor made the stunning decision to nearly double production capacity of the all-electric F-150 Lightning pickup truck to 150,000 vehicles a year as the nameplate nears customer deliveries in spring. The company may have been wary initially …

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Investors Like Toyota’s Accelerated Electric Plans, Although They’re Slower Than Rivals

Investors Like Toyota’s Accelerated Electric Plans, Although They’re Slower Than Rivals

Toyota bZ4X. bZ – “Beyond Zero” on sale in 2022 (Photo by VCG/VCG via Getty Images) VCG via Getty Images As the world’s biggest auto makers scramble to signal their virtue by embracing battery electric vehicles by tomorrow if possible, Toyota of Japan has either been slow to embrace new trends or has been carefully …

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