Cadillac is on the cusp of another major product assault, meaning General Motors is having to invest in its manufacturing footprint to build them. The company has announced it will invest $175 million into its Lansing Grand River assembly plant in Michigan. Cadillac says it will launch a new vehicle every six months between now and 2021. Part of this… Read More...
Volvo will formally expand its manufacturing footprint with the opening of the company's new U.S. assembly plant. The plant represents a $1.1 billion investment on Volvo's part. The new plant is located near Charleston, South Carolina and will commence operations in autumn of this year by beginning production of the S60 sedan. S60's that roll off the U.S. assembly line… Read More...
The Renault-Nissan Alliance may be on the verge of evolving. Renault CEO Carlos Ghosn says evolving the will be required to avoid future problems as the industry landscape changes. Ghosn thought process is that the alliance was formed based on a specific set of circumstances and today those circumstances have changed. Ghosn discussed his thoughts on the alliance during a… Read More...
General Motors and Honda Motor Company have announced an agreement for new advanced chemistry battery components, including the cell and module, to accelerate both companies’ plans for all-electric vehicles. Under the agreement, GM and Honda will collaborate on next-generation battery technology. The intent is for Honda to procure battery modules from GM. Both companies reiterate the shared battery technology will adapt… Read More...
Fourteen years to the day after taking the helm of nearly-bankrupt Fiat SpA, Fiat Chrysler Automobiles CEO Sergio Marchionne presented his final five-year plan for the company today in Italy. The announcement included a slight declaration of success, confirming the company expects to be in a net positive cash position by the end of June. Marchionne was playful with his… Read More...
General Motors and SoftBank have announced a substantial investment into GM Cruise, the automaker's autonomous vehicle division. The investment, valued at $2.25 billion, will give GM additional flexibility in capital allocation and strengthen the company's plans to commercialize autonomous vehicle technology. “Our Cruise and GM teams together have made tremendous progress over the last two years,” said GM Chairman and… Read More...
Nissan is reportedly cutting its production in North America in an attempt to shore up its profitability. Japan's Nikkei is reporting the cut will be around 20 percent of the company's current production output. The company has already began slowing production rates in the United States, but Nikkei reports production cuts are already taking place at two assembly plants in the United States and three… Read More...
Tesla appears one step closer to announcing a new factory in China. The company has taken steps in recent weeks suggesting the company will setup shop in Shanghai. Specifically, Tesla China has setup a wholly-owned subsidiary in Shanghai with about $15.8 million in capital, according to Bloomberg. The move was taken by Tesla China's existing operations, which are in Hong Kong. Setting… Read More...
Ford Motor Company is still on the defensive regarding its recent announcement it will eliminate nearly all of its sedans from its lineup. The company says the headlines have been misleading, because this move is about it "reinventing" the American car. CEO Jim Hackett and Chairman Bill Ford spoke with shareholders regarding the decision Thursday at the company's annual shareholders… Read More...
Ford Motor Company has halted production of its best-selling F-150 pickup truck. The cease in production, which spans multiple plants and Ford vehicles, stems from a fire at one of the company's suppliers last week. One Monday the company idled F-150 production at its plant in Kansas City, Missouri until May 14th, temporarily laying off 3,600 workers of the plant.… Read More...
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