Electric Truck News: Taiwan's Foxconn iPhone Maker Buys Failing Lordstown Ohio Electric Truck Plant
Oct 1, 2021
Partnership to work jointly on scalable electric vehicle programs at Lordstown Motors’ assembly plant in Ohio Lordstown Motors Corp. (“Lordstown Motors”) , a provider of electric light duty trucks focused on the commercial fleet market, and global technology company Hon Hai Technology Group (“Foxconn”) (TWSE: ... Continue reading
Hyundai News: Hyundai Motor America Reports September and Q3 2021 Sales
Oct 1, 2021
– Hyundai Motor America reported total September sales of 53,800 units, a 2% decrease compared with September 2020. ... Continue reading
Auto Dealer News: New Car Dealers In Jeopardy; China's Evolving Automobile Sales Model
Oct 1, 2021
SHANGHAI, Oct. 1, 2021 -- Cango Inc. ("Cango" or the "Company") is issuing a bi-monthly industry insight publication called "CANGO Auto View" to bring readers, drivers and passengers up to speed on the automobile market's emerging trends. ... Continue reading
Kia News: Kia America Sets Best-Ever Third Quarter Sales Performance In Company History
Oct 1, 2021
IRVINE, Calif., Sept. 30, 2021 -- Kia America today announced September sales of 52,906 units, led by Forte and Telluride models, which accelerated Kia to its best-ever third quarter sales in company history for a total of 177,014 units sold. ... Continue reading
Mitsubishi News: All-New Outlander PHEV Model Preview
Oct 1, 2021
TOKYO, Oct. 1, 2021 -- Mitsubishi Motors Corporation (MMC) will use an evolved version of Super-All Wheel Control (S-AWC)* system in its plug-in hybrid (PHEV) model of the all-new Outlander crossover SUV, which is scheduled for launch in Japan in the second half of this fiscal year** and in the U.S. in the second half ... Continue reading
Sep 29, 2021
DULUTH, Ga.--Asbury Automotive Group, Inc. , one of the largest automotive retail and service companies in the U.S., entered into a definitive agreement with Larry H. Miller Group of Companies (“LHM Group”) to acquire Larry H. Miller Dealerships, the eighth largest dealer group in the U.S., and Total Care Auto, Pow ... Continue reading
Volvo Spinoff EV maker Polestar Going Public In $20-bln deal with Gores Guggenheim SPAC
Sep 27, 2021
Sept 27 - Krystal Hu and Nick Carey writing for Reuters reported that Swedish electric-car maker Polestar said on Monday it will go public by merging with a U.S.-listed blank-check firm backed by billionaire Alec Gores and investment bank Guggenheim Partners at an enterprise value of $20 billion. The deal with Gores Gu ... Continue reading
Sep 24, 2021
Since last year, several major Chinese real estate developers have placed a bet on electric vehicles. They see synergies to be generated between EVs and their existing business, rather than short-term financial gains. ... Continue reading
Sep 23, 2021
MUNICH, Sept 22, September 2021; Reuters reported that battery power may be the frontrunner to become the car technology of the future, but don't rule out the underdog hydrogen. That's the view of some major automakers, including BMW (BMWG.DE) and Audi (VOWG_p.DE), which are developing hydrogen fuel-cell passenger vehi ... Continue reading
Cox Automotive Indicates 50% Of Would Be New Car Buyers Waiting Out High Pices and Low Inventory
Sep 22, 2021
Despite healthy economic conditions that should be spurring on vehicle sales, the U.S. auto market seems to be coasting off the road. New-vehicle inventory levels are still tight and prices are running at the redline. ... Continue reading
Nutson's Weekly Auto News Wrap-Up September 12-18, 2021
Sep 19, 2021
Below are the past week's important, relevant, semi-secret, or snappy automotive news, opinions and insider back stories presented as expertly crafted easy-to-digest news nuggets.< ... Continue reading
International Nameplate Dealers are Under Attack
Sep 17, 2021
For months now a federal budget provision has been working its way through committee rooms, both in the Senate and the House of Representatives, which would offer consumers additional tax credits if they purchase an electric vehicle assembled in a union-represented plant. It’s a proposal so ludicrous, so offensive to ... Continue reading
American Electric Cars Will Need Batteries From China
Sep 14, 2021
Infrastructure deal’s ambitious electric vehicle goals could hit Chinese lithium-supply wall: Robert W. Chase By Guest Colmnist Robert Chase MARIETTA, Ohio September 12, 2021; With the overarching importance of electric vehicles in infrastructure legislation that passed the Senate and is pending in the U.S. House, th ... Continue reading
China Economic Boss's Vow To Reduce Number Of Domestic EV Manufacturers
Sep 13, 2021
Beijing September 13, 2021 -- Bloomberg reports that China's Communist Leaders have vowed to consolidate the country’s electric vehicle industry after a decade-long nurturing of the sector led to the emergence of too many players, some of which are barely viable. “Looking forward, EV companies should grow bigger an ... Continue reading
Mitsubishi Corporation and Shell Sign MoU to Collaborate on Hydrogen Plans in Alberta
Sep 12, 2021
TOKYO, Sep 09, 2021; Mitsubishi Corporation (MC) and Shell Canada Products, by its managing partner, Shell Canada Limited (Shell Canada) have signed a Memorandum of Understanding relating to the production of low-carbon hydrogen through the use of carbon capture and storage (CCS) near Edmonton, Canada. MC aims to build ... Continue reading
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