Tag: automotive news

Ford Motor Co announced on Friday that it is set to resume the production of its F-150 Lightning vehicles on Monday. The company halted production after 18 electric trucks were recalled due to a battery cell manufacturing defect. The automaker stated it is set to...

Sigma Lithium Corp's U.S. shares soared by 21% during extended trading on Friday after it was reported that Tesla is looking to buy out the Canada-based battery metals miner. According to a Bloomberg report, Tesla is in the process of speaking with potential advisors about...

Carvana stock surged by 6% by the market's close on Wednesday after experiencing an already turbulent week and year. The online car retailer's stock has skyrocketed by over 200% for the year to date. Having been heavily shorted with 67% of its float consisting of...

Mercedes-Benz announced its final sales figures for 2022 on Tuesday. The company revealed that it delivered 2.05 million passenger cars over the course of the year, down 1% from 2021. Aside from the marginal year-on-year decline, the auto manufacturer experienced a strong end to 2022...

Hyundai Motor Co and fellow South Korean company SK On have agreed to invest approximately $2.5 trillion won ($1.88 billion) in the construction of a new joint venture battery factory in the United States. The two parties are expected to sign a memorandum of...

Volkswagen AG confirmed on Thursday that it may decide to pull its manufacturing out of Germany and Eastern Europe should the ongoing natural gas shortage continue. According to the auto manufacturer, withdrawing production from the region is one feasible option over the medium term...