Detroit 3 keep masks on to keep plants running

Volkswagen of America and its subsidiaries will consolidate their North American headquarters into new, larger office space being built in Reston, Va., about 3 miles east of its current facility, in 2023.

It will cost less to manufacture new models using the new platform and the vehicles will have a longer driving range, said BYD senior vice president Lian Yubo.

Ray Mikiciuk left American Honda in 2019 and worked for Victory Automotive Group before joining Volkswagen of America on Oct. 26 as senior vice president of sales.

Prosecutors in Stuttgart had looked at whether Winterkorn had manipulated markets by delaying the disclosure of VW’s emissions scandal in 2015.

The trade commission delayed the target date for its decision on the case to Dec. 10. An adverse ruling could lead to the import ban of SK Innovation's EV batteries and necessary components, potentially causing setbacks for Volkswagen and Ford.

Tesla ranked third from last among luxury brands, followed only by Cadillac and Genesis. Tesla scored a 520, 29 points lower than its score of 549 in 2019.

The automaker said in a regulatory filing that it projects spending could almost double in each of the next two years, rising to a range of $4.5 billion to $6 billion.

Musk’s total Tesla compensation package -- the largest corporate pay deal ever struck between a CEO and a board of directors -- includes about 101 million options, split into 12 installments, that could yield Musk more than $50 billion if all goals are met.

Polestar parent Zhejiang Geely Holding wants to open a factory with annual capacity of 30,000 premium EVs in Chongqing, China, Reuters reported.

Following feedback from rivals and customers, the automakers only had to tweak the wording of their concessions to EU antitrust regulators, sources told Reuters.