U.S. industrial production rebounded 1.6% last month
U.S. industrial production rebounded as automakers posted strong increases and the adverse effects from a hurricane that struck the nation’s energy complex in the Gulf of Mexico faded.
Auto Industry
Articles
Justices turn away VW appeals over emissions scandal lawsuits
The U.S. Supreme Court on Monday rejected appeals from Volkswagen that sought to stop state and local lawsuits related to the 2015 scandal in which the automaker was found to have rigged its vehicles to cheat U.S. diesel emissions tests.
Wild bidding wars erupt at used-tractor auctions across the U.S.
The used tractor business is quickly becoming a crucial marketplace that’s allowing farmers to keep harvesting corn, wheat and soy day and night at a time of insatiable demand from buyers.
RV company plans Indiana expansion, 500 jobs
Forest River expects to start production at the new site by the end of November, with the first travel trailer expected to come off the production line in early December.
Congress mandates new car technology to stop drunken driving
It’s one of the mandates along with a burst of new spending aimed at improving auto safety amid escalating road fatalities in the $1 trillion infrastructure package that President Joe Biden is expected to sign soon.
VW, Stellantis chime into chip optimism with U.S. peers
Both carmakers said they had moved past the worst of the availability issues that have snarled production lines globally. Their views contrasted with those of Samsung Electronics.
Ford, GM profits fall as sales drop due to chip shortage
The global computer chip shortage cut into third-quarter profits at both Ford and crosstown rival General Motors, with both companies having to temporarily close factories, pinching supplies on dealer lots.
Hertz orders 100,000 electric vehicles from Tesla
The deal likely is worth around $4 billion. Mark Fields, Hertz’ interim CEO, said that Teslas are already arriving at the company’s sites and should be available for rental starting in November.
Toyota planning to build $1.29B U.S. battery plant employing 1,750
The Toyota plant location wasn’t announced, but it will likely be near one of the company’s U.S. assembly plants in Indiana, Missouri, Kentucky, Alabama or Texas.
Carmel used-car auction company sold to New York firm
Detroit-based private equity firm Huron Capital has sold XLerate Group—a company it formed in 2014— to a firm in New York.
Stellantis to spend nearly $230M to build electric car transmissions in Kokomo
The Indiana Economic Development Corp. said it would offer Stellantis up to $19.5 million in conditional tax credits based on the company’s investment and its plan to retrain and retain 660 employees.
GM sets goal to double revenue, lead U.S. in electric vehicle sales
The company also teased upcoming new electric vehicles including a Chevrolet small SUV that will cost around $30,000, as well as electric trucks from Chevrolet and GMC, SUVs from Buick, and luxury vehicles from Cadillac.
Electric vans roll off Indiana line that once made gas-guzzling Hummers
The van, manufactured at the Electric Last Mile Solutions Inc. plant in Mishawaka, is among the first of its kind in the U.S. market: a fully electric, light-duty vehicle meant for delivery workers, contractors and other commercial fleets.
Green energy takes hold in unlikely places with Ford project
When Ford revealed plans to spend more than $11 billion on the fledgling electric vehicle sector, the automaker chose two states where Republican leaders have criticized the push for green energy and defended fossil fuels.
Honda’s Indiana factory adds new model to production line
Production has started on a new car model at Honda’s factory in southeastern Indiana. Honda executives, workers and several state officials marked the start of mass production for the 2022 Civic Hatchback at the Greensburg plant during a ceremony this past week. The new Civic Hatchback becomes the third type of vehicle produced at the […]
Auto forecaster slashes outlook by most since chip woes emerged
A forecaster whose production projections are cited by automakers, suppliers and research analysts the world over just took its biggest chop yet to estimates that have been falling all year due to the global chip shortage.
Record year expected for northern Indiana’s RV industry
A forecast released by the RV Industry Association projects a record shipment of about 580,000 vehicles this year, an increase of 34% from 2020 and 14% more than the previous highest mark in 2017.
GM, Ford halt some production as chip shortage worsens
Among the plants halting production is one near Fort Wayne that makes the popular Chevrolet Silverado pickup and has more than 4,400 employees.
GM and LG’s too-big-to-fail ties tested by $1B recall
GM last week recalled Bolt EVs for the third time in nine months because of risk their batteries could catch fire. At stake is what has looked like one of the most promising partnerships in the burgeoning world of electric vehicles.
KAR announces $450M acquisition of California-based wholesale auto auction firm
Escondido, California-based Carwave, founded in 2009, serves franchised and independent dealers in California and has been expanding into other states.