Tag: china automotive news

Stellantis releases details of the STLA Medium EV platform

By on July 18, 2023

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 that Stellantis announced in 2021 when the group was formed after the merger of PSA and Fiat Chrysler Automobiles. The others are STLA Small, STLA Large and STLA Frame. Stellantis released the first details of STLA Medium on Wednesday, with executives emphasizing that it is…

Ford, GM, Volvo exhaust supplier Wescast closing Ontario foundry, Unifor says

By on June 10, 2023

Wescast Industries, a Tier 1 automotive supplier of exhaust manifolds, has informed Unifor of its intention to close its foundry in Wingham, Ont., where it has operated for more than 120 years, the union said May 29. Unifor said the closure will devastate workers, families and the community of Wingham, about 190 kilometers northwest of Toronto. About 250 members of Unifor Local 4207 work at the facility. “Wescast and its overseas owners are turning their backs on the foundry’s dedicated workforce and the community that has supported them for generations,” Unifor National President Lana Payne said. “The Wingham foundry closure…

GM battery materials investment in Quebec to top $1 billion

By on June 4, 2023

General Motors and South Korea’s Posco Future M said they will invest more to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over US$1 billion. The companies said on June 2 the new investment in their Ultium CAM plant, expected to start operating in 2025, will be used to set up additional facilities for local on-site processing of critical minerals used in electric vehicle (EV) batteries. The announcement comes less than a week after the two initially said it would be a C$600-million facility in Becancour, Que.…

Ford, reversing course, to keep AM radio on all models

By on May 26, 2023

Ford Motor Co. will keep AM radio in all 2024 Ford and Lincoln models and restore it on two electric vehicles via a software update, according to CEO Jim Farley. In a tweetFarley said the decision was made “after speaking with [U.S.] policy leaders about the importance of AM broadcast radio as a part of the emergency alert system.” The company removed AM radio from the Mustang Mach-E and F-150 Lightning and planned to discontinue it on all products moving forward. Farley said the company would look for other ways to deliver emergency alerts in the future. “Customers can currently…

Shift Q1 earnings: Company reviewing ‘strategic alternatives’

By on May 15, 2023

Online used-vehicle retailer Shift Technologies Inc. said Thursday its board of directors is working with management and financial and legal advisers to assess a range of “strategic alternatives” for the company. in a statementShift said its board of directors was conducting a process to “explore and evaluate strategic alternatives, including exploring a potential sale of certain operating businesses, third party investment or partnership opportunities and/or funding alternatives for our marketplace business, to further enhance value for all stakeholders.” The company said its board did not set a timetable for the completion of the review process. There is “no assurance” it…

Searching “Windshield Replacement Near Me”

By on May 4, 2023

Car windows and windshields are things that many drivers just don’t think much about– until one day they suddenly need to be replaced. Maybe it’s a large chip, or a small crack that has since flourished over time into a web of other cracks. Perhaps it was a single incident of blunt force that smashed the windshield in seconds. Regardless of what it looks like or how it happened, the truth is that any damage to car windows and particularly windshields should be repaired as soon as possible. But since this is not something drivers actively think about, it can…

Tesla cuts prices in Germany, France to boost demand

By on April 19, 2023

BERLIN — Tesla’s latest price reductions in Europe were made possible because of a scaling up and improvement in its production capacity, the company said. Tesla cut prices in European markets including Germany and France on Friday, with all versions of the Model 3, Model S, and Model X selling for lower prices as well as the Model Y Performance. “Our mission is to accelerate the transition to renewable energy. Our master plan has set a clear pathway to achieve that mission: the transformation of cost-intensive small-series products to cheaper mass-series vehicles,” Tesla said in a statement. In Germany, Tesla…

Nikola battles for scarce funding as it launches its first truck

By on April 9, 2023

Like every other startup, Nikola is in search of funds to continue its mission to deliver zero-pollution cargo-moving trucks. Last week, it floated a $100 million stock offering that underwhelmed Wall Street. The company’s cash is being spent in three major areas: building trucks, creating a network of hydrogen fueling stations and developing software for autonomous driving. Any one of those pursuits would be a huge project for a startup. Perfecting all three seems like a moonshot. But Lohscheller has been able to sign up partners to help defray some of the costs. And thanks to the Inflation Reduction Act,…