There’s enough consumer demand for manufacturers to ramp-up output of new models but not enough supply, Ally CEO Jeffrey Brown told investors this week.
Wall Street frets over a revived CFPB Trump left toothless
Thanks to a Supreme Court decision earlier this year, Biden will be able to fire Kathy Kraninger, the watchdog’s Republican director, even though her term isn’t complete — a move likely to happen in the weeks after the inauguration.
New Toyota Mirai meaner and greener with estimated range of 528 miles
The redesigned Mirai fuel cell vehicle not only looks a lot better, it delivers better range, performance, efficiency and cost, emboldening Toyota to ramp-up production capacity.
Volvo to invest $83 million to make e-motors in Sweden
The automaker’s Skovde factory will supply e-motors to its vehicle assembly plants in Europe, a Volvo spokeswoman said, adding that it may also provide the component to the automaker’s facilities in the U.S. and China.
Honda halts UK production as port congestion holds up parts