ECONOMICS

Economics

EV Battery Costs on Track to Hit Key Target by 2023

The goal is price parity between electrics and IC vehicles.
#sustainability

Economics

Chinese EV Startup WM Motor Raises Record $1.5 Billion

Funding push expected to be followed by IPO in October
#asia

Economics

Stalled Plant Sale Stymies GM’s Exit from India

Deal hampered by tensions between India and China
#asia #facilities

Hybrid

F-Series: The 2021 Launch, Going Electric and Solidly American

Ford launches the 2021 F-150, talks about the electric F-150, and calibrates the F-Series impact on the U.S economy
#Ford

Economics

FCA-PSA Tweak Merger Terms

Revised deal will give the new Stellantis another $3.4 billion in cash.
#europe

Economics

Brexit Fumble Could Cost Carmakers $130 Billion

Deadline looms for last-minute trade deal on U.K. exit from European Union
#europe #facilities

Economics

Report: U.S. Auto Companies Ponder Cutbacks in China

Fatigue over trade tensions saps investment plans
#asia

Production

Nissan Rounds Up $12.2 Billion to Buoy Turnaround

Trove will help pay for a four-year-long revival plan.
#asia #Nissan

Economics

McLaren Expects to Sell HQ to Raise Cash

British supercar maker McLaren Group intends to sell its zoomy global headquarters complex.
#europe #McLaren

Hybrid

PSA, Total Unveil Venture to Make EV Batteries in Europe

$5.9 billion venture to supply merged PSA and Fiat Chrysler Automobiles
#europe #Chrysler