Ford has officially broken ground on BlueOval City, a massive “mega campus” that will herald the future of the brand. The facility will be the largest and most advanced automotive production facility in the brand’s history. Located in Stanton, Tennessee, the automaker has started erecting structural steel less than a year after Ford and SK […]
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The automotive industry has been beset by supply shortages, and the latest production snag tripping Ford up is at once un- and extremely important. The Blue Oval can’t find enough blue ovals for its vehicles. Ford had to delay the delivery of certain vehicles because it didn’t have enough of its distinctive badges to put […]
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Toyota today announced that it will end vehicle production at its plant in Saint Petersburg, Russia. The decision follows the automaker’s decision to suspend activities at the plant in March. Toyota said in a statement today that it paused production at the plant on March 4 “due to interruption in the supply of key materials […]
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Volkswagen is considering moving car production away from Germany if current problems with natural gas supplies extend into 2023. The drastic plan is one of several being discussed at Wolfsburg and could potentially result in Volkswagen switching production for several model lines from its German and Eastern European plants to other VW Group factories in […]
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Lotus Technology has just completed a round of fundraising that values the technology arm of the sports car manufacturer at almost $4.5 billion. While the company has not revealed just how much money it raised nor has it named the investors that participated, Reuters reported last year that Lotus Technology was aiming to raise between […]
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Times are changing for the automotive industry and Buick itself is no different. A new report suggests that the GMC sub-brand is planning to dramatically reduce its dealership network as it ramps up for an all-EV push. The brand’s global vice president, Duncan Aldred, laid out a plan that’s benchmarked against BMW, Lexus, and Mercedes-Benz. […]
Read MoreVolkswagen expects semiconductor shortages to continue into 2023 and says the supply chain disruptions experienced over the past two years will become the “new normal.” While recently speaking with German publication Automobilwoche, Volkswagen head of procurement Murat Aksel noted that geopolitical concerns with leading chip manufacturers have created new and challenging issues. “With the new […]
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Honda has asked employees in Ohio that it needs to be refunded for overpaid bonuses that it made. The car manufacturer recently informed workers that recent bonuses were overpaid. It has given employees until September 22 to decide if they would like to pay back the money upfront or have it deducted from future paychecks […]
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The auto industry continues to be heavily affected by the broken supply chains that have led to a global shortage of parts. On Monday, Ford announced that it expects to have between 40,000 and 45,000 unfinished vehicles, primarily, popular high-margin trucks and SUVs, in its inventory by the end of September. That’s more than double […]
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A court in Thailand has ruled that Toyota’s local division must pay 10 billion baht ($272.11 million) in extra taxes after it imported components not subject to reduced tariffs. Toyota had been importing parts from Japan when building the Prius in Thailand between 2010 and 2012. In 2019, a court ruled that these imported parts […]
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