Corporate/Finance: Page 9
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Courtesy of SSOE Group.
Panasonic, Novonix sign synthetic graphite supply deal
The deal will help the battery maker as it opens its Kansas factory, which is expected to supply automakers like Tesla and Mazda.
By Kate Magill • Feb. 15, 2024 -
Courtesy of Rivian Automotive
Rivian names former Meta, Amazon exec as marketing head
The move comes weeks before Rivian launches the R2, the automaker’s smaller, more affordable electric crossover.
By Michael Brady • Feb. 14, 2024 -
Courtesy of Cruise LLC
GM’s Cruise unit names safety leader amid federal investigations
Steve Kenner will help the company improve safety and reestablish trust with regulators, government officials and the public.
By Michael Brady • Feb. 14, 2024 -
Courtesy of BYD.
BorgWarner inks manufacturing deal with BYD subsidiary
The auto supplier will use FinDreams Battery’s LFP battery pack design and manufacturing process in Europe, the Americas and parts of the Asia-Pacific region.
By Sara Samora • Feb. 13, 2024 -
Courtesy of Ford Motor Co.
Why the UAW deal may not result in more automation
Robots are too expensive for vehicle manufacturers to replace autoworkers at scale, experts say, but they can make assembly plants more efficient.
By Kalena Thomhave • Feb. 13, 2024 -
Courtesy of American Honda
Honda’s US sales up 36% last quarter
Despite below-average discounts, the automaker grew its U.S. market share significantly.
By Michael Brady , Eric Walz • Feb. 9, 2024 -
Nic Antaya via Getty Images
GM hires former Tesla exec to lead EV battery strategy
Kurt Kelty was heavily involved in creating Tesla’s first Gigafactory and has been working on lithium-ion batteries since he worked at Panasonic in 1993.
By Michael Brady • Feb. 9, 2024 -
Courtesy of Nissan Motor Corp.
Nissan’s profits plunged 43% in Q3
Logistics issues on the U.S.-Mexico border held the automaker's sales back in the quarter, CFO Stephen Ma said.
By Michael Brady • Feb. 8, 2024 -
Courtesy of Stellantis.
EU passes domestic clean energy act, trailing US supply chain and climate bills
The European Commission agreed to the Net-Zero Industry Act to increase domestic manufacturing, following similar domestic production acts passed by the U.S.
By Lamar Johnson • Feb. 8, 2024 -
Courtesy of Toyota Motor North America
Toyota investing $1.3B for EV production in Kentucky
The automaker will install a battery pack assembly line at the Kentucky plant and build a new three-row electric SUV for the U.S. market starting in 2025.
By Eric Walz • Feb. 8, 2024 -
Courtesy of Ford Motor Co.
Ford created a secret team to build an affordable EV
The automaker plans to launch multiple EVs based on the platform as part of its revamped electrification strategy, CEO Jim Farley said.
By Eric Walz , Michael Brady • Feb. 8, 2024 -
Courtesy of Volkswagen Group
Most Volkswagen autoworkers in Tennessee want to join union, UAW says
With a majority of workers having signed union cards, the United Auto Workers lauded the moment as a positive sign for its industry unionization drive.
By Michael Brady • Feb. 7, 2024 -
Courtesy of Toyota Motor North America
Toyota reports strong earnings as hybrid sales boom
The automaker also raised its full-year guidance.
By Michael Brady • Feb. 7, 2024 -
Courtesy of General Motors
GM, LG Chem ink $19B cathode material supply deal
The South Korea-based chemical maker will supply the automaker with enough CAM to power five million EVs.
By Ben Unglesbee • Feb. 7, 2024 -
Black_Kira for iStock via Getty Images
Energy Department opens battery R&D funds for sodium-ion
The $15.7 million will also go towards projects using smart manufacturing technologies to lower the cost of battery production.
By Joelle Anselmo • Feb. 6, 2024 -
Courtesy of Volkswagen Group
Volkswagen launches in-house AI company
The lab will create vehicle infotainment and navigation products, collaborating with tech companies across China, Europe and North America.
By Eric Walz • Feb. 6, 2024 -
Retrieved from Northwest Seaport Alliance on September 20, 2023
Auto volumes surge at Northwest Seaport Alliance during 2023
The growth was fueled by Glovis America’s consolidation of its Kia and Hyundai business at the seaport and business from General Motors.
By Alejandra Carranza • Feb. 5, 2024 -
Courtesy of Mazda North America
January sales roundup: Automakers see annual gains, but Hyundai, Kia lag
Honda, Mazda and Subaru posted strong sales figures, avoiding a post-holiday slump.
By Michael Brady • Feb. 2, 2024 -
Courtesy of Volkswagen Group
Volkswagen Group names new CTO for China
The Volkswagen brand will also combine its new mobility and technical development divisions.
By Michael Brady • Feb. 1, 2024 -
Courtesy of Toyota Motor Corporation
Toyota sees first annual sales increase in 2 years
The automaker sold 11.2 million vehicles worldwide in 2023, a 7.2% year-over-year increase.
By Michael Brady • Jan. 31, 2024 -
Courtesy of General Motors
GM to sell more hybrids as EV demand wanes
The automaker will time some new vehicle launches to comply with fuel economy and emissions standards, CEO Mary Barra said.
By Eric Walz • Jan. 31, 2024 -
Courtesy of Cruise LLC
GM CEO: ‘We are committed to Cruise’
Despite investigations, ongoing safety concerns and a $2.7 billion loss last year for the robotaxi unit, General Motors CEO Mary Barra insists the “technology is sound.”
By Dan Zukowski • Jan. 31, 2024 -
Bilanol/iStock/Getty Images Plus via Getty Images
New vehicle sales slowed in January
Sales volume is projected to end the month down an estimated 21.3% from December, Cox Automotive said.
By Michael Brady • Jan. 30, 2024 -
Courtesy of Wieland
Wieland to expand Illinois copper production plant
The project will help increase the production of critical components used in EVs and EV charging infrastructure.
By Joelle Anselmo • Jan. 30, 2024 -
Mario Tama/Staff/Getty Images News via Getty Images
Automotive industry outlook for 2024
Executives are adjusting plans as they deal with economic headwinds, a web of federal mandates and the fallout of the United Auto Workers deal.
By Michael Brady • Jan. 30, 2024
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