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US automaker

Tesla cuts prices in China

Tesla cuts prices in China

Published 09 Jan, 2023 06:00am
SHANGHAI: Tesla cut prices in China for the second time in less than three months on Friday, fuelling forecasts of a...
GM boosts spending on electric vehicles, to add two new US battery plants

GM boosts spending on electric vehicles, to add two new US battery plants

Published 16 Jun, 2021 07:08pm
  • The No. 1 US automaker said it will now spend $35 billion through 2025 on EVs, an increase of 75% from March 2020 before the COVID-19 pandemic shut down the industry.
  • GMT's announcement comes less than a month after rival Ford Motor Co upped its EV spending by more than a third to over $30 billion by 2030.
GM affirms 2021 outlook

GM affirms 2021 outlook

Updated 06 May, 2021 10:15am
NEW YORK: General Motors reported higher first-quarter profits and reaffirmed its full-year outlook Wednesday,...
Ford cuts production at two German plants due to chip shortage

Ford cuts production at two German plants due to chip shortage

Published 03 May, 2021 07:43pm
  • "The situation on the global semiconductor market remains tense and, according to all estimates, will continue to be so in the coming months, resulting in supply bottlenecks," a spokeswoman for Ford said in a statement.
  • The carmaker said it planned to make up for lost production "as best we can" and would prioritise vehicles already ordered by customers.
Goodyear Tire results top estimates as auto demand rebounds

Goodyear Tire results top estimates as auto demand rebounds

Updated 30 Apr, 2021 06:02pm
  • US auto demand, however, has risen since then, as consumers focus on personal safety and opt for private vehicles during the COVID-19 pandemic. Low interest rates and stimulus checks are also aiding the rebound.
  • The company, whose brands include Kelly and Dunlop, said tire volumes rose 12% to 35 million units in the quarter, while replacement tire volumes jumped 14%.
GM marketing spend will return to normal levels post pandemic

GM marketing spend will return to normal levels post pandemic

Updated 12 Apr, 2021 08:16pm
  • What we went through in the pandemic was certainly severe and we should be moving back up to our normalized levels.
  • GM's Wahl also said the No. 1 US automaker will offer a third-party app that delivers in-vehicle navigation capability to about 900,000 vehicles that lack the feature.
Ford's Turkish joint venture to produce electric vans from 2023

Ford's Turkish joint venture to produce electric vans from 2023

Updated 16 Mar, 2021 10:01pm
  • Ford Otosan will also make a one-tonne commercial vehicle for Volkswagen AG as part of an alliance between Ford and the German carmaker.
  • Ford is the top commercial vehicle brand in Europe with a 15% share, and has led the commercial van market in Britain, Europe's largest, for 56 years.
US agency orders Ford to recall 3 million vehicles over air bags

US agency orders Ford to recall 3 million vehicles over air bags

Published 20 Jan, 2021 10:27am
  • NHTSA said in November that GM must recall the 2007-2014 model year trucks and SUVs because the inflators "are at risk of the same type of explosion after long-term exposure to high heat and humidity as other recalled Takata inflators."
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