Tag: OEMS
Porsche optimistic on 2023 outlook, expects near 20% return on sales
Luxury German automaker Porsche has published its 2023 outlook, predicting it will earn nearly 20% back on sales.
The optimistic forecast arrives just after Porsche...
Nissan Ariya production delayed due to issues at Japan factory
Nissan is attempting to resolve issues at one of its factories which have caused production delays for its new Ariya electric crossover.
Despite launching in...
Ford to increase production of EVs and best-sellers after successful February
Ford has announced that it will increase production for some of its best-selling vehicles, after becoming the top-seller in the U.S. during February.
In its...
Lordstown Motors left with $220 million as it struggles with manufacturing
Lordstown Motors has revealed it has $220 million in cash as it looks to resume production after production was paused in February.
The company, founded...
Volkswagen reveals strong sales forecast after last year’s success
Volkswagen announced a strong sales forecast for 2023, anticipating revenue between 307 billion euros ($326 billion) and 331 billion euros ($352 billion).
The news comes...
Ford extends Lightning factory closure, production delayed over a month
Ford Motor Co. announced that a factory closure stemming from a battery-related fire would last until March 13, over a month after production was...
Hyundai and Kia post record-breaking February sales
In separate monthly reports, automakers Hyundai and Kia posted record-breaking sales numbers for February, reaching a combined total of 117,903 units.
Hyundai sold 57,044 units...
GM fires 500 employees, cites performance evaluations
General Motors is unexpectedly terminating 500 staff members after concluding a round of performance evaluations.
These terminations seemingly conflict with recent statements made by the...
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...
