The world is rapidly moving towards sustainable energy, and electric vehicles (EVs) have taken center stage. Among the numerous automakers working on EVs, Hyundai has been a pioneer in developing ╰┈➤
Tag: production
Senate passes $280B bill to boost U.S. computer chip production | Autoblog
WASHINGTON — A bill designed to encourage more semiconductor companies to build chip plants in the United States was passed by the Senate Wednesday as lawmakers rushed to complete work ╰┈➤
Musk claims Cybertruck and others will see 2023 production at Cyber Rodeo
Tesla and Elon Musk held an event tonight called “Cyber Rodeo” to celebrate the opening of the new factory and headquarters near Austin, Texas. There was a lot of pomp ╰┈➤
Rivian shares tumble as supply-chain woes cut production outlook in half
Rivian warned on Thursday that supply chain problems could halve planned production to 25,000 vehicles by 2022, pushing the EV maker’s shares down more than 12% in expanded trading. Rivian ╰┈➤
Toyota restarts Japan production after supplier cyberattack
TOKYO – Toyota is set to restart domestic production from Wednesday after a cyberattack against a supplier shut down the automaker’s factories for a day, raising concerns over supply chain ╰┈➤
Ford F-150, Mazda see further production cuts due to chip shortage
Ford is preparing to reduce its Dearborn Truck plant to a single shift due to the global shortage of chips, choking production of its highest volume product, the F-150 pickup. ╰┈➤
Ford to open new EV battery tech center as it pivots toward in-house production
Ford announced Tuesday that it is building a new battery development center in southeast Michigan. Called Ion Park (or ‘Ion Park Center of Excellence’, if you want the long version), ╰┈➤
GM, Stellantis report strong Q1 results despite production issues
GM and Stellantis released first-quarter financial results on Wednesday, touting sales of their profitable trucks and SUVs, despite production disruptions that could continue into 2022. GM posted better-than-expected first-quarter earnings ╰┈➤
Ferrari 250 GTO-inspired GTO Engineering Moderna headed to production
UK-based GTO Engineering has announced that it will build the Ferrari 250 GTO-inspired Moderna which it released sketches in 2020. While the prancing horse would undoubtedly prefer to keep the ╰┈➤
Asian chipmakers rush to boost production to meet global shortage
TAIPEI / SEOUL – Asian chip makers are rushing to expand their manufacturing capacity to accommodate a global shortage that has been acutely felt by automakers, but the companies warn ╰┈➤