Michigan COVID surge threatens Ram truck plant

Ongoing inventory constraints are driving up transaction prices but also pose a challenge for the lender as its dealership partners mitigate ravenous consumer demand amid limited supplies.

The target of stopping sales of gasoline-fueled vehicles there beginning in 2030 is not a firm mandate and is contingent on the state adopting a tax on vehicle miles traveled.

The automaker will furlough about a tenth of the workforce at its Sunderland plant in northern England as output slows due to a lack of semiconductors, the Nikkei newspaper reported.

The onslaught of EVs that the industry anticipates will be on the road in the years to come may not be accompanied by consumer buy-in, particularly in the U.S., panelists at a digital forum said.

The planned factory would be on a 3,700-acre plot in the northern central province of Ha Tinh, Reuters reported, citing documents filed with local authorities.

SK aims to supply batteries for Hyundai and Kia hybrid vehicles that are expected to be launched starting in 2024.

Song Chang-hyeon will lead the newly established Transportation-as-a-Service division, which will oversee mobility business for Hyundai Motor Co. and Kia Corp.

Tesla filed the lawsuit in 2019 against Cao Guangzhi after accusing him of copying the source code before joining XMotors, the U.S. unit of Chinese EV maker Xpeng.

The automaker cited strong demand for Mercedes cars in all major regions as well as cost cuts as helping growth.

The Japanese automaker issued the recalls of 2017-19 Imprezas, 2018-19 Crosstreks and 2019 Foresters to fix engine control module issues and problems with rear stabilizer bars.