Tag: industry news
Stellantis partners with the National Business League for Black supplier program
The National Business League and automaker Stellantis revealed they are partnering to launch a program to develop and support black-owned supplier companies. The National Black Supplier Development Program will...
Slim new car inventory keeps prices and profitability soaring
According to a new forecast from J.D. Power and LMC Automotive, new-vehicle retail sales for August are expected to decline compared to August 2021. Combined with record-setting...
Former Fed economist Stephen Roach sheds light on recession concerns
Stephen Roach, Senior Fellow at Yale University's Jackson School of Global Affairs, appeared on CNBC's "Fast Money" where he said the U.S. needs a "miracle" to...
S. Korean automakers share concerns over US Inflation Reduction Act
South Korean officials will meet with agents from the US Trade Representative's office and the US Treasury to express "concerns" about the Inflation Reduction Act, signed by President Joe...
Elon Musk aims to release full self-driving Tesla cars by end...
While speaking at the Offshore Northern Seas 2022 energy conference in Norway on Monday, Tesla CEO Elon Musk commented on the company's full self-driving vehicle technology, the SpaceX Starship spacecraft,...
Honda, LG Energy prepare to build $4 billion EV battery plant...
In a recently released statement, Honda Motor Company and South Korean battery maker LG Energy Solutions plan to invest $4.4 billion in a US battery plant to build lithium-ion...
To fill labor gaps, carmakers seek robotics and automation solutions
Amid a tight labor market and increasing compensation costs, North American companies are turning to robotics and automation as ways to keep up with...
LG Energy, General Motors joint-venture considering Indiana for battery cell plant
GM and LG Energy Solutions are considering opening a fourth US battery cell plant in Indiana, according to a spokeswoman for the companies' joint venture. The...
Rivian cancels least expensive R1T trim, customers express disappointment
Some customers are not pleased with Rivian's decision to cancel the entry-level version of its R1T electric truck, essentially raising the price of its base model electric truck by...
GM restores quarterly dividend more than two years after its suspension
General Motors has announced its plans to reinstate quarterly dividend payments after previously suspending them in response to the impact on sales and production caused by the...
