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Inflation Reduction Act South Korea

S. Korean President plans US visit to address Inflation Reduction Act...

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South Korean President Yoon Suk-yeol will make his first official trip to the United States this week, and talks about electric vehicle subsidies will...
Ford

Ford says it could face $1 billion in extra supplier costs...

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Ford Motor Company says it is facing an extra $1 billion in supplier costs in the third quarter, echoing the problem faced by other...
optimus Tesla

Tesla re-assigns Autopilot team to ‘Optimus’ robot project

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EV maker Tesla and its CEO Elon Musk are busy building robots, despite complaints and class-action lawsuits from customers who claim they paid for...
legacy automakers

Legacy automakers aim to grab more EV market share from Tesla

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Tesla is still number one in the electric vehicle segment, but legacy automakers like Ford and Hyundai are working hard to change that. With...
lithium-ion EV batteries

Lithuim-ion EV batteries will always cost more that ICEs says Honda...

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Electric vehicle popularity is surging nationwide and globally as countries look to find ways to limit carbon emissions and incentivize consumers to make the...
Ford

Ford seeks smartphone-based safety tech to alert drivers of nearby pedestrians

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Ford Motor Company and a slew of tech partners are working to develop a smartphone application that will alert drivers of pedestrians, bicyclists, and...
Honda

Honda overpays employee bonuses, requires factory workers to repay

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Honda Motor Company is asking some employees from its Marysville factory in Ohio to repay a portion of bonuses the company said were accidentally...
inflation

The Fed will likely get more aggressive in tackling inflation this...

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A number of recently released reports show a combination of positive and negative outlooks for the economy and labor market, just ahead of another...
Volkswagen

Volkswagen launches New Mobility unit with emphasis on AV and EV...

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Volkswagen is taking steps to increase its market position as an electric vehicle maker by creating a new division dubbed “New Mobility.” The division...
Lincoln

No buyouts for Lincoln dealers in EV strategy says brand President...

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Lincoln President Joy Falotico says she expects the company’s dealer network to shrink by the end of the year but announced there are no...