Detroit
General Motors is creating an import business to send certain iconic vehicles to China
GM President Mark Reuss announces a $2.2 billion investment in the automaker’s Detroit-Hamtramck Assembly plant in Michigan for new all-electric trucks and autonomous vehicles on Jan. 27, 2020. Michael Wayland / CNBC DETROIT – General Motors is creating a new China-based premium import business focused on sales of high-margin, “iconic vehicles” from the U.S. The […]
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GM to buy SoftBank’s stake in Cruise self-driving unit
A robot car of the General Motors subsidiary Cruise is on a test drive. Andrej Sokolow | picture alliance | Getty Images DETROIT – General Motors is acquiring SoftBank Vision Fund 1’s equity ownership stake in its majority-owned Cruise autonomous vehicle unit for $2.1 billion, the automaker announced Friday afternoon. Softbank first acquired a minority […]
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Toyota, major chip supplier suspend production due to earthquake in Japan
A car dealership’s window is broken following a strong earthquake in Koriyama, Fukushima prefecture, Japan in this photo taken by Kyodo on March 17, 2022. Kyodo| via Reuters DETROIT – A major earthquake this week in Japan is causing additional problems for the already constrained global automotive supply chain, which continues to manage through problems […]
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Maserati unveils all-electric plan, starting with a new 1,200-horsepower GranTurismo
The new GranTurismo Folgore will be the first car in Maserati history Maserati DETROIT — Luxury auto brand Maserati plans to offer electric versions of its entire lineup by 2025, starting next year with a new GranTurismo EV featuring more than 1,200 horsepower, the company said Thursday. The GranTurismo “Folgore” will be the first all-electric […]
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Audi expects ‘tremendous interference’ to global supply chain due to Russian-Ukraine war
DETROIT – Audi expects the war in Ukraine to cause “tremendous interference” to the global supply chain, an executive with the German luxury brand said Thursday. The comments come as automakers globally, including Audi and its Volkswagen parent company, attempt to maintain supply chains of crucial parts such as semiconductor chips and wire harnesses that […]
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