Ford to restructure supply chain after $1 billion in unexpected costs

Ford CEO Jim Farley at the company’s Dearborn, Michigan, plant where it is really setting up the electrical F-150 Lightning on April 26, 2022. CNBC | Michael Wayland DETROIT –…

Toyota says it will invest extra $2.5 billion in North Carolina plant

A Toyota dealership in Yokohama, Japan, photographed on Feb. 7, 2021. The agency is making an attempt to make headway in the progressively aggressive electric powered car marketplace. Toru Hanai…

Honda, LG Energy Solution to build $4.4 billion battery plant in U.S.

An staff inspects the doorway of a 2018 Honda Accord automobile during generation at the Honda of America Production Inc. Marysville Automobile Plant in Marysville, Ohio, on Thursday, Dec. 21,…

GM to reinstate quarterly dividend, ups share buybacks to $5 billion

Mary Barra, Chair and CEO of the Common Motors Organization (GM), speaks throughout the Milken Institute International Conference in Beverly Hills, California, on May possibly 2, 2022. Patrick T. Fallon…

Elon Musk sells 7.92 million Tesla shares worth $6.88 billion

NEW YORK, NEW YORK – May possibly 02: Elon Musk attends The 2022 Satisfied Gala Celebrating “In The us: An Anthology of Vogue” at The Metropolitan Museum of Art on…

Innoviz wins $4 billion dollar Volkswagen lidar contract

In this photo illustration a Innoviz Systems logo is exhibited on a smartphone. Rafael Henrique | SOPA Visuals | Lightrocket | Getty Images Israeli lidar maker Innoviz introduced Tuesday it…

Amazon records $3.9 billion loss on Rivian holding in second quarter

Amazon’s stake in electric powered automobile maker Rivian Automotive was once value $27 billion. That was in November, shortly soon after Rivian’s IPO, which took place just before the Nasdaq…

VW, partners to invest over $20 billion in car battery business

SALZGITTER, Germany — Volkswagen reported on Thursday it would invest more than 20 billion euros ($20.38 billion) in a battery cell business enterprise jointly with companions, producing 20,000 positions and…

VW and Goldman-backed Northvolt gets $1.1 billion funding

Northvolt’s most new funding announcement will come at a time when big economies are laying out ideas to shift away from motor vehicles that use diesel and gasoline. Mikael Sjoberg…

GM expects Q2 net income of between $1.6 billion and $1.9 billion

Mary Barra, Chair and CEO of the Typical Motors Firm (GM), speaks through the Milken Institute World-wide Convention in Beverly Hills, California, on May perhaps 2, 2022. Patrick T. Fallon…