Automotive
Volkswagen expanding electric vehicle production in US
Production to begin there in 2022 when a 564,000-square-foot addition to the Chattanooga body shop is complete.
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Musk says Tesla to build new factory near Berlin
The new plant will build batteries, powertrains and vehicles, starting with Model Y.
Martinrea earnings up 28% in Q3 despite GM strike
$4 billion revenue target pushed back to 2021 after several auto companies pushed back vehicle programs.
Magna cuts 2019 outlook after GM strike in US cuts volume
Expects total sales this year of between $38.7 billion and $39.8 billion.
Ford electric vehicle chief sees more products, sales growth
Automaker is unveiling an electric SUV that is inspired by the Mustang performance car.
GM selling shuttered Ohio factory to electric truck maker
Lordstown Motors plans to start with hiring 400 production workers.
Acting UAW head to clean up corruption found by feds
Promising financial controls in place to stop the bribery and embezzlement.
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Fiat Chrysler PSA deal likely to bring fewer brands, models
Will create the world’s fourth-largest auto company worth $50 billion.
Fiat Chrysler merger with PSA appears headed for approval
Would create the world’s fourth-largest automaker with a combined market value of around US$50 billion.
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Ford, UAW union reach tentative contract agreement
Agreement likely will mirror the pact approved by GM workers after a 40-day strike.
Unifor signs deals with firms affected by GM Oshawa plant closure
Agreements provide for improved severance packages for employees compared with the legislated minimum requirements.
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BMW awards Magna its largest ever transmissions order
Multi-year deal covers all front-wheel drive, dual-clutch, hybrid variants.
Fiat Chrysler confirms talks with French carmaker Peugeot
Not specifying whether the goal is a full merger or a looser alliance.
Automakers side with Trump in legal fight with California
They want one national program with achievable standards to reduce greenhouse gas emissions.
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Energy demands will change with 13.2M electric vehicles by 2030
EY report says rapid adoption could also cause an 11% spike in Canadian electricity demand.
