Apple supplier Foxconn halts EV project with Byton, report says
Foxconn said in January that the Apple assembler and the Nanjing Economic and Technological Development Zone had agreed to start building electric SUVs in 2022 for Byton.
Mercedes sees sales stabilizing by year-end despite chip turmoil
The unit is still targeting an operating profit margin of between 10 percent and 12 percent for 2021.
Daimler boss bets on Mercedes EQS to stimulate EV demand in N.A.
Daimler CEO Ola Kallenius wants the Mercedes-Benz brand to leverage its position at the intersection of luxury and technology to establish a strong foothold in the electric vehicle sector in the U.S.
Lithia enters Georgia, expands in California
Combined, the two acquisitions will add an expected $320 million to Lithia’s annual revenue.
Ford's India factory workers seek government help to safeguard jobs as exit looms
The U.S. automaker’s plans to permanently close factories in India this year and next potentially put 4,000 workers at risk of layoffs.