Tag: OEM news
Stellantis and LG Energy Solution choose Canada for battery plant
In October of last year, Stellantis NV announced it was creating a joint venture with LG Energy Solution (LGES) to manufacture batteries that will...
Domestic manufacturing in Canada to help GM reduce reliance on foreign...
On Monday, General Motors along with POSCO Chemical announced a venture with the governments of Canada and Quebec to establish a $400 million facility...
Stellantis presents ‘Dare Forward 2030’, a decade of evolution
On Tuesday, Stellantis unveiled the company’s plan for the remainder of the decade, addressing climate issues, new model releases, and a shift in how...
Ford to split EV and ICE businesses, aims to be a...
On Wednesday, Ford announced plans to split its business into two units, separating the traditional internal combustion engine segment from the rising EV market....
Cyberattack to shut down Toyota’s operation in Japan
On Monday, Toyota announced that all Japanese operations would be suspended on Tuesday following a suspected cyberattack on a key supplier of electronic parts...
General Motors to invest billions more in battery plant and EV...
On Tuesday, General Motors announced a $2.6 billion-dollar investment to build a third battery cell manufacturing facility in the US. The new plant will...
Hyundai expects production rebound with global chip supply improvement
On a conference call Tuesday, Hyundai Motor Co. expressed hope that the global chip shortage would abate through the second quarter of 2022. It...
New guidance coming from IIHS for partially automated vehicles
On Thursday, the Insurance Institute for Highway Safety issued a release that new safety ratings will be created for partially automated vehicles. The new...
Stellantis CEO Carlos Tavares on EV push: “chosen by politicians, not...
The CEO of Stellantis said in an interview with European newspapers on Tuesday that electrification could create “social consequences”, and efforts to move toward...
General Motors CEO Mary Barra’s pay increased to $23.7M in 2020
General Motors CEO Mary Barra experienced a pay raise in 2020. Barra remained the highest-paid CEO of the major Detroit automakers last year, earning...
