Tag: Industry

Ford Breaks Ground On Six Square Mile Electric Vehicle And Battery Production Facility

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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VW Could Move Production Out Of Germany Due To Natural Gas Shortages

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 Completes Fundraising Round Valuing Technology Arm At $4.5 Billion

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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Buick Plans To Dramatically Reduce Dealerships But Aims To Offer A Better Customer Experience

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. […]

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Volkswagen Expects Chip Shortage To Continue Into 2024

Volkswagen 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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