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Automobile
Detroit 3 automakers make masks optional at U.S. plants
General Motors, Ford Motor Co. and Chrysler parent Stellantis said on Tuesday they are making masking optional at all U.S. facilities.
In mid-May, the Detroit 3 and the UAW -- which have a COVID-19 joint task force -- reinstated a…
Germany says no to EU plan to ban new fossil-fuel cars from 2035
Speaking at an event hosted by Germany's BDI industry association on Tuesday, Lindner said there would continue to be niches for combustion engines so a ban was wrong and said the government would not agree to this European legislation.…
First Shift: Toyota’s future vehicle manufacturing plans in the U.S.
• New production plans for at Toyota N.A.
• Report: Vehicle-to-grid tech adoption
• Consumers' tastes driving transaction prices up?
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Toyota joins Redwood Materials’ battery recycling initiative
U.S. startup Redwood Materials Inc. on Tuesday said Toyota Motor North America has become the latest auto industry giant to join its comprehensive electric vehicle battery recycling initiative.
Redwood Materials, whose partners include…
Polestar SPAC merger poised to raise $850 million on Wall Street
The companies noted Tuesday that the preliminary redemption elections are expected to reach a maximum of 25 percent. The lower the number the better for redemptions, as it shows Gores Guggenheim's shareholders back the merger, according…
Elon Musk details Tesla job cuts as recession fears grow
DOHA -- Tesla Inc. CEO Elon Musk said a 10 percent cut in salaried staff at the electric vehicle producer will happen over three months, as the world's richest man predicted a U.S. recession was more likely than not.
His remarks were…
Maryann Keller, formidable Wall Street analyst, pundit and frequent Detroit 3 critic, dead at 78
Maryann Keller, one of the first women on Wall Street to cover the auto industry and later a widely respected consultant who became a formidable critic of management at Detroit's automakers, died on Thursday, June 16. She was 78.
The…
Mercedes names McKinsey exec Paul Gao chief strategy officer
Gao has "essential know-how about China and other Asian growth markets," Kallenius said in the release. "This makes Paul the right choice to further enhance the international profile of our brand, our management and our company."
China…
Why these two former employees are suing Tesla in federal court
Tesla Inc. was sued by some former employees who claim the company’s decision to lay off about 10 percent of its workforce violated federal law by failing to provide the required advance notice for the job cuts.
Two workers fired this…
Hyundai, Michelin extend partnership to develop EV tire innovations
Hyundai Motor Group and tire giant Michelin on Monday said they are planning to work together to develop future tire technologies for electric vehicles.
The companies on Friday signed a memorandum of understanding in Seoul. The…