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Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for March 8
Rivian Delays Georgia Plant; Apple Spent $1 Billion A Year on EV; Generative AI to Have Huge Impact on Auto Industry
March 8, 2024 -
Phillip Faraone for Rivian via Getty Images
Rivian halts construction on $5B Georgia EV facility
The electric vehicle maker plans to produce its R2 model at its Illinois facility instead, starting in the first half of 2026.
By Sara Samora • March 8, 2024 -
Courtesy of General Motors
GM, Magna and Wipro to create automotive software marketplace
The platform, dubbed SDVerse, aims to match buyers and sellers of embedded automotive software for software-defined vehicles.
By Michael Brady • March 8, 2024 -
Courtesy of Stellantis
Stellantis launches ‘Ram Professional’ commercial unit in North America
It's part of the automaker’s effort to boost recurring revenue.
By Eric Walz • March 8, 2024 -
Courtesy of Nikola
Nikola delivers its first fuel cell electric trucks
The OEM delivered 35 in Q4 — and could have done more if not for supplier part constraints, CEO Steve Girsky said.
By David Taube • March 8, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for March 7
Tesla Berlin Down Longer Than Expected; GM Closer to Offering Military Vehicles to UAE; Rivian Cuts Shift on Efficiency Gains
March 7, 2024 -
Courtesy of Ford Motor Co.
Ford, dealers offer $2M in automotive technician scholarships
The auto industry is facing a shortage of techs, with over 400,000 needed by 2027, according to the automaker.
By Eric Walz • March 7, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for March 6
Attack On Tesla Berlin Called Terrorism; U.S. EV Chargers Surpass Break Even Point; Sen. Rubio: Hike China Car Tariffs By $20,000
March 6, 2024 -
Courtesy of Scout Motors
Scout Motors breaks ground on $2B EV plant after environmental delays
The automotive company plans to finish its South Carolina facility in 2026 after pausing construction in the fall of 2023.
By Sebastian Obando • March 6, 2024 -
Courtesy of WardsAuto
Column
Major Car Markets (and OEMs) Have Stopped Growing
Because the major markets are not growing, automakers are going to have to fight tooth and nail to hold onto the customers they’ve got.
By John McElroy • March 6, 2024 -
Courtesy of WardsAuto
Fears Grow of Auto Trade War Between China and EU
Retroactive tariffs could slam Chinese automakers receiving unfair government support.
By Paul Myles • March 6, 2024 -
Courtesy of Stellantis
Stellantis’ Pro One commercial business accounted for one third of its $200B net revenue in 2023
The automaker’s Ram brand reached 20% market share in North America’s commercial van segment.
By Eric Walz • March 6, 2024 -
Courtesy of Toyota Motor North America
Toyota to buy EV battery company, ending venture with Panasonic
The automaker expects Primearth EV Energy Co. to help it respond to changes in demand for electrified vehicles.
By Michael Brady • March 6, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for March 5
Eco Militants Attack Tesla Berlin; Dodge Charger Offers Choice of ICE or BEV; Warranties Cost OEMs Billions/Year
March 5, 2024 -
Courtesy of Hyundai Motor Group.
Hyundai moves up Georgia EV factory timeline
The new plant will now begin production in Q4 of this year, months earlier than expected.
By Sara Samora • March 5, 2024 -
Courtesy of Lordstown Motors
SEC charges Lordstown Motors with misleading investors on sales outlook
The defunct EV startup allegedly made false or misleading statements about pre-orders, parts access and delivery timelines, according to the U.S. Securities and Exchange Commission.
By Jim Tyson • March 5, 2024 -
Courtesy of WardsAuto
Autoline Daily: Top Industry News for March 4
Jaguar Ending ICE Vehicle Production in June; Lawyers Want $6 Billion From Tesla; 2024 U.S. Car Sales Off to Good Start
March 4, 2024 -
Courtesy of American Honda Motor Co.
Honda, Hyundai, Mazda and Subaru saw US sales rise in February
Only Kia's sales dropped, its third consecutive month of falling numbers.
By Michael Brady • March 4, 2024 -
Courtesy of Xpeng Inc.
China’s Xpeng, Volkswagen Group to co-develop EVs
The automakers will jointly develop and source common parts for two China-specific midsize EVs.
By Eric Walz • March 4, 2024 -
Courtesy of WardsAuto
UAW Reaching Across Border to Support Mexican Auto Workers
The UAW argues that helping improve wages and working conditions for auto workers in Mexico will give automakers less incentive to “offshore” their operations there.
By Joseph Szczesny • March 4, 2024 -
Courtesy of WardsAuto
Autoline Daily 2024: Top Industry News for March 1
Kia U.S. EV Sales Soar 65%; Vertical Integration? Legacy OEMs Rely More On Suppliers; Bugatti Dumps W16, Goes with PHEV V16
March 1, 2024 -
Courtesy of WardsAuto
Fisker Facing Financial Fire Again, Talks To Nissan
Fisker Inc. has become a penny stock, and the company is burning cash and reaching out for new capital to Nissan.
By David Kiley • March 1, 2024 -
Courtesy of Motional
AV startup Motional to cut non-technical staff by 5%
It’s the latest autonomous vehicle company, including Cruise, to face financial challenges as the technology comes under increasing scrutiny.
By Eric Walz • March 1, 2024 -
Mohamed Farag via Getty Images
Porsche names new head of North America customer experience
Christine Russell Fleischer, who was most recently at Infiniti, will take over as VP of customer experience and will report to CEO Timo Resch.
By Kristen Doerer • March 1, 2024 -
Courtesy of Fisker Inc.
Fisker seeks deal with major automaker as survival is in question
The automaker also plans to streamline operations and slash its staff by 15% after losing $464 million in Q4.
By Michael Brady • March 1, 2024
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