China’s BYD says Mexico EV plant will employ 10,000 workers

21June 2024

China’s BYD says Mexico EV plant will employ 10,000 workers

The EV giant is in final negotiations for the location of the factory, with an...

21June 2024

CarMax’s Q1 net income falls 33% to $152 million, revenue slips 7.5%

The company said it retailed 211,132 used vehicles in its fiscal first quarter, down 3.1...

21June 2024

Welcome to the drought: Off-lease vehicle pool is about to dry up

Lease turn-ins are a valuable tool for dealers and automakers to control inventory levels. But...

21June 2024

Column: EV buyers’ remorse is a telling moment in economic history

More likely a blip than a pivot, McKinsey’s survey highlights need for affordable models that...

21June 2024

VW-backed Gotion, InoBat to build Slovakia EV battery plant

The companies aim to produce EV batteries with a combined annual output of 20 gigawatt...

21June 2024

VW’s battery business PowerCo gets new tech boss after former Apple exec quits

HW Vassen, who is head of series development at PowerCo, replaces Soonho Anh, who was...

21June 2024

China’s Gotion, InoBat to build Slovakia EV battery plant

The companies aim to produce EV batteries with a combined annual output of 20 gigawatt...

21June 2024

Why MG owner SAIC is likely to suffer small hit from EU’s new tariffs on Chinese EVs

MG is the bestselling Chinese brand in Europe but it’s likely to avoid a serious...

21June 2024

Stellantis AI chief is latest exec to leave automaker

Berta Rodriguez-Hervas, whose responsibilities included AI and machine learning, has resigned less than three years...

21June 2024

Longtime Bosch North America president Mike Mansuetti to retire, succeeded by regional mobility chief

Mike Mansuetti, the longtime head of Bosch’s North American business, will retire this year and...

21June 2024

BMW cancels $2B battery cells contract with Northvolt

German media reported that the Swedish company could not deliver on time on a long-term...

21June 2024

Automotive News Europe salutes Pierre Houles

The Rising Star for Digital is Pierre Houles, who is deputy CIO at Renault Group....

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