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Dec 17, 2024Ford And SK On's Battery Joint Venture Secures $9.63 Billion Loan From U.S. G...According to Reuters, on December 16, the U.S. Department of Energy announced that it has finalized a $9.63 billion loan for BlueOval SK, a joint venture between Ford Motor Comp... -
Dec 17, 2024Lamborghini's First Electric Vehicle Delayed Until 2029According to Reuters, on December 16, Stephan Winkelmann, CEO of Volkswagen Group's Lamborghini brand, stated that the company will continue producing cars in Italy and plan... -
Dec 16, 2024U.S. To Grant $225 Million To Bosch For Chip ProductionAccording to Reuters, the U.S. Department of Commerce has reached a preliminary agreement with German automotive supplier Bosch. The Department of Commerce will provide up to $2... -
Dec 16, 2024Mitsubishi Electric Seeks To Form Japan Power Chip AllianceAccording to Bloomberg, Mitsubishi Electric Corp. CEO Kei Uruma revealed that the company is in discussions with domestic competitors about collaborating on power chip productio... -
Dec 15, 2024Abu Dhabi Investment Firm Acquires McLarenAccording to media reports, Abu Dhabi-based investment firm CYVN Holdings has finalized a deal to acquire the supercar division of McLaren from Bahrain's sovereign wealth fu... -
Dec 15, 2024Kia Europe Appoints New COOAccording to media reports, Kia Europe has promoted its Head of Product and Marketing, Sjoerd Knipping, to the position of Chief Operating Officer (COO). This appointment comes ... -
Dec 12, 2024For The First Time in Seven Years: Japan's Auto Unions To Set Specific Pay Ra...According to Reuters, unions at major Japanese automakers will set specific pay raise targets during wage negotiations for the first time in seven years. The move aims to encour... -
Dec 12, 2024Bosch Supervisory Board Vice Chairman: Up To 10,000 Jobs in Germany At RiskAccording to Reuters, on December 11, Frank Sell, Vice Chairman of the Supervisory Board and Head of the Labor Council for Bosch's Key Mobility Solutions division, stated that a... -
Dec 11, 2024Denso Restructures Organization And ManagementAccording to media reports, Japanese automotive parts supplier Denso has announced adjustments to its organizational structure and management team, set to take effect on January... -
Dec 11, 2024The Global Market Share Of South Korea's Three Major Battery Manufacturers De...According to Yonhap News, industry data released on December 9 shows that the combined global market share of South Korea's three electric vehicle (EV) battery manufacturers... -
Dec 10, 2024Canadian Auto Production Declines Sharply Before Trump's PresidencyAccording to Bloomberg, the manufacturing think tank Trillium Network for Advanced Manufacturing (Trillium) reports that Canadian auto factories are set to produce approximately... -
Dec 10, 2024NHTSA Ends Preliminary Investigation Into Fisker OceanAccording to media reports, the U.S. National Highway Traffic Safety Administration (NHTSA) announced on December 9 that it has concluded a preliminary evaluation into an issue ...
