About $3.16 billion in grants will be made available to produce key metals for the batteries, such as lithium, cobalt and nickel. The grants are intended to reduce U.S. reliance on competitors led by China.
The defect is caused by the rear axle horizontal mounting bolt fracturing during acceleration. The fractured bolt causes a severe noise that customers describe as “loud, grinding, binding, or clunking,” NHTSA said.
Stellantis will retool its plants in Windsor and Brampton, converting them to what the company described in a statement as “flexible, multi-energy vehicle assembly facilities ready to produce the electric vehicles of the future.”
Toyota is inching closer to using up a tax credit for hybrid and electric vehicles, a milestone the automaker argues raises its costs.
The automaker will use Vitesco’s electric components on smaller cars based on the E-GMP platform, which underpins EVs from Hyundai, Kia and Genesis.