News

Volvo’s EV unit Polestar increased sales 125 percent to 21,200 electric vehicles during the first half, nearly matching its full-year volume from last year.

Twitter’s suit, filed Tuesday, cites no fewer than 13 Musk tweets in setting out the arc of the billionaire’s infatuation with the service, which started with the pun of “love me tender” before his bid in April.

Panasonic plans to boost battery density by using a new mix of additives to allow individual cells to run at a higher voltage without damaging battery performance.

Bosch plans to spend more than $3 billion to satisfy a growing demand for microchips in Europe — but the move could help ease the global chip shortage in general.

John Bozzella, CEO of the Alliance for Automotive Innovation, said the private sector is “heavily investing” in vehicle-to-everything — or V2X — technology but that the U.S. also needs “a regulatory and policy environment that supports and facilitates V2X adoption and use.”

In his email to employees, CEO RJ Scaringe said the company is “financially well positioned,” but that it has begun “prioritizing certain programs (and) stopping some.”

Erb will be responsible for all legal matters across the North American region, including product liability, safety and warranty and dealer franchise issues.

For 2022, the IHS Markit light-vehicle production forecast was cut by 9.3 percent, or about 8.4 million vehicles.

The surge in used car prices this year amid supply chain disruptions and a rebounding economy has been a major contributor to the jump in U.S. inflation.

When Ford Motor Co. built its first factory in India in the mid-1990s, U.S. carmakers believed they were buying into a boom — the next China. It never happened.