Nissan's new SUMO assembly technique wrestles with EV production
A key innovation is a new powertrain assembly technique called SUMO, short for simultaneous underfloor mounting operation. It foreshadows Nissan’s approach to next-gen EV production.
Tesla moving HQ to Austin, Texas, Musk says
The automaker’s CEO made the announcement at Tesla’s annual shareholders’ meeting.
Wholesale used-vehicle prices hit record highs in Sept., key index says
Cox Chief Economist Jonathan Smoke said average wholesale prices have increased for eight straight weeks through last week. And they do not appear to be at a peak for 2021.
Stellantis investing $229 million to build new electrified transmission in Indiana
The automaker will retool three Indiana plants to build its new flexible eight-speed transmission that can be used in both electrified vehicles and those with conventional setups.
LMP closes on purchase of majority stake in Stellantis dealership in N.Y.
LMP, which has more than a half-dozen franchised rooftops, has several pending acquisitions in its pipeline.