Ford CEO Sees Electric Vehicle Price War As EV Costs DeclineFord's chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and multiple companies sell EVs priced around $25,000.
Stellantis, Samsung Plan Indiana Electric Car Battery Plantjoint venture between Stellantis and Samsung plans to build an electric vehicle battery factory in Indiana that will employ up to 1,400 workers and become the company’s second such factory in North America.
Hyundai Recalls 215K Sonatas Due To Faulty Fuel HosesHyundai is recalling more than 215,000 midsize cars in the U.S. — most for a second time — because fuel hoses can leak in the engine compartment and cause fires.
Tesla First Quarter Earnings 7 Times More Than Year Ago On Strong SalesTesla reported Wednesday that its first-quarter net earnings were over seven times greater than a year ago, powered by strong sales despite global supply chain kinks and pandemic-related production cuts in China.
'It's Time': Ford Teases Launch Date Of F-150 LightningFord Motor Company announced on Wednesday the F-150 Lightning will launch on April 26.
Toyota Unveils First Electric Vehicle Since RAV4 EV In 2014The bZ4X, which will be sold globally, adds to the 38 electric vehicle models now on sale in the U.S., with more than 120 expected by 2025.
General Motors Announces Multi-Year Cobalt Supply Agreement For EVsOfficials say Switzerland-based company Glencore will supply cobalt, which is used in the production of EV batteries. It will be processed and used in GM's Ultium battery cathodes that power vehicles including the Chevy Silverado EV, GMC Hummer EV and Cadillac Lyriq.
US Ends Probe Of Fiat Chrysler Minivans, Won't Seek RecallThe U.S. government is ending an investigation into complaints of USB charging port fires in some Fiat Chrysler minivans without seeking a recall.
US Electric-Vehicle Tax Credits Ending For New Toyota BuyersToyota customers soon won't be able to get U.S. federal tax credits for buying electric or hybrid vehicles.
Ford Reports Sales Down 17% In First QuarterFord says sales dropped more than 17% in the first quarter of the year. But despite the drop, the automaker is remaining optimistic and says drivers are still eager to purchase vehicles.
GM, Honda To Co-Produce 'Affordable' Electric VehiclesGeneral Motors and Honda announced Tuesday they plan to codevelop affordable electric vehicles based on a new global architecture using next-generation Ultium battery technology.