Automobile

Michael SimariAutomotive and Driver There are purpose-built EVs designed from the bottom up and there are internal-combustion automobiles…

Panasonic Holdings Corp. is planning to invest several billion dollars in a factory in Kansas to supply a new high-capacity battery for Tesla Inc.'s electric vehicles, Nikkei reported on Wednesday. The Japanese conglomerate aims to…

Growing Morrie's Auto Group, which entered a new state late last year, made its first acquisition of 2022 and bolstered its Minneapolis presence with the purchase of a trio of domestic dealerships this month. Morrie's Auto on July 1…

Edward Hightower was named the CEO of Lordstown Motors Corp. on Tuesday, making him the first Black CEO of a U.S. automaker in more than 100 years. "It's something I'm proud of. I'm proud of my heritage, I'm proud of my race," Hightower…

Walmart Inc.'s deal backing an electric-vehicle startup has some strings, including a provision preventing sales to rival Amazon. The retail giant's agreement to purchase as many as 10,000 battery-powered vans from Canoo Inc. provides a…

     • Navigating supply chain disruptions      • New-vehicle sales rebound in China      • Software subsidiary delays EVs Source link

Polestar increased sales of its electric vehicles by 125 percent to 21,200 during the first half, nearly matching its full-year volume from last year. The Volvo Cars EV subsidiary, which joined the Nasdaq last month in an $890 million…

Musk backed out of the deal to buy the platform on July 8 saying in a regulatory filing that the company has made “misleading representations” over the number of so-called spam bots on the service. Twitter hasn’t “complied with its…

Panasonic, Tesla's first battery supplier, plans to start mass-producing 4680 batteries in Japan during the financial year starting April 2023 and is reviewing sites for production in the United States. Tesla plans to use 4680 batteries…

Bosch plans to invest more than $3 billion in its growing semiconductor business by 2026 in a bid to power its way clear of the world's gnarled supply chain of chips. The investment will address a range of semiconductor industry needs,…