U.S. finalizes $2.5 billion loan to GM, LG battery joint venture
The U.S. Energy Department said on Monday it had finalized a $2.5 billion low-cost loan to a joint venture of General Motors and LG Energy Solution to help pay for three new lithium-ion battery cell manufacturing facilities.
U.S. House lawmakers look to jump-start self-driving legislative push
Two members of the U.S. House of Representatives are launching a bipartisan effort to help revive legislative efforts to boost self-driving vehicles.
Alphabet unit Waymo says ready to launch driverless vehicle services in San Francisco
Alphabet Inc’s (GOOGL.O) Waymo unit said on Monday that it is ready to remove safety drivers from its autonomous vehicles in San Francisco, without elaborating on the timeframe for launching fully driverless services.
Analysis: Ukraine invasion sets back Musk’s dream for cheaper EVs, for now
Surging raw materials costs, made worse by Russia’s invasion of Ukraine, could set back the dream of Tesla (TSLA.O) Chief Executive Elon Musk and other auto executives to roll out more affordable electric vehicles.
EXCLUSIVE Tesla plans new Shanghai plant to more than double China capacity – sources
Tesla Inc (TSLA.O) plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars in the country and export markets, two people familiar with the matter told Reuters.
Analysis: World’s damaged supply chains brace for painful recovery
Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start to unwind towards the end of this year.
Ford to make new investment of up to $20 billion in EV push- Bloomberg News
Ford Motor Co (F.N) is planning additional investment of up to $20 billion in building its electric vehicles, Bloomberg News reported on Tuesday.
Ford doubles Lightning production as electric truck battle with GM heats up
Ford Motor Co (F.N) said on Tuesday that it will nearly double annual production capacity for its red-hot F-150 Lightning electric pickup to 150,000 vehicles as the model has already attracted nearly 200,000 reservations ahead of its arrival this spring at U.S. dealers.
COVID deals new blow to foreign carmakers’ Indian dream
Foreign automakers’ hopes of a booming Indian car market are fading fast as a brutal second wave of COVID-19 infections and limited government room for more stimulus spending suggest a recovery could lag far behind China and the United States.
Twelve U.S. states urge Biden to back phasing out gas-powered vehicle sales by 2035
WASHINGTON, April 21 (Reuters) – The governors of a dozen U.S. states including California, New York, Massachusetts and North Carolina called on President Joe Biden on Wednesday to back ending sales of new gasoline-powered vehicles by 2035, a dramatic shift away from fossil fuels. Biden’s $2.3 trillion infrastructure plan calls for $174 billion in spending […]
