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...Hyundai and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric vehicle sales behind Tesla, with their market share set to grow once a new $7.6bn plant...
...By focusing on sleeker sedans and compact SUVs that consumers can afford, the South Korean group and its sister brand Kia have together overtaken Ford and General Motors to claim second place in US electric...
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...Ford, General Motors and Tesla have all pumped the brakes on expanding EV production capacity in recent weeks....
...An independent panel revealed that Daihatsu Motor, a subsidiary of Toyota Motor, had been cheating on safety and quality tests for over 30 years, delivering a blow to the auto group’s reputation — the most...
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...Then, last week, fellow start-ups Rivian and Lucid Motors also announced lacklustre results, sending their shares tumbling....
...Michigan still leads with nearly $24bn, according to the EV Jobs Hub, but Georgia and Tennessee are close behind....
...LG Energy Solution, one of the world’s top three EV battery producers that has joint ventures with General Motors, Honda and Hyundai in the US, announced this month it was laying off 170 workers at its plant...
...General Motors chief executive Mary Barra said this year that the company had ordered two “giga press” machines with the intention of using the technology for mass-market vehicles....
...General Motors chief financial officer Paul Jacobson said the IRA had “tremendous benefit” to the EV market, helping stimulate sales....
...United Auto Workers union is making unusually public efforts to unionise workers at 13 carmakers that have non-union plants, including Tesla, after it wrested sizeable pay rises and concessions from General Motors...
...A number of EV makers have recently scaled back expansion plans, including Ford and General Motors, while rental group Hertz is selling one-third of its electric fleet to buy more petrol vehicles....
...Solid-state batteries’ extreme sensitivity to moisture and oxygen could keep manufacturing costs high, while their complexity could require expensive redesigns of EVs....
...The strike continues against the other two Detroit carmakers, General Motors and Stellantis....
...The bulk of that has stemmed from motor vehicles. Food-related manufacturing and those tied to other machinery have had about 90,000 new jobs respectively in that same period....
...Tesla, General Motors and Rivian all reported strong US sales and deliveries for EVs during the second quarter, as did BYD in China....
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