Tesla scales back Model 3 production on supply chain issues

The brands, both part of China's Zhejiang Geely Holding Group, will combine their powertrain operations and expand cooperation on electric vehicles.

The vehicle will be built by Apple supplier Foxconn, targeted at multiple markets including North America, Europe, China and India, and sold under the Fisker brand.

Former Nissan CEO Hiroto Saikawa said he agreed in 2011 that Ghosn should be paid more to prevent him from going to a rival automaker, and that the executive should receive compensation for non-competition and consulting services after retirement.

The president also signed an executive order aimed at addressing the global semiconductor chip shortfall that has led to cuts in auto production.

The vehicle, on sale this spring, will start at $53,595 including shipping. Ford has used the trim, named after the famed Texas ranch, for 20 years since it launched on the 2001 F-150.

With almost half a century at the helm, Osamu Suzuki is credited with turning the automaker into one of the world's largest small-vehicle manufacturers.

There have been some 15 cases of fires involving the Kona EV in South Korea, Canada and Europe. The recall is one of the first mass battery pack replacements conducted by a major automaker.

Forty-nine vehicles received the Insurance Institute for Highway Safety's Top Safety Pick+ award for 2021, compared with 23 vehicles for 2020, even as the insurer-funded group continues efforts to strengthen its award criteria.

Under the contract’s initial $482 million investment, Oshkosh will finalize the production design and assemble 50,000 to 165,000 of the vehicles over 10 years.

Kia replaces the Sedona minivan with the Carnival, featuring styling cues similar to the brand's popular crossovers, along with more comfort and modern tech.