by Michael Strong | Nov 12, 2019
Tesla will build its new production facility, Gigafactory 4, near Berlin, Chief Executive Officer Elon Musk said Tuesday. Musk revealed the location of the new plant during an awards ceremony in Germany, according to Reuters. He said it will be close to the Berlin...
by Paul A. Eisenstein | Nov 8, 2019
Volkswagen is accelerating its push into the all-electric market as it prepares to bring dozens of different models to market by mid-decade, and that includes a production version of the ID. Space Vizzion concept it will debut at the Los Angeles Auto Show later this...
by Paul A. Eisenstein | Nov 8, 2019
There’s been plenty of speculation in recent months about the direction Jaguar Land Rover will take as it adapts to pressure to electrify its line-up. The Jaguar side already has the all-electric I-Pace and has confirmed plans to go battery-electric with the...
by Michael Strong | Nov 7, 2019
Now that the ink on its contract with the UAW is dry, General Motors pulled the trigger on another deal, selling its Lordstown, Ohio plant to an electric vehicle maker. No terms were released on the sale to Lordstown Motors, the company created by Workhorse Group to...
by Michael Strong | Nov 7, 2019
Toyota Motor Co. celebrated beating analysts’ estimates for its second quarter by announcing a $1.8 billion share buyback. Operating profit rose 14% to 662.3 billion yen, or $6.1 billion, for the quarter ended Sept. 30, marking Toyota’s best second quarter since...
by Joseph Szczesny | Nov 6, 2019
Federal prosecutors have charged Joe Ashton, a former United Auto Workers vice president who served as director of General Motors Co., with money laundering and wire fraud in the wide-ranging probe into corruption among leaders of the UAW. Ashton, who served as head...
by Paul A. Eisenstein | Nov 4, 2019
Infiniti will launch at least three new battery-powered models over the next several years and they will offer buyers two distinct drivetrain options, company officials confirmed at a background briefing. Based on an all-new architecture specifically developed for...
by Joseph Szczesny | Nov 2, 2019
United Auto Workers President Gary Jones is taking a leave of absence following new revelations in the scandal that has rocked the union, long one of most influential in the U.S., during the past two years. Jones’ temporary departure was approved by a vote of the...
by Paul A. Eisenstein | Oct 31, 2019
It pays to make friends, especially if you’re both running large corporations that could have something in common. So it proved to be the case with Michael Manley and Carlos Tavares. When they first got to know one another a decade ago they were ambitious, fast-rising...
by Michael Strong | Oct 30, 2019
As quickly as it became a possibility, the potential merger of Fiat Chrysler and Peugeot appears to have become a reality with the two automakers tentatively agreeing to a merger. Peugeot’s board of directors approved the deal earlier Wednesday while the FCA board is...
by Michael Strong | Oct 30, 2019
General Motors keeps adding things to the daily to-do list for Mark Reuss, named president of the company in January, who will now oversee the company’s regional operations: North America, South America, China and International. Reuss continues to report to Chairman...
by Joseph Szczesny | Oct 30, 2019
While the debate about when and how Great Britain will leave the European Union has upended British politics, it is also frustrating to Japanese carmakers, which represent a hefty piece of the country’s economy. Japanese manufacturers are growing frustrated about...