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OTTAWA — Stellantis and South Korea’s LG Energy Solution are implementing “contingency plans” related to a more-than $4-billion battery plant investment in Canada because the federal government has not delivered on its promises, a Stellantis spokesperson said. “As of today, the Canadian Government has not delivered on what was agreed to, therefore Stellantis and LG Energy
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As automakers ramp up electric vehicle production and scramble to secure their battery supply chains, they are meddling less in the business of traditional parts suppliers, according to an industry expert and executive. That’s because the automakers are faced with the once-in-a-century challenge of reinventing their companies, a capital-intensive task that leaves fewer resources for
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 PARIS — The French government is seeking to limit incentives for buying new full-electric vehicles to those built in Europe, President Emmanuel Macon said, part of a package of environmentally friendly business incentives meant to boost French competitiveness. EVs sold in France are eligible for a 5,000-euro ($5,500) credit, provided their maximum price is below
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Last week 40,055 vehicles were axed from production plans because of the microchip shortage worldwide as automakers continue grappling with supply chain woes, according to the latest estimate by AutoForecast Solutions. Most of last week’s cuts were at European assembly plants, where about 29,300 vehicles were removed from factory schedules. There were also losses at
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There’s been a lot of fuss about the supposed “$14,000 GM electric mini-truck” recently, but you probably shouldn’t get too worked up about it. That’s not to say that electric mini-trucks aren’t an exciting new field. I’m a proud owner of one and I love the thing. Mini-trucks, and especially electric mini-trucks, are incredibly useful
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BERLIN — The market share of electric cars exported to Germany from China more than tripled in the first quarter, a worrying sign for German automakers struggling to keep up with their fast-moving Chinese peers. From January to March, 28 percent of electric cars imported into Germany came from China, compared with 7.8 percent in
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Once the darlings of automotive investors, electric vehicle startups are now limping along under the weight of a heavy cash burn, forcing companies to find new ways to stanch the bleeding. Rivian Automotive Inc., Lucid Group Inc., Nikola Corp. and Faraday Future Intelligent Electric Inc. all had fewer months of cash on hand in the
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Many of us working in the connected car space are searching for explanations for the slow consumer adoption of telematics-enabled, usage-based insurance, or UBI, programs, especially as more new vehicles are embedded with connectivity, which helps power personalized insurance policies and can benefit customers. Although insurers have widely embraced data, including driving and vehicle data
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