Carlos Ghosn seeks $1 billion in damages from Nissan
The lawsuit also makes claims against at least a dozen people, including: Hari Nada, a Nissan employee seen as one of the key instigators of the plot to oust Ghosn...
Hyundai seeks double-digit EV profit margins with new EV platform
SEOUL -- Hyundai Motor will launch a new electric vehicle platform replacing the one used in today’s Ioniq 5 and Ioniq 6 to achieve double-digit profit margins on EVs by...
BorgWarner acquires Italian EV charging business
The deal improves BorgWarner's capability in producing 400V and 800V on-board chargers compatible with various regional electric grid variations, while also bringing high-frequency DC/DC converter technology to its offerings. On-board...
U.S. lawmakers will press auto CEOs over China supply-chain links
Ford is planning to build a battery plant in Michigan using CATL technology. Virginia governor Glenn Youngkin withdrew his state from consideration for a proposed plant earlier this year, calling...
Dealers, automakers want to tie EV tax credit rules to vehicle manufacture date
WASHINGTON — Trade groups representing franchised car dealers and automakers are asking the U.S. Treasury Department to tie battery sourcing requirements in the electric vehicle tax credit to when the...
Vitesco inks $1 billion silicon carbide microchip deal
German powertrain supplier Vitesco Technologies said Monday it signed an agreement with Japanese microchip maker Rohm Co., securing more than $1 billion in silicon carbide semiconductors through 2030. The microchips...
GM to spend $920 million expanding DMAX engine plant in Ohio
DMAX opened as a joint venture between GM and Isuzu Diesel Services of America in 1999 in nearby Moraine, Ohio, building Duramax diesel engines for the Chevrolet Silverado HD and...
Tesla’s latest quarter-ending U.S. sales push
A base Model X on the Tesla website was available for $92,880 with shipping on Sunday, for a discount of $7,500. Before January's deep price cuts, the base price of...
U.S. probes 2022 Hyundai Ioniq 5 EVs over alleged power problems
Hyundai spokesperson Michael Stewart said the automaker is "fully cooperating" with the investigation. "To address the concern, Hyundai is launching a service campaign in July that will update the affected...
Former GM marketing exec Deborah Wahl tells why she left
After her surprise exit as General Motors global chief marketing officer three months ago, Deborah Wahl is settling into what she says is a permanent retirement as a marketer. But...