An engine undergoes assembly at the Stellantis Dundee Engine Complex on August 18, 2022 in Dundee, Michigan. Bill Pugliano | Getty Images Carmaker Stellantis on Wednesday announced record full-year results, reporting a 26% rise in net profit to 16.8 billion euros ($17.9 billion) and a 41% annual jump in global battery and electric vehicle sales.
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General Motors’ Corvette assembly plant is idle this week due to a temporary parts shortage. GM spokesman Dan Flores would not specify which part caused the shortage but told Automotive News the shortage “is not semiconductor chip-related.” Production is expected to resume Monday, Feb. 27, at the plant in Bowling Green, Ky. “Our supply chain,
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We find out just how fast the D3 Cadillac CTS-V Wagon is when we put it in a head to head drag race battle with our own long term stock CTS-V wagon. Read the full story here: http://www.motortrend.com/roadtests/wagons/1108_d3_cadillac_cts_v_wagon_test/ Shot by: Jim Gleason, Corey Denomy Edited by: Jim Gleason
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Tesla has signed a deal with Magnis Energy Technologies, an interesting new battery technology company based in Australia. It could become an important partner for the automaker. Magnis announced today that it signed an anode active materials (AAM) offtake agreement with Tesla: Magnis Energy Technologies Ltd (“Magnis”, or the “Company”) (ASX: MNS; OTCQX: MNSEF; FSE:
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SHANGHAI – Volkswagen Group’s joint venture with China’s SAIC Motor has appointed Jia Jianxu, a veteran executive at the state-owned Chinese automaker, as its new general manager. Jia has more than 20 years of experience in the auto industry and was in charge of SAIC’s European market expansion, according to SAIC-VW’s statement. Both automakers have
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The smallest Cadillac crossover SUV just received an overhaul. On Monday, the 2024 Cadillac XT4 debuted with a refined exterior design and an revised dashboard featuring the automaker’s latest whiz-bang technology. Set to continue in three trim levels including Luxury, Premium Luxury, and Sport, the refreshed XT4 will hit dealers this summer after production commences
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