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Hyundai Motor Group to invest $18 bln in South Korean EV industry by 2030

Automotive Industry Reuters - 2023-04-11

Hyundai Motor Group said on Tuesday it planned to invest ₩24tn ($18.14bn) in South Korea's electric vehicle (EV) industry through 2030, bolstering its presence in a segment that is set to dominate long-term global automotive demand. …

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Kia starts building facility for electric purpose−built vehicle (PBV) production

Automotive Industry Automotive Purchasing and Supply Chain - 2023-04-11

Kia held a groundbreaking ceremony today for its dedicated plant for the production of battery-electric purpose-built vehicles (PBV). …

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Ford will retool Ontario factory to build EVs starting next year

Automotive Industry Reuters - 2023-04-11

Ford Motor Co said on 11 April 2023 that in 2024 it will start retooling its sport utility vehicle assembly plant in Oakville, Ontario to produce electric vehicles, fulfilling a promise made to Canada's Unifor union during contract …

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Capacity crisis continues: finished vehicle logistics survey Q1 2023

Automotive Industry Automotive Logistics - 2023-04-11

Download this exclusive report to discover the latest challenges facing finished vehicle logistics. …

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Stellantis assembles team for Circular Economy Hub

Automotive Industry Automotive Logistics - 2023-04-10

Stellantis is assembling the workforce that will manage and operate its planned vehicle recycling facility in Mirafiori, Italy. …

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China's car sales stay flat in March amid price war

Automotive Industry Reuters - 2023-04-10

Growth in sales of China's passenger vehicles was flat in March from a year earlier, industry data showed on 2023 April 10, as more price cuts by auto brands and the rollout of incentives by local governments helped to support demand. …

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Europe's EV push nearly faltered over fringe fuels that are years away

Automotive Industry Automotive News Europe - 2023-04-06

It sounds inconceivable that Europe’s plan to usher in the age of electric vehicles almost went awry because of a prohibitively expensive technology that is virtually unavailable, but that is exactly what happened. …

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Chinese brands make inroads into German market in March

Automotive Industry Automotive News Europe - 2023-04-05

Chinese automakers have started making inroads into Germany after they targeted Europe's biggest market to offset their tough domestic market. …

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Are we seeing the end of the entry-level car?

Automotive Industry Just Auto - 2023-04-05

The number of the smallest, entry-level cars has been on the decline in Europe. …

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Is the car industry going cold on full self-driving tech?

Automotive Industry Automotive Daily - 2023-04-03

Ford abandons public testing of level-four-capable autonomous vehicles due to their “near-term” unprofitability. …

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