Herbert Diess keeps CEO job; VW increases EV spending to catch Tesla
VW’s spending for electric vehicles will be raised by about 50 percent to nearly $59 billion.
Demand pushes wholesale used-vehicle prices to new highs, yet again
Cox Automotive’s Manheim Used Vehicle Value Index, which tracks vehicles sold at Manheim’s U.S. auctions, was up 44 percent in November compared with the same month in 2020.
Ford caps F-150 Lightning reservations near 200,000 as production nears
The automaker plans to institute a staggered ordering process, with the possibility of some reservation holders having to wait for the 2023 model year.
Biden to order end of gasoline-powered vehicle purchases for federal fleet by 2035
The executive order also pledges 100 percent zero-emission light duty vehicle acquisitions by 2027. The U.S. government owns more than 600,000 vehicles
Michigan lawmakers fast-tracking tax incentives, brownfield renewal in EV plant 'arms race'
Four House bills would create a fund for making development sites shovel-ready and a fund specifically targeted toward critical industries, such as electric vehicle manufacturing.