Audi and SAIC Motor Corp. have agreed to partner on electric-vehicle projects as the German premium brand seeks to catch up with rivals in the key EV market. Audi said on Thursday that it reached an agreement with state-owned SAIC in which the two companies will accelerate the electrification of their portfolio as China’s auto…
Category: Automotive News
McLaren’s electric SUV must wait for better battery tech
SUVs have given ultraluxury companies a solid revenue boost. For example, in the first quarter, the Bentayga SUV accounted for 42 percent of Bentley sales, while the Lamborghini Urus accounted for over half the brand’s sales in the same period. McLaren Automotive Group’s loss increased to 335 million pounds ($433 million) in 2022, up from…
Rivian commits to more in-person customer contact in Canada
Rivian, which makes high-end electric SUVs and pickups, is opening its first Canadian showroom in the Vancouver suburb of Burnaby. The move by the California EV maker marks a course change from a strategy that favored largely online contact with customers, Denise Cherry, senior director of design and retail development, said. The purchase process still…
Investing in Quality Auto Glass Restores Your Vehicle’s Value
Just like dents and dings happen on the doors, hood, and body of your vehicle, mishaps also affect the auto glass. Damaged auto glass detracts from the vehicle’s aesthetic appeal, and it also impacts safety while driving. If you plan to sell your vehicle, investing in quality auto glass restores its value in several key…
Magna to build three plants to supply Ford Blue Oval City
Magna’s project is the latest example of a major supplier investing to alter its manufacturing footprint with an eye toward winning EV-related businesses as the industry’s electrification push continues. This is the third significant investment Magna has made in its battery enclosure manufacturing footprint in the past year. In that time, the company also committed…
Stellantis releases details of the STLA Medium EV platform
Stellantis’ STLA Medium platform will underpin at least 2 million EVs a year and offer a range of up to 700 km (435 miles) on vehicles starting with the Peugeot 3008 SUV by the end of this year. The platform — which Stellantis says is “BEV by design” — is one of four electric architectures…
EV, battery plants flock to the South without consumer incentives
South Carolina, which has received $10 billion in EV investment from Volkswagen, BMW, Mercedes-Benz and others, and Kentucky, which has received $10 billion in EV investments from Ford, SK On and AESC, fell below the level required to be included in the ranking. South Carolina earned 14 of the 100 points available. Kentucky earned 5.5….
Tesla Shattered Delivery Targets But Margins Remain The Question
A red Tesla Model 3 was seen on a lot outside a Tesla store. good morning! It’s Monday, July 3, 2023 and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. 1st Gear: Volume, Volume,…