China dominates the production of iron-based batteries thanks to a series of key patents, which have allowed the country to make 95% of the world’s lithium iron phosphate batteries.
AutoNation nearly doubles Q3 net income, will acquire Priority 1 Automotive
The auto retail giant’s earnings were aided by higher used-vehicle sales and higher new-vehicle gross profit per units, despite lower new-vehicle sales.
Former Nissan director Kelly could get powerful ally in next ambassador to Japan
Rahm Emanuel, nominated as the next top U.S. diplomat to the longtime Asian ally, says he has ordered a review of Kelly’s legal odyssey in Japan and is making the matter a “top priority.”
Ford Maverick hybrid deliveries delayed to Jan. 2022
The hybrid pickup is on track to get a better-than-expected 42 mpg city rating, but final emissions certifications will delay customer deliveries until January.