Tag: industry news
VW will accelerate transition to electric vehicles, says CEO Oliver Blume
Volkswagen's new Chief Executive Officer, Oliver Blume, spoke at an internal conference on Thursday to mark the first official day of his tenure. During...
General Motors startup Cruise recalls self-driving software following June crash
General Motors has announced a recall of 80 self-driving vehicles under its startup, Cruise LLC. The company said the recalled vehicles underwent a software...
GM, LG Energy begin production of battery cells at Ohio plant
General Motors and LG Energy Solutions announced that their joint venture, Ultium Cells LLC, had started production at its new battery cell plant in...
Consumer confidence rose in August thanks to moderated gas prices and...
Consumer confidence is on the rise following three straight months of declines. The good news is attributed chiefly to declining gas prices and an...
Ford seeks faster mineral mining permit process from federal government
Ford Motor Company is asking the federal government to expedite permits for critical mining, according to a filing submitted to the Department of the...
Toyota increases investment in N. Carolina battery plant by $2.5 billion
Toyota Motor Corporation announced that the company would increase investment in a new US battery plant in response to rising consumer demand for electric...
Dept. of Energy grants University of Michigan $11 million to fund...
The US Department of Energy has awarded the University of Michigan an $11 million federal grant to fund research for ceramic, solid-state batteries for...
ACV Auctions files lawsuit claiming competitors violated antitrust rules
Online auction company, ACV Auctions, has filed an antitrust lawsuit that alleges several companies in the physical auction sector conspired to hinder ACV's ability to...
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...
