VinFast, a Vietnamese startup, is moving forward with a plan to make things in the U.S. and think big. It says VinFast plans to spend more than $4 billion on a new plant in North Carolina that will make about 7,500 cars by 2027. 200,000 or more cars will be made each year at the North Carolina plant, which will be built on a 2,150-acre site in Moncure, NC. It will be a 30-minute drive from Raleigh. If you want to buy a car from this company, you haven’t yet. VinFast, a company that makes high-end electric cars, wants to…
Author: hendfares88
General Motors is setting up a new group called commercial growth strategies and operations to run the company’s cross-brand retail and fleet sales, electric vehicle operations, and commercialization of new business opportunities. Steve Hill, 60, who has been vice president of global Chevrolet since 2019, will lead the new group, General Motors said in a statement Monday. Hill has been with the company since 2019. Hill will be in charge of the GM Fleet, U.S. sales operations, and EV retail teams. Commercial Growth Strategies and Operations is well-equipped with this team of leaders to keep GM dealers profitable and grow…
A $1.1 billion plant in Austin, Texas, opened its doors to thousands of Tesla fans. It will help the company make more electric cars and launch new products, like the Cybertruck pickup truck, in the future. The CEO of Tesla, Elon Musk, is set to speak to 15,000 people at the Cyber Rodeo event late Thursday about new versions of the Model Y compact crossover that will be built in Austin with a new battery pack that will improve range and cut costs. It is part of Tesla’s new “master plan” to “scale to extreme size,” Musk said on Twitter…
A Connecticut Kia dealership sued LMP Automotive Holdings Inc. last week for breach of contract and $100,000 in failed acquisition payments. But a dealership lawyer claimed a settlement may be on the way. On Monday, K & W Enterprises and Ash Street Holdings sued LMP and First American Title Insurance Co. LMP allegedly broke the acquisition agreement for Kia of East Hartford and property by failing to provide the required information to Kia Motors America. To consummate the sale, LMP needed manufacturer approval. Because of this alleged contract breach, the dealership and real estate company claim the deposits. The dealership,…
Since its launch in late 2020, GM has refined VINView, McNeil said. A vehicle leaves the factory and travels to a dealership. Nienow had assured customers that dealers didn’t have FedEx-level car tracking data. “You can sell more confidently on your incoming units if you know they’ve shipped already,” he said. The epidemic and global microprocessor shortage drained stockpiles, making the instrument vital. Customers frequently call Donohoo Chevrolet in Fort Payne, Ala., for updates. “Customers are used to waiting a few days for a vehicle. It’s usually there “said he LaFontaine Automotive Group, which participated in an early VINView test,…
The pressure within the gloves can reach around 4 pounds per square inch, which is enough to cause astronauts to lose their fingernails on occasion, according to Ron Diftler, a former project manager at Houston’s Johnson Space Center. “The astronaut glove wearer is fighting against that as they attempt to maintain their grasp,” he explained. “What if we could use this robot technology to enhance the astronaut’s grabbing skills, making the task less difficult?” According to NASA, by 2015, GM employees were developing glove prototypes and the automaker was looking for a commercial partner to assist in refining the technology.…
Elon Musk, CEO of Tesla Inc., has acquired a 9.2 percent interest in Twitter Inc., according to a regulatory filing on Monday, sending the microblogging site’s stock up 24 percent in premarket trading as of 7 a.m. EDT. Late in March, the silicon valley billionaire stated that he was “seriously considering” developing a new social networking platform. Musk was replying to a Twitter user’s question about whether he would consider developing a social media platform based on an open source algorithm that prioritised free expression and had a low tolerance for propaganda. Musk owns 73.5 million Twitter shares, which values…
“That is absolutely a value offer for the buyer,” Tavon Brooks, director of Jeep brand product in North America, stated. Jeep is gathering data on consumer preferences in the plug-in hybrid category with the Wrangler 4xe. The Wrangler 4xe has attracted a younger, more educated demographic that enjoys the outdoors. Morrison hopes for more of the same with the Grand Cherokee, but noted that the brand is considering additional factors. “Sometimes demographics have a role, and other times psychographics and attitude play a role,” Morrison explained. “It’s all about the Jeep and the connection to the great outdoors. As we…
The aggressive fuel-economy rules that the Biden administration put out last week are meant to encourage more electric cars to be made, but they rely on a credit programme that some environmentalists say hurts the program’s goal of cutting pollution. The system allows carmakers to say that each electric vehicle in their lineup is getting more than 100 miles per gallon, which could help them meet the 49 mpg fleetwide mandate by 2026 even if the rest of their cars are still running. It’s a system that allows car companies to get around rules by buying credits from other companies…
The CX-60 began production last month at Mazda’s Hofu Plant No. 2 in western Japan. European deliveries will begin this summer, followed by Japan in the fall. The crossover will be available with a variety of powertrain options, beginning with a plug-in hybrid configuration that pairs a 2.5-liter four-cylinder Skyactiv-G gasoline engine with a 17.8-kilowatt-hour lithium ion battery and a 129-kilowatt electric motor. The total system output is 241 kW, or approximately 328 horsepower. The e-Skyactiv PHEV accelerates from zero to sixty miles per hour in 5.8 seconds and can travel approximately 62 kilometres (39 miles) in electric mode. Meanwhile,…