Tag: automotive industry

Hyundai and Kia are in the process of recalling over 3.4 million vehicles in the United States due to a fire risk. Both automakers advised customers to park their vehicles outside due to the potential for engine compartment fires. The vehicles in question include...

Cox Automotive reported that new vehicle sales in the U.S. are expected to rise in September compared to the previous year. This comes after the auto research firm confirmed that sales in the current month are on course to hit 1.3 million units; up by...

Following an intense wage dispute standoff, Ford Motors has offered Canadian worker's union Unifor wage increases of up to 25% as part of a tentative agreement to bring an end to negotiations. Unifor confirmed that its Ford leadership unanimously voted to support the tentative agreement,...

LG Chem Ltd confirmed that it plans to partner with China's Huayou Group's subsidiary Youshan to build an electric vehicle (EV) battery material plant in Morocco. Known for manufacturing nickel-cobalt-manganese (NCM) cathodes, LG Chem is looking to diversify its portfolio. Unlike the NCM cathodes, the...

Goodyear Tire and Rubber has confirmed its plans to cut 700 jobs and sell about 100 of its retail stores across the Asia Pacific region. According to the tire manufacturer, this decision is expected to boost its operating income by around $50 million to...

Ford Motors Co unveiled its Mustang GTD at the Monterey Car Week. The new supercar runs on the most powerful V8 engine developed by Ford to date, with CEO Jim Farley commenting that the time has arrived for the American automaker to release a...