Auto Industry

Reuters

Feb 27, 2023, 6:02 PM

Honda To Start Producing New Hydrogen Fuel Cell System Co-Developed With GM

Honda will target annual sales of around 2,000 units of the new system in the middle of this decade, the company said on Thursday, aiming to boost that to 60,000 units per year in 2030.

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  Reuters | Feb 27, 2023

  EV Maker Rivian To Cut 6% Of Jobs Amid Price War -Internal Memo

  Layoffs at Rivian come amid falling EV prices kicked off by cuts made recently by Elon Musk-led Tesla and Ford Motor Co.

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  Reuters | Feb 27, 2023

  SK On Confirms Termination Of Non-Binding Agreement To Build Battery Cell Venture In Turkey

  SK On - whose parent SK Innovation Co Ltd counts Hyundai Motor Co, Volkswagen AG and Ford among its customers - announced the joint venture to make electric vehicle (EV) battery cells in Turkey last year.

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  Reuters | Feb 27, 2023

  Hertz Has Fewer Tesla's In Its Fleet Than Planned

  Hertz did not give details on why it has added fewer Tesla's than it originally planned to order.

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  Reuters | Feb 27, 2023

  Mexico President Says Two Locations Primed For New Tesla Plant

  Lopez Obrador referred to both states as a possibility when asked about the firm's plans, which Tesla has not yet commented on, during a regular news conference.

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  Reuters | Feb 27, 2023

  India's MRF Reports Q3 Profit Jump On Softer Raw Material Prices, Solid Demand

  MRF's total expenses rose 14% to 53.81 billion rupees, nearly half of the increase in the first six months of the current fiscal year.

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  Reuters | Feb 27, 2023

  BorgWarner Sees EV Business To Grow At Least 72 Per Cent In 2023

  BorgWarner in December announced plans to spin-off its fuel systems and aftermarket units to focus solely on air management and e-propulsion & drivetrain units.

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  Reuters | Feb 27, 2023

  Lucid Joins Tesla-Led EV Price War With Discounts On Some Air Models

  The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market share at a time when high borrowing costs and inflation have pinched consumer wallets.

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  Reuters | Feb 27, 2023

  GM Inks Deal With GlobalFoundries To Secure U.S.-Made Chips

  GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GM's key chip suppliers at their upstate New York fabrication facility.

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