Ford’s first-quarter earnings drop from a year ago, but still manage to beat Wall Street forecasts by overachieving on commercial vehicles and software services.

Nearly half of the brand's global vehicle sales comprised PHEV- and BEV-powertrain cars in first-quarter 2024.

The Electro Movilidad Asociación (EMA), formed by companies including Volvo, Tesla and China’s JAC Motors and BYD, has secured a commitment from its members to increase their investments in Mexico.

Tesla CEO Elon Musk says Tesla plans to build “affordable models” that incorporate pieces of a next-generation platform on the production lines in the company’s existing factories in China, Germany, California and Texas.

State officials say 380 high-wage jobs will be created by the new mine in Wakefield and Ironwood townships in Gogebic County, part of a region that has long supplied the auto industry with raw materials.

EY metals analyst sees big business and ecological benefits from investment in recycling lithium battery components.

Chairman and CEO Mary Barra says GM is preparing to launch several new vehicles that will bolster its position in China and expects to become profitable again in second-quarter 2024.

The Linux-based software for safety applications is designed to accommodate quick updates without the need for recertification, cutting maintenance time and development costs by up to half, the company says.