Volvo to create JV with Geely to run its powertrain business
The new company, named Aurobay, is eventually expected to supply customers outside the Volvo-Geely group.
Tesla faces fine over illegal construction at German plant
The environment ministry for Brandenburg, where the factory will be located, found that Tesla had constructed tanks on land without getting authorization to do so, a report said.
Stellantis will build battery plant at Italian engine factory
The plant will be at its engine facility in Termoli, Italy, joining previously announced factories in Germany and France. The automaker has also said it will build a plant in the U.S.
GM recalls 330,000 Silverado, Sierra heavy-duty pickups over possible engine fires
GM said it received 122 related complaints and 24 reports of potential fires between Dec. 3, 2019, and May 28, 2021.
South Korea ponies up $35 billion for EV batteries to compete with China
The government said LG Energy, SK Innovation and Samsung SDI will be key players, driving investment in R&D and battery production.