Month: April 2022

Even those companies in China whose factories are operating under so-called closed-loop systems might be forced to stop work due to parts shortages or logistical challenges that make moving people and goods around the country near impossible, a European chamber of commerce has warned. “A few companies are running in closed-loop production now. Those companies
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Toyota Motor North America said Tuesday it will invest $383 million across four plants in the United States to prepare for what appears to be a new four-cylinder engine variant for traditional and hybridized powertrains. Toyota vehicles sold in the U.S. and equipped with four-cylinder engines now come in three displacements: 1.8-liter, 2.0-liter and 2.5-liter,
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In a wide-ranging interview that aired Sunday night on U.S. TV network CBS’ newsmagazine, “60 Minutes,” Volkswagen Group CEO Herbert Diess spoke to Leslie Stahl about about the turmoil in Ukraine, criticism in China, the company’s electrification ambitions, competitive pressure from Tesla, which recently opened a factory on VW’s home turf, and the automaker’s challenges
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SHANGHAI — Manufacturers including Volkswagen Group and Tesla began preparing on Monday to reopen their Shanghai plants as China’s most populous city accelerates efforts to get back to normal after a nearly three-week COVID shutdown. Still, most workers will have to live onsite, and there was no immediate word how factories will deal with disrupted
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NEW YORK — The New York International Auto Show is bustling again. It was a long road to get here, and the dire circumstances of two years ago, when COVID-19 forced a sudden hiatus for one of the industry’s premier launch pads, illustrate just how far the show’s journey back has been. The 2020 event
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The cumulative electric-only range on vehicles sold worldwide in 2021 was more than 1 billion miles for the first time, according to consulting firm AlixPartners. As sales climbed and efficiency improved, e-range — as AlixPartners calls the electric-only range metric — stood at 1.2 billion miles in 2021. Approximately two-thirds was added in the second
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In this article RIVN Rivian CEO RJ Scaringe on April 11, 2022 inside the company’s plant in Normal, Ill. Michael Wayland / CNBC NORMAL, Ill. – Rivian Automotive CEO Robert Scaringe hops out of one the automaker’s R1T electric pickups outside of the company’s plant in central Illinois as a man chants, “RJ, RJ!” Scaringe,
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