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Mexican supplier Nemak reported net income of $40 million in the first quarter, compared with a net loss of $14 million in the year-earlier period, and attributed the turnaround to cost-reduction initiatives and an improved product mix in its electric vehicle and structural applications segment. Revenue increased 15 percent to about $1.04 billion, up from
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The president of a luxury used-vehicle dealership in Texas is growing his business in the state with the acquisition of a Chevrolet-Buick store. Michael Handwerger, president of Alpha One Automotive Cos. in Round Rock, last week bought Miller-Starnes Chevrolet-Buick in Rockdale from Allan Miller and Kerry Starnes. “We were looking for a store within a
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General Motors and LG Energy Solution today confirmed the two companies will build a $2.3 billion battery cell plant in Tennessee that will be key to powering the 2023 Cadillac Lyriq electric midsize SUV, which will be assembled at the adjacent Spring Hill vehicle assembly plant starting next year. Construction begins immediately on the 2.8-million-square-foot
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DETROIT — General Motors’ goal to have a fully zero-emission lineup by 2035 is unquestionably ambitious, considering it sells just one electric vehicle in the U.S. today. But a top executive with the automaker says that’s a target, not a promise, and GM won’t give up on gasoline-powered vehicles so soon if consumers still want
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Mercedes-Benz is adopting the boxy styling of its rugged G-Class off-roader with its latest battery-powered vehicle, the EQB. The compact utility will offer seating for up to seven people and is targeted at families who want a greener alternative to the GLB combustion engine model on which it’s based. The EQB’s driving range is 478
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By 2030, every nameplate—including Jeep, Ram, Chrysler, Dodge, Maserati, and a plethora of other brands—under the Stellantis umbrella (the company created in January by merging FCA and PSA Group) will offer an electric vehicle. In the run-up to 2030, the company plans to build plug-in hybrids of most models as part of an accelerated global electrification
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Volkswagen is expanding its electric vehicle family with two versions of a production-ready, three-row, seven-passenger crossover that it will begin producing in China with two joint-venture partners. A version of the Atlas-sized ID6 — the latest in the automaker’s global lineup of EVs, following the debut last year of the Golf-sized ID3 and Tiguan-sized ID4
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As president of General Motors from 1990 to 1992, Lloyd Reuss was an early champion of the Impact, the concept car that became the EV1. Among other things, Reuss, now 84, helped put in place the engineering team that created the Impact. Thirty years later, Reuss’ son, Mark, 57, is now GM president, and he’s
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The coronavirus outbreak in Michigan, which has emerged as the worst U.S. hotspot, is surging in a critical factory for Stellantis NV’s Ram pickup truck with an estimated 10 percent of production employees out for COVID-related reasons. About 630 production workers were absent on Tuesday because they’d either tested positive for COVID-19 or were in quarantine,
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Mercedes-Benz wants to shock and awe with its first battery-electric model in the U.S. — and attract new customers to the brand. The EQS sedan is an emissions-free reincarnation of Mercedes’ vaunted flagship S-Class, and it’s at the vanguard of a fleet of EVs that the automaker will launch in the U.S. under the EQ
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Hummers are big, right? Duh, you’re thinking, that’s not news. Always were, always will be. It’s not, and you’re right: the 2024 GMC Hummer EV SUV is a big, big vehicle—just like its unabashedly, proudly oversized predecessor, the 2003-2009 Hummer H2. Debuting just a few years after the first-generation Toyota Prius, the first non-military Hummer
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Toyota Motor North America has recast its head of strategy to a new role in its information technology division and promoted another executive to take over a reorganized strategy function. Doug Murtha, 55, who joined Toyota’s executive ranks in 1992, once led the former Scion division, and most recently worked as the group vice president
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