General Motors (GM) has announced a $19 billion supply contract with LG Chem. This partnership between the South Korean chemical company and the Detroit-based automaker is set to run from 2026 to 2035. Under the […]
Ford CEO Jim Farley has revealed new details about the automaker’s shift in its approach to the electric vehicle (EV) market. This shift comes as the automaker seeks to align its battery production capacity and […]
Tesla has agreed to pay a $1.5 million settlement over allegations of mishandling hazardous waste across its California facilities. The lawsuit, brought forward by district attorneys from 25 counties, accused Tesla of improper disposal and […]
BMW has declared a pivotal shift in its business strategy, acknowledging that the era of peak sales for its gasoline-powered luxury cars has passed. With an eye on the future, BMW is now focusing its […]
Honda is reportedly considering investing $18.4 billion in an electric vehicle (EV) and battery plant in Canada. The move is part of Honda’s efforts to gain ground in the rapidly evolving EV market. According to […]
As the automotive industry accelerates towards an electrified future, a divide is emerging among Ford dealerships across the United States. Approximately half of Ford dealers, totaling 1,550, have opted to continue selling hybrid and internal […]
In 2023, Tesla strengthened its position, showing strong results despite the unstable economic situation. Wedbush analyst Dan Ives expects the company to be worth a trillion dollars in 2024 and boosted his price target on […]
Hyundai Canada announced this week that the 2024 Hyundai Kona Electric will start at $46,399 and be available in two trims. The Preferred Trim is the base model and starts at $46,339. While the Ultimate […]
Nissan has announced plans to invest up to £3 billion ($3.8 billion) into its British electric vehicle (EV) business. The majority of this investment, approximately £2 billion ($2.5 billion), will be directed toward upgrading its […]
The Indian government is reportedly on the verge of finalizing an agreement with Tesla, a move which would finally allow automaker to import its electric vehicles (EVs) into the country starting as soon as next […]
