Ford adds Renault exec to lead new business operations
Franck Louis-Victor, 48, will oversee the company’s autonomous vehicle and mobility services teams as well as its Ford X incubator.
Subaru to idle two Japan plants July 16 due to chip shortage
The operations produce several popular Subaru vehicles exported to the U.S., including the Forester, Crosstrek, BRZ and WRX.
Ex-Tesla president sold stock worth $274 million since June 10
Jerome Guillen, a former Mercedes engineer who was with Tesla since 2010, left the company on June 3.
Volvo partners with Northvolt to produce EV batteries
The companies aim to set up a gigafactory in Europe with a potential capacity to produce up to 50 gigawatt hours per year.
Porsche to set up joint venture with German battery maker
The partnership will aim to produce car batteries with higher energy density than prototypes used in Porsche’s electric cars.