Tag: OEMS
Stellantis secures EDM production in Indiana, invests $150 million
Stellantis has announced $150 million in investments towards facilities in Indiana, with the goal of securing future electric drive module (EDM) production.
Used in most...
Secretary Yellen says foreign car brands may be able to qualify...
U.S. Treasury Secretary Yellen said that free trade agreements may give overseas automakers a way to earn electric vehicle tax credits without an act...
Toyota ramping up electrification efforts, considers U.S. EV factory
Upcoming Toyota CEO Koji Sato is reportedly considering refitting one of its U.S. facilities to manufacture EVs, as he prepares to accelerate the automaker's...
Why preparation and adaptability are key for auto dealers in 2023...
Although the 2023 car business is off to a strong start, dealers are anxious to avoid a false sense of security, and want to...
Ford Lightning factory shuts down for three weeks due to a...
Ford's F-150 Lightning factory in Dearborn, Michigan has been shut down since last week due to a fire caused by a battery issue.
The facility,...
What Tesla’s price cuts really mean, and why automakers are indifferent...
Earlier this year, Tesla made some unexpected price cuts across its lineup, leading to a range of reactions in the car market. While some...
Ford and CATL confirm new LFP battery factory, announce location
Yesterday afternoon, Ford and Chinese battery maker CATL confirmed a new lithium iron phosphate (LFP) battery factory in Michigan.
The news arrives some weeks after...
Honda’s Q3 performance a mixed bag: more operating profits, fewer sales
Last Friday, Honda published its third quarter financial summary, revealing impressive gains in operating profits but disappointing sales and limited production.
The automaker's operating profits...
Ford, Farley and Formula 1: A peek into the brand’s future...
Jason Stein is the host of Cars & Culture on SiriusXM, an automotive history podcast featuring interviews from business leaders such as Volkswagen CEO...
Ford disappointed by Q4 performance, but hopeful for the 2023 market
Ford has published its fourth quarter performance numbers, and, although the results are disappointing, the company's leadership remains positive over the 2023 market.
The brand's...